The global bismuth oxychloride market was valued at US$ 24.6 Mn in 2018, according to Global 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) published by Coherent Market Insights.
The global bismuth oxychloride market is projected to reach US$ 35.0 Mn by 2027, exhibiting a CAGR of 4.1% during the forecast period (2019-2027). Factors such as growing use of bismuth oxychloride in cosmetics industry coupled with its properties such as silky and smooth texture in cosmetics is expected to boost the demand for bismuth oxychloride over the forecast period.
Bismuth oxychloride is primarily used in cosmetic formulations and personal care products including skin care, nail products, cleansing products, fragrances, and hair coloring products. Bismuth oxychloride is used as a filler in cosmetic products as it provides a smooth and silky texture, and a semi-transparent mild luster to skin. It is used by ‘makeup brands’ where bismuth oxychloride are used in product formulations as it reflects light and provides a glowing and high shine effect.
Moreover, bismuth oxychloride can be tinted with other pigments to create different shades. Therefore, it has extensive application as a filler in mineral makeup products such as face powders, foundations, lipsticks, eye shadows, and mascara among others.
However, the U.S. FDA has approved the use of bismuth oxychloride in cosmetics and drugs, though exposure to high concentration of bismuth oxychloride for long-term can cause adverse effects on the skin such as irritation and inflammation. Material Safety Data Sheets (MSDS) provided by bismuth oxychloride manufacturers also state that it can cause irritation to the skin and eye. As a result, consumers are expected to shift their preference to products that do not contain bismuth oxychloride, which is likely to act as major restrain in growth of the global bismuth oxychloride market.
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