Hi,
Bitmap2Material was created with Substance Designer, so technically you could create the same filter.
There is a lite version of B2M in Substance Designer, called B2M lite. This will work for most of the cases.
However, B2M provides much more options, so if you want a top quality and control, and don't want to spend days to recreate the same filter, then you should get B2M.
Cheers,
Nicolas