Bismuth Oxychloride Market to Reach US$ 35.0 Mn by 2027 - Coherent Market Insights

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 . 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. To know the latest trends and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/market-insight/bismuth-oxychloride-market-2996 Browse 48 market data tables* and 33 figures* on "Bismuth Oxychloride Market” - Global forecast to 2027. Key Takeaways of the Market:

• Based on product type, cosmetic & pharmaceutical grade segment dominated the global bismuth oxychloride market and contributed for 83.4% of the revenue share in 2018. The cosmetic industry is expanding rapidly worldwide. According to the 2016 annual report of Cosmetics Europe, the global cosmetics and personal care products industry accounted for US$ 295.05 Bn in 2016, out of which Europe accounted for US$ 87.38 Bn, the U.S. accounted for US$ 72.63 Bn, and China accounted for US$ 46.53 Bn. Demand for bismuth oxychloride from the cosmetic industry is expected to increase, owing to its good filling properties, which in turn is expected to boost growth of global bismuth oxychloride market.
• Asia Pacific accounted for the largest revenue share of 34.4% in the global bismuth oxychloride market in 2018, and is projected to maintain its dominance over the forecast period. This is owing to increasing disposable income that is expected to result in increasing expenditure by customers on personal care and cosmetics products in the region. According to ‘Personal Care & Cosmetics Products Country Guide: Australia’, published by the U.S. Department of Commerce in 2016, Australia’s total personal care and cosmetics market was estimated at US$ 3.4 billion in 2015.This factor is expected to boost the demand for bismuth oxychloride in the region.
• 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