Global High Purity Alumina Market Overview
High purity alumina (HPA) is a top premium product that falls under non-metallurgical alumina items, described by minimal purity level of 99.99% and used as a base material to make sapphire substrates in applications, for example, light-radiating diodes (LEDs) and counterfeit sapphire glass. It has properties like erosion obstruction, high brilliance, and can withstand high temperatures. High Purity Alumina (HPA) is a type of Aluminum Oxide (Al2O3) which is majorly utilized in non-metallurgical applications. The HPA is utilized as a base major material to produce substrates of sapphire, which has wide applications across different industry portions. It is utilized to create a wide scope of items, for example, scratch-safe sapphire glasses for cell phones and smartwatches, plasma show screens, lithium-particle battery separators, LED lights, semiconductors, mixture vehicles, sodium lights, optical focal points, electric vehicles, and others. Additional features like dependability, sturdiness, splendor, and low hotness radiation have prompted expanding reception of LED-based lighting arrangements, starting a vertical change on the lookout. Supply shortage is seen in the high immaculateness alumina market inferable from broad utilization of High Purity Alumina (HPA) items across various industry verticals. It is probably going to be overwhelmed by headways in innovation used to remove the item from aluminum mud assets. High Purity Alumina Market accounted for US$ 2.47 billion in 2020 and is estimated to be US$ 14.0 billion by 2030 and is anticipated to register a CAGR of 18.6%.
Impact of Covid-19 pandemic on market
Because of the COVID-19 pandemic, the volume and income declined in 2020 but the drop in income is relied upon to recuperate and develop at significant rate over the projected period. As per the Semiconductor Industry Association, China represented over portion of the world's semiconductor utilization. The dependence on China is affecting the worldwide inventory network as the COVID-19 pandemic has influenced both purchasers and companies.
Global High Purity Alumina Market Dynamics
Rising application of high purity alumina in electronics for high-resolution
A couple of significant driving variables for the high purity alumina market are developing interest for high-goal gadgets like TV and cell phones that utilize high purity alumina for better presentation. Besides, the ascent popularity for smart watches and other mechanical gadgets that utilize LED is further having a positive effect and driving the market for high immaculateness alumina universally. High Purity Alumina (HPA) is a high purity alumina type of Aluminum Oxide (Al2O3) and is broadly utilized in non-metallurgical applications. The HPA is utilized as a base key material to make substrates of sapphire, which has wide applications across various industry portions. It is utilized to deliver a wide scope of items, for example, scratch-safe sapphire glasses for cell phones and smartwatches, plasma show screens, lithium-particle battery separators, LED lights, semiconductors, half and half vehicles, sodium lights, optical focal points, electric vehicles, and others.
Increasing adoption of LED-based lighting solutions, initiating an upward shift in the market
The business has a huge application in semiconductors, LEDs, sapphire, phosphor, and different business sectors. LED section witness more than 15% CAGR and hold a prominent portion of the overall industry because of the rising use of LED-based gear across the globe. The increment in LED request is because of an expanding mechanical shift from conventional bulbs to energy-productive and high-performing LED partners. Continuous research are essential to the headway of the LED innovation, which is turning into less power utilization. The expanding government drives toward energy-proficient lighting which support the creation of LED, in this way, driving the HPA market development.
Hazardous “red mud” extracts
Red mud (RM) is a result of alumina from bauxite. Red mud contains high amounts of salt creating minerals and metal particles, which can cause critical natural harm. Bauxite buildup is a solid basic strong waste released during the modern creation of alumina. The shade of bauxite buildup is red in view of its rich iron (III) oxides, containing around 20–40% of its mass. This property clarifies its normal name, red mud (RM). For 1 t of alumina delivered, around 1.5 t of RM is released. As indicated by the insights, the worldwide supply of RM has arrived at almost 4 billion tons by 2015, and furthermore with the yearly creation expanding by roughly 150 million tons. In China, the measure of RM released is 88 million tons each year, and the overall stock of RM is over 0.6 billion tons. The measure of assets spent by the public authority and endeavors in the RM will increment significantly with the sum treatment limit of bauxite that is developing generously consistently.
