Diverse properties of bismuth are helping its sales and the trend regarding the same is set to drive the global bismuth market forward over the coming few years. From 2019 to 2029, TMRR notes that the market would be a hotbed of opportunities, taking the market worth up by a considerable value. This will keep the proactive players on their toes helping the market chart notable growth.
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A number if trends and drivers are also playing a positive role in the overall growth story of the global bismuth market. Used in varied industries, the product is set to witness increasing demand from electronics, electrical, pharmaceuticals, and cosmetics industries.
In cosmetics and personal care industries, significant growth are projected s more people now focus on appearance – an outcome largely attributed to need to look model like on social media. Influencers on these platforms have also set higher, almost unachievable beauty standards for people. This has also moved the normal appearance on a level that demands a large amount of cosmetics and personal care products. Here, it is only pertinent to note that an increasing disposable income, coupled with rising number of women in workforce, is enabling growth in the market further.
In the pharmaceutical industry, it is extensively used in treating gastric ulcers, diarrhea, burns, and other such ailments. The demand for these is expected to increase over the coming period for a number of reasons such as increasing geriatric population and poor lifestyle choices. These will also create a host of gainful avenues in the market landscape.
Some of the top tier players in the global bismuth market include Omkar Speciality Chemicals Ltd., 5N Plus, Hunan Jinwang Bismuth Industry Co., Ltd, Merck KGaA, Nui Phao Mining Joint Venture Co. Ltd, Peñoles, Xianyang Jump Hua Bismuth Industry Co., LTD, and Fortune Minerals Ltd among others.
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