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US Bismuth Market

ID: MRFR/CnM/15968-HCR
100 Pages
Snehal Singh
October 2025

US Bismuth Market Research Report: By Derivatives (Bismuth Nitrate, Bismuth Oxide, Bismuth Oxychloride, Bismuth Subnitrate, Bismuth Sub Carbonate, Bismuth Aluminate) and By End-Use Industry (Pharmaceutical, Cosmetics, Pigments, Electronics, Automotive, Others) - Forecast to 2035

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US Bismuth Market Infographic
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US Bismuth Market Summary

As per analysis, the US bismuth market is projected to grow from USD 51.6 Million in 2024 to USD 53.91 Million in 2025, exhibiting a compound annual growth rate (CAGR) of 4.47% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US bismuth market is experiencing a dynamic shift driven by innovation and sustainability.

  • The pharmaceutical segment remains the largest contributor to the US bismuth market, primarily due to its extensive use in medical applications.
  • The cosmetics segment is emerging as the fastest-growing area, reflecting a rising consumer preference for eco-friendly products.
  • Bismuth subsalicylate continues to dominate the market, while the medical devices segment is witnessing rapid growth fueled by technological advancements.
  • Key market drivers include the growing use of bismuth in medical applications and increasing regulatory support for sustainable production practices.

Market Size & Forecast

2024 Market Size 51.6 (USD Million)
2035 Market Size 83.49 (USD Million)
CAGR (2025 - 2035) 4.47%

Major Players

American Elements (US), Bismuth of North America (US), Bismuth International (US), Chemalloy Company (US), Hindalco Industries (US), Mitsubishi Materials Corporation (US), Nucor Corporation (US), Teck Resources Limited (US)

US Bismuth Market Trends

The US bismuth market is currently experiencing a notable transformation, driven by increasing demand across various sectors. Bismuth, recognized for its non-toxic properties, is gaining traction in pharmaceuticals, cosmetics, and metal alloys. The growing emphasis on environmentally friendly materials is likely to bolster the market, as industries seek alternatives to lead and other harmful substances. Furthermore, the rise in research and development activities focused on bismuth compounds suggests a potential expansion of applications, particularly in the medical field, where bismuth is utilized in treatments for gastrointestinal disorders. In addition, the US bismuth market appears to be influenced by regulatory frameworks that promote the use of safer materials. This regulatory environment encourages manufacturers to innovate and adapt their processes, potentially leading to enhanced product offerings. As sustainability becomes a priority, the market may witness a shift towards more eco-conscious practices, aligning with broader trends in consumer preferences. Overall, the US bismuth market is poised for growth, with various factors indicating a promising future for this versatile metal.

Rising Demand in Pharmaceuticals

The US bismuth market is witnessing an increase in demand from the pharmaceutical sector. Bismuth compounds are utilized in various medical applications, particularly in treatments for gastrointestinal issues. This trend suggests a growing recognition of bismuth's therapeutic benefits, potentially leading to expanded usage in new formulations.

Shift Towards Eco-Friendly Alternatives

There is a noticeable shift within the US bismuth market towards eco-friendly alternatives. As industries seek to replace toxic materials, bismuth's non-toxic nature positions it as a favorable option. This trend indicates a broader commitment to sustainability and safety in manufacturing processes.

Innovation in Bismuth Applications

The US bismuth market is experiencing innovation in the development of new applications. Research initiatives are exploring bismuth's potential in various fields, including electronics and materials science. This trend highlights the versatility of bismuth and its potential to meet emerging market needs.

Market Segment Insights

By Application: Pharmaceuticals (Largest) vs. Cosmetics (Fastest-Growing)

In the US bismuth market, the application segment is prominently led by pharmaceuticals, which holds a substantial share due to the compound's vital role in various medical applications. Bismuth compounds are widely used in treatments, especially for gastrointestinal ailments, which significantly contribute to their market presence. In contrast, the cosmetics segment, although smaller in market share, has been gaining traction, particularly with the growing trend of incorporating bismuth in beauty products due to its beneficial properties for skin health.

