Global sales of high purity boehmite are expected to rise at an impressive CAGR of 14.9% during the forecast period between 2022 and 2032, reaching a valuation of USD 400 Million by 2032. Growth in the market is driven by rising usage of high purity boehmite in a wide range of applications.
| Report Attribute | Details |
|---|---|
| High Purity Boehmite Market Projected Valuation (2032) | USD 400 Million |
| High Purity Boehmite Market Projected Growth Rate (2022 to 2032) | 14.9% CAGR |
High purity boehmite belong to the family of aluminium oxide hydroxide minerals. It is usually extracted from alumino-silicate bedrocks by using various techniques, thereby making it suitable for usage in a wide range of applications.
Present in miniature size, high purity boehmite contains a distinctive mixture of consistency, dispersibility, and purity, which makes it suitable for use in various applications across industries like automotive, electronics, and consumer goods.
Commercially, high purity boehmite is available in two forms i.e., 99.0%-99.9% purity and above 99.9% purity. Among these, the 99.0%-99.9% purity boehmite is gaining traction for its numerous applications.
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Rising application of high purity boehmite across various industries such as electronics, automotive, and construction is a major factor providing impetus to the growth of high purity boehmite market.
With rising energy concerns and growing awareness among people, there has been a rapid shift towards renewable energy sources during the last few decades. This has created enormous demand for renewable energy storage technologies like lithium-ion batteries. Driven by this, sales of high purity boehmite are expected to increase at a stellar pace during the forecast period, as it is used as an integral part of Li-ion battery separator.
Similarly, inherent properties of high purity boehmite like consistency, high purity, dispersibility, and versatile nature are encouraging its adoption in various applications, thereby playing a key role in expanding the global high purity boehmite market size.
In addition to this, increasing demand for plastics in various end-use industries is expected to create significant demand for high purity boehmite during the forecast period. this can be attributed to the rising usage of high purity boehmite as a plastic additive.
Despite positive growth projections, there are certain factors that are likely to restrain the growth of high purity boehmite market. Some of these factors include high processing cost of high purity boehmite and availability of alternative materials.
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As per FMI, Asia Pacific is expected to become the fastest growing and the largest market for high purity boehmite during the forecast period, owing to the rapidly growing automobile industry.
Over the years, there has been a rapid surge in the production and sales of electric vehicles across countries like China, South Korea, and India. This is emerging as a key factor in boosting the growth of high purity boehmite market in the Asia Pacific region.
Similarly, rising applications of high purity boehmite in electronics and construction industry will support the growth of the Asia Pacific high purity boehmite market during the forthcoming years.
The high purity boehmite market in Europe is also projected to grow at a steady rate during the forecast period, owing to the increasing usage of high purity boehmite across various industries.
Demand is especially rising across countries like the UK, Germany, and France due to the increasing usage of high purity boehmite in lithium-ion batteries, rising popualrity of electric vehicles, and growing demand for advanced flame retardants.
Moreover, the region is well-equipped with advanced manufacturing facilities for lithium-ion batteries. This factor is set to further drive the demand for high purity boehmite in the Europe market during the forecast period.
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The global high purity boehmite market is moderately competitive. The key players have a well-defined presence in both developing and developed countries. Key players present in high purity boehmite market are Sasol, AnHui Estone Material Technology, TAIMEI Chemicals, Dequenne Chimie, Osang Group, Silkem, Xuancheng Jingrui New Materials, Tianjin Boyuan New Materials, Nabaltec, TOR Minerals, Kawai Lime Industry, among others.
These players are engaging in collaborations and strategic alliances so as to streamline the downstream flow of high purity boehmite products.
| Report Attribute | Details |
|---|---|
| Growth Rate (2022 to 20320 | 14.9% |
| Projected Market Size (2032) | USD 400 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Purity, Product Type, Application, Region |
| Countries Covered | North America (USA., Canada), Latin America (Mexico, Brazil), Western Europe (Germany, Italy, France, UK, Spain), Eastern Europe (Poland, Russia), China, India, SEAP (India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC Countries, S. Africa, Northern Africa) |
| Key Companies Profiled | Sasol; AnHui Estone Material Technology; TAIMEI Chemicals; Dequenne Chimie; Osang Group; Silkem; Xuancheng Jingrui New Materials; Tianjin Boyuan New Materials; Nabaltec; TOR Minerals; Kawai Lime Industry |
| Customization | Available Upon Request |
High purity boehmite market is expected to register a prolific CAGR of 14.9% during the forecast period between 2022 to 2032.
Asia Pacific is expected to lead the market growth of high purity boehmite.
Multiple applications of high purity boehmite, increasing usage in lithium-ion batteries due to accelerated development of automobile industry are positively influencing high purity boehmite market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2022 to 2032 and Forecast, 2022 to 2032 5. Global Market Analysis 2022 to 2032 and Forecast 2022 to 2032, By Purity 5.1. 99.0%-99.9% 5.2. Above 99.9% 6. Global Market Analysis 2022 to 2032 and Forecast 2022 to 2032, By Product Type 6.1. Water Dispersible 6.2. Acid Dispersible High 6.3. Surface Modified High 7. Global Market Analysis 2022 to 2032 and Forecast 2022 to 2032, By Application 7.1. Li-Ion Battery Separator 7.2. Electronic Ceramics 7.3. Flame Retardant 7.4. Catalysis 7.5. Surface Fractioning 7.6. Microcrystalline Ceramics 7.7. Refractory Materials 7.8. Rheology Control 8. Global Market Analysis 2022 to 2032 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2022 to 2032 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2022 to 2032 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2022 to 2032 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2022 to 2032 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2022 to 2032 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. AnHui Estone Material Technology 16.2. Sasol 16.3. Nabaltec 16.4. TOR Minerals 16.5. Kawai Lime Industry 16.6. TAIMEI Chemicals 16.7. Dequenne Chimie 16.8. Osang Group 16.9. Silkem 16.10. Xuancheng Jingrui New Materials 16.11. Tianjin Boyuan New Materials 17. Assumptions & Acronyms Used 18. Research Methodology
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High Purity Boehmite Market
