Boehmite Market Size to Boost USD 926.1 Million By 2032 | CAGR 14.2% - Published by Emergen Research

The global Boehmite Market size was USD 246.5 Million in 2022 and is expected to register a revenue CAGR of 14.2% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for flame retardants is a major factor driving market revenue growth.

The importance of effective flame-retardant materials has skyrocketed in recent years as industries increasingly focus on fire safety and compliance with stringent regulations. In 2021, the global market of flame retardants reached approximately USD 8.2 billion. The market size is expected to expand by USD 13.6 billion worldwide in 2030. Boehmite has become a crucial ingredient in flame-retardant formulations owing to its outstanding fire-resistant properties.

 The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Drivers of the Boehmite Market :

The boehmite market experiences growth driven by several factors. One significant driver is the increasing demand for boehmite in the ceramics industry. Boehmite serves as a key raw material in the production of advanced ceramics used in applications such as electronic components, refractories, and abrasives. Additionally, the growing use of boehmite as a catalyst support material in petrochemical and chemical processes stimulates market growth. Furthermore, the expanding automotive and construction sectors, particularly in emerging economies, fuel the demand for boehmite-based coatings and composites for their durability and performance-enhancing properties.

Restraints and Challenges

Despite its positive growth trajectory, the boehmite market faces certain restraints and challenges. One challenge is the availability of alternative materials and substitutes that offer similar properties at competitive prices. Additionally, fluctuations in raw material prices, particularly for aluminum ores and precursors, can impact the cost of boehmite production, affecting market dynamics. Moreover, regulatory constraints related to environmental and safety standards pose challenges to market players, requiring compliance with stringent regulations and certifications.

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The report also discusses the key players involved in the market such as:

Sasol Limited, Nabaltec AG, TAIMEI Chemicals Co. Ltd., Dequachim, Osang Group, TOR Minerals, Tianjin BoYuan New Materials Co., Ltd., KC Corporation, Pacific Industrial Development Corporation (PIDC), and SILKEM, d.o.o.

The report provides a thorough estimation of the overall impact of the pandemic on the Boehmite Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Boehmite Market

Boehmite Latest Industry News

06 July 2021, Pacific Industrial Development Corporation (PIDC), a global specialist in chemical manufacturing, has announced the expansion of its operations in Ann Arbor. This involves the acquisition of two new buildings. PIDC has recently completed the enhancement of its main office, which is situated adjacent to its current headquarters. Furthermore, PIDC has initiated the refurbishment of a research center and pilot facility in Ann Arbor. This structure will afford PIDC an additional 50,000 square feet of space for research, laboratories, and storage. This expansion will bolster the company's production capabilities in both Ann Arbor and Spartanburg, S.C., contributing to the growth of its manufacturing presence in the United States.

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Boehmite Market Segment Analysis :

Emergen Research has segmented the global boehmite market on the basis of type, purity, application, and region:

· Type Outlook (Revenue, USD Million; 2019-2032)
0< D50< 5um
5um< D50< 15um
15um< D50< 30um
D50 >30um
· Purity Outlook (Revenue, USD Million; 2019-2032)
High Purity Boehmite (Above 99%)
Below 99% Purity Boehmite
· Application Outlook (Revenue, USD Million; 2019-2032)
Li-Ion Batteries
Flame Retardants
Electronic Ceramics
Paints & Coatings
Plastics
Others
· Regional Outlook (Revenue, USD Million; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA

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