High Purity Alumina Market
Global High Purity Alumina Market Size, Share & Trends Analysis Report by Products (4N, 5N, and 6N), and by Technology (Hydrolysis, Hydrochloric Acid Leaching and Others) and by Application (LEDs, Lithium-ion batteries, Semiconductors, Optical lenses, Others) Forecast Period (2021-2027) Update Available - Forecast 2024-2030
The global high purity alumina market is anticipated to grow at a CAGR of nearly 15.2% during the forecast period (2021-2027). The prominent factors accelerating the growth of high purity alumina include rising applications of high purity alumina in consumer electronics such as smartphones and smart wearables, high demand for lithium ion batteries owing to increasing electric vehicles, and surging demand for LEDs in home décor applications. High purity alumina has a wide range of applications such as, it is used as a coating in the lithium battery and applied to the diaphragm between the positive and negative side of lithium battery and act as heat resistant, act as an insulator, prevent the short circuit of power battery. Other application includes in the manufacturing of glass, metal,semiconductor, and used in the manufacturing of li-ion batteries which is used in the electric vehicles(EVs). Moving forward 4N high purity alumina bring condescending cost benefit in comparison to high purity alumina of 5N and 6N. This is the key factor that fuels the demand for 4N in the high purity alumina market. Moreover, increasing penetration of electronic and smart gadgets such as smartphones, smartwatches, and laptops support the growth of the 4N high purity alumina market in the years ahead.
However, stringent government regulations on residues that affects the environment and limited technical expertise are the factors that may restrains the market growth. Moreover, the growing demand for high purity alumina from the emerging economies due to growing medical sector can offer lucrative growth opportunities in the market.
Impact of COVID-19 Pandemic on Global High Purity Alumina Market
The COVID-19 pandemic has disrupted the manufacturing and production operations of various industries across the globe, which had drastically reduced the demand for high purity alumina. The impact of COVID-19 has been visible, as the economic operations of developed and developing countries slower down. The countries declared a state of emergency in their territories and, declared a strict lockdown. Consequently, the demand for high purity alumina has slower down, as the automotive and manufacturing industry was drastically affected during COVID-19. The shortage of lithium-ion batteries, which are used in the production of automotive vehicles has halted the production of electric vehicles across the globe.
Segmental Outlook
The global high purity alumina market is segmented based on the product,technology and application. Based on the product, the market is subsegmented into 4N high purity alumina, 5N high purity alumina, and 6N high purity alumina. Based on the technology, the market is sub-segmented into the hydrolysis, hydrochloric acid leaching, and others. Based on application, the market is subsegmented into LEDs, lithium-ion batteries, semiconductor optical lenses, and others. Based on technology, hydrochloric acid leaching is expected to hold the major market share in the high purity alumina market. Hydrochloric acid leaching is widely used in LEDs bulbs and sapphire glass. Further, production of high purity alumina through the process of hydrochloric acid leaching minimizes the overall production cost. Owing to its wide application, the demand for hydrochloric acid leaching is expected to grow over the forecast period.
Global High Purity Alumina Market Share by Technology, 2020 (%)
The Semiconductor Segment Holds the Major Share in the Global High Purity Alumina Market
The high purity alumina is witnessing substantial growth in the semiconductor segment, owing to its wider application in electronic devices such as smartphones, laptops, and cloud computing infrastructure. Moreover, semiconductor performs various function in electric vehicles such as battery management in electric vehicles, GPS, detecting the blind spots, airbag deployment sensors, and emergency braking system. With the increasing demand for electric vehicles, the need for charging batteries also arises, semiconductor plays a major role in charging electric vehicles fastly. In November 2021, Foxconn, an electronics contract manufacturer, is promoting a ‘3 plus 3’ initiative, for three emerging industries- electric vehicles, robots, and digital, where electric vehicles are the major focus industry. Foxconn will open a semiconductor design center in New Taipei city, to develop software that is used in self-driving, smart connectivity, and smart cabins for electric vehicles.
Regional Outlooks
The global high purity alumina market is further segmented based on geography including North America (the US, and Canada), Europe (UK,Italy, Spain, Germany, France, and rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and rest of Asia-Pacific), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement.
Global High Purity Alumina Market Growth, by Region 2021-2027
The Asia-Pacific Region Holds the Major Share in the Global High Purity Alumina Market
Asia-Pacific holds the major share in the high purity alumina market. The presence of many electronic and manufacturing hubs in the Asia-Pacific region makes it important for the high purity alumina market. The increasing use of LED bulbs and lights and lithium-ion batteries in electronic vehicles has fueled the demand for the high purity alumina market. Moreover, the countries in the Asia-Pacific region such as China, India, and South Korea, is a major contributor to the production and consumption of lighting products such as light-emitting diodes (LEDs), electrodeless discharge lamps (EDLs), and compact fluorescent lamps (CFLs), owing to this factor Asia-Pacific is the major contributor high purity alumina market over the forecast period.
