Industry: Chemical & Material
Published Date: 2025-09-13
Pages: 128 Pages
Report ld: 4502994
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Bismuth Market Size(US$)

CAGR 2025-2031
-7.12%
Market Size,2031
USD 215
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Bismuth was estimated to be worth US$ 376 million in 2024 and is forecast to a readjusted size of US$ 215 million by 2031 with a CAGR of -7.1% during the forecast period 2025-2031.
The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Bismuth cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Bismuth (symbol: Bi) is a brittle, crystalline, post-transition metal with atomic number 83. It is the heaviest stable element in the periodic table's nitrogen group (Group VA). Characterized by its low thermal conductivity, strong diamagnetism (highest among metals), and low melting point (271.5°C), bismuth exhibits a distinctive iridescent oxide layer that gives it a pinkish hue.
Chemically, it is relatively inert under standard conditions but reacts with strong acids and oxidizing agents. Though traditionally labeled as non-radioactive, bismuth has an extraordinarily long alpha decay half-life (~1.9×10¹⁹ years), making it technically radioactive but effectively stable for practical purposes.
Evolution of the supply and demand pattern
The intensification of supply concentration: China's bismuth reserves account for 75% of the global total, and its production share exceeds 80%. Moreover, the main production areas are subject to dual constraints of environmental protection policies (such as the impact of the Central environmental protection inspection team's entry into Hunan in 2024 on raw material supply) and export controls (such as the restrictions on the export of bismuth metal products in 2025), which will further intensify the global supply tightness in the short term.
Diversified expansion of demand
Emerging industry-driven: The demand for high-purity bismuth in fields such as photovoltaic welding strips, semiconductor materials, and superconducting research is growing rapidly, with the demand for photovoltaic welding strips accounting for 13%.
The upgrading of the pharmaceutical and electronic industries: The application proportion of high-purity products such as bismuth nitrite and bismuth oxide in the manufacturing of pharmaceuticals (gastrointestinal drugs) and electronic components has been increasing year by year.
Price and market fluctuations
Short-term high price fluctuations: Affected by China's export control, traders' stockpiling and overseas essential demand purchases (European prices rose to 9.5 US dollars per pound), the price of bismuth exceeded 130,000 yuan per ton in 2025. In the future, it may continue to fluctuate with policy adjustments and international supply and demand games.
Long-term cost pressure is emerging: The static reserve-production ratio of global bismuth resources is only 24 years, and the restricted development of main minerals (the decline in the grade of lead and zinc ores) may lead to an increase in raw material costs.
Policies and strategic opportunities
Global supply chain reshaping: The United States and other Western countries rely on China for bismuth supplies (about 66% of the United States' imports come from China), but they have no domestic reserves and the research and development of substitutes lags behind, providing an opportunity for Chinese enterprises to compete for pricing power.
Green transformation promotion: Bismuth, as a "green metal", is gradually replacing toxic materials such as lead and cadmium. Environmental protection policies (such as the EU REACH regulation) will stimulate the penetration of high-purity bismuth in fields such as flame retardants and eco-friendly coatings.
This report aims to provide a comprehensive presentation of the global market for Bismuth, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Bismuth by region & country, by Type, and by Application.
