According to the latest report by IMARC Group, titled “High Purity Alumina Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global high purity alumina market reached a value of US$ 1.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2027, exhibiting a CAGR of 25.5% during 2022-2027.
Industry Definition and Application:
High purity alumina (HPA), or aluminum oxide, represent processed non-metallurgical alumina manufactured through the hydrolysis of aluminum oxide, underwater spark discharge with aluminum, vapor-phase oxidation processes, hydrochloric acid leaching, etc. It can be classified into several types, including 4N, 5N, and 6N based on the purity level. These high purity alumina variants exhibit a high melting point, thermal stability, and corrosion resistance. Consequently, they find extensive utilization in the manufacturing of lithium-ion batteries, artificial sapphire substrates, light-emitting diodes (LEDs), smart electronic devices, ceramics, semiconductors, photovoltaic cells, artificial gemstones, etc.
Global High-Purity Alumina Market Trends:
The growing electronics industry and the inflating demand for personal computers, tablets, televisions, gaming consoles, and servers are primarily driving the high purity alumina market. In addition to this, the increasing environmental consciousness and the shifting preferences toward LED lights that are extremely energy efficient as compared to incandescent bulbs are acting as significant growth-inducing factors. Furthermore, the elevating product usage as a coating on lithium-ion (LI-ion) battery separators integrated into electronic vehicles (EVs) to optimize efficiency and reduce emissions into the environment is also positively influencing the global market. Apart from this, the development of various innovative products, such as ready-to-use medical bio-ceramics for dental and orthopedic implants, is further stimulating the market growth. Moreover, the escalating employment of the product in the production of sapphire with minimal flaws in the crystal lattice and the rising investments in research and development (R&D) activities by key market players are anticipated to propel the high purity alumina market in the coming years.
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Global High Purity Alumina Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Alcoa Corporation
- Altech Chemicals Limited
- Baikowski SAS
- Coorstek Inc. (Keystone Holdings LLC)
- Nippon Light Metal Holdings Company Ltd
- Norsk Hydro ASA
- RusAL
- Sasol Limited
- Sumitomo Chemical Co. Ltd
- Zibo Honghe Chemical Co. Ltd
The report has segmented the market on the basis on region, purity level, production method, application.
Breakup by Purity Level:
- 4N
- 5N
- 6N
Breakup by Production Method:
- Hydrolysis of Aluminium Alkoxide
- Hydrochloric Acid Leaching
- Others
Breakup by Application:
- LED
- Semiconductor Substrate
- Phosphor
- Sapphire Glass
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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