High Purity Alumina Market 2018 - Global Industry Analysis, Size, Share, Growth, Trends and Forecast by 2025 | Global Key Vendors - Sasol, Alcoa, United States Steel Corporation , Hebei Iron And Steel Co.,Ltd, Sumitomo Chemical: Group Companies of the Ame

High Purity Alumina Market was estimated over USD 1.21 billion in 2017 and will surpass USD 4 billion by 2025. High Purity Alumina (HPA) Market will exhibit growth of over 15.8% up to 2025; according to a new research report by Global Market Insights, Inc.
HPA is the product of many steps of smelter grade alumina (SGA) purification, which is traditionally extracted via Bayer process, that relies on dissolving minerals from bauxite with caustic soda followed by chemical isolation of the product.

Based on revenue, 4N HPA segment will hold approximately USD 2.5 billion of the overall high purity alumina market in 2025 owing to its increasing applicability in the creation of more efficient and environment friendly lighting solutions, particularly boosted by US legislations to phase out incandescent lights. The product is also used in abrasive and sapphire-single crystal applications. HPA with higher purity levels are essential in devising medical equipment due to its biocompatibility, increasing proportion of bio ceramics for prostheses and implants will spur high purity alumina market demand in near future.

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High Purity Alumina Market (HPA), By Technology

• Hydrolysis
• HCl Leaching

High Purity Alumina Market (HPA), By Application

• LED’s
• Semiconductors
• Phosphor
• Sapphire
• Others

High Purity Alumina Market, Product By Application

o 4N (99.99%)
o LED’s
o Semiconductors
o Phosphor
o Sapphire
o Others
o 5N (99.999%)
o LED’s
o Semiconductors
o Phosphor
o Sapphire
o Others
o 6N (99.9999%)
o LED’s
o Semiconductors
o Phosphor
o Sapphire
o Others

In 2017, LED applications accounted for more than 50% share of the HPA market, as incandescent light bulbs are slowly coming to be replaced with LED lights, given that many countries have began phasing out the less energy efficient incandescent lamps to fulfil energy efficiency targets to reverse the effects of climate change. Residential LED products are expected to use at least 75% less energy and last up to 25 times longer than the traditional lamps. Incandescent bulbs have become infamous for losing most of their energy as heat compared to which LEDs are much more energy efficient. The widespread use of LED lighting can potentially reduce electricity consumption.

Estimates show that by 2020 LED lights will capture approximately 60% of the global lighting market. With sapphire production being hiked in many countries, the cost of semiconductors has begun declining causing LED light prices to plummet making them more affordable and available to a larger section of the population. Compact size breakage resistance and ability to focus light which eliminated the need of reflectors and diffusors has helped in LEDs find a large application base. With the expansion of the LED industry, HPA market has witnessed rising demand, high purity alumina being one of the most important ingredients in LED manufacturing.

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In recent times China is working hard to break free of the U.S. dominance over the semiconductor industry and build a self sufficient one. At present Chinese semiconductors are used in the low-end market for products such as bank cards and USB-keys. The Chinese government has recently laid out the blueprint for Made in China 2025 which is an ambitious effort by the government of the country to help the semiconductor industry reach a goal of $305 billion in output by 2030 and meeting more than 80% of the demand of semiconductors in China which though consumes more than half of the world’s chips, cannot fulfil the domestic demands by manufacturing in China. Countries thus competing with each other to capture the dominant share in the semiconductor industry will impart a significant boost to the growth of the high purity alumina industry.

The commercialization graph of high purity alumina (HPA) market has been observing an exponential rise with the surging use of HPA in various consumer electronics, medical, and aeronautical applications. In fact, over the last few years, the demand for electronic products primarily mobile phones, televisions, and power banks has increased tremendously, propelling the need of HPA.
More precisely, considering HPA’s excellent characteristics such as scratch resistance, high thermal coefficient, and superior brightness, LED, battery and power storage manufacturers have been preferring the product on a large scale. Indeed, even artificial sapphire glass that has been prominently used in TVs and mobile phones consists of high purity alumina as a base material.
Speaking along the same lines, the increasing requirement of electronics such as LEDs, sapphire glass, and batteries will have a significant influence on the high purity alumina industry trends. The paragraphs below elaborate how the growing inclination of public and companies toward the use of HPA across numerous end products has been augmenting the industry landscape.

Based on volume, North America driven by U.S. will exhibit growth with a CAGR of close to 18%. The regional 4N High Purity Alumina (HPA) market is said to capture close to USD 350 million by the end of forecast spell.

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Based on volume, HCl leaching technology will account for over 25% of the overall high purity alumina market in 2025. Hydrochloric acid leaching is a synthesis process to extract alumina from clay. HCl is regenerated and at the same time ferric ions are recovered and precipitated as high purity ferric oxides leaving all other residual elements. The HCl leaching technology will grow with a CAGR of over 15% due to its growing acceptance by manufacturers and lower production cost.

Global high purity alumina market is highly competitive due to presence of several industry players. Some crucial players in the industry are, Baikowski SAS, Nippon Light Metal Co. Limited, Orbite Technologies, Altech Chemicals Limited, Polar Sapphire Limited, Sasol, UC RUSAL, Sumitomo Chemical, Alcoa Corporation, Zibo Honghe Chemical Company.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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This release was published on openPR.