Global Market Study on Bismuth: Supply to Remain Dominated By China during Forecast Period 2016-2024


  • Published On : Jul-2016 |
  • Pages : 177 Pages |
  • Format :

Persistence Market Research offers an 8-year forecast for the global bismuth market between 2016 and 2024. In terms of consumption, the market is expected to register a CAGR of 4.9% during the forecast period (2016–2024). This report provides market dynamics and trends across seven major regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa, which influence the current nature and future status of the bismuth market over the forecast period.

This Persistence Market Research report examines the ‘Global Bismuth Market’ for the period 2016–2024 in terms of value and volume. The primary objective of the report is to offer updates on developments in the global bismuth market and conduct quantitative as well as a qualitative assessment of the market across various derivatives, applications, and regional market segments.

On the basis of derivative, the global bismuth market is segmented as follows:

  • Oxides
  • Nitrates
  • Metals
  • Bismuth Salicylate
  • Bismuth Oxychloride
  • Others

On the basis of application, the global bismuth market is segmented as follows:

  • Pharmaceuticals
  • Cosmetics
  • Industrial Pigments
  • Metallurgical Additives
  • Fusible Alloys
  • Others

Regionally, bismuth market is segmented as follows:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

To understand and assess market opportunities and trends, the report is categorically split into sections such as market overview, global industry analysis, analysis by application and by region. Each section discusses the qualitative and quantitative aspects of the global bismuth market. To give a brief idea about revenue opportunities from various application and region/country, the report also provides absolute $ opportunity and total incremental opportunity for each segment over the forecast period.

The report starts with a market overview and provides market definition and analysis about drivers, restraints and key trends in bismuth market. The sections that follow include global market analysis, by application and further by regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market, covering present scenario and future prospects. For market data analysis, the report considers 2015 as the base year, with market numbers estimated for 2016 and the forecast made for 2017–2024.

To calculate the market size, the report considers average price of bismuth in aforementioned applications across geographies on a regional basis. The forecast assesses total revenue as well as the volume of global magnesium market. The data is triangulated on the basis of different analysis considering supply side, demand side and dynamics of regional markets. However, quantifying the market across regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

The final section of the global magnesium oxide market report provides profiles of the key industry players in order to evaluate their strategies and recent developments. Moreover, this section of the report also includes a dashboard view of key companies operating in global bismuth market. Some of the market players featured in the section are Hunan Jinwang Bismuth Industry Co. Ltd, Hunan Bismuth Co. Ltd, Hunan YuTeng Nonferrous Metals Co., Ltd., Met-Mex Peñoles, S.A. de C.V., 5N Plus Inc., Hunan YuTeng Nonferrous Metals Co., Ltd., Nui Phao Mining Company Limited.

Key Regions/ Country Covered

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • U.K.
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of MEA

Bismuth, a least toxic heavy metal resembles with lead in many of its characteristics. It is the most diamagnetic material known, which is found naturally. This white crystalline metal finds applications in the diverse set of industries. It is found in nature in the form of bismite, bismuthinite, or bismutite minerals. However, more commonly produced as a refining by product of lead. Pellets, powder, needle, ingots forms of bismuth are used for commercial applications across the industries. Pharmaceutical is a prominent application of bismuth, where it is used as an indigestion remedy under the brand name Pepto-Bismol. Additionally, bismuth also finds application in cosmetics, industrial pigments, metallurgical additives, and fusible alloys. Most of the bismuth applications use bismuth in small quantities.

Moreover, end user chemical industries namely, cosmetics, pharmaceuticals, and industrial pigments use bismuth compounds which are derived from bismuth. Bismuth oxides, nitrates, bismuth salicylate, bismuth oxychloride are prominent derivatives of bismuth metals. Other bismuth derivatives include bismuth vanadate, bismuth sulphides, and bismuth acetate. Bismuth oxides and bismuth nitrates are the most protruding derivatives and are generally used as a source of bismuth to produce various high purity bismuth compounds.

