Global Bismuth Compounds Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Bismuth Compounds Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Bismuth compounds are compounds containing the element bismuth (Bi). Bismuth forms trivalent and pentavalent compounds, with trivalent compounds being more common. The Bismuth Compounds referred to in this report do not include bismuth metal. Bismuth compounds include Bismuth Subsalicylate, Bismuth Subnitrate, Bismuth Subgallate, Bismuth Tribromophenate, Bismuth Oxychlorid, etc., and have a wide range of applications. For example, bismuth compounds have long been used to treat gastrointestinal disorders.

Market Overview:

The latest research study on the global Bismuth Compounds market finds that the global Bismuth Compounds market reached a value of USD 161.89 million in 2023. It’s expected that the market will achieve USD 303.14 million by 2029, exhibiting a CAGR of 11.02% during the forecast period.

Opportunities

High drug resistance rate of Hp leads to increased market demand for Bismuth Compounds drugs
Helicobacter pylori (Hp) is a spiral-shaped, microaerophilic, flagellated Gram-negative bacillus that mainly colonizes the mucus layer of the stomach, and some can also adhere to the surface of gastric epithelial cells that secrete mucus.

HP infection can cause chronic progressive gastritis and various diseases, including gastric and duodenal ulcers and gastric cancer. Antibiotics are currently the main therapeutic drugs for the eradication of Hp. However, with the widespread use of antibiotics, the resistance rate of Helicobacter pylori to antibiotics has increased year by year, especially clarithromycin, levofloxacin, and metronidazole, and the eradication effect of HP has dropped significantly.

In terms of eradicating HP, bismuth drugs can play a very good role. The mechanism of bismuth drugs is to inhibit the secretion of urease by Helicobacter pylori, thereby reversing the acid neutralizing ability and exposing it to gastric acid, thus killing or reducing the number of pathogens. At present, in the context of high drug resistance rate of Hp, bismuth drugs combined with antibiotics are receiving more and more attention in the treatment of HP infection. Therefore, the market demand for bismuth drugs is increasing, thereby increasing the demand for Bismuth Compounds. Overall, the high drug resistance rate of Hp has led to an increase in market demand for Bismuth Compounds drugs, which is one of the opportunities for industry development.

Region Overview:

In 2022, the share of the Bismuth Compounds market in Asia Pacific stood at 32.47%.

Company Overview:

5N Plus is a global leader in specialty semiconductors and high-performance materials.
5N Plus Lübeck GmbH. uses a range of proven know-how to develop and manufacture specialty materials that often form key components of customers' products. The company produces a variety of bismuth-based chemicals that are used to replace lead in other industrial applications, such as paints and pigments, as well as electronics, optics and glass.

5N Plus is one of the major players operating in the Bismuth Compounds market, holding a share of 36.92% in 2023.

Segmentation Overview:

By type, Bismuth Subsalicylate segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Pharma/Veterinary segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Bismuth Compounds market covered in Chapter 3:

Omkar Speciality Chemicals Ltd.
Zhejiang Xinmingzhu Pharmaceutical CO.,LTD
Vital Materials
5N Plus Lübeck GmbH.
MUBY CHEMICALS
Fengchen Group
Metallica Enterprise
JQC (Huayin) Pharmaceutical Co Ltd
Tuocaimetals
LIMSA FC
Jinwang Europe
Celtic Chemicals
Zhuzhou Keneng New Material Co., Ltd
OCB Pharmaceutical
FQ Specialty Chemicals

In Chapter 4 and Chapter 14.2, on the basis of types, the Bismuth Compounds market from 2019 to 2030 is primarily split into:

Bismuth Subsalicylate
Bismuth Subnitrate
Bismuth Dicitrate Tripotassium
Bismuth Subgallate
Bismuth Tribromophenate
Bismuth Oxychloride
Bismuth Sodium Tartrate
Bismuth Subcarbonate
Bismuth Citrate
Bismuth Oxide
Bismuth Hydroxide
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bismuth Compounds market from 2019 to 2030 covers:

Pharma/Veterinary
Cosmetics
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)