Global High-Purity Boehmite Market Overview
High-Purity Boehmite Market Size was valued at USD 0.23 billion in 2023. The High-Purity Boehmite industry is projected to grow from USD 0.26 Billion in 2024 to USD 0.70 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.92% during the forecast period (2024 - 2032). The increasing Inclination towards the use of electric and hybrid vehicles on account of the stringent government regulations to curb CO2 emissions are key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
High-Purity Boehmite Market Trends
-
Growing demand for advanced materials with improved properties driving the market growth
High-purity boehmite is used as a raw material for producing advanced ceramics with excellent thermal, mechanical, and electrical properties. The increasing demand for ceramics in various applications, such as electronics, medical, automotive, aerospace, and construction, is driving the growth of the high-purity boehmite market. The use of ceramics in the electronics industry is growing due to the increasing demand for electronic devices such as smartphones, tablets, and laptops. Ceramics are used in electronic devices due to their excellent electrical properties, high thermal stability, and good mechanical properties. Due to their biocompatibility and wear resistance, the medical industry is also driving the demand for ceramics, which are used in various applications such as dental implants, artificial joints, and surgical instruments.
The automotive and aerospace industries are also driving the demand for ceramics due to their excellent heat resistance, wear resistance, and low thermal expansion. Ceramics are used in applications such as engine components, brake pads, and turbine blades in these industries. In the construction industry, ceramics are used in applications such as tiles, sanitaryware, and electrical insulators due to their durability and aesthetic appeal. Thus, driving the High-Purity Boehmite market revenue.
Furthermore, high-purity boehmite is considered an eco-friendly material as it is recyclable and has low toxicity. This makes it an ideal material for various applications in industries where environmental sustainability is a priority. The demand for eco-friendly materials is increasing due to the growing awareness of environmental concerns and the need for sustainable development. Various industries such as construction, packaging, and automotive are shifting towards eco-friendly materials to reduce carbon footprint and comply with environmental regulations. In the construction industry, high-purity boehmite produces eco-friendly materials such as fiber-cement composites, which are highly durable and recyclable. In the packaging industry, high-purity boehmite produces lightweight, eco-friendly packaging materials like paperboard.
Moreover, the automotive industry is also driving the demand for eco-friendly materials, with high-purity boehmite being used to produce lightweight and fuel-efficient vehicles. High-purity boehmite is used in applications such as brake pads and engine components. Its excellent wear resistance and thermal stability makes it an ideal material for eco-friendly vehicles. Therefore, the increasing awareness of environmental concerns and the need for sustainable development is expected to drive the demand for high-purity boehmite in the coming years, as it is an eco-friendly material that can be used in various applications in industries where environmental sustainability is a priority.In June 2023 - TOR Minerals International, Inc. developed another type of high-purity boehmite intended specifically for advanced coatings in industrial and architectural applications. This innovation is tremendous for formidable commercial and residential coatings, too.
High-Purity Boehmite Market Segment Insights
High-Purity Boehmite Product Type Insights
Based on the product type, the High-Purity Boehmite market segmentation includes water dispersible, acid dispersible, and surface modified dispersible. The water dispersible segment dominated the market. Water dispersible high-purity boehmite is widely used as a raw material in various applications such as catalysts, adsorbents, coatings, and additives in the electronics, automotive, and construction industries. The properties of water-dispersible high-purity boehmite, such as its excellent thermal and chemical stability, make it an ideal material for various applications. Moreover, the easy availability and low cost of water dispersible high-purity boehmite have also contributed to its dominance in the market. The increasing demand for eco-friendly and sustainable materials in various industries also drives the growth of the water dispersible high-purity boehmite segment.
Figure 1: High-Purity Boehmite Market by Product Type, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
High-Purity Boehmite Application Insights
Based on the application, the High-Purity Boehmite market segmentation includes lithium-ion batteries, refractory materials, electronics ceramics, flame retardants, catalysis, surface fractioning, microcrystalline ceramics, polymer additives, rheology control, and others. The lithium-ion batteries segment dominated the market. Due to their extensive cycle life and high energy density, lithium-ion batteries are widely used in various applications, such as electric vehicles, consumer electronics, and energy storage systems. High-purity boehmite is used as a raw material for producing cathode materials in lithium-ion batteries, leading to this segment's dominance in the market.
