Increase in lithium-ion battery separator, and innovations in technology are the key factors that drive the growth of the market. Increasing strategic developments such as partnerships and agreements, intensive RD, and new product development are the key factors contributing to a soaring CAGR of Spherical Boehmite market during forecast period.
According to the current analysis of Reports and Data, the global Spherical Boehmite Market was valued at USD 154.5 Million in 2018 and is expected to reach USD 403.6 Million by year 2028, at a CAGR of 12.9%. The study covers Spherical Boehmites which are used in applications including catalysis, refractory material, sol-gel ceramic, polymer-additives, functional fillers and surface coating. Boehmite is being used as a flame retardant synergist for higher temperature applications. Benefits associated with boehmite such as high-temperature stability up to 340°C, excellent synergist to phosphor and good process ability among others. Thus, stringent regulations coupled with the benefits of halogen-free fillers with boehmite are projected to fuel market demand.
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Top Leading Players: Sasol (South Africa), Nabaltec (Germany), Chalco (China), TOR Minerals (US), Silkem (Slovenia), Tianjin Boyuan New Materials (China), Xuancheng Jingrui New Materials (China), Osang Group (Korea), Dequenne Chimie (Belgium), TAIMEI Chemicals (Japan), Kawai Lime Industry (Japan), and AnHui Estone Material Technology (China) among others.
Further Key Finding from the Report Suggestion:
- Boehmites when dispersed in water result in the formation of a colloidal solution whose pH range from three and five. These water soluble boehmites are used in applications such as sol-gel industrial ceramics, paint coating materials, rheology modifiers, polymer additives, abrasives, refractory materials, catalyst supporter, and as detackifiers for exhaust gas catalytic converters.
- Water dispersible boehmites dominated the market during the forecast period. They are projected to grow at the fastest rates of 10.6% and 13.3% by volume and value respectively during the forecast period.
- Dispersibility of boehmites is affected by a number of factors such as quality of product used, solid content, crystallinity, water quality, pH, ionic strength, and other formulation components.
- Neutral to alkaline dispersible boehmites are majorly used as fillers in the development of polymer composites. They are projected to grow at a CAGR of 11.2% from 2018 to 2028, by value.
- Boehmite is used as an integral part in lithium-ion battery separator, due to its enhanced thermal stability. The application of boehmites in Li-Ion Battery Separator is projected to grow at the highest rate of 13.5%, by value during the forecast period.
- The major applications of Spherical Boehmites in the automotive sectors lie in surface coating of parts and machineries. Automobile surface, parts, and internal machineries need a surface coating to prevent them from rusting excessively. This market is projected to reach USD 88.7 Million by 2028, growing at the highest rate of 13.4%.
- Asia Pacific region have abundant natural resources and labor thus making it a market with huge potential. Automotive and manufacturing have been growing rapidly due to abundance of raw material and easy availability of low-wage skilled labor. Availability of raw materials and a large consumer base drive this market to grow at the fastest rate of 13.8% during the forecast period.
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The global Spherical Boehmite market is segmented into:
Product Type (Value and Volume; 2018–2028)
- Water Dispersible
- Acid Dispersible High
- Neutral To Alkaline Dispersible
- Others
Application (Value and Volume; 2018–2028)
- Li-Ion Battery Separator
- Electronic Ceramics
- Flame Retardant
- Catalysis
- Surface fractioning
- Microcrystalline Ceramics
- Refractory Materials
- Thermoplastics
- Coatings
- Others
End User (Value and Volume; 2018–2028)
- Automotive
- Consumer goods
- Medical, Packaging
- Industrial
- Oil Refineries
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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