Bismuth Market
Bismuth Market Analysis By Derivative (Bismuth Nitrate, Bismuth Oxide, Bismuth Oxychloride, Bismuth Subcarbonate), By Application & By Region - Global Market Insights 2023 to 2033
Analysis of Bismuth Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bismuth Market Outlook (2023 to 2033)
As per this detailed Fact.MR industry analysis, the global bismuth market size is valued at US$ 380.90 million in 2023. Worldwide demand for bismuth is forecasted to increase at a CAGR of 7.6% and reach a market size of US$ 792.38 million by 2033.
The chemical element bismuth has the atomic number 83 and the symbol Bi. It is a free element that occurs in nature, being brittle and silvery-white. In Group 15 of the periodic table, alongside nitrogen, phosphorus, arsenic, antimony, and moscovium, bismuth is regarded as a post-transition metal.
Bismuth is known for its unique physical properties. It has a relatively low melting point (271.4 degrees Celsius or 520.5 degrees Fahrenheit) and expands as it solidifies, making it one of the few common metals that expands when it freezes. This property allows bismuth to form intricate, colorful crystals when it solidifies from its molten state.
Natural bismuth is not abundant in the Earth's crust. It is typically obtained as a byproduct in lead, tungsten, molybdenum, copper, tin, silver, and gold refining processes. It has various applications in different industries. Bismuth alloys are used in the manufacture of low-melting-point solders, fusible alloys, and fire sprinkler systems. Bismuth compounds have also been used in cosmetics, pharmaceuticals, and as catalysts in certain chemical reactions.
One interesting property of bismuth is its diamagnetic nature, which means it can repel magnetic fields. This property has led to its use in various magnetic levitation experiments and demonstrations.
Use of bismuth is increasing in the field of materials science due to its potential applications in thermoelectric devices. Bismuth-based materials have unique thermoelectric properties, which facilitate the conversion of heat into electricity and vice versa. This has led to rising R&D efforts aimed at improving the efficiency of thermoelectric devices for waste heat recovery and other applications. Overall, bismuth is a useful element with distinctive physical properties and a range of practical applications in various industries.
Bismuth nitrate, bismuth oxide, titanium bismuth, bismuth subgallate, bismuth subcitrate, bismuth oxychloride, bismuth salicylate, and bismuth subcarbonate are some of the derivates of bismuth. Bismuth oxide, sometimes referred to as bismuth trioxide, is a versatile compound with a wide range of uses. It is widely used as a pigment in ceramics and glass, as a catalyst in the manufacture of acrylic fibers, and as an element in the fabrication of electronic gadgets. Due to its wide usage, bismuth oxide powder is highly demanded across various industries.
During the projection period, bismuth oxychloride is also anticipated to witness significant growth in demand. In the cosmetics industry, this substance is often utilized, especially for making blush, foundation, and face powder. Consumers find its distinctive pearlescent qualities, which produce a shimmering effect in cosmetics, to be quite appealing. The swift growth in bismuth oxychloride sales is attributed to the rising demand for natural and mineral-based ingredients in beauty products.
Report Attributes | Details |
---|---|
Bismuth Market Size (2023E) |
US$ 380.90 Million |
Forecasted Market Value (2033F) |
US$ 792.38 Million |
Global Market Growth Rate (2023 to 2033) |
7.6% CAGR |
Leading Regional Market |
North America |
Emerging Regional Market |
Asia Pacific |
Key Companies Profiled |
|
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Why is Demand for Bismuth Increasing in Various Industries?
“Bismuth's Multi-faceted Role in Automotive Advancements”
Stricter environmental regulations and the need for more fuel-efficient vehicles are driving the demand for bismuth in the automotive sector. Bismuth-based compounds are being used in catalytic converters to reduce emissions of harmful gases such as nitrogen oxides (NOx) from internal combustion engines. Bismuth compounds offer improved catalytic activity and durability, making them an attractive choice for meeting stringent emission standards.