The Bismuth market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bismuth.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Bismuth manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Bismuth in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Bismuth in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
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TABLE OF CONTENTS
1 Market Overview
1.1 Bismuth Product Introduction
1.2 Global Bismuth Market Size Forecast
1.2.1 Global Bismuth Sales Value (2020-2031)
1.2.2 Global Bismuth Sales Volume (2020-2031)
1.2.3 Global Bismuth Sales Price (2020-2031)
1.3 Bismuth Market Trends & Drivers
1.3.1 Bismuth Industry Trends
1.3.2 Bismuth Market Drivers & Opportunity
1.3.3 Bismuth Market Challenges
1.3.4 Bismuth Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Bismuth Players Revenue Ranking (2024)
2.2 Global Bismuth Revenue by Company (2020-2025)
2.3 Global Bismuth Players Sales Volume Ranking (2024)
2.4 Global Bismuth Sales Volume by Company Players (2020-2025)
2.5 Global Bismuth Average Price by Company (2020-2025)
2.6 Key Manufacturers Bismuth Manufacturing Base and Headquarters
2.7 Key Manufacturers Bismuth Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Bismuth
2.9 Bismuth Market Competitive Analysis
2.9.1 Bismuth Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Bismuth Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Bismuth as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 10.4
3.1.2 10.6
3.2 Global Bismuth Sales Value by Type
3.2.1 Global Bismuth Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Bismuth Sales Value, by Type (2020-2031)
3.2.3 Global Bismuth Sales Value, by Type (%) (2020-2031)
3.3 Global Bismuth Sales Volume by Type
3.3.1 Global Bismuth Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Bismuth Sales Volume, by Type (2020-2031)
3.3.3 Global Bismuth Sales Volume, by Type (%) (2020-2031)
3.4 Global Bismuth Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Industry
4.1.2 Medical
4.1.3 Electronic
4.1.4 Cosmetics
4.1.5 Others
4.2 Global Bismuth Sales Value by Application
4.2.1 Global Bismuth Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Bismuth Sales Value, by Application (2020-2031)
4.2.3 Global Bismuth Sales Value, by Application (%) (2020-2031)
4.3 Global Bismuth Sales Volume by Application
4.3.1 Global Bismuth Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Bismuth Sales Volume, by Application (2020-2031)
4.3.3 Global Bismuth Sales Volume, by Application (%) (2020-2031)
4.4 Global Bismuth Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Bismuth Sales Value by Region
5.1.1 Global Bismuth Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Bismuth Sales Value by Region (2020-2025)
5.1.3 Global Bismuth Sales Value by Region (2026-2031)
5.1.4 Global Bismuth Sales Value by Region (%), (2020-2031)
5.2 Global Bismuth Sales Volume by Region
5.2.1 Global Bismuth Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Bismuth Sales Volume by Region (2020-2025)
5.2.3 Global Bismuth Sales Volume by Region (2026-2031)
5.2.4 Global Bismuth Sales Volume by Region (%), (2020-2031)
5.3 Global Bismuth Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Bismuth Sales Value, 2020-2031
5.4.2 North America Bismuth Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Bismuth Sales Value, 2020-2031
5.5.2 Europe Bismuth Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Bismuth Sales Value, 2020-2031
5.6.2 Asia Pacific Bismuth Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Bismuth Sales Value, 2020-2031
5.7.2 South America Bismuth Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Bismuth Sales Value, 2020-2031
5.8.2 Middle East & Africa Bismuth Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Bismuth Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Bismuth Sales Value and Sales Volume
6.2.1 Key Countries/Regions Bismuth Sales Value, 2020-2031
6.2.2 Key Countries/Regions Bismuth Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Bismuth Sales Value, 2020-2031
6.3.2 United States Bismuth Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Bismuth Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Bismuth Sales Value, 2020-2031
6.4.2 Europe Bismuth Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Bismuth Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Bismuth Sales Value, 2020-2031
6.5.2 China Bismuth Sales Value by Type (%), 2024 VS 2031
6.5.3 China Bismuth Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Bismuth Sales Value, 2020-2031
6.6.2 Japan Bismuth Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Bismuth Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Bismuth Sales Value, 2020-2031
6.7.2 South Korea Bismuth Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Bismuth Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Bismuth Sales Value, 2020-2031
6.8.2 Southeast Asia Bismuth Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Bismuth Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Bismuth Sales Value, 2020-2031
