High Purity Alumina Market by Type (4N High Purity Alumina, 5N High Purity Alumina, and 6N High Purity Alumina), by Technology (Hydrolysis and Hydrochloric Acid Leaching) and by Application (LED Bulbs, Semiconductor Substrate, Li-Ion Batteries, Optical Lenses, Bio Medical Devices, and Others)- Global Opportunity Analysis and Industry Forecast 2021-2030.

Market Definition

The global High Purity Alumina Market was valued at USD 1.40 billion in 2020 and is predicted to reach USD 10.45 billion by 2030 with a CAGR of 22.6% from 2021-2030.

High purity alumina is a white crystalline powder with more than 99.99% purity level and properties such as corrosion resistance, chemical stability, high brightness and melting point. It is prepared by dissolving aluminum hydroxide in an electrolytic cell containing three different electrolysis layers including anode, electrolyte and cathode. High purify aluminum is widely used for the production of LED and sodium lights, plasma display screens, high thermal conducting inorganic filler, semiconductors, lithium- ion battery and sapphire glasses for smart watch. It is also used in healthcare industry for manufacturing oxygen sensors, artificial bones and joints.

Market Dynamics and Trends

Increasing demand for LED lights in developing countries especially in India and China due to various government initiatives aimed at reducing energy consumption along with the rollout of number of streetlight projects have been driving the growth of HPA market.

For instance, in January 5, 2020, government of India had distributed over 36.13 crore LED bulbs across India under its UJALA initiative and installed around 1.03 crore smart LED streetlights under the Street Lighting National Program. Also, HPA’s application in the production of optical lens and scratch-resistant glasses that are used in smartphones & watches is expected to further propel the growth of high purity alumina market.

Moreover, factors such as increasing investment and technology adoption to strengthen the defense sector across countries have resulted into greater utilization of high purity alumina. It is also an important element in the semiconductor industry. For example, HPA is widely used for the construction of aircraft body, chip-sets and circuit boards, which is further expected to drive the growth of HPA market during the forecast period.

However, government regulation related to residue from the production of aluminum, surging price and limited knowledge about the production procedure of HPA are the factors restraining the growth of market during the forecast period. On the contrary, growing use of HPA for manufacturing medical equipment and its high demand in emerging economies such as India and China are expected to create ample growth opportunities for the market in the coming years.

Market Segmentations and Scope of the Study

The high purity alumina market report is segmented on the basis of type, technology, application and geography. On the basis of type, the market is divided into 4N, 5N and 6N high purity alumina. On the basis of technology, the market is classified into hydrolysis and hydrochloric acid leaching. On the basis of application, the market is categorized into LED Bulbs, Semiconductor Substrate, Li-Ion Batteries, Optical Lenses, Bio Medical Devices, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia-Pacific holds the lion's share of HPA market during the forecast period. This is attributed to factors such as increasing usage of LED based lightning solutions and growing application of Li-ion batteries in countries such as China, India, and South Korea. Some of the lightning products commonly used in China are light emitting diodes (LEDs), compact fluorescent lamps (CFLs), electrodeless discharge lamps (EDLs), and organic light emitting diodes (OLEDs). Also, presence of major key players such as Sumitomo Chemical Co., Ltd, Baikowski SAS, and Sasol and Xuan Cheng Jing Rui New Material Co. Ltd. boosts the market growth in this region.

However, North America is expected to show a steady rise in the HPA market due to the rapidly increasing adoption of HPA in electronics and semiconductor industry in this region. Moreover, rising focus on the development of high-end products and consumer home appliances are expected to drive the HPA market growth in this region.

Competitive Landscape

The high purity alumina industry comprising of various market players such as Sumitomo Chemical Co., Ltd., Altech Chemicals Ltd., Almatis, Inc., Nippon Light Metal Holdings Co., Ltd, Baikowski, Polar Sapphire Ltd, Orbite Technologies Inc., HONGHE CHEMICAL, CoorsTek Inc., and FYI RESOURCES. These market players are adopting various joint venture strategies and planning expansion of business across various regions to maintain their dominance in the high purity aluminum market.

For instance, in October 24, 2019, Nippon Light Metal Holdings Company, Ltd. had signed an agreement with ITOCHU Metals Corporation to establish a joint venture in the U.S. for the development, manufacturing and distribution of aluminum components for automobiles.

Moreover, in April 27, 2020, Sumitomo Chemical Co. and Tohoku University had jointly developed a new mechanism for preventing deterioration of aluminum anode during discharge battery reactions. This new rechargeable battery consists of four components: a cathode, an anode, an electrolyte and a separator film.

Key Benefits

• The high purity alumina market report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the global market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on the  market is provided in the report.

• The competitive analysis of the market players along with their market share in the high purity alumina market

• The SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

High Purity Alumina Market Key Segments

By Type

• 4N High Purity Alumina

• 5N High Purity Alumina

• 6N High Purity Alumina

By Technology

• Hydrolysis

• Hydrochloric Acid Leaching

By Application

• LED Bulbs

• Semiconductor Substrate

• Li-ion Batteries

• Optical Lenses

• Bio Medical Devices

• Others

By Geography

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Italy

  • Germany

  • Spain

  • Netherlands

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Taiwan

  • Vietnam

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East 

  • Africa

Report Scope and Segmentation

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