Global High purity boehmite market will reach 193 million USD by 2023

The global high purity boehmite market size will reach 193 million USD by 2023, from 75.2 million USD in 2017, growing at a CAGR of 15.4% during 2018-2023. In the past several years, the global high purity boehmite market developed rapidly and the market is dominated by few players from Europe, Japan, United States, China and Korea. The top three players occupied for nearly 60 percent of global market.

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Europe and North America play important roles, Asia Pacific is the fastest growing regions, especially in China, Japan and Korea. In future, the market will be driven by the demand from North America, Europe, China, Japan and Korea, especially the demand in batteries industry, due to the fast-growing electric vehicle market in China, Europe and North America.

Global High purity boehmite market will reach 193 million USD by 2023

Zhengzhou Research Institute of Chalco has a production capacity of 15000 tons in Boehmite, but most of Boehmite is the purity of 81% AlOOH. In high purity (above 99%), Zhengzhou Research Institute of Chalco sold 300 tons of high purity Boehmite in 2017, and established to be 364 tons in 2017.

AnHui Estone Material Technology is a public company, and the largest producer of High Purity Boehmite in China, its products are mainly used in Li-ion Battery Separator. According to our survey, the production capacity of high purity boehmite will be 7000 tons in the end of 2017 and this company will play an important role in the High Purity Boehmite in the world, especially for the Li-ion Battery Separator market. AnHui Estone Material Technology also has a plan to expand its production capacity of high purity boehmite in future.

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Nabaltec started to produce high purity boehmite in 2009, now this company played an important role in the world, and this company also has plan to expand high purity boehmite after 2019.

In future, the high purity boehmite market will be driven by the demand from lithium-ion battery separator, especially the demand from China. Currently in China, the end user include CATL, BYD, Hefei Guoxuan High Tech Power Energy, Shanghai Energy New Materials Technology and ATL etc.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global High purity boehmite Market Research Report 2018 report released by QYResearch provides a basic overview of the High purity boehmite industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the High purity boehmite industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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