COVID-19 Impact on Boehmite Market
- Since the beginning of 2020, global economy has been experiencing downturn with the outbreak of Covid-19. The outbreak of Covid-19 is anticipated to have a significant effect on production and distribution of boehmite.
- Governments of several countries have imposed strict lockdowns to curb the spread of the Covid-19 pandemic. Many manufacturing companies are either shut down or running low on production capacity.
- Decrease in industrial activities due to the pandemic has been adversely impacting the global boehmite market
Key Drivers and Restraints of Global Boehmite Market
- The boehmite market has been expanding steadily since the last few years. Exponential demand for electric vehicles across the globe is augmenting the demand for ceramic coatings used in Li-Ion batteries. Boehmite ceramic coating layers offer a number of distinct benefits in lithium-ion batteries, including improved thermal stability to enhance the safety of lithium-ion batteries. This is boosting the boehmite market. For instance, Optodot Corporation and LG Chem have signed a new patent license agreement in 2017 that will see the lithium-ion battery manufacturer granted the right to utilize the boehmite separators developed by Optodot.
- The boehmite market is expected to be driven by the rise in demand from lithium-ion battery separators, especially from China
- Other more recently developed uses for boehmite include surface coating as well as polymer additives
- Traditionally, dispersible boehmite is employed in applications such as sol-gel ceramics, binder for catalysis, refractory materials, rheology control, and paint detackification. Industries catering to these services have adopted the usage of boehmite significantly. This is expected to augment the demand for boehmite during the forecast period.
Boehmite: Purity Segment
- based on purity, the boehmite market can be segmented into high grade purity (above 99%) and below 99% purity
- The high grade purity (above 99%) segment is estimated to lead the market and is projected to expand at a faster pace than the below 99% segment during the forecast period. Boehmite is widely used as a separator in Li-ion batteries, which require high purity for increasing thermal stability.
- The below 99% purity segment is majorly driven by the application as flame retardant and polymer additives
Asia Pacific Holds Major Share of Boehmite Market
- In terms of region, the global boehmite market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is the major region of the global boehmite market. The market in the region is estimated to expand at a rapid pace during the forecast period.
- Asia Pacific is the largest and the fastest-growing market for boehmite. High growth of the automobile industry has led to an increase in investments in electric vehicle manufacturing units in the region. China and India are at the forefront of the ongoing industrial revolution.
- North America and Europe are set to increase their share in the global boehmite market owing to the rise in usage of boehmite in Li-Ion batteries in these regions
Key Manufacturers Operating in Global Boehmite Market
The global boehmite market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global boehmite market include:
- Dequenne Chimie
- Osang Group
- Zhengzhou Research Institute of Chalco
- AnHui Estone Material Technology
- Tianjin Boyuan New Materials
- Shandong Jirun Nano New Materials
- KC Corporation
- Kawai Lime Industry
- TAIMEI Chemicals
- PIDC
- Sasol
- Nabaltec
- TOR Minerals
- Silkem
- Xuancheng Jingrui New Materials
Global Boehmite Market: Research Scope
Global Boehmite Market, by Purity
- High Grade Purity (Above 99%)
- Below 99%
Global Boehmite Market, by End-use
- Batteries
- Electronic Ceramics
- Flame Retardants
- Plastics
- Paints & Coatings
- Others
Global Boehmite Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Boehmite: Introduction
- Boehmite is a representative aluminum oxy-hydroxide mineral present in appreciable amounts in tropical soil, sediment, and the aquatic environment.
- It is used in orthopedic or dental materials due to its compatibility. It is widely used as an adsorbent due to its large surface area, reactive functional group, high surface charge, polymorphic nature, and distinct crystalline structure, size, and morphology.
- Boehmite alumina powders, which are nano-sized in the dispersed phase, exhibit a unique combination of purity, consistency, and dispersibility that make them excellent materials for usage in demanding colloidal applications. Traditionally, dispersible boehmite is used in applications such as sol-gel ceramics, binder for catalysis, refractory materials, rheology control, and paint detackification.
