Portland, OR -- (SBWire) -- 11/07/2017 --According to the detailed report titled, "Global Bismuth Market- Size, Trend, Share, Opportunity Analysis, and Forecast, 2012-2022", added by Progressive Markets, the global market is projected to grow at a CAGR of 5.0% during the forecast period 2017-2022. The data acquired from extensive research carried out by core industry experts suggest that the total bismuth consumption accounted for 8,513 tons in 2016. By 2022, the total consumption is expected to reach 11,500 tons. The bismuth industry analysis report includes vital statistics, figures, and charts to add credibility to the information provided.
Bismuth is a soft, silvery-white brittle metal when freshly produced, but attains a pink tinge on being oxidized. It displays the highest diamagnetism in comparison to other metals and the second- lowest relative thermal conductivity, after mercury. The salts of the metal have been used as medicinally active ingredients since ages, in addition to the industrial uses.
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Drivers & Restraints:
The global bismuth market is growing at a rapid pace. Bismuth is commonly used in a wide range of applications owing to distinct features such as low toxicity and fewer side effects due to its environment-friendly nature. The tremendous growth in research activities that aim to explore additional uses of bismuth, its physical and chemical traits propel the growth of the market. With a rise in the disposable income of the working-class population in the emerging economies, a growth in demand for pharmaceuticals & cosmetics has been witnessed in the recent years. These factors result in the exponential growth of the bismuth market.
However, despite the numerous advantages of bismuth over the other metals, the commodity market imbalance hampers the market's growth. The imbalance leads to fluctuation in the price, thus impeding the progress of the industry. In addition, the stringent regulations and mandates related to contamination of resources and water footprint monitoring act as the limiting factors.
The report segments the global bismuth industry into two major categories based on the application and the geography. Owing to its diverse properties, bismuth finds applications in numerous sectors. The major applications of the metal include in metallurgical additives, pharmaceuticals & chemicals, fusible alloys, solders, and ammo, and various other industries. Based on the geography, the report analyzes the presence of the market in the regions of Mexico, Canada, Bolivia, Russia, China, and Vietnam. Region-wise bismuth market size and forecast for the period 2012-2022 and the market size by application for the same duration provides a clear view of the current and emerging global trends.
Key Players:
The global bismuth industry report identifies the key players in the market that accounts for the largest market shares. Doe Run Peru, Chenzhou Xiongfeng, Zhuzhou Keneng, Hunan Shizhuyuan, Henan Yuguang, Chihong Zn & Ge, ChinHunan Jintai, 5N Plus, Korea Zinc, Zhuzhou Smelter, China-Tin, Masan Resources, Shanxi Taigu Shengde, Hunan Jinwang, Vital Materials, Jingui Yinye, Yunnan Tin, Toho Zinc, Guixi Grand Sanyuan, and JXTC are some of the leading players profiled in the report.
The company profile and contact details, product information, and the capacity production price cost production value of every profiled player included in the report assist the entry-level organizations and potential stakeholders in planning tactical business moves to gain a strong foothold in the market. This information also helps in gaining a critical insight on the market dominance, winning strategies adopted, and the overall potential of the market in terms of maximum revenue generation.
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Key Benefits:
The report compiles data acquired from extensive research carried out by expert analysts. It includes the bismuth market share analysis for the period 2012-2022 and Porter's Five Forces analysis that studies the effect of the factors such as buyers, sellers, substitutes, new entrants, and competitive rivalry on the dynamics of the market. The study also presents a brief introduction, development, and status of the bismuth industry, along with a detailed overview of the development, analysis, and trends of the manufacturing technology. The market landscape in the report comprises of the analysis of the industry chain structure, upstream raw materials, and the downstream industry. This report is a perfect tool for organizations and stakeholders to gauge the overall attractiveness of the bismuth market in terms of profitability and helps them to capitalize on the most lucrative investment options.
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