High-Purity Boehmite Market is an aluminium oxide category mineral present in bauxite and alumino-silicate bedrocks. High-purity boehmite is a white coloured powder after being refined from its natural red, and brown, coloured ore.
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According to Market Research Future (MRFR), the global high-purity boehmite market is expected to garner a valuation of USD 220.0 MN by the end of 2023. 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 are 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 catalysts and adsorbents in petroleum refineries and as a raw material for manufacturing of activated alumina. Additional factors that are substantiating the market growth include 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 lower need of 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. 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.
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 large petroleum industry, growing telecom infrastructure.
The high-purity boehmite market in Europe is expected to grow substantially. Europe also possess 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 substantial development of the Chinese and Indian construction industry. The development of large automotive and renewable energy sector in China is a source for growth in the Asia Pacific high-purity boehmite market.
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 the 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 crust has further relegated the market to low profit margins.
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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), TAIMEI CHEMICALS Co., Ltd (Japan), DEQUENNE CHIMIE S.A. (Belgium), Xuan Cheng Jing Rui New Material Co., Ltd (China) among others.
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 a 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.
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