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.
High purity boehmite sales are anticipated to increase at a remarkable CAGR of 14.9 % between 2022 and 2032, reaching a valuation of US$ 400 Million by that year. High purity boehmite market is increasingly being used in a variety of applications, which is what is driving the market growth.
High purity boehmite is present in alumino-silicate bedrocks and is further extracted & processed using different methods to make it suitable for numerous commercial applications. These high purity boehmites, which are generally present in very small sizes i.e. as nano-sized particles in a dispersed phase, possess a unique amalgamation of dispersibility, purity, and consistency.
These attributes of high purity boehmite push its use in numerous colloidal applications. High purity boehmites are synthesized under control to produce end products with desired qualities. High purity boehmites are versatile in nature and can be used for a wide range of applications.
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In the commercial marketplace, high purity boehmite is available in different purity levels, such as 99.0%-99.9% purity and above 99.9% purity, of which the former is gaining attraction in numerous applications. Likewise, high purity boehmites are also available in dispersed form, tailor-made to suit various applications.
These high purity boehmites are generally classified as Water dispersible high purity boehmites, acid dispersible high purity boehmites, and surface modified high purity boehmites
High Purity Boehmite: Market Dynamics
It has been found that the sales volume of high purity boehmite has increased in the last few years and the same sales trend is expected to be witnessed during the forecast period. The key force behind this increased sales volume of high purity boehmite is its growing adoption and expanding application universe.
Shift from conventional resources of energy to batteries is one of the prime driving forces increasing the sales of lithium-ion batteries globally, which in turn, is creating substantial revenue sales for high purity boehmite products.
Properties, such as high purity levels, dispersibility, and consistency, have been adding to the growing preference for high purity boehmite as the prime choice of material in numerous applications. The growing use of plastics in different end-use industries will also create substantial demand for high purity boehmite as a plastic additive.
Suppliers & distributors available in the value chain of high purity boehmite are looking forward to collaborating with each other to streamline the downstream flow of the high purity boehmite products. However, expensive processing technology is an important hurdle present in the high purity boehmite market.
Examples of some of the market participants identified across the value chain of the Global High Purity Boehmite are:
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High Purity Boehmite: Segmentation
On the basis of Purity, the High Purity Boehmite can be segmented as:
On the basis of Product type, the High Purity Boehmite can be segmented as:
On the basis of Application, the High Purity Boehmite can be segmented as:
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High Purity Boehmite: Region-Wise Trends
China, along with other South East Asian countries, such as India, ASEAN, and South Korea, will witness high growth during the forecast period. These regions collectively capture the major share of the overall market in terms of volume.
An increase in the number of electric vehicles in this country will create substantial demand for lithium-ion batteries, which will accelerate the overall market of high purity boehmite. North America & Western Europe will also witness substantial demand as these regions are well equipped with enhanced production facilities for lithium-ion batteries.
MEA is home to technologically advanced petrochemical production facilities, which require a significant amount of high purity boehmite as a plastic additive. Latin America & Eastern Europe are turning into low-cost manufacturing centers and will create substantial growth opportunities for the market participants during the forecast period.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 28, 2023
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