Boehmite is an aluminum oxide hydroxide mineral, a module of aluminum ore bauxite. It crystallizes in the orthorhombic dipyramidal system and is usually huge. It is white in color with tints of brown, green, red, or yellow due to impurities. Business Research Insights states that the boehmite market size was USD 185.6 million in 2019 and is expected to reach USD 449 million by 2026 at a CAGR of 13.3% during the forecast period.
Boehmite powder is a potential absorbent for oilfield-produced water treatment. The increasing solid waste recycling activities and rising environmental concerns are expected to drive industrial growth. Boehmite is used in various sectors such as flame retardant, electronic ceramics, and batteries. The batteries segment leads in the industry due to the increasing utilization of the product in this segment.
Restricted Supply Chain Amid Pandemic Hampered Industrial Growth
The COVID-19 pandemic created a huge impact on various industries globally. Governments halted the manufacturing and production activities for a long period during the initial lockdown phase. Also, the restricted import/export policies and closure of national borders affected the production rate of the companies operating in this industry. The disrupted supply chain negatively impacted the business expansion due to lack of raw material supplies. Furthermore, declined demand for vehicles and decreased manufacturing of automobiles hampered industrial growth during the pandemic.
Below Mentioned are the Profiles of 10 Leading Companies Operating in the Industry:
1. AnHui Estone Materials Technology
AnHui Estone Material Technology was established on 6th January 2006 and is headquartered in China. The company has been serving globally for over 16 years and has launched 60+ products. Furthermore, AnHui Estone Material Technology has 20+ core patents that ensured business growth and developed the brand image in the global market.
2. Sasol Limited
Sasol Limited is a leading chemical company headquartered in South Africa and was established in 1950. The company produces and delivers products in three business verticals, chemicals, gas, and fuel & oil. The company is known as one of the leading suppliers to several industries such as agriculture, forestry, aviation, automation & transportation, construction, and electronics & electrical.
3. Nabaltec
Nabaltec has been operating in the chemical industry since 1994 and is headquartered in Germany. The company provides various chemicals to several end-use industries by ensuring high performance, quality assurance, and reliability. Nabaltec supplies its products globally to improve its business performance and propel growth.
4. TOR Minerals
TOR Minerals was established in 1973 and is headquartered in Texas, U.S. The company manufactures and sells its products globally to serve multiple industries. TOR Minerals majorly focuses on specialty chemicals required in various industries.
5. Kawai Lime Industry Co. Ltd.
Kawai Lime Industry Co. Ltd. was established in 1947 and is headquartered in Japan. The company focuses on manufacturing chemical products and distributing them to the end-use industries. The company is a part of the Lime & Gypsum Product Manufacturing Industry.
6. TAIMEI Chemicals Co. Ltd.
TAIMEI Chemicals Co. Ltd. is headquartered in Tokyo, Japan. The company is specialized in producing alumina beads. The beads are characterized by excellent abrasion resistance and high purity. TAIMEI Chemicals is known as one of the leading companies in the chemical industry and is known for its excellent services.
7. Dequachim
Dequachim is headquartered in London, U.K. The company produces high purity aluminum salts and boehmite, which can be used in various industries for water treatment, fertilizers, pharmaceuticals, cosmetics, coatings, abrasives, and others.
8. Osang Group
Osang Co. Ltd. is a subsidiary of Osang Group, established in 1986. The company operates in various business verticals to deliver its products and services globally. The company has a vast portfolio as it serves advanced materials, IT solutions, environmental engineering, agricultural biotech, and premium fruit packaging.
9. PIDC
PIDC is headquartered in Brazil and provides its services globally. The company name stands for precisely-right materials for catalysis. Its vision is innovative chemistry through advanced materials. PIDC focuses on producing and delivering appropriate products to the end-use industries.
10. Tianjin Boyuan New Materials Co. Ltd.
Tianjin Boyuan New Materials Co. Ltd. was established in 1997 and is headquartered in China. The company manufactures aqueous polymer and nano-functional materials.
The Future is in the Adoption of Electric and Hybrid Vehicles
Leading industrial players focus on adopting recent technologies to launch new products due to the rising adoption of boehmite in electric vehicles. Also, these companies focus on delivering their goods globally to propel growth. The automobile sector is expected to support the industry in the coming years due to increasing product demand.