According to a report by Reports and Data, the global boehmite market is projected to reach USD 719.41 million by 2030 with a Compound Annual Growth Rate (CAGR) of 16.20%. The market growth is expected to be driven by the increasing use of boehmite as a lithium ion battery separator, as a carrier material for catalytic converters, and in cement and glass production. The demand for cement due to increasing construction activities worldwide is also expected to contribute to the market's revenue growth.
Boehmite is a mineral consisting of aluminum oxide hydroxide and is commonly found in tropical laterites and bauxites on aluminosilicate bedrock. Dispersible boehmite is used as a binder for catalysis, in refractory materials, and sol-gel ceramics, among other applications. Boehmite alumina powders are also used for surface coatings and as polymer additives. The use of boehmite in surface coatings offers increased thermal and chemical stability, improving the quality and shelf life of the product. High-purity boehmite is typically white but may have traces of yellow, green, brown, or red owing to impurities.
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The high temperature stability of boehmite has increased its usage in the automotive and electronics sectors, as well as in lithium-ion batteries. The increasing shift towards electric and hybrid vehicles has led to a rise in demand for lithium-ion batteries, which is expected to further fuel the revenue growth of the market. However, the high costs associated with the processing of boehmite to make it suitable for use is expected to limit the market growth to a certain extent over the forecast period.
The report highlights that the water dispersible segment is expected to account for the largest revenue share over the forecast period owing to increasing application of water-soluble boehmites in ceramics, paints and coatings materials, polymer additives, and refractory materials, among others. The Li-ion battery separator segment is also expected to register significant revenue growth over the forecast period due to increasing use of boehmite as a lithium ion battery separator owing to its superior thermal and chemical stability. The Asia Pacific market revenue is expected to register robust revenue CAGR over the forecast period owing to rapid adoption of electric vehicles, increasing number of construction and manufacturing activities due to availability of cost-effective raw materials and labor, and growing presence of key manufacturers in the region.
Some of the key companies in the market include Sasol, Nabaltec AG, CHALCO Shandong Advanced Material Co., Ltd., TOR Minerals, Silkem d.o.o., Osang Group Co., Ltd., DEQUENNE CHIMIE S.A., Tianjin Boyuan New Materials Co., Ltd., TAIMEI CHEMICALS Co., Ltd., and Xuan Cheng Jing Rui New Material Co., Ltd.
The global boehmite market has been segmented on the basis of product type, application, end-use, and region. The product type segment includes water dispersible, acid dispersible high, neutral to alkaline dispersible, and others. The application segment includes Li-ion battery separator, electronic ceramics, flame retardant, catalysis, surface fractioning, microcrystalline ceramics, refractory materials, thermoplastics, coatings, and others. The end-use segment includes automotive, consumer goods, medical, packaging, industrial, oil refineries, and others. The regional outlook includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Boehmite Market: Drive factors
The boehmite market is expected to experience significant growth over the forecast period, with a projected CAGR of 16.20% and an estimated market size of USD 719.41 million by 2030. The increasing use of boehmite in various applications, such as lithium-ion battery separators, catalytic converters, and in cement and glass production, is expected to drive market revenue growth. Furthermore, the growing demand for cement due to increasing construction activities globally is expected to contribute to revenue growth going forward.
Boehmite, an aluminum oxide hydroxide mineral found in tropical laterites and bauxites, is widely used as a binder for catalysis, as refractory materials, and sol-gel ceramics, among others. Its application in surface coatings offers increased thermal and chemical stability and improves the quality and shelf life of the product. With its high-temperature stability, boehmite is increasingly used in the automotive and electronics sectors as well as in lithium-ion batteries. The increasing shift towards electric and hybrid vehicles has led to a rise in demand for lithium-ion batteries, further contributing to the revenue growth of the market.
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