Bismuth Oxychloride Market Report, by Product Type (Industrial Grade and Cosmetics & Pharmaceutical Grade), by End-Use Industry (Cosmetics, Automotive, Pharmaceutical, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019-2027
- Report code : CMI82996 |
- Industry :
Advanced Materials
- Published On : Aug 2019 |
- Pages : 155 Pages |
- Format :
Bismuth Oxychloride Market – Insights
Bismuth oxychloride is a synthetically prepared white or nearly white amorphous or finely crystalline powder. Bismuth oxychloride is used as a color additive in various products such as drugs, coatings, printing inks, and automotive paints. Major end-use industries for bismuth oxychloride include cosmetics and personal care, pharmaceutical, and automotive. Growth of these industries is expected to increase the demand for bismuth oxychloride in the near future.
According to a report titled 'The Pharmaceutical Industry and Global Health' published by the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA) in 2017, the global pharmaceutical industry is projected to reach US$ 1,430 billion by 2020. Therefore, growth of end-use industries is expected to drive growth of the global bismuth oxychloride market.
Key players are focused on development of cosmetic products that can offer enhanced properties such as better smoothness and whiteness. This in turn is expected to boot demand for bismuth oxychloride. Moreover, key players are also focused on developing hybrid powder technology, in order to offer efficient formulation for cosmetic products providing number of benefits such as UV-stable pigment technology, good adhesion, and extended wear with a soft satin finish. For instance, BASF offers Chroma-Lite Brown CL4509 cosmetic grade pigment, which is a mixture of mica, BiOCl, yellow iron oxide, and red iron oxide. Such hybrid/composite pigments combine the performance benefits of all ingredients. For instance, mica substrate improves crystal strength of the formulation. Therefore, hybrid powder is expected to witness major demand in the global bismuth oxychloride market during the forecast period.
However, bismuth, which is the major raw material required for bismuth oxychloride manufacturing, is a by-product of lead, tin, or copper, extraction process, and is then purified. Purified bismuth is chlorinated to form the pigment bismuth oxychloride, which may contain toxic impurities such as lead that could enter product formulations, in which bismuth oxychloride is used as an additive. As a result, government regulatory authorities have set strict regulations on impurities present in bismuth oxychloride.
According to specific requirements for using bismuth oxychloride as a color additive, Code of Federal Regulations (21CFR73.1162) of the U.S. FDA, bismuth oxychloride should not contain Lead (Pb) more than 20 parts per million (ppm), Arsenic (As) not more than 3ppm, Mercury (Hg) not more than 1 ppm, and volatile matter not more than 0.5%. Therefore, adverse effects due to long-term exposure to bismuth oxychloride, and stringent guidelines by regulatory authorities are expected to hamper the market growth.
The global bismuth oxychloride market was valued at US$ 24.6 Mn in 2018, and is expected to register a CAGR of 4.1%, in terms of revenue over the forecast period (2019-2027), to reach US$ 35.0 Mn by 2027.
Figure 1. Global Bismuth Oxychloride Market Share (%), By Region, 2018
Source: Coherent Market Insights, 2018-19
In 2018, Asia Pacific accounted for the largest revenue share in the global bismuth oxychloride market. Moreover, North America contributed for second largest revenue share in the market and recorded a CAGR of 4.0% during 2019 to 2027. Pharmaceutical industry is expected to contribute to growth of the global bismuth oxychloride market in North America over the forecast period. For instance, according to a report ‘The Pharmaceutical Industry and Global Health’ published by The International Federation of Pharmaceutical Manufacturers & Associations, in 2017, the share of the U.S. in the global pharmaceutical industry is expected to increase from 40.3% in 2015 to 41% in 2020. Therefore, growing pharmaceutical industry in the U.S. is expected to drive growth of the bismuth oxychloride market in North America.
Figure 2. Global Bismuth Oxychloride Market Share (%), By End-Use Industry, 2018
Source: Coherent Market Insights, 2018-19
Based on end-use industry, cosmetics segment held the largest revenue share of 74.9% in the global bismuth oxychloride market in 2018. This is attributing to significant growth in cosmetics industry, which is supported by rising awareness and demand for safe or non-toxic cosmetics. For instance, according to The Ministry of Economy, Trade and Industry (METI), Japan, in 2015, the production of cosmetics was 403.08 in million kilograms in Japan and increased to 434.07 million kilograms in 2017.
Major players operating in the global bismuth oxychloride market are Geotech International B.V, BASF SE, Satyam Pharma-Chem Pvt. Ltd., Uni-Powder, Zhonglan Industry Co., Ltd., Ava Chemicals Pvt. Ltd., Omkar Speciality Chemicals Ltd., Vital Materials Co., Limited, Hangzhou Rebtech Novel Material Co., Ltd., Nanoshel LLC, and Muby Chemicals.
Bismuth oxychloride is an inorganic compound with formula BiOCI, which finds its applications as a makeup colorant that provides an iridescent (shiny) effect. Moreover, it is utilized in pharmaceutical, automotive, and other industries. Therefore, growth of these industries is projected to boost growth of the global bismuth oxychloride market in the near future. According to International Organization of Motor Vehicle Manufacturers (OICA), the global automobile production was increased from 94.9 billion units in 2016 to 95.6 billion units in 2018.
