Regional Analysis
Global Bismuth Market Regional Insights:
- Asia Pacific is expected to be the largest market for bismuth, accounting for over 38.5% of the market share in 2023. The Asia Pacific region has been the dominant and the fastest-growing region in the bismuth market, owing to the ever-growing industries such as pharmaceuticals, electrical and electronics, automotive, and others.
- Europe is the second-largest market for bismuth, accounting for a market share of 23.0% in 2023. Bismuth market is witnessing favorable growth as the pharmaceutical and cosmetics industries are expanding in Europe, which accelerates sales growth. This is boosting the market growth in the region.
- North America is the third-largest market for bismuth, accounting for a market share of 20.3% in 2023, increasing technological innovations in the pharmaceutical, medical devices, and battery systems in the North America region. This is expected to boost the market growth in this region during the forecast period.
Figure 1. Global Bismuth Market Share (%), By Region, 2023
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa
U.S.: 
U.K. : 
India : 
