Global Bismuth Market, 2016 - 2024
Persistence Market Research
Global Bismuth Market is Estimated to be
Valued at US$ 226.1 Mn by 2016
Persistence Market Research
1
Global Bismuth Market, 2016 - 2024
Global demand for bismuth is expected to grow at a Y-o-Y growth rate of 4.9% by 2016 end.
China is a major consumer, producer, and exporter of bismuth and is anticipated to maintain its
dominance in the global market in the near future. The country is estimated to account for
27.0% share of overall bismuth sales by the end of 2016. The increasing use of bismuth oxide in
growing manufacturing industries is anticipated to drive consumption in the region. The rapid
growth of the automobile end-use industry is expected to drive further market growth.
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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...