Cosmetics such as blush, powder foundation, eyeshadow, and bronzer include bismuth oxychloride as the principal ingredient.
Facts about the market
In 2019, the global Bismuth Oxychloride Market was worth close to US$ 227 million, and it is expected to grow at a moderate single-digit CAGR in terms of value from 2019 to 2027.
Bismuth, which has properties similar to lead but is less hazardous to humans, is expected to replace lead in a variety of applications. Government laws limiting the use of lead in several end-use industries, including as paints and coatings, alloys, and electronics, are expected to fuel bismuth market expansion. REACH laws and the Environmental Protection Agency's renovation, repair, and painting (RPR) program are examples of such limits imposed by governments in North America and Europe.
To provide ecologically sustainable options, major end-use manufacturers such as BASF SE and PPG Inc. are introducing bismuth-based goods as an alternative to lead-based products. POSCO plans to replace lead-based free machining steel with bismuth-based free machining steel, which has a production capacity of 1.5 million metric tonnes.
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