High Purity Alumina Market 2022-27: Trends, Scope, Share, Growth and Forecast

According to the latest report by IMARC Group, titled “High Purity Alumina Market: Global Industry Trends, Share, Size, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the high purity alumina market price. 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.

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.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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:

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

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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

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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