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2022
Bismuth Oxychloride Market

Bismuth Oxychloride Market by Type (Industrial Grade, Cosmetic Grade and Pharmaceutical Grade), End-User Industry (Pharmaceutical, Oil & Gas, Paints & Coatings and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Feb 2022 | 86 Views
   
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COVID-19

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Bismuth oxychloride is used as a pigment in the paints and cosmetic industries. It is an organic compound. It is primarily used in many powders which are referred as ‘mineral makeup’. Due to its large plate-like structure, it is mostly used in powder foundation, bronzer, blush, and eye shadow. The plate-like structure of bismuth oxychloride provides a light wave interference effect to it. Bismuth oxychloride is rarely found in nature. It is produced by mixing bismuth which is a by-product of copper and lead metal refining with chloride and water. It has a pearlescent appearance and distinct shimmery and white fine powder texture which suits and sets well on the skin.

Hence, it is majorly used in cosmetic products. It is a color additive and hence is used in many products like inks, drugs, automotive paints, and coatings. Bismuth oxychloride is used in many end-user industries like pharmaceutical, personal care, and automotive industries.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

  2020-2030

  Base Year Considered

  2020

  Forecast Period

 

  2021-2030

  Forecast Unit

 

  Value (USD)

  Segments Covered

 

  Type, End-User Industry

 Companies covered

Geotech International B.V, BASF SE, Santa Cruz Biotechnology, Inc., Uni-Powder, Zhonglan Industry Co., Ltd., Omkar Speciality Chemicals, Ava Chemicals Pvt. Ltd., Vital Materials Co., Limited, Hangzhou Rebtech Novel Material Co., Ltd., Nanoshel LLC, Muby Chemicals, Zhejiang XinMingzhu Pharmaceutical Co., Ltd., Haihang Industry Co., Ltd., ORRION CHEMICALS ORGAFORM

 

COVID-19 Impact Analysis

  • Many industries such as automotive, pharmaceutical, oil & gas, paints & coatings were shut down at the time of COVID-19 which decreases the demand for bismuth oxychloride market.
  • The demand for electric vehicles decreased due to the outbreak of COVID-19 as the decline of the electric vehicle sale also affected the bismuth oxychloride market.
  • The demand for cosmetic products decreased due to the outbreak of COVID-19 due to the decline of the cosmetic industry.
  • The global supply chain was disrupted and the demand for bismuth oxychloride decreased in many countries.

Top Impacting Factors

A satin, rich, luster, and luxurious touch is provided by bismuth oxychloride to any metallic and non-metallic surface. Hence, it is used in the paints and coating industry. The growth of the paints and coating industries will drive the growth of the bismuth oxychloride market. As the prices of petrol and diesel are rising, the demand for electric vehicles is increasing. The countries are trying to reduce carbon emission. 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. 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. The herbal alternative of bismuth oxychloride is Xanthohumol which is used in many products such as sunscreen creams, shampoos, and moisturizer creams. Consumers are using herbal alternatives and medicinal products to avoid the side effect of bismuth oxychloride in cosmetics. This factor can restrain the growth of the bismuth oxychloride market. The 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.

Market Trends

  • North America is the second-largest share in the market. The pharmaceutical industry is growing in North America and increasing the demand for bismuth oxychloride in the region of North America.
  • Asia-Pacific also has the largest revenue in the bismuth oxychloride market.
  • The cosmetic sector has the largest revenue in the bismuth oxychloride market. The demand for non-toxic and safe cosmetics is increasing which will fuel up the growth of the bismuth oxychloride market in the cosmetic industry.
  • Key players are adopting strategies such as new product launch, acquisition, expansion, agreement, and partnership for the development of their business and to fulfill the demand of the consumers.
  • The key players enhanced the properties of cosmetic products and developed it to better whiteness and smoothness. This increases the demand for the bismuth oxychloride market.
  •  The players also developed a hybrid technology to offer a good formulation for cosmetic products which benefits such as UV-stable pigment technology, soft satin finish, extended wear, and good adhesion.
  • The company, BASF offers Chroma-Lite Brown CL4509 which is a cosmetic grade pigment made from a mixture of BiOCl, mica, red iron oxide, and yellow iron oxide. This composition of pigments combines the benefits of all the ingredients. The hybrid powder will increase the growth of the bismuth oxychloride market.

Key Benefits of the Report

  • This study presents the analytical depiction of the bismuth oxychloride industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the bismuth oxychloride market share.
  • The current market is quantitatively analyzed from 2019 to 2028 to highlight the bismuth oxychloride market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed bismuth oxychloride  market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Bismuth Oxychloride  Market Report

  • Who are the leading market players active in the bismuth oxychloride market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
By Type
  • Industrial Grade
  • Cosmetic Grade
  • Pharmaceutical Grade
By End-User Industry
  • Pharmaceutical
  • Oil & Gas
  • Paints & Coatings
  • Others
By Region
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • U. S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle-East and Africa
 
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