Bismuth-based materials exhibit excellent thermoelectric properties, which allow them to convert waste heat into electricity. The automotive sector is actively exploring thermoelectric technology to improve energy efficiency and reduce emissions. Bismuth-based thermoelectric materials are used in waste heat recovery systems in vehicles, where they can convert exhaust heat into usable electrical energy.
Bismuth alloys are known for their exceptional damping properties. In the automotive industry, vibration and noise reduction are critical factors for enhancing passenger comfort and overall vehicle performance. Bismuth-containing materials are used in various automotive components such as engine mounts, suspension systems, and soundproofing materials to effectively dampen vibrations and reduce noise levels.
Automakers are constantly striving to reduce the weight of vehicles to enhance fuel efficiency and meet emission standards. Bismuth alloys have a lightweight alternative application in bearing materials or as a component in lightweight alloys. By incorporating bismuth alloys, automakers can achieve weight reduction without compromising performance or safety.
All the above-mentioned factors are contributing to the increasing demand for bismuth in the automotive sector. Bismuth's unique properties make it an attractive choice for various automotive applications, ranging from soldering and thermoelectricity to vibration damping and weight reduction.
“From Glowing Skin to Shimmering Eyes – Bismuth’s Key Role in Cosmetics Industry”
Bismuth compounds such as bismuth oxychloride possess unique pearlescent and shimmering properties. These properties provide a lustrous, iridescent effect when used in cosmetics such as face powders, foundations, blushes, and eye shadows. The pearlescent effect adds depth, dimension, and a subtle glow to cosmetic products, making them visually appealing to customers.
Bismuth oxychloride has oil-absorbing properties, making it useful for cosmetics intended to control shine and provide a matte finish. Bismuth-based products can help absorb excess oil on the skin, providing a more balanced and matte appearance. This makes them popular in products such as oil-controlling powders and mattifying primers.
All these factors are contributing to the high demand for bismuth market in the cosmetics industry, as consumers seek products that provide aesthetic appeal, skin compatibility, and alternative options to potentially harmful ingredients.
What’s Hindering the Demand Growth for Bismuth?
“Complex Extraction Processes and Presence of Alternatives”
Suppliers of bismuth-based products encounter several challenges. The small amount of bismuth reserves is a major obstacle. Since there are few potential deposits of bismuth, which is a relatively rare element, it is difficult to cater to its rising demand from various industries. Bismuth extraction and refinement procedures are complex and expensive, which have an additional impact on the entire supply chain.
The presence of alternative materials and substitutes is also expected to restrict market growth. For example, demand for bismuth-based soldering materials is decreasing due to the rising use of lead-free solders and alloys in industries.
Addressing these challenges requires innovative solutions and a careful assessment of market dynamics. Finding ways to expand bismuth reserves, optimizing extraction and refining processes, and exploring new applications and markets are anticipated help overcome these obstacles and ensure growth in the bismuth market.
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What are the Strategies Adopted by New Entrants in This Market?
“Innovation, Diversification, Collaboration - Keys to Success for New Manufacturers”
With increasing emphasis on sustainable and environmentally friendly alternatives, newcomers are differentiating themselves by offering bismuth products that align with eco-conscious practices. Investing in research and development activities to derive innovative, sustainable applications of bismuth attracts environment-conscious customers.
Instead of solely relying on traditional applications of bismuth, newcomers can explore new markets and applications. This may include sectors such as healthcare, electronics, cosmetics, and energy storage. By diversifying their product offerings and targeting niche markets, newcomers are expected to expand their earning potential.
Building strategic partnerships with other players in the supply chain can be advantageous for newcomers. By collaborating with bismuth extraction and refining companies, manufacturers, distributors, or end users, new entrants can access expertise, resources, and established networks. This is expected to increase their market position, enhance their products, and accelerate their market reach.
Country-wise Analysis
What is Driving the Sales of Bismuth Derivatives in the United States?
“Lead-free Innovation: Utilization of Bismuth as Sustainable Soldering Solution”
In the United States, bismuth sales are increasing at a rapid pace. The emphasis on sustainable and environmentally friendly practices is significantly influencing market dynamics. With the growing emphasis on environmentally friendly alternatives, bismuth is gaining traction as a substitute for lead in soldering applications.
