Bismuth Market - Growth, Trends, COVID-19 Impact, and Forecasts (2025 - 2030)

The bismuth market is segmented by derivatives (Bismuth Nitrate, Bismuth Oxide, Bismuth Oxychloride, Bismuth Subcarbonate, and other derivatives), end-user industries (pharmaceuticals, automotive, electrical and electronic, cosmetics, and other end-user industries), and geography (Asia-Pacific, North America, Europe, South America, the Middle East, and Africa). The report offers market sizes and forecasts for the bismuth market in revenue (USD million) for all the above segments.

Bismuth Market - Growth, Trends, COVID-19 Impact, and Forecasts (2025 - 2030)

Bismuth Market Size

Bismuth Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Bismuth Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Bismuth Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Bismuth Market Analysis

The Bismuth Market is expected to register a CAGR of greater than 5% during the forecast period.

Because of the global constraints affecting the automotive, cosmetics, and other industries, the COVID-19 pandemic had a substantial impact on the market for bismuth. However, the industry has expanded since 2021, and the market is expected to follow suit throughout the projection period.

  • The growing use of bismuth in the automobile industry to protect brake linings, among other things, from rust coatings is likely to drive market expansion. Furthermore, the widespread use of bismuth in the pharmaceutical industry is projected to drive the market.
  • However, the harm that bismuth consumption causes to the human body is likely to prevent market growth. Furthermore, the industry is projected to be hampered by the limited use of bismuth due to other cost-effective options.
  • The increasing use of bismuth in the battery segment, especially in the electric vehicle market, is likely to act as an opportunity for the market.
  • The Asia-Pacific region dominated the market and is expected to continue doing so in the projected period.

Bismuth Industry Overview

The bismuth market is consolidated in nature with top players acquiring the majority of the market share. The major players in the market include (not in any particular order) 5N Plus, BASF SE, Xianyang Yuehua Bismuth Co., Ltd., Industrias Peñoles, and Merck KGaA, among a few others.

Bismuth Market Leaders

  1. 5N Plus

  2. BASF SE

  3. Xianyang Yuehua Bismuth Co., Ltd.

  4. Industrias Peñoles

  5. Merck KGaA

  6. *Disclaimer: Major Players sorted in no particular order
Bismuth Market Concentration
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Bismuth Market News

  • March 2023: Endo International plc announced that one of their operating companies, Par Pharmaceutical, Inc., began shipping the first generic version of Allergan's Pylera® (bismuth subcitrate potassium, metronidazole, tetracycline hydrochloride) 140 mg, 125 mg and 125 mg capsules in the United States, following final approval from the U.S. Food and Drug Administration of its Abbreviated New Drug Application.
  • March 2022: OFS and Viavi Solutions announced their collaboration on a test and measurement-focused amplifier based on a new OFS Bismuth-doped fiber which could be produced at sufficient volumes to meet the growing demand for 400GbE and 800GbE test applications worldwide.

Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Use of Bismuth in Automobile Industry to Protect Brake Linings
    • 4.1.2 Widespread Use of Bismuth in the Pharmaceutical Industry
  • 4.2 Restraints
    • 4.2.1 Harm Done to the Human Body by Working with Bismuth
    • 4.2.2 Limited Use of Bismuth due to Other Cost-effective Options
  • 4.3 Industry Value-Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Derivatives
    • 5.1.1 Bismuth Nitrate
    • 5.1.2 Bismuth Oxide
    • 5.1.3 Bismuth Oxychloride
    • 5.1.4 Bismuth Subcarbonate
    • 5.1.5 Other Derivatives
  • 5.2 End-user Industry
    • 5.2.1 Pharmaceuticals
    • 5.2.2 Automotive
    • 5.2.3 Electrical and Electronics
    • 5.2.4 Cosmetics
    • 5.2.5 Other End-user Industries
  • 5.3 Geography
    • 5.3.1 Production Analysis
    • 5.3.1.1 Bolivia
    • 5.3.1.2 Bulgaria
    • 5.3.1.3 Canada
    • 5.3.1.4 China
    • 5.3.1.5 Japan
    • 5.3.1.6 Kazakhstan
    • 5.3.1.7 Laos
    • 5.3.1.8 South Korea
    • 5.3.1.9 Mexico
    • 5.3.2 Consumption Analysis
    • 5.3.2.1 Asia-Pacific
    • 5.3.2.1.1 China
    • 5.3.2.1.2 India
    • 5.3.2.1.3 Japan
    • 5.3.2.1.4 South Korea
    • 5.3.2.1.5 Rest of Asia-Pacific
    • 5.3.2.2 North America
    • 5.3.2.2.1 United States
    • 5.3.2.2.2 Canada
    • 5.3.2.2.3 Mexico
    • 5.3.2.3 Europe
    • 5.3.2.3.1 Germany
    • 5.3.2.3.2 United Kingdom
    • 5.3.2.3.3 Italy
    • 5.3.2.3.4 France
    • 5.3.2.3.5 Rest of Europe
    • 5.3.2.4 South America
    • 5.3.2.4.1 Brazil
    • 5.3.2.4.2 Argentina
    • 5.3.2.4.3 Rest of South America
    • 5.3.2.5 Middle-East and Africa
    • 5.3.2.5.1 Saudi Arabia
    • 5.3.2.5.2 South Africa
    • 5.3.2.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share(%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 5N Plus
    • 6.4.2 BASF SE
    • 6.4.3 Fortune Minerals
    • 6.4.4 Hunan Shizhuyuan Nonferrous Metals Co., Ltd
    • 6.4.5 Industrias Peñoles
    • 6.4.6 Merck KGaA
    • 6.4.7 Nui Phao Mining Company Limited
    • 6.4.8 Par Pharmaceutical (Endo International plc)
    • 6.4.9 VIAVI Solutions Inc.
    • 6.4.10 Xianyang Yuehua Bismuth Co., Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Use of Bismuth in Battery Segment, Especially in Electric Vehicles
**Subject to Availability
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Bismuth Industry Segmentation

Bismuth is a brittle metal with a silvery-white color when freshly produced that is used in cosmetics, pigments, and even pharmaceuticals. It is primarily used in the treatment of diarrhea. The bismuth market is segmented by derivatives, end-user industry, and geography (Asia-Pacific, North America, Europe, South America, the Middle East, and Africa). By derivatives, the market is segmented into bismuth nitrate, bismuth oxide, bismuth oxychloride, bismuth subcarbonate, and other derivatives. By end-user industry, the market is segmented into pharmaceuticals, automotive, electrical and electronics, cosmetics, and other end-user industries. The report also covers the market sizes and forecasts for the bismuth market in 15 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Derivatives Bismuth Nitrate
Bismuth Oxide
Bismuth Oxychloride
Bismuth Subcarbonate
Other Derivatives
End-user Industry Pharmaceuticals
Automotive
Electrical and Electronics
Cosmetics
Other End-user Industries
Geography Production Analysis Bolivia
Bulgaria
Canada
China
Japan
Kazakhstan
Laos
South Korea
Mexico
Consumption Analysis Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Frequently Asked Questions

What is the current Bismuth Market size?

The Bismuth Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Bismuth Market?

5N Plus, BASF SE, Xianyang Yuehua Bismuth Co., Ltd., Industrias Peñoles and Merck KGaA are the major companies operating in the Bismuth Market.

Which is the fastest growing region in Bismuth Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Bismuth Market?

In 2025, the Asia-Pacific accounts for the largest market share in Bismuth Market.

What years does this Bismuth Market cover?

The report covers the Bismuth Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Bismuth Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Bismuth Industry Report

Statistics for the 2025 Bismuth market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bismuth analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.