High-Purity Boehmite End-Use Insights
Based on the end-use, the High-Purity Boehmite market segmentation includes Automotive, Construction, Electronics, Consumer Goods, Oil Refineries, and others. The automotive segment dominated the market. High-purity boehmite is widely used in the automotive industry as a raw material for producing catalytic converters, which are used to reduce emissions from combustion engines. The increasing demand for vehicles, coupled with the stringent emission norms set by various governments, has led to the dominance of the automotive segment in the market.
High-Purity Boehmite Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific High-Purity Boehmite market will dominate due to the increasing demand for high-purity boehmite in various end-use applications such as lithium-ion batteries, refractory materials, and electronics ceramics is driving the growth of the market in the region. China is the world's largest producer of lithium-ion batteries, and the increasing demand for electric vehicles and energy storage systems is driving the growth of the lithium-ion battery segment in the high-purity boehmite market. Moreover, China’s High-Purity Boehmite market held the largest market share, and the Indian High-Purity Boehmite market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, the UK, France, Spain, ItalyChina, Japan, India, Australia, South Korea, and Brazil.March 2023: Sasol Announces Expansion of High-Purity Boehmite Production Capacity - In response to the growing demand from ceramic, coating, and catalyst industries, Sasol Ltd has announced its intention to increase its capacity for the production of high-purity boehmite. Sasol is building up a strong position in the specialty chemicals sector as well as investing in future growth.
Figure 2: HIGH-PURITY BOEHMITE MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's High-Purity Boehmite market accounts for the second-largest market share, driven by increasing demand for various end-use applications and the region's expansion of production capacities by key market players. The increasing investment in research and development activities to develop new applications and improve the properties of high-purity boehmite is also expected to drive market growth in the region. Further, the German High-Purity Boehmite market held the largest market share, and the UK High-Purity Boehmite market was the fastest-growing market in the European region.
The North America High-Purity Boehmite Market is anticipated to develop at the fastest CAGR from 2023 to 2032, owing to high demand for various end-use applications such as lithium-ion batteries, refractory materials, and electronics ceramics. The increasing demand for electric vehicles and energy storage systems drives the lithium-ion battery segment's growth in the region's high-purity boehmite market.
High-Purity Boehmite Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the High-Purity Boehmite market, grow even more. Market participants are also undertaking several strategic activities to increase their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The High-Purity Boehmite industry must offer innovative products to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the High-Purity Boehmite industry to benefit clients and increase the market sector. In recent years, the High-Purity Boehmite industry has offered some of the most significant advantages to the market. Major players in the High-Purity Boehmite market, Sasol (South Africa), Nabaltec AG (Germany), CHALCO Shandong Advanced Material Co. Ltd (China), TOR Minerals (US), Silkem d.o.o. (Slovenia), Osang Group Co. Ltd (South Korea), DEQUENNE CHIMIE S.A. (Belgium), Tianjin Boyuan New Materials Co., Ltd (China), TAIMEI CHEMICALS Co. Ltd (Japan), Xuan Cheng Jing Rui New Material Co. Ltd (China), and others, are attempting to increase.
TOR Minerals is a manufacturer of high-performance specialty mineral products used in various applications, including paints and coatings, plastics, adhesives, and construction materials. The company focuses on innovation and sustainability, committed to providing its customers with high-quality products that meet their specific needs. For instance, in March 2021, TOR Minerals announced that it had signed an exclusive licensing agreement with the University of Texas at Austin to develop a new technology for producing high-purity boehmite.
Nabaltec AG is a German company specializing in producing high-performance functional fillers and special alumina products. The company's product portfolio includes high-purity boehmite, used in various applications such as ceramics, refractories, and flame retardants. For instance, in December 2021, Nabaltec AG announced that it had completed the acquisition of an additional production line for high-purity boehmite at its plant in Schwandorf, Germany. The new production line is expected to increase Nabaltec's production capacities by around 2,500 metric tons per year, strengthening the company's position in the high-purity boehmite market.
