The global bismuth oxide industry is set to embark on a steady growth trajectory, expanding at a 6.9% value CAGR from 2022 to 2032.
Bismuth is a chemical element that is represented using the symbol Bi. Bismuth is a pentavalent chemical that resembles chemically with antimony and arsenic. In the earth’s crust bismuth is twice as abundant as gold. Bismuth oxide is the most important industrial compound manufactured from bismuth. Elemental bismuth occurs naturally and is a free element that is 86% as dense as lead. Bismuth is a brittle metal that is silvery-white in color when produced freshly. However, bismuth turns into a pink tinge mainly after its surface oxidation. Bismuth is one of the most abundantly available diamagnetic elements and thus, has one of the lowest thermal conductivity among other metals. Bismuth metal has its physical properties similar to those of tin and lead.
Bismuth oxide has a common starting point similar to bismuth chemistry. Bismuth oxide is naturally found as the mineral bismite, however, it is also obtained as a by-product from the smelting of lead ores and copper ores. Bismuth trioxide is widely used to manufacture the dragon eggs effects in fireworks as it is a major alternative to lead. Bismuth trioxide is commercially manufactured using bismuth subnitrate. Bismuth subnitrate is manufactured by dissolving bismuth in hot nitric acid. Bismuth oxide is mainly found as a heavy yellow powder. Thus, bismuth is an essential raw material used to manufacture bismuth oxide.
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Bismuth oxide has few commercial application shows ever; none of the applications use bismuth oxide on a large scale. Bismuth oxide is used as an ingredient in the pharmaceutical industry. However, the use of bismuth oxide in dental materials is slowly declining. Compounds such as bismuth oxychloride have a wide range of applications in the cosmetic industry. Bismuth oxide is used as a pigment in manufacturing paints for eye shadows, nail polishes, and hair sprays. The growing cosmetic industry is expected to boost the overall demand for bismuth market. Bismuth oxide is widely used in the manufacturing of several machinery such as automatic sprinkler systems for fires.
Bismuth oxide is used as an alternative to lead and hence, has been used in a range of applications where previously lead was used. Bismuth oxide is mainly used as an alternative to lead especially in the manufacturing of bullets, shots, and other ammunition. Currently, bismuth oxide is being evaluated as a lead replacement in manufacturing free machining brasses especially for plumbing applications. Owing to its low toxicity bismuth oxide is used in the manufacturing of food processing equipment and other copper processing pipes. The growing food industry is expected to drive the overall growth in the demand for bismuth market. Bismuth oxide is also used in the automobile industry.
Asia Pacific is expected to be the leading manufacturer of bismuth oxide. The presence of large-scale bismuth manufacturers in China is expected to further boost the growth of the market. North America and Europe are expected to be the major consumers of bismuth oxide. The growing awareness about the hazardous effect of lead is further expected to augment the overall growth of the market.
Hunan Jinwang Bismuth Industrial Co., Ltd, The Shepherd Chemical Company, and The Kurt J. Lesker Company are among the major participants in the bismuth oxide market. The companies are mainly focused on increasing their production capacity in order to reduce the overall demand-supply gap.
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This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types, and distribution channels.
Key Segments Covered in the Bismuth Oxide Industry Report
Form:
- Powdered Bismuth Oxide
- Other Bismuth Oxide Forms
- Sintered Bismuth Oxide Pieces
- Bismuth Oxide Granules
Application:
- Bismuth Oxide for Optical Glasses
- Bismuth Oxide for Fireworks
- Bismuth Oxide for Electronic Products
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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