Market Players Outlook
The major companies serving the global high purity alumina market include The Association of Equipment Manufacturers Association of equipment manufacturers, Sumitomo Chemical Co Ltd ., Orbite Technologies, Inc., Norsk Hydro ASA, Baikowski SAS and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2021, Altech Chemical plans to install high purity alumina plant at Johor, Malaysia. With the capacity of producing 4500 tonnes high purity alumina per annum.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global high purity alumina market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global High Purity Alumina Market
• Recovery Scenario of Global High Purity Alumina Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Alcoa Inc
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Sumitomo Chemical Co Ltd.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Orbite Technologies, Inc.,
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Norsk Hydro ASA
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Baikowski SAS
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global High Purity Alumina Market by Product
4.1.1. 4N High Purity Alumina
4.1.2. 5N High Purity Alumina
4.1.3. 6N High Purity Alumina
4.2. Global High Purity Alumina Market by Technology
4.2.1. Hydrolysis
4.2.2. Hydrochloric Acid Leaching
4.2.3. Others
4.3. Global High Purity Alumina Market by Application
4.3.1. LEDs
4.3.2. Lithium-Ion Batteries
4.3.3. Semiconductors
4.3.4. Optical Lenses
4.3.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AluChem Inc.
6.2. C-KOE Metals.
6.3. CoorsTekInc.
6.4. Dalian Rall
6.5. HPA Sonics
6.6. KOMPASS INTERNATIONAL, SASU
6.7. Mitsubishi Chemical Corp.
6.8. NATURE ALU.
6.9. Nippon Light Metal Holdings Co., Ltd.
6.10. Polar Sapphire Ltd.
6.11. PricewaterhouseCoopers LLP
6.12. Rio Tinto Group.
6.13. RusAL.
6.14. Sasol Ltd.
6.15. Showa Denko K.K.
6.16. Zibo Honghe Chemical Co.,Ltd
1. GLOBAL HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
2. GLOBAL 4N HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL 5N HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL 6N HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY REGION,2020-2027($ MILLION)
5. GLOBAL HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY , 2020-2027 ($ MILLION)
6. GLOBAL HYDROLYSIS IN HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL HYDROCHLORIC ACID LEACHING IN HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL OTHER TECHNOLOGY IN HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY APPLICATION , 2020-2027 ($ MILLION)
10. GLOBAL HIGH PURITY ALUMINA IN LEDs MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL HIGH PURITY ALUMINA IN LITHIUM-ION BATTERIES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL HIGH PURITY ALUMINA IN SEMICONDUCTORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL HIGH PURITY ALUMINA IN OPTICAL LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
17. NORTH AMERICAN HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
18. NORTH AMERICAN HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
19. EUROPEAN HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
20. EUROPEAN HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
21. EUROPEAN HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
22. EUROPEAN HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY , 2020-2027 ($ MILLION)
26. ASIA-PACIFIC HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
27. REST OF THE WORLD HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
28. REST OF THE WORLD HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
29. REST OF THE WORLD HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY , 2020-2027 ($ MILLION)
30. REST OF THE WORLD HIGH PURITY ALUMINA MARKET RESEARCH AND ANALYSIS BY APPLICATION , 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL HIGH PURITY ALUMINA MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL HIGH PURITY ALUMINA MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL HIGH PURITY ALUMINA MARKET, 2021-2027 (%)
4. GLOBAL HIGH PURITY ALUMINA MARKET SHARE BY PRODUCT, 2020 VS 2027 (%)
5. GLOBAL 4N HIGH PURITY ALUMINA MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL 5N HIGH PURITY ALUMINA MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL 6N HIGH PURITY ALUMINA MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL HIGH PURITY ALUMINA MARKET SHARE BY TECHNOLOGY, 2020 VS 2027 (%)
9. GLOBAL HYDROLYASIS IN HIGH PURITY ALUMINA MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL HYDROCHLORIC ACID LEACHING IN HIGH PURITY ALUMINA MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL OTHER IN HIGH PURITY ALUMINA MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL HIGH PURITY ALUMINA MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
13. GLOBAL HIGH PURITY ALUMINA IN LEDs MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL HIGH PURITY ALUMINA IN SEMICONDUCTORS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL HIGH PURITY ALUMINA IN OPTICAL LENSES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL HIGH PURITY ALUMINA IN HIGH PURITY ALUMINA MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. US HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
18. CANADA HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
19. UK HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
20. FRANCE HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
21. GERMANY HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
22. ITALY HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
23. SPAIN HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
24. REST OF EUROPE HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
25. INDIA HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
26. CHINA HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
27. JAPAN HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
28. SOUTH KOREA HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OF ASIA-PACIFIC HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
30. REST OF THE WORLD HIGH PURITY ALUMINA MARKET SIZE, 2020-2027 ($ MILLION)
