High Purity Alumina Market 2027: Industry Size, Share, Growth, Scope and Demand

According to the latest report by IMARC Group, titled “High Purity Alumina Market: Global Industry Trends, Share, Size, 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.

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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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.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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