The global Boehmite Market is expected to reach a size of USD 719.41 million by 2030, growing at a compound annual growth rate (CAGR) of 16.20%. The increasing use of boehmite in various applications, such as lithium-ion battery separators, carrier material for catalytic converters, cement and glass production, is expected to drive market revenue growth over the forecast period. Furthermore, the growing demand for cement due to increasing construction activities worldwide is also expected to contribute to revenue growth.
Boehmite is a mineral that contains aluminum oxide hydroxide and is typically found in tropical laterites and bauxites on aluminosilicate bedrock. Dispersible boehmite is extensively used in various applications such as binders for catalysis, refractory materials, and sol-gel ceramics, among others. Boehmite alumina powders are also used as surface coatings and polymer additives. The application of boehmite in surface coatings offers increased thermal and chemical stability, improves the quality and shelf life of the product, and high-purity boehmite is white in color but exhibits traces of yellow, green, brown, or red owing to impurities.
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Boehmite's high temperature stability 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 fuel the revenue growth of the market. However, the high costs associated with the processing of boehmite to make it suitable for use is a key factor expected to restrain market growth to a certain extent over the forecast period.
Some of the key companies operating 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 boehmite market has been growing steadily in recent years, and here are some of the trends that are driving this growth:
- Increasing demand from the ceramics industry: The ceramics industry is one of the largest consumers of boehmite, and the growing demand for ceramic products is driving the growth of the boehmite market. The increasing use of boehmite in the production of high-quality ceramics is expected to continue to drive market growth in the coming years.
- Rising demand for catalysts: Boehmite is also used as a catalyst support in various chemical reactions. With the increasing demand for catalysts in various industries, the demand for boehmite is also expected to rise. The use of boehmite as a catalyst support provides high surface area and excellent thermal stability, which is driving its demand in the market.
- Growing use in coatings: Boehmite is also used in the production of coatings for various applications, including automotive, aerospace, and construction. The increasing demand for high-performance coatings is expected to drive the growth of the boehmite market.
- Growing demand from the Asia-Pacific region: The Asia-Pacific region is the largest consumer of boehmite, and the growing demand from countries such as China, India, and Japan is expected to continue to drive market growth in the coming years. The increasing demand from end-use industries such as ceramics, catalysts, and coatings is driving the growth of the market in the region.
- Technological advancements: The development of new and advanced technologies for the production of boehmite is expected to drive market growth in the coming years. Manufacturers are investing in research and development activities to improve the properties of boehmite and make it suitable for various applications.
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