Increasing environmental laws governing the use of lead in various end-use industries would stimulate demand for bismuth and bismuth-derived compounds. Stringent regulations, as well as activities by prominent manufacturers in end-use industries, are projected to drive bismuth market expansion. In order to create ecologically acceptable product offers, major paints and coatings manufacturers such as BASF SE and PPG Inc. are actively offering bismuth-based products in place of their lead-based portfolio.
The bismuth market in APAC is anticipated to witness higher growth rates due to increasing manufacturing activities in China and India. Increasing environmental laws governing the use of lead in various end-use industries would stimulate demand for bismuth and bismuth-derived compounds. Stringent regulations, as well as activities by prominent manufacturers in end-use industries, are projected to drive bismuth market expansion. In order to create ecologically acceptable product offers, major paints and coatings manufacturers such as BASF SE and PPG Inc. are actively offering bismuth-based products in place of their lead-based portfolio.
Global Bismuth Market: Key trends and driver
Multiple trends and drivers of growth are lining up the global bismuth market landscape, driving it on to a higher growth trajectory. Top factors of growth that are keeping the market buoyant over the forecast period are:
- Increase in demand for cosmetics is leading to a higher demand for bismuth. It is extensively used to give products a pearlescent appearance. Besides, being heavier than talc, it is also used in makeup, particularly in powdered products.
- Social media is a major influence driving the global bismuth market forward by creating a higher standard of beauty as a new normal. This leads people to opt for cosmetics and make-up products, adding notably to growth in the market. It is significant to note here that some of the makeup and beauty influencers have a massive following.
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