With increasing awareness of the environmental effects of certain materials, there is a growing demand for bismuth as a viable alternative. Thus, the United States is witnessing a rise in the use of bismuth in various industries, including electronics, healthcare, and cosmetics. Also, bismuth's unique properties such as low toxicity and high diamagnetic behavior are increasing its demand in various industries.
Which Facets are Fueling the Sales of Bismuth in the United Kingdom?
“Key Innovations & Developments in Bismuth Industry Revolutionizing the United Kingdom’s Healthcare Facilities”
The United Kingdom market for bismuth derivatives is undergoing significant development owing to its expanding range of applications and favorable regulatory environment. Bismuth compounds are widely utilized in manufacturing pharmaceutical formulations, particularly for treating gastrointestinal disorders. The increasing prevalence of these ailments, coupled with the rise in healthcare spending, is driving the demand for bismuth market in the United Kingdom.
Why is China Considered a Profitable Market for Producers of Bismuth?
“Powerhouse of Several Industries – High Need for Bismuth Derivatives”
Sales of bismuth products in China are undergoing a dynamic transformation, propelled by robust industrial growth and a vast consumer base. China is one of the leading producers and consumers of bismuth globally, with a strong presence in sectors such as metallurgy, chemicals, and electronics.
China's electronics industry, in particular, has been a significant driving force, with bismuth being extensively used in the production of semiconductors and superconductors. The rising spending power of the majority of individuals is also contributing to the increasing demand for bismuth-based cosmetics and pharmaceuticals in the country.
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Category-wise Analysis
Which Industry Accounts for Widespread Application of Bismuth Derivatives?
“Bismuth Used as Vital Compound in Pharmaceuticals, Especially Gastrointestinal Medicines”
Bismuth compounds have found extensive use in the field of medicine, specifically for addressing gastrointestinal disorders. In addition to its well-established gastro-protective properties and effectiveness against Helicobacter pylori infection, bismuth possesses antimicrobial, anti-leishmanial, and anti-cancer attributes.
For the treatment of diarrhea in adults and teenagers, bismuth subsalicylate is widely used. It is also employed to alleviate various symptoms associated with upset stomachs, heartburn, indigestion, nausea, and other related issues.
- The United States serves as the headquarters for several prominent pharmaceutical companies, including Pfizer, AbbVie, Bristol-Myers Squibb, Merck & Co., and Johnson & Johnson.
- Germany stands out as one of the world's major players in the pharmaceutical industry, boasting approximately 400 pharmaceutical companies. According to the European Federation of Pharmaceutical Industries and Associations, Germany surpassed Switzerland, the United Kingdom, and France in terms of research and development (R&D) expenditure in the pharma sector in 2022. Germany allocated EUR 8,466 million (US$ 9 billion) towards research activities.
Considering these factors, the pharmaceutical sector is expected to exert a significant influence on the bismuth industry growth.
Competitive Landscape
Key players in the bismuth market are focusing on continuous product innovations and R&D activities to introduce advanced and high-quality bismuth compounds to stay competitive in the market by offering unique formulations with enhanced properties and improved efficacy.
Collaborations with other pharmaceutical companies, research institutions, and healthcare organizations are being increasingly adopted as strategies by top producers of bismuth. Such partnerships facilitate knowledge sharing, resource pooling, and joint research efforts, which are expected to accelerate product development and market penetration.
- In March 2022, Viavi Solutions and OFS announced their partnership on a test and measurement-focused amplifier built on a brand-new OFS bismuth-doped fiber produced in sufficient quantities to address the increasing need for 400GbE and 800GbE test applications globally.
