CompareMarketResearchRequest a sample
Home / Chemicals and Materials / Bismuth

Chemicals and Materials · Market report

Bismuth Market Size, Share and Forecast 2026-2036

The global bismuth market is worth USD 477 mn in 2026 and is forecast to reach USD 792 mn by 2036, growing at a 5.2% CAGR. China is the largest country market and Bismuth metal and alloys is the largest by form segment.

USD 477 mnMarket size 2026
USD 792 mnForecast 2036
5.2%CAGR 2026-2036
ChinaLargest country

Request a free sample Jump to the forecast

Report price: Starts from USD 1,999

5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global bismuth market is worth USD 477 mn in 2026 and is forecast to reach USD 792 mn by 2036, growing at a 5.2% CAGR. China is the largest country market and Bismuth metal and alloys is the largest by form segment.

ScopeBismuth metal and bismuth compounds sold for pharmaceuticals, cosmetics, low-melt alloys, solders, pigments and chemical catalysts, measured at the point of sale to industrial buyers.
IndustryChemicals and Materials
Value 2025USD 450 mn
Value 2026USD 477 mn
Value 2036USD 792 mn
CAGR 2026-20365.2%
Volume 202620,784 tonnes
Volume 203628,307 tonnes
Average price 2026USD 22,950 per tonne
Report priceStarts from USD 1,999
PublishedNovember 2026

Request a free sample of this report

Bismuth market size and forecast, 2026-2036

Exhibit 1The global bismuth market is forecast to grow from USD 477 mn in 2026 to USD 792 mn by 2036, a rise of 66%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 5.2%
Bismuth market value, 2025 to 2036Market value by year. 2025: USD 450 mn; 2026: USD 477 mn; 2027: USD 502 mn; 2028: USD 528 mn; 2029: USD 555 mn; 2030: USD 584 mn; 2031: USD 615 mn; 2032: USD 647 mn; 2033: USD 680 mn; 2034: USD 716 mn; 2035: USD 753 mn; 2036: USD 792 mn. Compound annual growth rate 2026 to 2036: 5.2%.2025477 mn2026615 mn2031792 mn20365.2% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 477 mn
2027USD 502 mn
2028USD 528 mn
2029USD 555 mn
2030USD 584 mn
2031USD 615 mn
2032USD 647 mn
2033USD 680 mn
2034USD 716 mn
2035USD 753 mn
2036USD 792 mn

Bismuth market segmentation

By form

Exhibit 2Bismuth metal and alloys is the largest segment by form, with 58.0% of 2026 revenueEstimated share of 2026 global revenue, by form
Bismuth market share by form, 2026Share of 2026 revenue by form. Bismuth metal and alloys: 58.0%; Bismuth subsalicylate and oxides: 24.0%; Bismuth chemicals and pigments: 18.0%.Bismuth metal and alloys58.0%Bismuth subsalicylate and oxides24.0%Bismuth chemicals and pigments18.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Bismuth metal and alloys58.0%56.0%USD 277 mn4.8%
Bismuth subsalicylate and oxides24.0%23.6%USD 114 mn5.0%
Bismuth chemicals and pigments18.0%20.4%USD 86 mn6.5%

By end use

Exhibit 3Pharmaceuticals and cosmetics adds the most revenue by end use, growing from USD 162 mn in 2026 to USD 254 mn by 2036Estimated revenue in USD by end use, 2026 and 2036 forecast
Bismuth market by end use, 2026 and 2036Revenue by end use in 2026 and 2036. Pharmaceuticals and cosmetics: USD 162 mn in 2026, USD 254 mn in 2036, change +56%; Metallurgical additives and alloys: USD 105 mn in 2026, USD 172 mn in 2036, change +64%; Chemicals and catalysts: USD 76 mn in 2026, USD 138 mn in 2036, change +80%; Electronics and solders: USD 67 mn in 2026, USD 126 mn in 2036, change +89%; Pigments and ceramics: USD 38 mn in 2026, USD 60 mn in 2036, change +56%; Other uses: USD 29 mn in 2026, USD 43 mn in 2036, change +49%.20262036 forecastChangePharmaceuticals and cosmetics+56%162 mn254 mnMetallurgical additives and alloys+64%105 mn172 mnChemicals and catalysts+80%76 mn138 mnElectronics and solders+89%67 mn126 mnPigments and ceramics+56%38 mn60 mnOther uses+49%29 mn43 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Pharmaceuticals and cosmetics34.0%32.0%USD 162 mn4.6%
Metallurgical additives and alloys22.0%21.7%USD 105 mn5.1%
Chemicals and catalysts16.0%17.4%USD 76 mn6.1%
Electronics and solders14.0%15.9%USD 67 mn6.6%
Pigments and ceramics8.0%7.5%USD 38 mn4.6%
Other uses6.0%5.4%USD 29 mn4.1%

By source

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Lead-smelter by-product58.0%52.0%USD 277 mn4.1%
Tungsten and copper by-product24.0%26.0%USD 114 mn6.0%
Primary mining and recycling18.0%22.0%USD 86 mn7.3%

By purity grade

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Standard 99.9 percent51.0%47.0%USD 243 mn4.3%
High-purity 99.99 percent34.0%36.0%USD 162 mn5.8%
Ultra-pure 99.999 percent and above15.0%17.0%USD 72 mn6.5%

By supply channel

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Direct long-term contracts44.0%42.0%USD 210 mn4.7%
Traders and distributors41.0%41.0%USD 196 mn5.2%
Spot sales15.0%17.0%USD 72 mn6.5%

Top 25 countries for bismuth by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 84.5% of 2026 revenue and the 25 countries below together hold 96.0%.

