Press release
Shining Bright: Exploring the Lucrative Bismuth Market for Sustainable Industrial Applications
Bismuth Market
China is a significant consumer, producer, and exporter of bismuth, and it is expected that in the near future, China will continue to dominate the world market. Consumption in the area is expected to be driven by the increased usage of bismuth oxide in expanding manufacturing industries. Further market expansion is anticipated to be driven by the rapidly expanding vehicle end-use industry.
In relation to the fundamental stimulants that mold Bismuth Market, an understanding has been provided about the pricing history, volume, value and market share of the product or service. A multitude of potential growth factors, risks, opportunities, constraints, and the threat by new entrants is also mentioned in the report. These dynamics help to get a stronghold of the overall market.
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Increasing environmental regulations regarding lead usage in various end-use industries would drive demand for bismuth and bismuth derived compounds. Stringent regulations and initiatives by leading manufacturers in end-use industries to phase out lead production is expected to spur bismuth market growth. Major paints & coatings manufacturers such as BASF SE and PPG Inc. are actively offering bismuth-based products replacing their lead based portfolio, in order to provide environmentally-friendly product offerings.
The bismuth market in APAC is anticipated to witness higher growth rates due to increasing manufacturing activities in China and India. Demand in Europe is also anticipated to be above average due to stringent lead restricting directives in the region, while demand in North America, Latin America, and MEA is expected to be moderate. Declining lead production due to regulations and declining consumption of lead-acid batteries is anticipated to be a major restricting factor for the global market. The increasing use of bismuth alternatives in pharmaceuticals and alloys is also a major obstacle to market growth.
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Key Companies-
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, SA de CV
5N Plus Inc.
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.
PMR Long-term Outlook on Global Bismuth Market: The global bismuth market is expected to reach US$ 400.0 Mn expanding at a CAGR of 6.7% during the forecast period (2016-2024). Asia Pacific is anticipated to be the largest market for bismuth, with a market share of 46% in overall sales by the end of 2024.
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Report Highlights:
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint.
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