Bismuth Oxychloride Market Report Overview
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The global bismuth oxychloride market size is USD 39 million in 2022 and is expected to reach USD 50 million in 2028, exhibiting a CAGR of 4.3% during the forecast period.
Amorphous or finely crystalline white or almost white powder, bismuth oxychloride is produced synthetically. The color additive bismuth oxychloride is used in a variety of goods, including pharmaceuticals, coatings, printing inks, and automobile paints. Automotive, pharmaceutical, and cosmetics are some of the major end-use sectors for bismuth. It is largely utilized in many powders, sometimes known as "mineral cosmetics."
It is primarily utilized in powder foundation, bronzer, blush, and eye shadow because of its huge plate-like structure. Bismuth has a light wave interference effect due to its plate-like structure. In nature, it is hardly found. Bismuth, a byproduct of the processing of copper and lead metals, is combined with chloride and water to create it. It fits and settles beautifully on the skin and has an iridescent effect with a distinctive shimmering, fine powder texture that is white.
COVID-19 Impact: Instability in Sales Causes Market Distortion
The global COVID-19 pandemic has been unprecedented and staggering, with bismuth oxychloride market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The COVID-19 outbreak caused problems for manufacturers of chemicals and advanced materials, including unstable markets, a drop in customer confidence, and difficulties with import and export commerce. The sourcing of raw materials, packaging, and distribution are all parts of the global supply chain. Due to lockdowns, moving commodities, labels, and other items has become difficult. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for equipment. Machine manufacturers are concentrating on safeguarding their personnel, business processes, and supply chains to deal with this pressing scenario. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall chemicals and advanced materials industry. This has partially impacted the bismuth oxychloride market.
LATEST TRENDS
"Cosmetics Industry to Boost the Market Growth"
Bismuth is frequently used in pharmaceuticals. Additionally, bismuth is used in fusible alloys, metallurgical additives, industrial pigments, and color cosmetics. Small amounts of bismuth are used in the majority of bismuth applications. Moreover, bismuth oxychloride compounds, which are generated from bismuth, are used in end-user chemical industries like cosmetics, drugs, and industrial pigments. Because the product has a distinctive sparkly, iridescent appearance and a fine white powder texture that adheres nicely to skin, using it in cosmetics is the key trend that is driving the market. Talc is lighter than bismuth oxychloride in weight. Pure bismuth is a powder that is typically grayish-white in color. It is a naturally occurring mineral that gives off an iridescent (shiny) look when used as a cosmetic pigment. These new developments are mostly to blame for the market's overall growth.
DRIVING FACTORS
"Plastic Addictive Gives the Market Extra Boost "
Oxychloride of bismuth is employed in numerous processes. In the manufacture of plastic products including furniture, toys, injection molds, extruder masses, and plastic sheets when a smooth surface is required, it is utilized as a plastic additive or pigment. In order to create glossy effects, it is also added to paints that are both solvent-based and water-soluble, synthetic fibers, and translucent plastic molding materials. Utilizing bismuth as a plastic additive has special benefits since it preserves the shine and pearlescent appearance of the plastics even when they are subjected to strong shear forces during pressing, extruding, or injection molding. The market is anticipated to be driven by an increase in demand for plastic materials in automotive and other industrial applications. As a result, the growth, and the growing demand of plastic addictive or pigment will boost the market. It will contribute to the expansion of the chemicals and advanced materials industry and it will improve the overall bismuth oxychloride market growth.
"Growth in Paints & Coating Industry to Encourage Market Expansion "
Another factor influencing the market is expansion in the paints and coatings sector. Any metallic or non-metallic surface is given a rich, silky shine, and opulent touch by bismuth oxychloride. The usage of it in automotive paints is also widespread. A rise in the price of gasoline and diesel is expected to enhance demand for electric vehicles in the near future. Worldwide efforts are being made to lower carbon emissions. The growth in manufacturing of electric vehicles, body parts, and other auto components is expected to result in an increase in the use of bismuth-based paints throughout the projected period. As a result, during the projected period, the market for chemicals and advanced materials is anticipated to rise rapidly. The advancement of the product is helping the market to grow.
RESTRAINING FACTORS
"Side Effects of Product to Impede Market Expansion"
Because consumers are becoming more concerned about the negative effects of inorganic substances such oxychloride bismuth in cosmetics, they are using herbal and therapeutic items on a larger scale. It can occasionally lead to skin rashes and flare-ups of acne. Bismuth has a crystalline molecular structure. Using products that include the bismuth oxychloride has caused itching in many users. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.
Bismuth Oxychloride Market Segmentation
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By Types
Based on type, the market is classified into Industrial Grade, Cosmetic Grade & Others.
By Application
Based on application, the market is categorized into Paint & Coating, Mineral Cosmetics & Others.
KEY INDUSTRY PLAYERS
"Leading Manufacturers to Boost Product Demand"
The research provides details on the list of market participants and their activity in the sector. Acquisitions, mergers, technical advancements, collaborations, and increasing production facilities are used to gather and report the information. The companies that produce and introduce new products, the areas where they operate, automation, technology adoption, creating the greatest income, and making a difference with their products are some of the other factors that are looked at for this market.
List of Market Players Profiled
- Basf (Germany)
- Nova Oleochem (India)
- Maiteer (U.S.)
- XinMingzhu Pharma (China)
- EMD (U.S.)
Bismuth Oxychloride Market Regional Insights
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"North America Dominating the Market Across the Globe"
Since this area is the major user of the product, the market for bismuth oxychloride in North America has profited from the region's expanding industrial development and several driving factors that have boosted the potential sectors. The key factor driving the growth of the bismuth oxychloride market share is the rising product demand in the paint & coating, mineral cosmetics sector. Rapid urbanization trends will further strengthen the market as a whole.
REPORT COVERAGE
The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost the bismuth oxychloride market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 39 Million in 2022 |
Market Size Value By |
US$ 50 Million by 2028 |
Growth Rate |
CAGR of 4.3% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the bismuth oxychloride market expected to touch by 2028?
Based on our research, the bismuth oxychloride bismuth oxychloride market is projected to touch USD 50 million by 2028.
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What CAGR is the bismuth oxychloride market expected to exhibit by 2028?
The bismuth oxychloride market is expected to exhibit a CAGR of 4.3% by 2028.
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Which are the driving factors of the bismuth oxychloride market?
Plastic addictive that gives the market extra boost & growth in paints & coating industry to encourage bismuth oxychloride market expansion.
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What is the restraining factor of the bismuth oxychloride market?
Side effects of product to impede bismuth oxychloride market expansion.
