Bismuth oxychloride market
Bismuth Oxychloride Market, 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)
- Mar 2023
- CMI2996
- 155 Pages
- Excel & Pdf
- Advanced Materials
The bismuth oxychloride market was valued at US$ 26.8 Mn in 2022 and is expected to register a CAGR of 5.00%, in terms of revenue over the forecast period (2023-2030), to reach US$ 39.6 Mn by 2030. Key players are focused on the development of cosmetic products that can offer enhanced properties such as better smoothness and whiteness. This in turn is expected to boost 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 a 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 the crystal strength of the formulation. Therefore, the hybrid powder is expected to witness major demand in the bismuth oxychloride market during the forecast period.
Bismuth Oxychloride Market: Growth drivers
Increase in electric vehicles and other body parts
As the prices of petrol and diesel are rising, the demand for electric vehicles is increasing. Countries are trying to reduce carbon emissions. Bismuth oxychloride is widely used in automotive industries for paintings. An increase in electric vehicles and other body parts will boost the growth of bismuth oxychloride in the automotive market.
Demand for plastic materials in many industrial applications
Bismuth oxychloride is used as a pigment or plastic additive in the production of plastic materials such as plastic sheets, furniture, extruder masses, injection molding, and toys for a smooth surface. It is also used in synthetic fibers, hard wax sealants, translucent plastic molding compounds, and solvent-based and water-soluble paints to give a glossy effect. The demand for plastic materials in many industrial applications and the automotive industry is increasing. This will drive the growth of the bismuth oxychloride market.
Bismuth Oxychloride Market: Market Restraints
Side effects of bismuth oxychloride
Cosmetic companies claim that bismuth oxychloride is natural and better on the skin than talc. But the journal which was published by Auctores Online says that talc is more unadulterated, pure, and natural than bismuth oxychloride. Due to the molecular crystalline shape of bismuth oxychloride, it causes acne flare-ups and skin irritation. After using bismuth oxychloride products many have experienced itching. This can restrain the growth of the bismuth oxychloride market.
Bismuth Oxychloride Market: Market Segmentation
Based on end use industry, cosmetics segment held the largest revenue share of 72% in the bismuth oxychloride market in 2022. This is attributed to significant growth in the 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.
Figure 1. Global Bismuth Oxychloride Market, By End User 2022
Bismuth Oxychloride Market: Regional Insights
In 2022, Asia Pacific accounted for the largest revenue share in the global bismuth oxychloride market. Moreover, North America contributed to the second-largest revenue share in the market and recorded a CAGR of 3.7% during the forecast period (2023-2030). The pharmaceutical industry is expected to contribute to the growth of the 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, the growing pharmaceutical industry in the U.S. is expected to drive the growth of the bismuth oxychloride market in North America.
Bismuth Oxychloride Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2022 | Market Size in 2022: | US$ 26.8 Mn |
Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.00% | 2030 Value Projection: | US$ 39.6 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
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. |
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Growth Drivers: |
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Restraints & Challenges: |
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Figure 2. Global Bismuth Oxychloride Market, By Region 2022
Bismuth Oxychloride Market: Recent developments
- On July 3, 2020, the Chenzhou Intermediate people's Court ruled to accept Hunan Jinwang Bismuth Industry Co., Ltd. (referred to as "Jinwang Bismuth Industry"), Hunan Xiangyun Fine Chemical Manufacturing Co., Ltd. (referred to as "Xiangyun Chemical"), Hunan Jinwang rare and valuable Pharmaceutical Co., Ltd. (referred to as "rare Pharmaceutical") merger and restructuring, appointed Beijing Deheng Law firm as its manager.
- On April 11, 2020, Researchers improved the light absorption capacity of BiOCl and promoted the separation and transfer of photogenerated charge by doping, creating vacancies, regulating internal electric fields, supporting co-catalysts, constructing composites with semiconductors, and using sensitizers, thereby the photocatalytic performance of BiOCl is subsequently enhanced.
Bismuth Oxychloride Market: Key companies
Major players operating in the 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.
Definition: 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.
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)
- Report Description
- 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
- Drivers
- Market Dynamics
- Global Bismuth Oxychloride Market, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Industrial Grade
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn & Tons)
- Cosmetics & Pharmaceutical Grade
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn & Tons)
- Introduction
- Global Bismuth Oxychloride Market, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Cosmetics
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn & Tons)
- Automotive
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn & Tons)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn & Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn & Tons)
- Introduction
- Global Bismuth Oxychloride Market, By Region, 2017 - 2030 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, For Region, 2017 - 2030
- North America
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
- U.S.
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Canada
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- U.S.
- Latin America
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
- Brazil
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Argentina
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Mexico
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Rest of Latin America
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Brazil
- Europe
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
- U.K.
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Germany
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- France
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Italy
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Spain
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Russia
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- U.K.
- Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
- China
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- India
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Japan
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- South Korea
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- ASEAN
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Rest of Asia Pacific
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- China
- Middle East & Africa
- Market Share Analysis, By Sub-region, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, By Sub-region, 2017 - 2030
- Middle East
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Africa
- Country/Region Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & Tons)
- Market Size and Forecast, By End use Industry, 2017 - 2030 (US$ Mn & Tons)
- Middle East
- Introduction
- 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
- Geotech International B.V
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 48 market data tables and 32 figures on "Bismuth Oxychloride Market - Global forecast to 2030”.
- 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