Market Dynamics
Among product type, cosmetics & pharmaceutical grade segment held largest revenue share and contributed 83.4% in global bismuth oxychloride market in 2018. Whereas, industrial grade segment is expected to record fastest growth over the forecast period. Industrial grade bismuth oxychloride finds its applications in end-use industries such as wood coating, printing inks, and automotive. Growth of end-use industries is likely to drive growth of global bismuth oxychloride market in the near future.
Among regions, in 2018, Asia Pacific held dominant position in the global bismuth oxychloride market and contributed revenue share of 34.4% in the global market. According to India Brand Equity Foundation (IBEF), Indian cosmetics, beauty, and grooming industry was valued at US$ 6.5 billion in 2017 and is expected to reach US$ 20 billion by the end of 2025. This factor is expected to boost the demand for bismuth oxychloride from cosmetics industry over the forecast period.
Key features of the study:
- This report provides in-depth analysis of global bismuth oxychloride market and provides market size (US$ Mn & Tons) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
- It profiles key players in the global bismuth oxychloride market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include, Geotech International B.V, BASF SE, Satyam Pharma-Chem Pvt. Ltd., Uni-Powder, Zhonglan Industry Co., Ltd., Ava Chemicals Pvt. Ltd., Omkar Speciality Chemicals Ltd., Vital Materials Co., Limited, Hangzhou Rebtech Novel Material Co., Ltd., Nanoshel LLC, and Muby Chemicals
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- The global bismuth oxychloride market report caters to various stakeholders in this industry including investors, suppliers, bismuth oxychloride manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bismuth oxychloride market
Detailed Segmentation:
- Global Bismuth Oxychloride Market, By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- Global Bismuth Oxychloride Market, By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- Global Bismuth Oxychloride Market, By Region:
- North America
- U.S.
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Canada
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- U.S.
- Latin America
- Brazil
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Argentina
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Mexico
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Rest of Latin America
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Brazil
- Europe
- U.K.
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Germany
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- France
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Italy
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Spain
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Russia
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Rest of Europe
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- U.K.
- Asia Pacific
- China
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- India
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Japan
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- South Korea
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- ASEAN
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Rest of Asia Pacific
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- China
- Middle East & Africa
- Middle East
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Africa
- By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- By End-use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- By Product Type:
- Middle East
- North America
- Company Profiles
- Geotech International B.V*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- BASF SE
- Satyam Pharma-Chem Pvt. Ltd.
- Uni-Powder
- Zhonglan Industry Co., Ltd.
- Ava Chemicals Pvt. Ltd.
- Omkar Speciality Chemicals Ltd.
- Vital Materials Co., Limited
- Hangzhou Rebtech Novel Material Co., Ltd.
- Nanoshel LLC
- Muby Chemicals
- Geotech International B.V*
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Product Type
- Market Snippet By End-use Industry
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- PEST Analysis
- PORTER Analysis
- Bismuth Oxychloride – Production Overview
- Key Industry Trends
- List of Producers
- List of Prospect Buyers
- Global Bismuth Oxychloride Market, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, 2018 and 2027 (%)
- Y-O-Y Growth Analysis, 2019 - 2027
- Segment Trends
- Industrial Grade
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Cosmetics & Pharmaceutical Grade
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Global Bismuth Oxychloride Market, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, 2018 and 2027 (%)
- Y-O-Y Growth Analysis, 2019 - 2027
- Segment Trends
- Cosmetics
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Automotive
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Global Bismuth Oxychloride Market, By Region, 2017 - 2027 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, By Region, 2018 and 2027 (%)
- Y-O-Y Growth Analysis, For Region, 2019 - 2027
- North America
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-O-Y Growth Analysis, By Country, 2019 - 2027
- U.S.
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Canada
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Latin America
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-O-Y Growth Analysis, By Country, 2019 - 2027
- Brazil
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Argentina
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Mexico
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Rest of Latin America
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Europe
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-O-Y Growth Analysis, By Country, 2019 - 2027
- U.K.
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Germany
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- France
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Italy
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Spain
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Russia
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Asia Pacific
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-O-Y Growth Analysis, By Country, 2019 - 2027
- China
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- India
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Japan
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- South Korea
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- ASEAN
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Rest of Asia Pacific
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Middle East & Africa
- Market Share Analysis, By Sub-region, 2018 and 2027 (%)
- Y-O-Y Growth Analysis, By Sub-region, 2019 - 2027
- Middle East
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Africa
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By End-use Industry, 2017 - 2027 (US$ Mn & Tons)
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Geotech International B.V
- Company Overview
- Product Type Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- BASF SE
- Company Overview
- Product Type Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Satyam Pharma-Chem Pvt. Ltd.
- Company Overview
- Product Type Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Uni-Powder
- Company Overview
- Product Type Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Zhonglan Industry Co., Ltd.
- Company Overview
- Product Type Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Ava Chemicals Pvt. Ltd.
- Company Overview
- Product Type Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Omkar Speciality Chemicals Ltd.
- Company Overview
- Product Type Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Vital Materials Co., Limited
- Company Overview
- Product Type Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Hangzhou Rebtech Novel Material Co., Ltd.
- Company Overview
- Product Type Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Nanoshel LLC
- Company Overview
- Product Type Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Muby Chemicals
- Company Overview
- Product Type Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 48 market data tables and 32 figures on "Bismuth Oxychloride Market - Global forecast to 2027”.
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