Bismuth

Global Bismuth Market to Reach US$611.9 Million by 2030

The global market for Bismuth estimated at US$416.9 Million in the year 2024, is expected to reach US$611.9 Million by 2030, growing at a CAGR of 6.6% over the analysis period 2024-2030. Bismuth Oxides, one of the segments analyzed in the report, is expected to record a 7.2% CAGR and reach US$225.7 Million by the end of the analysis period. Growth in the Bismuth Oxychlorides segment is estimated at 8.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$48.9 Million While China is Forecast to Grow at 7.1% CAGR

The Bismuth market in the U.S. is estimated at US$48.9 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$229.3 Million by the year 2030 trailing a CAGR of 7.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.0% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.

Bismuth  - Key Trends and Drivers

Bismuth is a brittle, crystalline, white metal with a slight pink tinge, primarily known for its low toxicity and high melting point, which is higher than lead but lower than most other metals. Its properties make it a suitable substitute for lead in various applications. Bismuth is primarily used in alloys with low melting points, pharmaceuticals, cosmetics, and as a pigment in paints and ceramics. Additionally, it finds application in the production of fire detection and suppression system devices due to its unique thermal properties. The push towards environmentally friendly materials is a significant growth driver for bismuth. As industries and regulatory bodies move away from toxic materials such as lead, bismuth`s importance is increasing, particularly in applications such as water systems, plumbing, and solders. These applications benefit from bismuth`s non-toxicity and comparable physical properties to lead. This shift is driven by both regulatory changes and growing consumer awareness and demand for safer, more sustainable products. The expanding range of applications in non-toxic pigments and cosmetic products also illustrates the adaptability and safety of bismuth, enhancing its market appeal.

Technological advancements in bismuth-based pharmaceuticals represent another major trend. Bismuth compounds are extensively used in medicinal treatments, notably in bismuth subsalicylate (Pepto-Bismol), used to treat minor digestive disturbances. Research into new pharmaceutical applications is ongoing, with recent studies exploring bismuth`s antibacterial properties for treating bacterial infections and even cancer. This research is propelling interest and investment in bismuth`s pharmaceutical applications, potentially opening new, lucrative markets for the metal.

Moreover, innovations in bismuth alloys and compounds are expanding its use in electronic devices and as a component in automatic sprinkler systems, where bismuth`s low melting point allows for rapid response to heat. The evolving electronics industry, aiming for more efficient and compact devices, finds these properties increasingly beneficial. Overall, the growing scope of applications, coupled with a shift towards non-toxic materials and advanced phasrmaceutical uses, is shaping the future of the bismuth market, promising continued expansion and diversification.

SCOPE OF STUDY:

The report analyzes the Bismuth market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Derivative (Bismuth Oxides, Bismuth Oxychlorides, Bismuth Subnitrates, Bismuth Subcarbonates, Bismuth Aluminates, Other Derivatives); Application (Pharmaceuticals Application, Cosmetics & Pigments Application, Electrical & Electronics Application, Automotive Application, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 69 Featured) -

• ABCR GmbH & Co., KG.
• ESPI Metals
• Fortune Minerals Ltd.
• Kazzinc Limited
• Masan High-Tech Materials Corporation
• Nubiola
• Rare World Metals Mint, LLC
• Taiyo Koko Co., Ltd.
• Todini and Co. S.p.a.
• Y&X Beijing Technology Co., Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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