Key Segments Covered in Bismuth Industry Research
-
By Derivative :
- Bismuth Nitrate
- Bismuth Oxide
- Bismuth Oxychloride
- Bismuth Subcarbonate
-
By Application :
- Pharmaceuticals
- Automotive
- Electrical & Electronics
- Cosmetics
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 2.3. Inclusions/Exclusions 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Derivative modifications /Innovation 4. Key Success Factors 4.1. Strategic Developments 4.2. Key regulations 4.3. Derivative USPs /Technology 4.4. List of Manufacturers and Providers 5. Market Background 5.1. Macro-Economic Factors 5.1.1. Global GDP outlook 5.1.2. Increasing R&D Expenditure 5.2. Forecast Factors - Relevance & Impact 5.2.1. New Derivative launches 5.2.2. Cost of Derivatives 5.3. Market Dynamics 5.3.1. Drivers 5.3.2. Restraints 5.3.3. Opportunity Analysis 6. COVID19 Crisis Analysis 6.1. Current COVID19 Statistics and Probable Future Impact 6.2. Current GDP Projection and Probable Impact 6.3. Current Economic Projection as Compared to 2008 Economic analysis 6.4. COVID19 and Impact Analysis 6.4.1. Revenue By Derivative 6.4.2. Revenue By Application 6.4.3. Revenue By Country 6.5. 2022 Market Scenario 6.6. Quarter by Quarter Forecast 6.7. Projected Recovery Quarter 7. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Volume (Units) Analysis, 2018 to 2022 7.2. Current and Future Market Volume (Units) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 8. Global Market - Pricing Analysis 8.1. Regional Pricing Analysis By Derivative 8.2. Pricing Break-up 8.2.1. Manufacturer-Level Pricing 8.2.2. Distributor Level Pricing 8.3. Global Average Pricing Analysis Benchmark 9. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033 9.1. Historical Market Value (US$ Mn) Analysis, 2018 to 2022 9.2. Current and Future Market Value (US$ Mn) Projections, 2023 to 2033 9.2.1. Y-o-Y Growth Trend Analysis 9.2.2. Absolute $ Opportunity Analysis 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Derivative 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) Analysis By Derivative, 2018 to 2022 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Derivative, 2023 to 2033 10.3.1. Nitrate 10.3.2. Oxide 10.3.3. Oxychloride 10.3.4. Subcarbonate 10.4. Market Attractiveness Analysis By Derivative 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Mn) Analysis By Application, 2018 to 2022 11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2023 to 2033 11.3.1. Pharmaceuticals 11.3.2. Automotive 11.3.3. Electrical & Electronics 11.3.4. Cosmetics 11.4. Market Attractiveness Analysis By Application 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Mn) Analysis By Region, 2018 to 2022 12.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2023 to 2033 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia 12.3.6. Oceania 12.3.7. Middle East and Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 13.3.1. By Country 13.3.1.1. U.S. 13.3.1.2. Canada 13.3.2. By Derivative 13.3.3. By Application 13.4. Market Attractiveness Analysis 13.5. Key Market Participants - Intensity Mapping 13.6. Drivers and Restraints - Impact Analysis 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 14.3.1. By Country 14.3.1.1. Brazil 14.3.1.2. Mexico 14.3.1.3. Argentina 14.3.1.4. Rest of Latin America 14.3.2. By Derivative 14.3.3. By Application 14.4. Market Attractiveness Analysis 14.5. Key Market Participants - Intensity Mapping 14.6. Drivers and Restraints - Impact Analysis 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 15.3.1. By Country 15.3.1.1. Germany 15.3.1.2. Italy 15.3.1.3. France 15.3.1.4. U.K. 15.3.1.5. Spain 15.3.1.6. Russia 15.3.1.7. Rest of Europe 15.3.2. By Derivative 15.3.3. By Application 15.4. Market Attractiveness Analysis 15.5. Key Market Participants - Intensity Mapping 15.6. Drivers and Restraints - Impact Analysis 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 16.3.1. By Country 16.3.1.1. India 16.3.1.2. Thailand 16.3.1.3. Indonesia 16.3.1.4. Malaysia 16.3.1.5. Rest of South Asia 16.3.2. By Derivative 16.3.3. By Application 16.4. Market Attractiveness Analysis 16.5. Key Market Participants - Intensity Mapping 16.6. Drivers and Restraints - Impact Analysis 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction 17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 17.3.1. By Country 17.3.1.1. China 17.3.1.2. Japan 17.3.1.3. South Korea 17.3.1.4. Rest of East Asia 17.3.2. By Derivative 17.3.3. By Application 17.4. Market Attractiveness Analysis 17.5. Key Market Participants - Intensity Mapping 17.6. Drivers and Restraints - Impact Analysis 18. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18.1. Introduction 18.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 18.3.1. By Country 18.3.1.1. Australia 18.3.1.2. New Zealand 18.3.2. By Derivative 18.3.3. By Application 18.4. Market Attractiveness Analysis 18.5. Key Market Participants - Intensity Mapping 18.6. Drivers and Restraints - Impact Analysis 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19.1. Introduction 19.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 19.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 19.3.1. By Country 19.3.1.1. GCC Countries 19.3.1.2. South Africa 19.3.1.3. Rest of Middle East and Africa 19.3.2. By Derivative 19.3.3. By Application 19.4. Market Attractiveness Analysis 19.5. Drivers and Restraints - Impact Analysis 20. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20.1. Introduction 20.1.1. Market Value Proportion Analysis, By Key Countries 20.1.2. Global Vs. Country Growth Comparison 20.2. U.S. Market Analysis 20.2.1. By Derivative 20.2.2. By Application 20.3. Canada Market Analysis 20.3.1. By Derivative 20.3.2. By Application 20.4. Mexico Market Analysis 20.4.1. By Derivative 20.4.2. By Application 20.5. Brazil Market Analysis 20.5.1. By Derivative 20.5.2. By Application 20.6. U.K. Market Analysis 20.6.1. By Derivative 20.6.2. By Application 20.7. Germany Market Analysis 20.7.1. By Derivative 20.7.2. By Application 20.8. France Market Analysis 20.8.1. By Derivative 20.8.2. By Application 20.9. Italy Market Analysis 20.9.1. By Derivative 20.9.2. By Application 20.10. Spain Market Analysis 20.10.1. By Derivative 20.10.2. By Application 20.11. BENELUX Market Analysis 20.11.1. By Derivative 20.11.2. By Application 20.12. Russia Market Analysis 20.12.1. By Derivative 20.12.2. By Application 20.13. China Market Analysis 20.13.1. By Derivative 20.13.2. By Application 20.14. Japan Market Analysis 20.14.1. By Derivative 20.14.2. By Application 20.15. South Korea Market Analysis 20.15.1. By Derivative 20.15.2. By Application 20.16. India Market Analysis 20.16.1. By Derivative 20.16.2. By Application 20.17. ASEAN Market Analysis 20.17.1. By Derivative 20.17.2. By Application 20.18. Australia Market Analysis 20.18.1. By Derivative 20.18.2. By Application 20.19. New Zealand Market Analysis 20.19.1. By Derivative 20.19.2. By Application 20.20. GCC Countries Market Analysis 20.20.1. By Derivative 20.20.2. By Application 20.21. Turkey Market Analysis 20.21.1. By Derivative 20.21.2. By Application 20.22. South Africa Market Analysis 20.22.1. By Derivative 20.22.2. By Application 21. Market Structure Analysis 21.1. Market Analysis by Tier of Companies 21.2. Market Concentration 21.3. Market Share Analysis of Top Players 21.4. Market Presence Analysis 21.4.1. By Regional footprint of Players 21.4.2. Derivative foot print by Players 21.4.3. Channel Foot Print by Players 22. Competition Analysis 22.1. Competition Dashboard 22.2. Competition Benchmarking 22.3. Competition Deep dive 22.3.1. 5N Plus 22.3.1.1. Overview 22.3.1.2. Derivative Portfolio 22.3.1.3. Profitability by Market Segments (Derivative/Channel/Region) 22.3.1.4. Sales Footprint 22.3.1.5. Strategy Overview 22.3.2. BASF SE 22.3.2.1. Overview 22.3.2.2. Derivative Portfolio 22.3.2.3. Profitability by Market Segments (Derivative/Channel/Region) 22.3.2.4. Sales Footprint 22.3.2.5. Strategy Overview 22.3.3. Xianyang Yuehua Co., Ltd. 22.3.3.1. Overview 22.3.3.2. Derivative Portfolio 22.3.3.3. Profitability by Market Segments (Derivative/Channel/Region) 22.3.3.4. Sales Footprint 22.3.3.5. Strategy Overview 22.3.4. Industrias Peñoles 22.3.4.1. Overview 22.3.4.2. Derivative Portfolio 22.3.4.3. Profitability by Market Segments (Derivative/Channel/Region) 22.3.4.4. Sales Footprint 22.3.4.5. Strategy Overview 22.3.5. Merck KGaA 22.3.5.1. Overview 22.3.5.2. Derivative Portfolio 22.3.5.3. Profitability by Market Segments (Derivative/Channel/Region) 22.3.5.4. Sales Footprint 22.3.5.5. Strategy Overview 22.3.6. Geotech International B.V. 22.3.6.1. Overview 22.3.6.2. Derivative Portfolio 22.3.6.3. Profitability by Market Segments (Derivative/Channel/Region) 22.3.6.4. Sales Footprint 22.3.6.5. Strategy Overview 22.3.7. Hunan Jinwang Industry Co. Ltd 22.3.7.1. Overview 22.3.7.2. Derivative Portfolio 22.3.7.3. Profitability by Market Segments (Derivative/Channel/Region) 22.3.7.4. Sales Footprint 22.3.7.5. Strategy Overview 22.3.8. Nui Phao Mining Joint Venture Co.Ltd 22.3.8.1. Overview 22.3.8.2. Derivative Portfolio 22.3.8.3. Profitability by Market Segments (Derivative/Channel/Region) 22.3.8.4. Sales Footprint 22.3.8.5. Strategy Overview 22.3.9. Fortune Minerals Ltd 22.3.9.1. Overview 22.3.9.2. Derivative Portfolio 22.3.9.3. Profitability by Market Segments (Derivative/Channel/Region) 22.3.9.4. Sales Footprint 22.3.9.5. Strategy Overview 22.3.10. Western Minmetals (SC) Corporation 22.3.10.1. Overview 22.3.10.2. Derivative Portfolio 22.3.10.3. Profitability by Market Segments (Derivative/Channel/Region) 22.3.10.4. Sales Footprint 22.3.10.5. Strategy Overview 22.3.11. Shenzhen Chinary Co. Ltd 22.3.11.1. Overview 22.3.11.2. Derivative Portfolio 22.3.11.3. Profitability by Market Segments (Derivative/Channel/Region) 22.3.11.4. Sales Footprint 22.3.11.5. Strategy Overview 23. Assumptions and Acronyms Used 24. