Market Overview:
Bismuth oxychloride finds application in automotive, cosmetics, personal care, and pharmaceutical. The FDA has approved bismuth oxychloride as a safe product to use in products for the face, eyes, lips and nails. Growth of these industries is expected to boost demand for bismuth oxychloride in the near future.
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Competitive Landscape:
Major players operating in the global bismuth oxychloride market include, Ava Chemicals Pvt. Ltd., BASF SE, Geotech International B.V, Hangzhou Rebtech Novel Material Co., Ltd., Muby Chemicals, Nanoshel LLC, Omkar Speciality Chemicals Ltd., Satyam Pharma-Chem Pvt. Ltd., Uni-Powder, Vital Materials Co., Limited, and Zhonglan Industry Co., Ltd.
Key Market Drivers:
Increasing expenditure on personal care products is expected to propel growth of the global bismuth oxychloride market over the forecast period. For instance, according to Cosmetics Europe, the personal care association, the European cosmetics and personal care market was valued at US$ 97.15 billion at retail sales price in 2019.
Moreover, adoption of bismuth oxychloride in waste management is also expected to aid in growth of the market. For instance, in January 2020, researchers from Lovely Professional University, India, developed a new technology that uses sunlight to degrade toxic liquid waste. The new method developed by the researchers uses sunlight and bismuth oxychloride (BiOCl), a new photocatalyst to purify the toxic chemicals.
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Covid-19 Impact Analysis
Globally, as of 4:52pm CEST, 26 October 2021, there have been 243,857,028 confirmed cases of COVID-19, including 4,953,246 deaths, reported to WHO. As of 25 October 2021, a total of 6,697,607,393 vaccine doses have been administered. Emergence of Covid-19 has led to increasing adoption of personal care products. This in turn is expected to propel growth of the global bismuth oxychloride market.
Key Takeaways
Increasing expenditure on personal care products is expected to propel growth of the global bismuth oxychloride market over the forecast period
There is a major shift in the European economy with the brexit in effect. The U.K exports over 1.2 million cars per year with over half going into the EU. Post brexit, demand and sales could fall by 5 to 10 percent. This in turn may impact demand for bismuth oxychloride.
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Important Features that are under Offering and Key Highlights of the Reports:
– Potential and niche segments/regions exhibiting promising growth.
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
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✤ SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.
✤ Examine the potential and advantages of the global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.
✤ Determine whether market growth is being driven or hampered by trends and factors.
✤ Stakeholders will be able to assess market potential by identifying high-growth categories.
✤ Conduct a strategic analysis of each submarket's growth trends and contribution to the market.
✤ Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.
✤ To develop a strategic profile of the major players and conduct a thorough analysis of their growth strategies.
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✔ In the next seven years, what innovative technology trends should we expect?
✔ Which sub-segment do you believe will grow the fastest over the next few years?
✔ By 2028, which region is predicted to have the largest market share?
✔ What organic and inorganic strategies are businesses employing to gain market share?
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