Boehmite market was valued at US$ 212.3 million in 2020 and it is expected to reach US$ 507.7 million by the end of 2027, growing at a CAGR of 13.3% - valuates reports

The global Boehmite market was valued at US$ 212.3 million in 2020 and it is expected to reach US$ 507.7 million by the end of 2027, growing at a CAGR of 13.3% during 2021-2027.

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Boehmite Market Trends
Due to its superior thermal and chemical stability, boehmite plays a crucial role in the coatings of separator films in lithium batteries as a thermostabilized material. It offers dendritic growth prevention, a longer cycle life, and heat shrinkage resistance. This factor is expected to drive the growth of the Boehmite market. Boehmite's high thermal stability has increased its use in lithium-ion batteries as well as in the electronics and automotive industries. A growing preference for electric and hybrid vehicles has increased demand for lithium-ion batteries, which is anticipated to drive the market's expansion in terms of revenue.

On alumno-silicate bedrock, boehmite, an aluminum oxide hydroxide mineral, is commonly found in tropical laterites and bauxites. Dispersible boehmite is widely utilized in refractory materials, sol-gel ceramics, catalysis binders, and other applications. Powdered boehmite alumina is presently utilized as a polymer ingredient and for surface coatings. Boehmite's use in surface coatings increases the product's quality and shelf life while increasing thermal and chemical stability. Due to impurities, high-purity boehmite is white in color but displays traces of yellow, green, brown, or red. This will further drive the growth of the Boehmite market.

Dispersible boehmite has historically been used in processes including sol-gel ceramics, catalytic binder, refractory materials, rheology control, and paint detackification. Industries that provide these services have heavily embraced the use of boehmite. Boehmite demand is anticipated to increase during the projected period as a result of this.

Boehmite Market Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.

Boehmite Market Segment Analysis
The rapid adoption of electric vehicles, rising construction and manufacturing activity due to the accessibility of labor and raw materials at reasonable prices, and the expanding presence of major manufacturers in the region are all expected to contribute to the Asia Pacific market's expected strong revenue CAGR over the forecast period.

Boehmite Market Segment By Type
-High Purity Boehmite
-Others (Purity Below 99.0%)

Boehmite Market Segment By Application
-Batteries
-Electronic Ceramics
-Flame Retardant

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