Application: Pharmaceuticals (Dominant) vs. Cosmetics (Emerging)

Pharmaceuticals remain the dominant application in the US bismuth market, attributed to the effectiveness of bismuth compounds like Pepto-Bismol in treating gastrointestinal disorders. The compound's safety profile and multifunctionality in pharmaceuticals bolster its demand. On the other hand, the cosmetics sector is emerging rapidly, driven by a trend towards natural ingredients and the rising popularity of bismuth oxychloride in mineral makeup. Bismuth enhances products by providing a shimmery finish, attracting a youthful demographic. Thus, while pharmaceuticals still lead, cosmetics are positioned for significant growth due to shifting consumer preferences.

By End Use: Bismuth Subsalicylate (Largest) vs. Medical Devices (Fastest-Growing)

In the US bismuth market, the end-use segments showcase a diverse application landscape with Bismuth Subsalicylate leading in market share. This segment is primarily leveraged in pharmaceuticals, particularly for gastrointestinal treatments, resulting in its substantial foothold within the industry. Following closely are Medical Devices, Bismuth Oxychloride, Bismuth Telluride, and Bismuth Alloys, each contributing uniquely to the market's development. As we look into growth trends, the Medical Devices sector is emerging rapidly, fueled by innovations in biomedical applications and an increasing focus on biocompatible materials. Meanwhile, other segments like Bismuth Oxychloride and Bismuth Telluride are also witnessing growth, driven by their use in advanced materials and electronics. This dynamic shift highlights the increasing versatility and importance of bismuth in various applications across the US market.

Bismuth Subsalicylate (Dominant) vs. Medical Devices (Emerging)

Bismuth Subsalicylate is recognized for its pivotal role in the pharmaceutical sector, particularly for its effectiveness in treating diarrhea and other gastrointestinal issues. Its dominance is attributed to a well-established market presence and regulatory approvals ensuring safety and efficacy. Conversely, Medical Devices represent an emerging segment characterized by the growing application of bismuth in innovative technologies such as imaging and surgical instruments. The progressive integration of bismuth-based materials in these devices indicates a strong potential for growth, bolstered by increasing healthcare investments and a shift towards minimally invasive procedures.

By Form: Powder (Largest) vs. Granules (Fastest-Growing)

In the US bismuth market, the form segment is characterized by a diverse array of products including powder, granules, ingots, sheets, and coatings. Among these, the powder form holds the largest market share, favored for its versatile applications in pharmaceuticals and cosmetics. Granules, while smaller in share, are experiencing rapid growth due to their emerging uses in metallurgy and agriculture, reflecting a shifting preference in end-user industries seeking efficiency and effectiveness in material handling. Growth trends in the bismuth form segment indicate increasing demand for innovative applications, particularly in green technologies and medical fields. The rise in environmental awareness is driving the use of bismuth in alternatives to traditional lead materials, pushing granules to the forefront as they find favor in sustainable production processes. The push for more advanced manufacturing techniques is also broadening the scope of granules, making them a pivotal player in the market's evolution.

Powder (Dominant) vs. Coating (Emerging)

The powder form of bismuth has established itself as the dominant player in the market, primarily due to its adaptability across various industries, including electronics, pharmaceuticals, and personal care products. High purity levels and fineness are essential characteristics that make bismuth powder suitable for specialized applications, thereby securing its position in the industry. On the other hand, bismuth coatings are an emerging segment, gaining traction for their corrosion-resistant properties and environmental advantages. As industries increasingly shift towards eco-friendly solutions, bismuth coatings are being explored as viable alternatives, especially in protective applications. This trend is expected to bolster their growth and market presence, making them a crucial focus for manufacturers aiming for sustainability and innovation.

By Purity Level: High Purity (Largest) vs. Reagent Grade (Fastest-Growing)

In the US bismuth market, purity levels play a critical role in the overall demand and application of bismuth products. High Purity bismuth dominates the market, capturing a substantial share due to its use in pharmaceuticals and specialized industrial applications. Following this, Standard Purity and Technical Grade bismuth hold significant yet smaller portions of the market, primarily utilized in less critical applications. Reagent Grade bismuth, while traditionally less significant, is showing notable growth, driven by increasing research and academic usage.

