Boehmite Market Size, Share & Trend Analysis, By Purity, By Packaging Material, and By Application, Regional Outlook, Competitive Tactics, and Segment Forecast to 2031

Boehmite Market Overview:

As per Reports and Insights Analysis, the boehmite market is expected to grow at a CAGR of 8.0% during the forecast period of 2023 to 2031.

The Reports and Insights team has drafted a market research report on the worldwide market for Boehmite with the objective of identifying the primary market drivers, market trends, challenges, and opportunities that business owners encounter. The report includes the market segmentation forecast, geographic perspective, and recent market developments for the Boehmite market. Additionally, it provides extensive information on market size, market share, industry and product insights, SWOT analysis, Porter's five forces analysis, PESTEL analysis, heat map analysis, market forecast, and prominent market players for the Boehmite market.

 

Boehmite, also termed aluminum oxide hydroxide (AlOOH), is a mineral form of aluminum oxide. It has a high surface area and is commonly used as a raw material for the production of alumina, which is used in the production of aluminum metal. It is also used as catalyst support in the chemical and petrochemical industries, as a pigment in coatings and paints, and as a reinforcing filler in polymers and composites.

A significant rise in demand for high-purity alumina in the construction, aerospace, and automotive industries is likely to drive the global Boehmite market. Furthermore, the increasing use of boehmite-based fillers in polymers and composites is likely to fuel the demand for Boehmite from the aerospace, defense, and electronics industries over the projected period.

Furthermore, the growing use of Boehmite in ceramics and as a support material in catalysts is anticipated to fuel the demand from chemical, petrochemical and healthcare industries during the forecast period.

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Scope of the Report:

Report Metric	Report Details
Market size available for the years	2021-2031
Base year	2022
Forecast Period	2023-2031
Segments Covered	By Purity, By Packaging Material, and By Application, amongst others
Regions Covered	North America The U.S., and Canada Latin America Brazil, Mexico, Argentina, and the Rest of Latin America Asia Pacific China, India, Japan, Australia & New Zealand, ASEAN, and the Rest of Asia Pacific Europe The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, and the Rest of Europe Africa North Africa, Egypt, and the Rest of Africa The Middle East GCC Countries, Israel, and the Rest of the Middle East
Companies Covered	Anhui Estone Material Technology Co., Ltd., Tianjin Boyuan New materials, KC Corporation, PIDC, Sasol Chemicals Company, SILKEM, TOR Minerals, Osang Group, and DEQUACHIM, amongst others

Boehmite Market Dynamics

Market Drivers:

“Growing demand for aluminum from the End-Use Industries”

The increasing demand for aluminum products, such as in the automotive, aerospace, and construction industries, is driving the demand for alumina, which in turn is driving the demand for Boehmite. Boehmite is used as a raw material for the production of high-purity alumina, which is used to produce aluminum metal through the Bayer process. The alumina is then electrolyzed to produce aluminum metal. Hence, the increasing use of boehmite for aluminum manufacturing is likely to fuel the production and sales of boehmite globally during the projected period.

“Rising Demand for Ceramics in Electronics, Healthcare, and Defense Industries”

Boehmite is a key raw material for high-purity alumina used in the production of ceramics, which are used in a variety of industries such as electronics, healthcare, and defense. Therefore, it is anticipated to propel the global boehmite market during the predicted period.

“Growing Demand for Catalysts in the Chemical & Petrochemical Industries”

Boehmite is used as a support material for catalysts in the chemical and petrochemical industries, which are experiencing increasing demand due to the growing global population and industrialization. As a result of this, the market for boehmite is more likely to flourish in the upcoming years.

Market Restraints:

“Fluctuating Prices of Raw Materials & Competition from Alternative Materials”

The prices of raw materials such as bauxite, which is the primary source of boehmite, can fluctuate due to factors such as supply and demand, geopolitical issues, and environmental regulations. This can affect the cost of production and profitability for manufacturers of boehmite. In addition, other materials such as kaolin, silica, and titanium dioxide, which can be used for similar applications, could limit the growth of the boehmite market.

Market Opportunities:

“Growing Demand for High-Purity Alumina and Increasing Demand for Specialty Ceramics”

Increasing demand for high-purity alumina in applications including LED lighting, semiconductors, and lithium-ion batteries will create opportunities for growth in the Boehmite market in the next few years. Moreover, boehmite is used in the production of specialty ceramics such as refractories, catalyst carriers, and electronic ceramics. The growing demand for these specialty ceramics in different end-use industries will create opportunities for growth in the boehmite market over the projected period.

Boehmite Market Segmentation

The boehmite market is segmented based on the following criteria:

By Purity:

• Above 99%
• Below 99%

By Packaging Material:

• Flexible Container Bags
• Plastics Bags

By Application:

• Flame Retardant Fillers

• Printed Circuit Board
• Refractory Materials
• Paints
• Coatings

• Composites
• Abrasives
• Catalysis

By Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East
• Africa

Boehmite Market Regional Outlook

Asia Pacific region accounted for the largest share of the global boehmite market and is expected to continue to dominate the market during the forecast period. This is attributed to the increasing end-use industries such as automotive, construction, and electronics. Moreover, the growing demand for alumina in these industries is likely to contribute to the growth of the global boehmite market.

North America is anticipated to grow significantly in the global market for Boehmite. It is attributed to the strong automotive market and growing demand for high-purity alumina that is expected to expand the boehmite market in the region.

Recent Developments by Key Players:

• In December 2021, Nabaltec AG invested in the mid-double-digit million range to increase its boehmite production capabilities at the Schwandorf location.