According to a new market report published by Lucintel, the future of the bismuth oxychloride market looks promising with opportunities in cosmetic, automotive, pharmaceutical, and paint and coating applications. The global bismuth oxychloride market is expected to grow with a CAGR of 4% from 2020 to 2025. The major drivers for this market are increasing usage of bismuth oxychloride as a pigment in the cosmetic and paint industries and growing government regulations to restrict the use of lead in various end use industries.
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In this market, industrial grade and cosmetic and pharmaceutical grade are the major product types. Lucintel forecasts that cosmetic and pharmaceutical grade will remain the largest product type segment.
Within this market, cosmetics will remain the largest application segment over the forecast period because of the usage of bismuth oxychloride as the main ingredient in various cosmetic products, like blush, powder foundation, eyeshadows, and others.
Asia Pacific will remain the largest region over the forecast period due to increasing expenditure on cosmetics and personal care products and growing urbanization in the region.
Geotech International, BASF, Satyam Pharma-Chem, Uni-Powder, Zhonglan Industry, Ava Chemicals, Omkar Specialty Chemicals, Vital Materials, Hangzhou Rebtech, Nanoshel, and Muby Chemicals are among the major suppliers in the global bismuth oxychloride market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global bismuth oxychloride market by application, product type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Bismuth Oxychloride Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global bismuth oxychloride market by application, product type, and region as follows:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Cosmetics
Automotive
Pharmaceuticals
Paint and Coatings
Others
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Industrial Grade
Cosmetic and Pharmaceutical Grade
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Italy
United Kingdom
Germany
France
China
India
South Korea
Japan
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.