High Purity (Dominant) vs. Reagent Grade (Emerging)

High Purity bismuth is characterized by its exceptional level of purity, making it ideal for high-precision applications such as pharmaceuticals, electronics, and advanced materials. Its dominant market position is fueled by its necessity in critical sectors where quality cannot be compromised. Conversely, Reagent Grade bismuth is gaining traction as an emerging product, largely due to its increasing demand in laboratory settings and research applications. This segment benefits from growing investment in scientific research, highlighting the versatility of bismuth compounds as they are used in various chemical analyses and experiments.

Get more detailed insights about US Bismuth Market

Key Players and Competitive Insights

The bismuth market in the US is characterized by a competitive landscape that is increasingly shaped by innovation, sustainability, and strategic partnerships. Key players such as American Elements (US), Bismuth of North America (US), and Teck Resources Limited (US) are actively pursuing strategies that emphasize technological advancements and eco-friendly practices. These companies appear to be focusing on enhancing their production capabilities while also exploring new applications for bismuth, which is gaining traction in various sectors, including pharmaceuticals and electronics. The collective efforts of these firms contribute to a dynamic environment where competition is not solely based on pricing but also on the ability to deliver high-quality, sustainable products.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing their supply chains to enhance efficiency and reduce costs. The market structure seems moderately fragmented, with several players vying for market share, yet the influence of major companies is palpable. This competitive structure allows for a diverse range of offerings, catering to different customer needs while fostering innovation across the sector.

In November 2025, American Elements (US) announced a partnership with a leading technology firm to develop advanced bismuth-based materials for use in next-generation electronic devices. This strategic move is likely to position American Elements at the forefront of technological innovation, potentially expanding its market reach and enhancing its product portfolio. The collaboration underscores the importance of integrating cutting-edge technology into traditional manufacturing processes, which may yield significant competitive advantages.

In October 2025, Bismuth of North America (US) launched a new line of eco-friendly bismuth compounds aimed at the pharmaceutical industry. This initiative reflects a growing trend towards sustainability and responsible sourcing, which could resonate well with environmentally conscious consumers and businesses. By aligning its product offerings with market demands for greener solutions, Bismuth of North America may strengthen its market position and appeal to a broader customer base.

In September 2025, Teck Resources Limited (US) completed a significant investment in its bismuth production facilities, enhancing operational efficiency and capacity. This investment is indicative of Teck's commitment to maintaining a competitive edge through modernization and increased output. The strategic focus on improving production capabilities may allow Teck to better meet the rising demand for bismuth in various applications, thereby solidifying its role as a key player in the market.

As of December 2025, the competitive trends in the bismuth market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence in production processes. Strategic alliances among companies are shaping the landscape, fostering innovation and collaboration. Looking ahead, it appears that competitive differentiation will evolve, with a notable shift from price-based competition to a focus on innovation, technology, and supply chain reliability. This transition may ultimately redefine how companies position themselves in the market, emphasizing the importance of sustainable practices and advanced technological solutions.

Key Companies in the US Bismuth Market market include

Industry Developments

The US Bismuth Market has seen notable developments recently, particularly in the context of supply and demand dynamics, which remain strong across various industries including pharmaceuticals and electronics. Companies like Teck Resources Limited and BASF continue to innovate in product offerings, capitalizing on the increasing use of bismuth in environmentally friendly applications.

Meanwhile, Alderon Iron Ore Corp and Rare Element Resources Ltd are exploring strategic initiatives to enhance their bismuth extraction capabilities, aligning with the growing emphasis on sustainable mining practices. In relation to mergers and acquisitions, there have been significant movements involving players like Geodrill Limited and Thermo Fisher Scientific, with Geodrill acquiring additional assets in March 2023 to bolster its production lines.

