Los Angeles, CA -- (SBWire) -- 06/03/2019 --Bismuth Vanadate (molecular formula BiVO4), is an inorganic pigment, which imparts a range of greenish shades or greenish yellow shades. Bismuth vanadate exhibits characteristic properties such as high colour strength, high brightness, and high gloss among others. Bismuth vanadate is a non-hazardous inorganic pigment and is manufactured by dissolving bismuth nitrate with sodium vanadate and sodium molybdate in nitric acid, then by precipitation it produces complex mixture of metals. After calcination, it produces crystalline bismuth vanadate. Bismuth vanadate exhibits similar properties as that of other yellowish pigments such as lead chromate pigment.
Growing demand for high performance pigments from the end use industries have resulted in increase in demand for pigments such as bismuth vanadate. Furthermore, regulations prevailing in developed regions such as North America and Europe over the use of lead chromate pigments are expected to in turn drive the demand for bismuth vanadate as an effective alternative. Moreover, the growing demand for bismuth vanadate from end use industries such as plastic and polymer, paint & coatings and others drive the global bismuth vanadate market. Increasing preference for environmentally friendly pigments in order to support the sustainable development are expected to bolster the growth of the global market for bismuth vanadate during the forecast period. Besides these, the higher cost of bismuth vanadate as compared to other alternative pigments, is expected to have a negative impact on the growth of the market.
The global Bismuth Vanadate market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
This report studies the Bismuth Vanadate market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Bismuth Vanadate in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
BASF
Domion Colour Corporation
Dimacolor Industry Group
Heubach
Bruchsaler Farbenfabrik
Harold Scholz
By the product type, the market is primarily split into
Laboratory Grade
Industry Grade
By the end users/application, this report covers the following segments
Rubber and Plastics
Inks
Detergents
Paints and Coatings
Paper
Cosmetics
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Bismuth Vanadate Market Share, Growth, Size, Trends and Forecast by 2025