Market Overview:
The global bismuth-based alloys market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for bismuth-based alloys in various applications such as construction, manufacturing, and electronics. In addition, the growing demand for lead-free solders is also contributing to the growth of the global bismuth-based alloys market. However, volatility in prices of raw materials used in manufacturing these alloys may restrain the growth of this market during the forecast period. On basis of type, solder segment accounted for majority share in 2017 and is projected to maintain its dominance throughout forecast period owing to its widespread use across various industries such as construction and manufacturing. Bars segment is anticipated witness highest CAGR over next decade on account high adoption rate by end users coupled with increasing demand from Asia Pacific region which offers potential opportunities for key players operating in this space . Ingots are also expected witness healthy growth over next decade due their extensive use across electronics industry coupled with stringent environmental regulations mandating usage lead free products . Needles are witnessing rapid adoption rates particularly across medical devices industry on account benefits offered such as low contact resistance and elimination possibility of cold joints formation .
Product Definition:
A bismuth-based alloy is a metal composed of bismuth and one or more other metals. Bismuth-based alloys are important because they are non-toxic, have a low melting point, and are relatively easy to work with. They are often used in medical devices and children's toys.
Solders:
The global solders market is expected to witness significant growth over the forecast period. It has been a traditional component in most of the alloy formulations and its demand is anticipated to remain steady over the coming years. In addition, it acts as an important element in determining ductility and toughness of bismuth-based alloys.
Bars:
Bars are structural elements that provide mechanical stability to the alloy. Bars can be made from various materials such as iron, nickel, aluminum and titanium among others. The material used in bars depends on the properties required for a particular alloy. For example, aluminum-based alloys require stiff bars while steel-based alloys require flexible bars for proper deformation of components during casting or forging process respectively.
Application Insights:
The construction industry dominated the global bismuth-based alloys market in terms of revenue share in 2017. The product is widely used for its superior mechanical and thermal properties in structural applications such as beams, columns, girders, bridges and roofing systems. It is also used for non-structural applications such as fasteners, nuts and bolts on a commercial scale.
Bismuth has high corrosion resistance which makes it suitable for use in manufacturing products that come into contact with food or beverages including beverage cans and containers along with their lids & closures. It is also extensively used to produce industrial solders that are required to make joints between components during the production process of various consumer goods including refrigerators, washing machines etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries, such as electronics and automotive. In addition, rising construction activities in emerging economies of Asia Pacific are anticipated to propel product demand over the coming years.
The growing manufacturing sector in China on account of low labor costs coupled with easy access to capital is expected to be a key factor driving bismuth-based alloys consumption in this country. Furthermore, India’s domestic market offers tremendous opportunities for industry participants due to rapid industrialization along with favorable government policies promoting investments at a domestic level for development of infrastructure and manufacturing sectors.
Europe accounted for more than 20% share of global volume in 2017 owing its large construction industry presence across countries including Germany, Italy, U K.
Growth Factors:
- Increasing demand for bismuth-based alloys from various end-use industries on account of its superior properties such as high strength, corrosion resistance, and thermal stability.
- Growing popularity of bismuth-based alloys in the medical industry as a biocompatible material owing to its non-toxicity and low reactivity with tissues.
- Rising demand for lightweight and high performance alloys in the transportation sector due to increasing fuel efficiency requirements.
- Growing awareness about the benefits of using bismuth-based alloys over traditional materials in various engineering applications is expected to boost market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bismuth-Based Alloys Market Research Report
By Type
Solders, Bars, Ingots, Needles, Others
By Application
Construction, Manufacturing, Electronics, Others
By Companies
Belmont, Indium Corporation, A-1 Alloys, Goodfellow Corp., Mayer Alloys, Carter Alloys, Ney Metals & Alloys, Mayco Industries, American Elements, RotoMetals, Scientific Alloys, Boway Alloy, AIM Alloys
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Bismuth-Based Alloys Market Report Segments:
The global Bismuth-Based Alloys market is segmented on the basis of:
Types
Solders, Bars, Ingots, Needles, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Manufacturing, Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Belmont
- Indium Corporation
- A-1 Alloys
- Goodfellow Corp.
- Mayer Alloys
- Carter Alloys
- Ney Metals & Alloys
- Mayco Industries
- American Elements
- RotoMetals
- Scientific Alloys
- Boway Alloy
- AIM Alloys
Highlights of The Bismuth-Based Alloys Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solders
- Bars
- Ingots
- Needles
- Others
- By Application:
- Construction
- Manufacturing
- Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bismuth-Based Alloys Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bismuth-based alloys are a type of metal alloy that is made up of bismuth, copper, and other metals. These alloys are often used in products that need to be strong but also have a low weight.
Some of the major companies in the bismuth-based alloys market are Belmont, Indium Corporation, A-1 Alloys, Goodfellow Corp., Mayer Alloys, Carter Alloys, Ney Metals & Alloys, Mayco Industries, American Elements, RotoMetals, Scientific Alloys, Boway Alloy, AIM Alloys.
The bismuth-based alloys market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bismuth-Based Alloys Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Bismuth-Based Alloys Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Bismuth-Based Alloys Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Bismuth-Based Alloys Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Bismuth-Based Alloys Market Size & Forecast, 2020-2028 4.5.1 Bismuth-Based Alloys Market Size and Y-o-Y Growth 4.5.2 Bismuth-Based Alloys Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Solders
5.2.2 Bars
5.2.3 Ingots
5.2.4 Needles
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Manufacturing
6.2.3 Electronics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bismuth-Based Alloys Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bismuth-Based Alloys Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Solders
9.6.2 Bars
9.6.3 Ingots
9.6.4 Needles
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Manufacturing
9.10.3 Electronics
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Solders
10.6.2 Bars
10.6.3 Ingots
10.6.4 Needles
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Manufacturing
10.10.3 Electronics
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Solders
11.6.2 Bars
11.6.3 Ingots
11.6.4 Needles
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Manufacturing
11.10.3 Electronics
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Solders
12.6.2 Bars
12.6.3 Ingots
12.6.4 Needles
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Manufacturing
12.10.3 Electronics
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Solders
13.6.2 Bars
13.6.3 Ingots
13.6.4 Needles
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Manufacturing
13.10.3 Electronics
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bismuth-Based Alloys Market: Competitive Dashboard
14.2 Global Bismuth-Based Alloys Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Belmont
14.3.2 Indium Corporation
14.3.3 A-1 Alloys
14.3.4 Goodfellow Corp.
14.3.5 Mayer Alloys
14.3.6 Carter Alloys
14.3.7 Ney Metals & Alloys
14.3.8 Mayco Industries
14.3.9 American Elements
14.3.10 RotoMetals
14.3.11 Scientific Alloys
14.3.12 Boway Alloy
14.3.13 AIM Alloys