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).. Boehmite is an aluminum oxide hydroxide mineral, which is a component of aluminum ore. It has resistance to high temperatures. Owing to its alluring features and benefits, boehmite is widely used as ceramics, abrasives, refractories, thickeners, polymer additives, coatings, and catalyst supports and many other applications. High-purity boehmite comes in a powdered form that is white in color but often exhibits yellow, brown, red, and green tinges owing to the impurities that it contains.
Various factors are propelling the High-Purity Boehmite Industry. These factors, as per the new MRFR report, include expanding application and growing adoption of high purity boehmite in petrochemical industries, refractory materials, ceramic, wires and cables, and artificial plate, shift to batteries from conventional resources, and increasing use of plastics in various end use industries, growing industrialization and urbanization, inclination towards the utilization of hybrid and electric cars, and growing use as a coating.
On the flip side, the high price of processing may impede the high purity boehmite market growth over the forecast period.
The MRFR report offers an all-inclusive segmental analysis of the high purity boehmite market report on the basis of end use industry, application, and product type.
Based on product type, the high purity boehmite market is segmented into surface-modified dispersible, acid dispersible, and water dispersible. Of these, the water dispersible segment will have the largest share in the market over the forecast period.
Based on application, the high purity boehmite market is segmented into rheology control, polymer additives, microcrystalline ceramics, surface fractioning, flame retardants, electronics ceramics, refractory materials, lithium-ion battery, and others. Of these, the lithium-ion battery segment will dominate the market over the forecast period. This is chiefly due to the burgeoning demand for hybrid and electric cars, which is supported by environment protection and strict regulations to reduce CO2 emissions.
Based on end use industry, the high purity boehmite market is segmented into oil refineries, consumer goods, electronics, construction, automotive, and others. Of these, the automotive segment will lead the market over the forecast period. Infrastructure development in the UK, Germany, and the US and increase in construction activities owing to rapid urbanization as well as industrialization in Brazil, Thailand, and India are accelerating the growth of the segment.
By region, the high purity boehmite market report covers the latest trends and growth opportunities across Europe, the Asia Pacific, North America, and the Middle East and Africa. Of these, the APAC region will spearhead the market over the forecast period. This is chiefly due to the growing adoption of electric cars following the increasing need to limit CO2 emission to protect the environment. Increasing application of high purity boehmite in refractories is adding to the growth of the market.
Europe and North America are predicted to have a positive growth over the forecast period. Factors aiding growth in these regions include high production as well as the sale of electric cars and burgeoning demand for consumer electronics, especially gaming devices, tablets, and smartphones.
The high purity boehmite market in Latin America is predicted to have significant growth over the forecast period chiefly due to economic development in Chile, Argentina, and Brazil and growing industrialization.
The high purity boehmite market in the MEA is predicted to have a healthy growth over the forecast period chiefly due to the presence of oil and gas reserves and an infrastructural hub.
Leading players profiled in the high purity boehmite market report include Xuan Cheng Jing Rui New Material Co., Ltd (China), TAIMEI CHEMICALS Co., Ltd (Japan), Tianjin Boyuan New Materials Co., Ltd (China), DEQUENNE CHIMIE SA (Belgium), Osang Group Co., Ltd (South Korea), Silkem d.o.o. (Slovenia), TOR Minerals (US), CHALCO Shandong Advanced Material Co., Ltd (China), Nabaltec AG (Germany), and Sasol (South Africa).