BISMUTH OXYCHLORIDE MARKET ANALYSIS

Bismuth Oxychloride MarketSize and Trends

The bismuth oxychloride market was valued at US$ 26.8 Mn in 2022 and is expected to register a CAGR of 5.00%, in terms of revenue over the forecast period (2023-2030), to reach US$ 39.6 Mn by 2030. Key players are focused on the development of cosmetic products that can offer enhanced properties such as better smoothness and whiteness. This in turn is expected to boost demand for bismuth oxychloride. Moreover, key players are also focused on developing hybrid powder technology, in order to offer efficient formulation for cosmetic products providing a number of benefits such as UV-stable pigment technology, good adhesion, and extended wear with a soft satin finish. For instance, BASF offers Chroma-Lite Brown CL4509 cosmetic grade pigment, which is a mixture of mica, BiOCl, yellow iron oxide, and red iron oxide. Such hybrid/composite pigments combine the performance benefits of all ingredients. For instance, mica substrate improves the crystal strength of the formulation. Therefore, the hybrid powder is expected to witness major demand in the bismuth oxychloride market during the forecast period.