ID: MRFR/CnM/6580-HCR | February 2021 | Region: Global | 140 pages
High Purity Boehmite Market is projected to register a CAGR of over 10% during the forecast period. It is projected to reach a value of USD 220 million by 2024. High-purity boehmite is an integral component of bauxite and falls under the category of aluminum oxide hydroxide minerals. High-purity boehmite is present in alumino-silicate bedrocks and is further extracted and processed to make it suitable for numerous commercial applications. These high-purity boehmites, which are generally present as nano-sized particles in a dispersed phase, offer a unique amalgamation of dispersibility, purity, and consistency. High-purity boehmite is available in powdered form in white color. It sometimes exhibits green, red, brown, and yellow tinges due to the impurities present in it.
The global high-purity boehmite market has been segmented by product type, application, end-use industry, and region.
Based on product type, the global market has been classified into water dispersible, acid dispersible, and surface modified dispersible.
On the basis of application, the global market has been segregated into lithium-ion battery, refractory materials, electronics ceramics, flame retardants, catalysis, surface fractioning, microcrystalline ceramics, polymer additives, rheology control, and others.
The end-use industry segment of the global high-purity boehmite market includes automotive, construction, electronics, consumer goods, oil refineries, and others.
Some of the key players operating in the global high-purity boehmite market are Sasol (South Africa), Nabaltec AG (Germany), CHALCO Shandong Advanced Material Co., Ltd (China), TOR Minerals (US), Silkem d.o.o. (Slovenia), Osang Group Co., Ltd (South Korea), DEQUENNE CHIMIE S.A. (Belgium), Tianjin Boyuan New Materials Co., Ltd (China), TAIMEI CHEMICALS Co., Ltd (Japan),and Xuan Cheng Jing Rui New Material Co., Ltd (China).
The growth of the global high-purity boehmite market is majorly driven due to its use in lithium battery separator as a coating. The use of high-purity boehmite coating offers high thermal stability, chemical stability, long life, and high heat shrink-ability. Inclination towards the use of electric and hybrid vehicles on account of the stringent government regulations to curb CO2 emissions has resulted in an increased demand for lithium-ion batteries. This, in turn, drives the demand for high-purity boehmite. High-purity boehmite is also used as a refractory material, which is further used in cement and glass production. Industrialization and urbanization across the globe are expected to fuel the growth of the construction industry, which will propel the demand for cement and thus, the growth of the global market. Moreover, refractories resist degradation by corrosive gases, liquids, or solids at elevated temperatures. Since molten glass is highly corrosive, the use of refractories in glass production is increasing, which also fuels the demand for high-purity boehmites. It also finds application in the valve-regulated lead–acid (VRLA) batteries, which are among one of the most important energy storage devices. VRLA batteries are used in automotive, telecommunication, and renewable energy system, among others. These batteries offer advantages such as low cost, high safety, improved energy efficiency, and reliability. Additionally, it is a functional filler, which is used as a carrier material for catalytic converters and as a flame retardant in printed circuit boards. The growth of the electronics industry worldwide is expected to increase the demand for high-purity boehmite during the assessment period.
However, the high cost of the processing technology is expected to hamper the market growth during the review period.
Global High-Purity Boehmite Market Share, by Application, 2017 (%)
Source: MRFR Analysis
The global market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific emerged as the fastest growing market for high-purity boehmite in 2018 owing to the increasing adoption of electric vehicles in the region. This is because of the increasing need for limiting CO2 emission for environment protection. The regional market is expected to witness high growth on account of its increasing application in refractories.
North America and Europe are expected to witness high growth during the forecast period due to the high production and sale of electric vehicles and hybrid vehicles in these regions. The high demand for consumer electronics devices such as smartphones, tablets, and gaming devices is projected to drive the demand for high-purity boehmites during the review period.
The market in Latin America is projected to exhibit significant growth due to industrialization and economic development in Brazil, Argentina, and Chile.
The presence of an infrastructural hub as well as the oil & gas reserves is likely to fuel the demand for high-purity boehmites in the Middle East & Africa.
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product Type, Application, End-Use Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Sasol (South Africa), Nabaltec AG (Germany), CHALCO Shandong Advanced Material Co., Ltd (China), TOR Minerals (US), Silkem d.o.o. (Slovenia), Osang Group Co., Ltd (South Korea), DEQUENNE CHIMIE S.A. (Belgium), Tianjin Boyuan New Materials Co., Ltd (China), TAIMEI CHEMICALS Co., Ltd (Japan),and Xuan Cheng Jing Rui New Material Co., Ltd (China).|
|Key Market Opportunities||The growth of the electronics industry worldwide is expected to increase the demand for high-purity boehmite market|
|Key Market Drivers||Inclination towards the use of electric and hybrid vehicles on account of the stringent government regulations to curb CO2 emissions|
Frequently Asked Questions (FAQ) :
The high-purity boehmite market is projected to grow at a 10% CAGR between 2019-2024.
The high-purity boehmite market is predicted to touch USD 220 million by 2024.
North America is expected to dominate the high-purity boehmite market.
The different end use industries of high-purity boehmite includes oil refineries, consumer goods, electronics, construction, and automotive.
High processing cost may limit market growth.