Global bismuth market is estimated reach around US$ 225 Mn in 2016 and is projected to expand at a moderate single-digit CAGR in terms of value during the forecast period, 2016-2024.

Bismuth having resembling characteristics with lead and having least toxic effects on human health is anticipated to replace lead in numerous applications. Bismuth market growth is estimated to be driven by increasing government regulations to restrict the use of lead in various end-use industries namely, paints & coatings, alloys, and electronics. The renovation, repair, and painting (RPR) programme by Environmental Protection Agency and REACH regulations are instances of such restrictions by governments in North America and Europe. Major end-use manufacturers such as BASF SE and PPG Inc. are offering bismuth-based products as an alternative for lead products, in order to provide environmentally friendly offerings. POSCO which has a production capacity of 1.5 Mn metric tons of lead-based free machining steel is set to replace it by bismuth-based free machining steel. 

The growing automotive industry which includes the application of bismuth in rust free coatings, pearlescent coatings, brake linings, and clutch pads is also anticipated to provide traction for the increasing bismuth market demand over the forecast period. Moreover, the increasing base metal tungsten production is anticipated to increase bismuth supply in the market. The production of tungsten in the global market by non-Chinese producers is expected to increase in near future which in turn will drive the bismuth supply in the global market.

However, the production of lead which is a prominent source of bismuth supply is estimated to decline due to the regulations and decreasing consumption of lead acid batteries in the global market. This declining lead production is estimated to be a major restraint in global bismuth market growth over the forecast period. Moreover, the increasing use of alternatives namely alumina and magnesia in pharmaceuticals application and use of tungsten and tin in alloys application is anticipated to be a major obstacle to the market growth. The new entrants venturing in with high production capacity is anticipated to be a prominent trend in the market. Additionally, Use of bismuth in a high-tech application such as wearable technology and as an anode for Sodium-Ion Batteries (SIB) is another protruding trend in the global market.

Global Bismuth Market Taxonomy

Global bismuth market is segmented as follows:

  • By Derivative
  • By Application
  • By Region

By derivative, global bismuth market is segmented into oxides, nitrates, metals, bismuth salicylate, bismuth oxychloride, and others. Bismuth oxide segment is anticipated to continually dominate the market share in terms of volume, over the forecast period. On the basis of application, the global bismuth market is classified as pharmaceuticals, cosmetics, industrial pigments, metallurgical additives, fusible alloys, and others. Among these segments, pharmaceuticals are the most prominent segment in the global bismuth market.

Bismuth oxychloride and metals segments are anticipated to collectively expand at a CAGR  of 7.0% over the forecast period; this is higher than the global average market growth rate. The two segments are anticipated to create the cumulative incremental $ opportunity of US$ 62.2 Mn between 2016 and 2024. The nitrates and bismuth salicylate segments are anticipated to exhibit relatively low CAGR over the forecast period.

bismuth-consumption-market

Regional Analysis

On the basis of regions, the global bismuth market is segmented into key regions, namely, North America, Latin America, Europe, APAC, Middle East and Africa. Asia Pacific is anticipated to be the dominating market in terms of value and volume, over the forecast period.

Key Players

Key players identified in this report are Martin Marietta Inc., Hunan Jinwang Bismuth Industry Co. Ltd, Hunan Bismuth Co. Ltd, Hunan YuTeng Nonferrous Metals Co., Ltd., Met-Mex Peñoles, S.A. de C.V., 5N Plus Inc., Hunan YuTeng Nonferrous Metals Co., Ltd., Nui Phao Mining Company Limited.

Company Profiles

  • Hunan Jinwang Bismuth Industry Co. Ltd
  • Hunan Bismuth Co. Ltd
  • Hunan Shizhuyuan Nonferrous Metals Co., Ltd.
  • Hunan Huaxin Rare & Precious Metals Technologies Co., Ltd. 
  • Hunan YuTeng Nonferrous Metals Co., Ltd.
  • Nui Phao Mining Company Limited 
  • Met-Mex Peñoles, S.A. de C.V.
  • 5N Plus Inc.
  • Other
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