Key Companies in the High-Purity Boehmite market include
- Sasol (South Africa)
-
Nabaltec AG (Germany)
- CHALCO Shandong Advanced Material Co. Ltd (China)
- TOR Minerals (US)
- Silkem d.o.o. (Slovenia)
- Osang Group Co. Ltd (South Korea)
- DEQUENNE CHIMIE S.A. (Belgium)
- Tianjin Boyuan New Materials Co. Ltd (China)
- TAIMEI CHEMICALS Co. Ltd (Japan)
- Xuan Cheng Jing Rui New Material Co. Ltd (China)
High-Purity Boehmite Industry Developments
In August 2021, I-Minerals Inc. announced the successful production of high-purity alumina (HPA) using its proprietary halloysite to HPA process. The company expects the process to also apply to producing high-purity boehmite.
In March 2021, the University of Texas at Austin and TOR Minerals signed an exclusive licensing agreement to develop a new technology for producing high-purity boehmite. The technology is expected to produce high-purity boehmite with a lower carbon footprint and reduced environmental impact.
In January 2021, Nabaltec AG announced that it had completed the acquisition of a new production line for high-purity boehmite at its plant in Schwandorf, Germany. The new production line is expected to increase the company's production capacities by around 2,500 metric tons per year.January 2023, Spectrum Chemical Mfg. Corp. Launches New Line of High-Purity Boehmite Products – Spectrum Chemical Mfg. Corp has presented a new range of high-purity boehmite products that can be applied for ceramics, paints or catalysts sectors. The improved purity and higher performance take into account those requirements which are more demanding concerning top quality speciality chemicals.
High-Purity Boehmite Market Segmentation
High-Purity Boehmite Product Type Outlook
- Water Dispersible
- Acid Dispersible
- Surface Modified Dispersible
High-Purity Boehmite Application Outlook
- Lithium-Ion Battery
- Refractory Materials
- Electronics Ceramics
- Flame Retardants
- Catalysis
- Surface Fractioning
- Microcrystalline Ceramics
- Polymer Additives
- Rheology Control
- Others
High-Purity Boehmite End-Use Outlook
- Automotive
- Construction
- Electronics
- Consumer Goods
- Oil Refineries
- Others
High-Purity Boehmite Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Report Attribute/Metric |
Details |
Market Size 2023 |
USD 0.23 billion |
Market Size 2024 |
USD 0.26 billion |
Market Size 2032 |
USD 0.70 billion |
Compound Annual Growth Rate (CAGR) |
12.92% (2024-2032) |
Base Year |
2023 |
Market Forecast Period |
2024-2032 |
Historical Data |
2018- 2022 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
ProductType, Application, End-use, and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered |
The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
Sasol (South Africa), Nabaltec AG (Germany), CHALCO Shandong Advanced Material Co. Ltd (China), TOR Minerals (US), Silkem d.o.o. (Slovenia), Osang Group Co. Ltd (South Korea), DEQUENNE CHIMIE S.A. (Belgium), Tianjin Boyuan New Materials Co., Ltd (China), TAIMEI CHEMICALS Co. Ltd (Japan), and Xuan Cheng Jing Rui New Material Co. Ltd (China) |
Key Market Opportunities |
· Environment regulation |
Key Market Dynamics |
· Growing demand for the use of electric and hybrid vehicles · Growing demand for ceramics |
High Purity Boehmite Market Highlights:
Frequently Asked Questions (FAQ) :
The High-Purity Boehmite market size was valued at USD 0.23 Billion in 2023.
The market is projected to grow at a CAGR of 12.92% during the forecast period, 2024-2032.
The key players in the market are Sasol (South Africa), Nabaltec AG (Germany), CHALCO Shandong Advanced Material Co. Ltd (China), TOR Minerals (US), Silkem d.o.o. (Slovenia), Osang Group Co. Ltd (South Korea), DEQUENNE CHIMIE S.A. (Belgium), Tianjin Boyuan New Materials Co., Ltd (China), TAIMEI CHEMICALS Co. Ltd (Japan), and Xuan Cheng Jing Rui New Material Co. Ltd (China).
The water dispersible category dominated the market in 2022.
Automotive had the largest share of the