Global High Purity Alumina (HPA) Market |Latest Trends |Oppertunities | In-depth Study with Global Key Players - Sumitomo Chemical Co. Ltd., Sasol Ltd., Baikowski SAS, Hebei Heng Bo New Material Technology Co. Ltd., Nippon Light Metal Co. Ltd., Altech Che

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “High Purity Alumina (HPA) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global High Purity Alumina (HPA) Market have been elaborated upon in the research report.

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High purity aluminum oxide is often termed as high purity alumina. It is a high-value, white, granular chemical produced commercially either by treating aluminum with specific chemicals or through use of other aluminous feed stock. Some of the most commonly used processes for high purity alumina production include alkoxide process, thermal decomposition process, choline hydrolysis process, and modified Bayer process.

One of the most prominent applications of high purity alumina is its use in LED production. Sapphire produced using high purity alumina as raw material is used as a substrate for LEDs. Single crystal sapphire is characterized by favorable chemicals stability and mechanical properties, rendering it ideal for use in the electronics industry, especially in LED production. Another key use of sapphire is in the semiconductor application. Single crystal sapphire boules, which are produced using high purity alumina, are sliced into wafers. The wafers are used for a variety of semiconductor-related applications. In Li-ion batteries, high purity alumina is utilized as separator coating. These batteries are primarily consumed by electric vehicles and electronic devices. Other applications include alumina ceramics, abrasives, separation membrane, and translucent cosmetics. 

Prominent product types offered in the high purity alumina market are 4N high purity alumina–99.99%, 5N high purity alumina–99.999%, and 6N high purity alumina– 99.9999%. The 4N grade of high purity alumina has impurity level of only 0.01%, with purity level of 99.99%. It is commonly used in LEDs, energy storage capacitors, and lithium-ion batteries as well as in decorative and bright-finish applications. 5N grade high purity alumina has impurity level of only 0.001%, with purity level of 99.999%. It is used in liquid crystal display (LCD) and semiconductor industries in sputtering and thin film applications. High purity alumina 6N grade has impurity level of only 0.0001% with purity level of 99.9999%. It is used in sputtering and thin film applications. In addition, it is utilized in abrasive, alumina ceramics, separation membranes, etc. 

Use of 5N grade high purity alumina, especially in the production of single crystal sapphire, has increased over the recent past. Moreover, this trend is expected to continue during the forecast period. Although 4N grade and 5N grade of high purity alumina have been conventionally used for sapphire, an increasing preference for the latter has been witnessed in the last few years. This is because concentration of trace elements is relatively lower in 5N as compared to 4N. Furthermore, the use of 5N grade ensures better yield and throughput as compared to 4N.

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The consumer electronics industry is a leading and rapidly expanding manufacturing industry. Globally, in 2016, the total electronics & electrical equipment production was estimated to be valued at US $ 2.1 Trn. Demand for electronics is expected to increase at a significant rate due to rising need for smartphones; electrical appliances; and electronic components such as wafers, integrated circuit (IC), and data storage devices. Rise in demand for high-quality consumer electronic devices is expected to further boost demand for high purity alumina in the coming years. In Asia Pacific, China has become the hub of electronic equipment production in the last few years. The U.S. is expected to create lucrative opportunities for small to medium-sized electronic manufacturers based in Mexico due to rising investment in electronics, the country’s low-cost production, and the rising number of foreign investment programs in the country. Germany, France, and the U.K. are expected to record strong expansion in automotive electronics and sensors owing to the rising demand for comfort, engine efficiency, safety, navigation, information, and entertainment features. Use of high purity alumina is rising in the electronic industry due to its characteristic properties such as high plasma corrosion resistance and relatively high strength, which make it ideal for use in semiconductor wafer processing equipment and other related components. Demand for high purity alumina in semiconductor applications is expected to rise steadily over the forecast period. All these factors are expected to augment the high purity alumina market.

In 2017, Asia Pacific was the leading region of the high purity alumina market, accounting for a significant market share. Consumption of high purity alumina is concentrated predominantly in electronics production hubs such as China, Japan, South Korea, and Taiwan. Consumption of high purity alumina is expected to rise in North America during the forecast period spearheaded by the U.S.. This is due to emergence of low-cost high-purity alumina producers during the initial phase of the forecast period.

Companies are continuously adopting the strategy of expanding their geographical footprint through capacity expansion, introduction of new products, and expansion of end-use portfolios. For instance, Altech Chemicals Limited signed a sales and distribution agreement with Mitsubishi Corporation's Australian subsidiary, Mitsubishi Australia Ltd (Mitsubishi), for its proposed high purity alumina (high purity alumina) product. Major players operating in the high purity alumina market include Sumitomo Chemical Co. Ltd., Sasol Ltd., Baikowski SAS, Hebei Heng Bo New Material Technology Co. Ltd., Nippon Light Metal Co. Ltd., Altech Chemicals Ltd., and Polar Sapphire Ltd.

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