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High-Purity Boehmite Market 2022 Future Trends And Industry Research Report 2030

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High-purity boehmite is an aluminum oxide category mineral present in bauxite and alumino-silicate bedrocks. High-purity boehmite is a white-colored powder after being refined from its natural red, and brown, colored ore.

The high Purity Boehmite Market is projected to be worth USD 401 million by 2030, registering a CAGR of 15.1% during the forecast period (2021–2028). In its recently published analysis, MRFR also asserts that the market would register a CAGR of over 10.0% over the assessment period of 2016–2023. Extensive and growing use as an inexpensive flame retardant in circuit boards, sol-gel ceramics, refractory materials for surface friction generation used in cement and glass production, and as a binder for catalysis is the key application driving the substantial market demand for high-purity boehmite.

Application expanse such as growing adoption as a surface coating and polymer additive is driving a large CAGR growth for the global high-purity boehmite market. Boehmite is also finding expansive applications as a fluid catalytic cracking catalyst and adsorbents in petroleum refineries and as a raw material for the manufacturing of activated alumina. Additional factors that are substantiating the market growth include a growing number of end-user industries and the flourishing construction industry. The development of high surface area boehmite powder is driving a large adoption owing to a lower need for material and cost savings.

The growth of the market is also stimulated by its use in lithium battery coating owing to its high thermal and chemical stability, long lifecycle, and high thermal shrinking. The explosive adoption of electric automobiles is driving a large demand for lithium-ion batteries which in turn is driving the market for high-purity boehmite. Industrialization and urbanization are projected to drive a large expanse of the construction industry, which will positively affect the demand for cement and in turn the global high-purity boehmite market. Other end-user industries driving the market are the lead–acid batteries, telecommunication, automotive, and renewable energy system.

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Global High-Purity Boehmite Market — Segments

The report is segmented into four dynamics to widen the scope of understanding,

By Product Type: Water Dispersible, Acid Dispersible, And Surface Modified Dispersible, among others.

By Application: Lithium-Ion Battery, Refractory Materials, Electronics Ceramics, Flame Retardants, Catalysis, Surface Fractioning, Microcrystalline Ceramics, Polymer Additives, Rheology Control, among others.

By End-use: Automotive, Construction, Electronics, Consumer Goods, Oil Refineries, among others.

By Regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Global High-Purity Boehmite Market — Regional Analysis

North America dominates the global high-purity boehmite market with the largest market share owing to factors such as the large petroleum industry, and growing telecom infrastructure.

The high-purity boehmite market in Europe is expected to grow substantially. Europe also possesses large quantities of high-purity boehmite ores which is substantially driving the market. The proliferating automotive and battery industry of Germany, Italy and Sweden are proving a large impetus to the market growth.

The Asia Pacific high-purity boehmite market is expected to emerge as a promising market owing to the substantial development of the Chinese and Indian construction industries. The development of the large automotive and renewable energy sector in China is a source of growth in the Asia Pacific high-purity boehmite market.

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Global High-Purity Boehmite Market — Competitive Landscape

The high-purity boehmite market is highly fragmented and competitive due to the presence of numerous big and small players. The ore is very cheap, while the transport cost of the bulky material is very high. Thus, the industry has localised players operating at a narrow margin of returns.

However, the expanse of low-cost shipping is expected to change the landscape of the high-purity boehmite market. The market is volumetric with very little product differentiation. The large presence of alumina in the earth's crust has further relegated the market to low-profit margins.

Major Players:

Players leading the global high-purity boehmite market include CHALCO Shandong Advanced Material Co., Ltd (China), Sasol (South Africa), Nabaltec AG (Germany), TOR Minerals (US), Osang Group Co., Ltd (South Korea), Silkem d.o.o. (Slovenia), Tianjin Boyuan New Materials Co., Ltd (China), TAIPEI CHEMICALS Co., Ltd (Japan), DEQUENNE CHIMIE S.A. (Belgium), Xuan Cheng Jing Rui New Material Co., Ltd (China) among others.

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Industry/ Innovation/ Related News:

25 October 2018 — — — Nabaltec AG formed Nabaltec (Shanghai) Trading Co., Ltd., as a wholly-owned subsidiary of Nabaltec AG. According to our analysis, Nabaltec AG is expected to expand its operations in China to corner the electric vehicles sector where boehmite is employed as separator films in lithium-ion batteries. The move is expected to result in shorter delivery times and garner a large market share by establishing a local and increased presence in the Chinese market. The company is further expected to strengthen and extend its presence in China with an eye on its large battery and electric vehicles industry.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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