Bismuth oxychloride is an inorganic compound with the formula BiOCI, which finds its applications as a makeup colorant that provides an iridescent (shiny) effect. Moreover, it is utilized in pharmaceutical, automotive, and other industries. Therefore, the growth of these industries is projected to boost the growth of the global bismuth oxychloride market in the near future. According to the International Organization of Motor Vehicle Manufacturers (OICA), global automobile production increased from 94.9 billion units in 2016 to 95.6 billion units in 2018.
Market Dynamics
Among product type, cosmetics & pharmaceutical grade segment held largest revenue share and contributed 80% in the global bismuth oxychloride market in 2022. Whereas, the industrial grade segment is expected to record the fastest growth over the forecast period. Industrial grade bismuth oxychloride finds its applications in end use industries such as wood coating, printing inks, and automotive. The growth of end use industries is likely to drive the growth of the global bismuth oxychloride market in the near future.
Among regions, in 2022, Asia Pacific held a dominant position in the global bismuth oxychloride market and contributed a revenue share of 33% in the global market. According to India Brand Equity Foundation (IBEF), the Indian cosmetics, beauty, and grooming industry was valued at US$ 6.5 billion in 2017 and is expected to reach US$ 20 billion by the end of 2025. This factor is expected to boost the demand for bismuth oxychloride in the cosmetics industry over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global bismuth oxychloride market and provides market size (US$ Mn & Tons) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
- It profiles key players in the global bismuth oxychloride market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include 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
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- The global bismuth oxychloride market report caters to various stakeholders in this industry including investors, suppliers, bismuth oxychloride manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bismuth oxychloride market
Detailed Segmentation:
- Global Bismuth Oxychloride Market, By Product Type:
- Industrial Grade
- Cosmetics & Pharmaceutical Grade
- Global Bismuth Oxychloride Market, By End use Industry:
- Cosmetics
- Automotive
- Pharmaceutical
- Others
- Global Bismuth Oxychloride Market, By Region:
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- Company Profiles
- Geotech International B.V*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- 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
- Muby Chemicals
“*” marked represents similar segmentation in other categories in the respective section.