Although there are no large-scale merger announcements involving the other major companies, partnerships that increase competitive advantage in the market have been observed. The market valuation for companies in the US Bismuth Market sector has shown positive growth due to heightened demand for bismuth-based products, influencing investment strategies and operational expansions.

Over the last few years, major developments include a notable contract signed by American Elements in November 2021, reinforcing their position in the industry and contributing to rising interest in bismuth applications.

Future Outlook

US Bismuth Market Future Outlook

The US bismuth market is projected to grow at a 4.47% CAGR from 2024 to 2035, driven by increasing demand in pharmaceuticals, electronics, and metal alloys.

New opportunities lie in:

  • Expansion into biocompatible bismuth compounds for medical applications.
  • Development of eco-friendly bismuth extraction technologies.
  • Strategic partnerships with electronics manufacturers for bismuth-based components.

By 2035, the US bismuth market is expected to achieve robust growth, driven by diverse applications and innovative solutions.

Market Segmentation

US Bismuth Market Form Outlook

  • Powder
  • Granules
  • Ingot
  • Sheet
  • Coating

US Bismuth Market End Use Outlook

  • Medical Devices
  • Bismuth Subsalicylate
  • Bismuth Oxychloride
  • Bismuth Telluride
  • Bismuth Alloys

US Bismuth Market Application Outlook

  • Pharmaceuticals
  • Cosmetics
  • Metallurgy
  • Nuclear Industry
  • Electronics

US Bismuth Market Purity Level Outlook

  • High Purity
  • Standard Purity
  • Technical Grade
  • Reagent Grade

Report Scope

MARKET SIZE 202451.6(USD Million)
MARKET SIZE 202553.91(USD Million)
MARKET SIZE 203583.49(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)4.47% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledAmerican Elements (US), Bismuth of North America (US), Bismuth International (US), Chemalloy Company (US), Hindalco Industries (US), Mitsubishi Materials Corporation (US), Nucor Corporation (US), Teck Resources Limited (US)
Segments CoveredApplication, End Use, Form, Purity Level
Key Market OpportunitiesGrowing demand for bismuth in pharmaceuticals and environmentally friendly applications presents a key opportunity.
Key Market DynamicsRising demand for bismuth in pharmaceuticals and electronics drives competitive dynamics in the US market.
Countries CoveredUS

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FAQs

What is the expected market size of the US Bismuth Market in 2024?

The US Bismuth Market is expected to be valued at 67.0 million USD in 2024.

What is the projected market value of the US Bismuth Market by 2035?

By 2035, the US Bismuth Market is anticipated to reach a valuation of 105.0 million USD.

What is the expected compound annual growth rate (CAGR) of the US Bismuth Market from 2025 to 2035?

The expected CAGR for the US Bismuth Market from 2025 to 2035 is 4.169%.

Who are the key players in the US Bismuth Market?

Major players in the US Bismuth Market include Teck Resources Limited, BASF, Geodrill Limited, and Mitsubishi Materials Corporation among others.

What are the applications of bismuth derivatives in the market?

Bismuth derivatives such as Bismuth Nitrate, Bismuth Oxide, and Bismuth Subnitrate have applications in pharmaceuticals, cosmetics, and electronics.

How much is the Bismuth Nitrate segment valued in 2024 and 2035?

The Bismuth Nitrate segment is valued at 12.0 million USD in 2024 and is expected to grow to 19.0 million USD by 2035.

What is the 2024 market value of Bismuth Oxide in the US Bismuth Market?

The market value of Bismuth Oxide in 2024 is projected to be 15.0 million USD.

As of 2025, how does the market for Bismuth Oxychloride stand?

The Bismuth Oxychloride segment is valued at 10.0 million USD in 2024 and expected to reach 16.0 million USD by 2035.

What challenges does the US Bismuth Market face?

Challenges in the US Bismuth Market may include fluctuating demand and regulatory constraints impacting production.

What is the projected growth for Bismuth Subnitrate from 2024 to 2035?

The Bismuth Subnitrate segment is expected to grow from 18.0 million USD in 2024 to 27.0 million USD by 2035.

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