6.9.2 India Bismuth Sales Value by Type (%), 2024 VS 2031
6.9.3 India Bismuth Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Beijing GeoEnviron Engineering and Technology
7.1.1 Beijing GeoEnviron Engineering and Technology Company Information
7.1.2 Beijing GeoEnviron Engineering and Technology Introduction and Business Overview
7.1.3 Beijing GeoEnviron Engineering and Technology Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Beijing GeoEnviron Engineering and Technology Bismuth Product Offerings
7.1.5 Beijing GeoEnviron Engineering and Technology Recent Development
7.2 Henan Jinli Gold and Lead Group
7.2.1 Henan Jinli Gold and Lead Group Company Information
7.2.2 Henan Jinli Gold and Lead Group Introduction and Business Overview
7.2.3 Henan Jinli Gold and Lead Group Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Henan Jinli Gold and Lead Group Bismuth Product Offerings
7.2.5 Henan Jinli Gold and Lead Group Recent Development
7.3 Masan High-Tech Materials
7.3.1 Masan High-Tech Materials Company Information
7.3.2 Masan High-Tech Materials Introduction and Business Overview
7.3.3 Masan High-Tech Materials Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Masan High-Tech Materials Bismuth Product Offerings
7.3.5 Masan High-Tech Materials Recent Development
7.4 Guixi Dasanyuan Industrial (Group)
7.4.1 Guixi Dasanyuan Industrial (Group) Company Information
7.4.2 Guixi Dasanyuan Industrial (Group) Introduction and Business Overview
7.4.3 Guixi Dasanyuan Industrial (Group) Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Guixi Dasanyuan Industrial (Group) Bismuth Product Offerings
7.4.5 Guixi Dasanyuan Industrial (Group) Recent Development
7.5 5N Plus
7.5.1 5N Plus Company Information
7.5.2 5N Plus Introduction and Business Overview
7.5.3 5N Plus Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 5N Plus Bismuth Product Offerings
7.5.5 5N Plus Recent Development
7.6 Shinning Star Nonferrous Metals
7.6.1 Shinning Star Nonferrous Metals Company Information
7.6.2 Shinning Star Nonferrous Metals Introduction and Business Overview
7.6.3 Shinning Star Nonferrous Metals Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Shinning Star Nonferrous Metals Bismuth Product Offerings
7.6.5 Shinning Star Nonferrous Metals Recent Development
7.7 Taigu Shengde nonferrous metals
7.7.1 Taigu Shengde nonferrous metals Company Information
7.7.2 Taigu Shengde nonferrous metals Introduction and Business Overview
7.7.3 Taigu Shengde nonferrous metals Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Taigu Shengde nonferrous metals Bismuth Product Offerings
7.7.5 Taigu Shengde nonferrous metals Recent Development
7.8 Fortune Minerals
7.8.1 Fortune Minerals Company Information
7.8.2 Fortune Minerals Introduction and Business Overview
7.8.3 Fortune Minerals Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Fortune Minerals Bismuth Product Offerings
7.8.5 Fortune Minerals Recent Development
7.9 Vital Advanced Materials
7.9.1 Vital Advanced Materials Company Information
7.9.2 Vital Advanced Materials Introduction and Business Overview
7.9.3 Vital Advanced Materials Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Vital Advanced Materials Bismuth Product Offerings
7.9.5 Vital Advanced Materials Recent Development
7.10 Henan Yuguang Gold and Lead
7.10.1 Henan Yuguang Gold and Lead Company Information
7.10.2 Henan Yuguang Gold and Lead Introduction and Business Overview
7.10.3 Henan Yuguang Gold and Lead Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Henan Yuguang Gold and Lead Bismuth Product Offerings
7.10.5 Henan Yuguang Gold and Lead Recent Development
7.11 HuNan YuTeng Nonferrous Metals
7.11.1 HuNan YuTeng Nonferrous Metals Company Information
7.11.2 HuNan YuTeng Nonferrous Metals Introduction and Business Overview
7.11.3 HuNan YuTeng Nonferrous Metals Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 HuNan YuTeng Nonferrous Metals Bismuth Product Offerings
7.11.5 HuNan YuTeng Nonferrous Metals Recent Development
7.12 Hunan Shizhuyuan Nonferrous Metals
7.12.1 Hunan Shizhuyuan Nonferrous Metals Company Information
7.12.2 Hunan Shizhuyuan Nonferrous Metals Introduction and Business Overview
7.12.3 Hunan Shizhuyuan Nonferrous Metals Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Hunan Shizhuyuan Nonferrous Metals Bismuth Product Offerings
7.12.5 Hunan Shizhuyuan Nonferrous Metals Recent Development
7.13 Yanggu Xiangguang Copper
7.13.1 Yanggu Xiangguang Copper Company Information
7.13.2 Yanggu Xiangguang Copper Introduction and Business Overview
7.13.3 Yanggu Xiangguang Copper Bismuth Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Yanggu Xiangguang Copper Bismuth Product Offerings
7.13.5 Yanggu Xiangguang Copper Recent Development
8 Industry Chain Analysis
8.1 Bismuth Industrial Chain
8.2 Bismuth Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Bismuth Sales Model
8.5.2 Sales Channel
8.5.3 Bismuth Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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