High Purity Alumina Market Set to Grow CAGR 19.7% Significantly Driven by Increasing Demand in LED and Semiconductor Industries

Exactitude Consultancy Market Research analyses that the High Purity Alumina Market will witness a CAGR of 19.7% for the forecast period of 2023-2029 and is likely USD 1.56 Billion in 2022 to reach at USD 7.87 Billion by 2029.

High purity alumina (HPA) is a form of aluminum oxide (Al2O3) that is characterized by its exceptionally high level of purity, typically above 99.99% or even higher. It is produced through various methods that involve purifying aluminum oxide to remove impurities, resulting in a material with very low levels of contaminants. HPA is a high-performance material that exhibits excellent properties such as high melting point, high thermal conductivity, excellent electrical insulation, and high chemical resistance. These properties make it suitable for a wide range of applications where purity, reliability, and performance are critical, such as in the electronics, automotive, aerospace, medical, and energy industries.

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✦ High Purity Alumina Market - Growth Drivers

Increasing demand for automobiles, computers, display materials, and semiconductors propels market growth.

Lack of efficient and precise alternative or substitute for high purity alumina materials and products drives market demand.

Rising adoption of smartphones, electric vehicles, emerging medical technologies, Li-ion batteries, solar panels, and LED lights stimulates market development.

High Purity Alumina Market - Key Findings of the Report

✦Increasing Demand for Production of Li-Ion Batteries:

Batteries made using Lithium -ions are extremely popular in the electronics industry. Furthermore, its applications are not only limited to electronics, but span over various industries, including automotive, construction equipment, etc. High purity alumina materials are used in the manufacture of these li-ion batteries in order to enhance their chemical and physical properties, strengthen the battery separators, and prevent from battery failure. Apart from this, using HPA in production of li-ion batteries can also aid in boosting the thermal stability of finished battery product. Owing to such factors, the demand for these high-grade materials has been consistently rising in the manufacture of li-ion batteries in the recent years.

✦Increase in Usage of LED Lighting Systems

Demand for HPA has been rising significantly across the globe. Surge in adoption of LED bulbs instead of traditional bulbs and technological advancements in LEDs are anticipated to double the demand for HPA in the next three years. HPA is integral in the production of LED lighting systems such as white LEDs, which are widely used in mobile phone backlights, advertisement lighting, displays, automobile headlights, and home illumination. Synthetic sapphire wafer substrates made from HPA are employed in LED lighting systems and displays due to their extraordinary thermal conductivity and ultra-pure surface.

✦Surge in Demand for 4N Grade HPA

According to the high purity alumina market size forecast, the 4N segment is anticipated to witness rapid growth in the next few years. The segment held prominent share of nearly 64.0% of the market in terms of grade in 2021. 4N grade HPA has purity level of 99.99%. Rise in demand for LEDs, lithium-ion batteries, and scratch-resistant glasses that are used in various consumer electronics and gadgets is driving the segment.

Prominent Key players of the High Purity Alumina Market survey report:

Historical data available in the report elaborates on the development of the High Purity Alumina on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Sumitomo Chemical Co. Ltd., Sasol Ltd., Baikowski SAS, Nippon Light Metal Co. Ltd., HMR Co. Ltd., Dalian Hiland Photoelectric Material Co. Ltd., Hebei Hengbo New Material Technology Co. Ltd., ChemX Materials Ltd., King River Resources, Altech Chemicals Ltd.

Key Developments in Global Market

In June 2022, Corella Resources Ltd. announced that the company had achieved its objective of 5N+(99.99957%) grade HPA on a 25kg representative bulk composite sample from its 100% owned Tampu Project located near the town of Beacon in Perth, Western Australia.

In May 2022, ChemX Materials Ltd. announced the supply of high-purity materials to energy transition and decarburization markets. Currently, the company has three projects that are under development regarding high-purity materials and decarburization efforts.

In January 2022, King River Resources announced its decision to progress its HPA project to a May 2022 delivery of a definitive feasibility study for the proposed 2,000 ton-per-annum HPA production facility

High Purity Alumina Market Segmentation:

High Purity Alumina Market By Type, 2020-2029, (USD Billion), (Kilotons).

» 4N

» 5N

» 6N

High Purity Alumina Market By Technology, 2020-2029, (USD Billion), (Kilotons).

» Hydrolysis

» Hydrochloric Acid Leaching

High Purity Alumina Market By Application, 2020-2029, (USD Billion), (Kilotons).

» LED Bulbs

» Semiconductor Substrate

» Li-Ion Batteries

» Optical Lenses

» Bio Medical Devices

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the High Purity Alumina Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global High Purity Alumina industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the High Purity Alumina industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global High Purity Alumina Market Research Report 2023-2029

1 High Purity Alumina Market Overview

1.1 Product Overview and Scope of High Purity Alumina

1.2 High Purity Alumina Segment by Type (Product Category)

1.3 Global High Purity Alumina market Segment by Application

1.4 Global High Purity Alumina Market by Region (2023-2029)

1.4.1 Global High Purity Alumina Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of High Purity Alumina (2023-2029)

1.5.1 Global High Purity Alumina Revenue Status and Outlook (2023-2029)

1.5.2 Global High Purity Alumina Capacity, Production Status and Outlook (2023-2029)

…

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