Exhibit 4China is the largest country market at USD 134 mn in 2026, and the three largest countries hold 54.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Bismuth market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 134 mn, 28.0%; United States: USD 76 mn, 16.0%; Japan: USD 48 mn, 10.0%; Germany: USD 38 mn, 8.0%; India: USD 29 mn, 6.0%; South Korea: USD 24 mn, 5.0%; France: USD 17 mn, 3.5%; United Kingdom: USD 14 mn, 3.0%; Brazil: USD 12 mn, 2.5%; Italy: USD 12 mn, 2.5%.China134 mn 28.0%United States76 mn 16.0%Japan48 mn 10.0%Germany38 mn 8.0%India29 mn 6.0%South Korea24 mn 5.0%France17 mn 3.5%United Kingdom14 mn 3.0%Brazil12 mn 2.5%Italy12 mn 2.5%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 134 mn28.0%USD 236 mn5.9%
2United StatesUSD 76 mn16.0%USD 119 mn4.5%
3JapanUSD 48 mn10.0%USD 71 mn4.1%
4GermanyUSD 38 mn8.0%USD 57 mn4.1%
5IndiaUSD 29 mn6.0%USD 62 mn8.0%
6South KoreaUSD 24 mn5.0%USD 39 mn5.0%
7FranceUSD 17 mn3.5%USD 25 mn3.9%
8United KingdomUSD 14 mn3.0%USD 21 mn4.1%
9BrazilUSD 12 mn2.5%USD 21 mn5.6%
10ItalyUSD 12 mn2.5%USD 17 mn3.9%
11MexicoUSD 5.5 mn1.2%USD 9.5 mn5.6%
12CanadaUSD 4.8 mn1.0%USD 7.8 mn4.9%
13TaiwanUSD 4.8 mn1.0%USD 7.8 mn4.9%
14SpainUSD 4.4 mn0.9%USD 7.1 mn4.9%
15NetherlandsUSD 3.7 mn0.8%USD 5.9 mn4.9%
16BelgiumUSD 3.7 mn0.8%USD 5.9 mn4.9%
17ThailandUSD 3.7 mn0.8%USD 6.3 mn5.6%
18VietnamUSD 3.3 mn0.7%USD 6.1 mn6.2%
19PolandUSD 3.3 mn0.7%USD 5.7 mn5.5%
20TurkeyUSD 3.3 mn0.7%USD 5.7 mn5.5%
21SwitzerlandUSD 3.0 mn0.6%USD 4.8 mn4.9%
22MalaysiaUSD 3.0 mn0.6%USD 5.1 mn5.5%
23RussiaUSD 3.0 mn0.6%USD 4.8 mn4.9%
24AustraliaUSD 2.6 mn0.5%USD 4.2 mn5.0%
25IndonesiaUSD 2.6 mn0.5%USD 4.8 mn6.3%
Rest of worldUSD 19 mn4.0%USD 33 mn5.5%
Exhibit 5China and United States account for 46% of the USD 315 mn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Bismuth market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 477 mn. China: +USD 102 mn; United States: +USD 42 mn; India: +USD 33 mn; Japan: +USD 24 mn; Germany: +USD 19 mn; 20 other countries: +USD 81 mn; Rest of world: +USD 14 mn. Market value 2036: USD 792 mn.Market value 2026477 mnChina+102 mnUnited States+42 mnIndia+33 mnJapan+24 mnGermany+19 mn20 other countries+81 mnRest of world+14 mnMarket value 2036792 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • 5N Plus
  • Masan High-Tech Materials
  • Korea Zinc
  • Hunan Nonferrous Metals
  • Umicore

Group 2: Regional and specialist players

  • Belmont Metals
  • Industrias Penoles
  • Sidech
  • Nyrstar
  • Dowa Holdings

Group 3: Emerging and niche players

  • Mitsubishi Materials

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the bismuth market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.2% is calculated from the resulting values.

The market is divided by form, by end use, by source, by purity grade, by supply channel. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the bismuth market?

The global bismuth market is estimated at USD 450 mn in 2025 and USD 477 mn in 2026.

How fast will the bismuth market grow?

It is forecast to reach USD 792 mn by 2036, a compound annual growth rate of 5.2% from 2026, an increase of USD 315 mn.

Which country is the largest market for bismuth?

China is the largest market by revenue at USD 134 mn in 2026, 28.0% of the global total. The three largest countries together hold 54.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 8.0% a year from 2026 to 2036.

Which bismuth segment is largest?

In the by form split, Bismuth metal and alloys is the largest segment with 58.0% of 2026 revenue.

Who are the leading bismuth companies?

Global leaders include 5N Plus, Masan High-Tech Materials, Korea Zinc, Hunan Nonferrous Metals.

Need the full report?

Request a sample to see the structure, tables and country detail.

Request a free sample

Related markets in Chemicals and Materials

← Bioplastic Boiler Water Treatment Chemicals →

All Chemicals and Materials markets →

Request a sample