The Market Reports

Synopsis
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.
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
By Company
Beijing GeoEnviron Engineering and Technology
Henan Jinli Gold and Lead Group
Masan High-Tech Materials
Guixi Dasanyuan Industrial (Group)
5N Plus
Shinning Star Nonferrous Metals
Taigu Shengde nonferrous metals
Fortune Minerals
Vital Advanced Materials
Henan Yuguang Gold and Lead
HuNan YuTeng Nonferrous Metals
Hunan Shizhuyuan Nonferrous Metals
Yanggu Xiangguang Copper
Segment by Type
0.9999
0.99999
Segment by Application
Industry
Medical
Electronic
Cosmetics
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
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.

Index