Global Boehmite Market Report and Forecast 2024-2032

Global Boehmite Market Oulook

The global boehmite market size was approximately USD 265.51 million in 2023. The market is further projected to grow at a CAGR of 14.6% between 2024 and 2032, reaching a value of around USD 923.32 million by 2032.

Key Trends in the Market

Boehmite, a common mineral in bauxite, is a white, somewhat soft basic aluminium oxide that forms dispersed grains or pea-like aggregates. Boehmites occur as nanoparticles in a dispersed phase, giving them a special combination of dispersibility, purity, and consistency. The product is available as a white powder, though impurities may cause it to have hints of green, brown, red, and yellow.

• The rising demand for electric and hybrid vehicles due to government incentives in several countries and strict regulations to reduce carbon emissions expands the demand for lightweight, high-performance lithium-ion batteries, which support the boehmite market demand.

• Major energy storage technologies, such as valve-regulated lead-acid (VRLA) batteries, use boehmite. VRLA batteries are inexpensive, have higher energy efficiency, are very safe,  dependable, and used in many industries, such as the automotive, renewable energy, and telecommunications, hence surging the boehmite market growth.

• Being a sustainable material, boehmite is used in the automotive industry as coatings and as an inexpensive additive in fire-safe polymers or flame retardants. Moreover, the high temperature stability, scratch resistance, excellent stability, high purity, and high thermal stability are driving the use of boehmite in applications like ceramic pigments, sanitaryware, and printed circuit boards (PCBs), among others.

Boehmite Market Segmentation

Based on purity, the market is segmented into high-grade purity (above 99%) and below 99%. On the basis of type, the market can be bifurcated into 0 < D50 < 5um, 5um < D50 < 15um, 15um < D50 < 30um, and D50 > 30um.

Based on application, the market is segmented into Li-ion batteries, electronic ceramics, flame retardants, plastics, and paints and coatings, among others. The major regional markets for boehmite are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global boehmite market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Sasol Limited

• Nabaltec AG

• Chalco Shandong Advanced Material Co, Ltd.

• TOR Minerals International Inc

• Silkem d.o.o.

• Osang Group Co., Ltd.

• DEQUENNE CHIMIE SA

• Tianjin Boyuan New Materials Co., Ltd.

• TAIMEI CHEMICALS Co, Ltd.

• Chalco Qingdao International Trading Co., Ltd. 

• Others

Market Share by Purity

High-grade purity boehmite (above 99%) accounts for a substantial portion of the boehmite market share. High-purity boehmite is considered an eco-friendly material due to its low toxicity and recyclability. With the rising demand for eco-friendly products amid stringent government regulations and growing awareness of environmental issues, the use of high-purity boehmite in several sectors, ranging from packaging to automotive, is substantially rising.

Market Share by Region

As per the boehmite market analysis, the demand for boehmite in the Asia Pacific is significantly rising as the region houses key automotive manufacturing countries, including Japan, South Korea, and China. The presence of renowned manufacturers such as Hyundai Co., Ltd., Honda Motor Company, and Mitsubishi Motors, among others, also supports the market expansion.

China is one of the world's largest producers of lithium-ion batteries. The demand for energy storage systems, hybrid vehicles, and electric vehicles is also propelling the expansion of lithium-ion batteries, which, in turn, positively influences the market for boehmite.

Competitive Landscape

Sasol Limited, founded in 1950, is a multinational energy and chemical firm that incorporates cutting-edge procedures and technology into large-scale operational facilities. In 22 countries, the company sources, manufactures, and distributes a variety of superior products in a safe and sustainable manner. The shares of this company are listed on the Johannesburg Stock Exchange in South Africa and the New York Stock Exchange in the United States with ticker symbol SOL.

Chalco Shandong Advanced Material Co, Ltd., based in Wuxi, Jiangsu Province of China, is a subsidiary of CHINALCO. With three factories, an R&D facility, and a marketing division, the corporation offers a sophisticated organisational structure. The manufacturing of fine alumina, marketing, and research are the company's primary priorities. The company currently has 200 brands spread across 11 series, accounting for 24% of the worldwide market and 52% of the domestic market.

TOR Minerals International Inc, founded in 1973, is a prominent manufacturer and distributor of mineral materials for use as extenders and pigments. The company mainly serves the paint, industrial coating, plastic, and solid surface industries. The company has its shares listed on the NASDAQ Stock Exchange with the ticker symbol TORM (NASDAQ: TORM).

Other players operating in the global boehmite market include Nabaltec AG, Silkem d.o.o., Osang Group Co., Ltd., DEQUENNE CHIMIE SA, Tianjin Boyuan New Materials Co., Ltd., TAIMEI CHEMICALS CO.,LTD., and Chalco Qingdao International Trading Co., Ltd. , among others.

Key Highlights of the Report