The market for global high purity alumina is anticipated to grow at a CAGR of over 18% during forecast period. Global high purity alumina market is majorly driven by its growing applications in LED lighting, semiconductors, lithium ion batteries, photovoltaic cells, plasma display screen, phosphor, optical lenses, smartphone sapphire glass, among others. High purity alumina is a processed premium non-metallurgical form of aluminum which is characterized by its level of purity. Notably, recent developments in the automotive industry, rapidly growing LED lighting and synthetic sapphire demand, new potential uses of aluminium as an alternative to copper in the power industry and several other trends are anticipated to strengthen the high purity alumina (HPA) market growth. Furthermore, high purity alumina market is observing steady growth in the semiconductor industry, as the product is a novel industrial-use material employed in the process of fabrication of semiconductor device.
Markedly, high purity alumina market has been segmented into technology, product, application and region. Based on Technology, the market has been categorized into hydrolysis and HCl leaching. Among these, hydrolysis technology accounted for more than 72% of the market in 2018. Hydrolysis of aluminum alkoxide is the majorly used method by leading manufacturers to produce HPA. Based on product, the market is categorized into 4N, 5N, and 6N segments, of which 4N segment is anticipated to hold the largest share through 2024 owing to considerable usage of lithium-ion batteries. Additionally, the product has extended application in ultrafiltration & gas separation laminates owing to its enhanced chemical resistivity and porosity. Lastly, based on application, global high purity alumina market has been segmented into LEDs, phosphor, semiconductors, batteries and others. In 2018, LED segment held a substantial share of more than 50% in global high purity alumina market.
Regionally, the market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa, Among these regions, Asia-Pacific is anticipated to witness a significant growth due to growing demand for technologically advanced consumer electronics in China that held a major share of approximately 45% in 2018 in Asia-Pacific high purity alumina.
Some of the key players operating in the market include, Altech Chemicals Limited, Baikowski SAS, Polar Sapphire Limited, Nippon Light Metal Company Limited, Alcoa Corporation, Orbite Technologies, Sasol, Sumitomo Chemical, Rio Tinto Alcan, UC RUSAL, Norsk hydro, among others.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020-2024
Objective of the Study
- To analyze and forecast global high purity alumina market size.
- To forecast global high purity alumina market based on technology, product, application and regional distribution.
- To identify drivers and challenges for global high purity alumina market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global high purity alumina market.
- To conduct pricing analysis for high purity alumina market.
- To identify and analyze the profile of leading players involved in the manufacturing of high purity alumina.
Click here to download the brochure
Some of the leading players in global high purity alumina market are Altech Chemicals Limited, Baikowski SAS, Polar Sapphire Limited, Nippon Light Metal Company Limited, Alcoa Corporation, Orbite Technologies, Sasol, Sumitomo Chemical, Rio Tinto Alcan, UC RUSAL, Norsk hydro, among others.
Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of leading manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the product offerings, distribution channels and presence of all major players operating in global
Market insights research calculated global
Key Target Audience
- High purity alumina manufacturers, suppliers and other stakeholders
- Government and other regulatory bodies
- Associations, organizations and forums related to alumina market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
