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High Purity Alumina Market: domestic aluminum clay resources will see a significant rise in 2025 | By leading companies Sasol, Alcoa, United States Steel Corporation, Hebei Iron And Steel Co.,Ltd, Sumitomo Chemical: Group Companies of the Americas, Norsk
High Purity Alumina Market
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The LED application segment will capture a significant share of over 50% in the global high purity alumina market by 2025. The semiconductor segment revenue will capture a market share of over 25% by the end of forecast spell and will grow with a CAGR of over 15% during the forecast timeframe. Rising applicability of HPA in semiconductors is fostered by its underlying applications in consumer electronics such as home appliances and industrial applications such as military, infrastructure, and energy.
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
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Orbite Technologies Inc.
2. Altech Chemicals Limited
3. Baikowski
4. Alcoa
5. Nippon Light Metal
6. Zibo Honghe Chemical Co.,Ltd
7. United States Steel Corporation
8. Norsk Hydro
9. Rio Tinto
10. Hebei Iron And Steel Co.,Ltd.
11. Shandong Iron and Steel Co., Ltd.
12. Chalco Shandong Advanced Material CO,. LTD.
13. Polar Sapphire Ltd.
14. Sumitomo Chemical: Group Companies of the Americas
15. Sasol
HPA is a processed form of non-metallurgical alumina product with a minimum purity level of 99.99%. Increasing demand for HPA from semiconductor industry and for other applications such as LED lights, sapphire glass for optical lenses and display screens will spur the high purity alumina market in the near future. High purity alumina provides higher resistance to breakdown & corrosion, high brightness and enhanced hardness level which makes it a precursor for artificial sapphire and rubies along with other application including fiber optic communication systems, watch covers, advertising displays, cell phones, and residential lighting.
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 bioceramics for prostheses and implants will spur high purity alumina industry demand in near future.
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.
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Considering region, Asia Pacific will hold the maximum share of around 60% in the high purity alumina market by the end of forecast period. Rising demand for infrastructural spaces and growing electronic equipment production in China, Taiwan, South Korea and Japan will lead HPA market during the forecast period.
The high purity alumina market competitive landscape includes key players such as Alcoa Corporation, Sumitomo Chemical, Altech Chemicals Limited, Rio Tinto Alcan, Norsk hydro, Polar Sapphire, Baikowski SAS, Sasol, Nippon Light Metal Company Limited, Zibo Honghe Chemical Comopany.
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