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Derivative
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Derivative
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Derivative
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Derivative
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Derivative
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Derivative
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Derivative
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Derivative
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Derivative
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Derivative, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Derivative, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Derivative, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Derivative, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Derivative, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Derivative, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Derivative, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Derivative, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Derivative, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Derivative, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Derivative, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Derivative, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Derivative, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Derivative, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Derivative, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Derivative, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Derivative, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Derivative, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Derivative, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Derivative, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Derivative, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Derivative, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Derivative, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Derivative, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Derivative, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Derivative, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Derivative, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Derivative, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Derivative, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Derivative, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Derivative, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Derivative, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Derivative, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Derivative, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Derivative, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Derivative, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Derivative, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Derivative, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Derivative, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
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- FAQs -
What is the value of the bismuth market in 2023?
The global bismuth market is valued at US$ 380.90 million in 2023.
What is the projected value of the market for 2033?
The market for bismuth is forecasted to reach US$ 792.38 million by 2033.
What is the estimated CAGR of the bismuth market?
Global demand for bismuth derivatives is forecasted to increase at a CAGR of 7.6% through 2033.
Which is a rapidly emerging regional market in this space?
Asia Pacific is expected to exhibit high demand for bismuth due to the presence of thriving industries such as pharmaceuticals, electrical & electronics, and automotive.
Which sector utilizes bismuth on a large scale?
The pharmaceutical sector uses bismuth for the production of medicines related to gastrointestinal disorders.