Market Dynamics:

One of the key drivers fueling growth of the global bismuth market is the rising demand from the pharmaceutical industry. Bismuth compounds are widely used in pharmaceutical preparations due to their non-toxic and precipitation properties. Bismuth subsalicylate is a commonly used over-the-counter drug for relieving symptoms of acid indigestion, heartburn and diarrhea. Increasing prevalence of gastrointestinal diseases globally has boosted the demand for bismuth-based antacids. Moreover, bismuth's radiographic opacifying properties allow it to be used as an MRI stomach contrast agent. The metal also exhibits antibacterial effects against Helicobacter pylori bacteria, which causes stomach ulcers. These characteristics are expected to support the growing uptake of bismuth in various medicinal applications over the forecast period.

Key Takeaways

The Global Bismuth Market Size is expected to witness high growth over the forecast period 2023 to 2030.

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