Global Bismuth Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Derivative;

Oxides, Nitrates, Metals, Bismuth Salicylate, Bismuth Oxychloride, and Others.

By Application;

Pharmaceuticals, Cosmetics, Industrial Pigments, Metallurgical Additives, Fusible Alloys, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn110121472 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Bismuth Market (USD Million), 2021 - 2031

In the year 2024, the Global Bismuth Market was valued at USD 404.73 million. The size of this market is expected to increase to USD 624.83 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.4%.

The global bismuth market plays a pivotal role in various industries due to the unique properties and versatile applications of bismuth, a post-transition metal. Bismuth, with its distinct pink hue and low thermal conductivity, finds applications across sectors such as pharmaceuticals, electronics, chemicals, and metallurgy. As a key component in pharmaceutical formulations, bismuth compounds are utilized in medications for treating gastrointestinal disorders, including peptic ulcers and diarrhea. Additionally, bismuth's relatively low toxicity compared to other heavy metals makes it a preferred choice for pharmaceutical applications, contributing to its significant demand in the healthcare sector.

The electronics industry relies on bismuth-based compounds for their semiconductor and superconducting properties. Bismuth compounds, such as bismuth telluride and bismuth strontium calcium copper oxide (BSCCO), are used in thermoelectric devices, infrared detectors, and superconducting materials for various electronic applications. Bismuth's unique combination of electrical, thermal, and magnetic properties makes it an essential element in advanced electronic components, contributing to its widespread adoption in the electronics industry.

Bismuth plays a crucial role in metallurgical applications, where it is used as an alloying agent to enhance the properties of other metals, such as lead, tin, and steel. Bismuth alloys, such as Woods metal and Newton's metal, have low melting points and are used in applications requiring low-temperature soldering, casting, and molding. Additionally, bismuth's ability to form alloys with desirable characteristics, such as high machinability, corrosion resistance, and low toxicity, makes it a valuable additive in various metallurgical processes, including automotive manufacturing, aerospace engineering, and construction materials.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Derivative
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Bismuth Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Electronics Industry Growth
        2. Medical Sector Demand
        3. Green Technologies
        4. Bismuth Alloys Applications
        5. Environmental Regulations
      2. Restraints
        1. Supply Chain Disruptions
        2. Price Volatility
        3. Environmental Concerns
        4. Competition from Substitutes
        5. Regulatory Restrictions
      3. Opportunities
        1. Renewable Energy Technologies
        2. Medical Imaging Applications
        3. Electronics Miniaturization
        4. Sustainable Materials
        5. Emerging Economies Demand
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Bismuth Market, By Derivative, 2021 - 2031 (USD Million)
      1. Oxides
      2. Nitrates
      3. Metals
      4. Bismuth Salicylate
      5. Bismuth Oxychloride
      6. Others
    2. Global Bismuth Market, By Application, 2021 - 2031 (USD Million)
      1. Pharmaceuticals
      2. Cosmetics
      3. Industrial Pigments
      4. Metallurgical Additives
      5. Fusible Alloys
      6. Others
    3. Global Bismuth Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Hunan Jinwang Bismuth Industry
      2. Hunan Shizhuyuan Nonferrous Metals
      3. Hunan Huaxin Rare & Precious Metals Technologies
      4. Hunan YuTeng Nonferrous Metals
      5. Nui Phao Mining Company
      6. Met-Mex Peoples
  7. Analyst Views
  8. Future Outlook of the Market