Global High Purity Alumina Market Segmentation
High Purity Alumina Market is segmented based on purity level, application, and region.
On the basis of Purity Level, the High Purity Alumina Market is segmented into 4N and 5N. Based on application, the target market is segmented into Light Emitting Diode, Semi-Conductor, Phosphor and Sapphire.
On the basis of Purity Level: 4N segment market dominates during the forecast year
On the basis of purity level, the high purity alumina market is segmented into 4N, 5N, and 6N. 4N high purity alumina serves to be the main source material used in the development of scratch-resistant artificial sapphire glass. They are also utilized in smartphones and portable tablet devices. Further, 4N HPA finds its major demand in LED bulbs and electronic displays.
On the basis of Application: Light Emitting Diode dominates the High Purity Alumina market during the forecast year
Expansion popular of HPA in shifted applications, like LED, semiconductor, phosphor, and sapphire, among others is filling the development of this market. Among all applications, the LED section drive the high purity alumina market in 2020. More than quarter of the creation of high purity alumina is utilized in lighting, auto headlights, and cell phones backdrop illuminations, among others. The shift from conventional glowing lights to energy-productive and supportable LED lighting frameworks has helped in expanding the general interest for LEDs. The developing utilization of LED lighting by both developed and arising nations is projected to drive the interest for LED application portion in the high purity alumina market.
Regional Insights:
On region the High Purity Alumina Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific held the largest share in the high purity alumina market in 2020. The high purity alumina market in the Asia-Pacific region is projected to develop at the most significant CAGR during the forecast period. China dominates the HPA market in the Asia-Pacific region, owing mechanical & technological advancement headways made in the hardware area in this country. For example, In 2020, China delivered the most elevated volume of alumina across the Asia Pacific district, in which roughly 73.13 million tons of alumina was created. Relatively, Vietnam created around 1.4 million tons of alumina in 2020
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Purity Level- 4N, 5N and 6N By Application– Light Emitting Diode, Semi-Conductor, Phosphor and Sapphire |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the High Purity Alumina Market report based on purity level, application, and region.
High Purity Alumina Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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-
- U.S.
- Canada
- Middle East & Africa
Global High Purity Alumina Market Key Players
The key players operating in the High Purity Alumina Market includes Altech Chemicals Limited, Alcoa Inc., Rusal, Sasol Ltd., Sumitomo Chemicals Co. Ltd., Baikowski, Nippon Light Metal Co. Ltd., Superior Technical Ceramics, Norsk Hydro ASA and Dalian Haixin Chemical industrial Co. Ltd. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, In January 2019, Nippon Fruehauf ("NFH") agreed with Centro Manufacturing Corporation ("Centro"), which is occupied with the truck equipping business in the Philippines, and different accomplices to build up CENTRO NIPPON FRUEHAUF COOLTECH INCORPORATED, a joint endeavor organization.
Global High Purity Alumina Market Key Issues Addressed
- In 2021, RUSAL, a main worldwide aluminum maker, and The Group of Companies Moskabelmet, one of the heads of the Russian market of cabling and wiring items, have effectively guaranteed a link with aluminum composite transmitters lining up with the imperviousness to fire requirements.
- In August 2018, Altech Chemicals Ltd. introduced its new plant in Malaysia. When the extension is finished, the HPA creation limit will arrive at 4,500 tons for every annum. The limit expansion pointed toward taking into account the developing interest from manufactured sapphire and lithium-particle battery separators.
- In 2015, Alcoa obtains TITAL, TITAL is a main producer of titanium and aluminum underlying castings for airplane motors and airframes. This obtaining sets up titanium projecting abilities in Europe and grows Alcoa's aluminum projecting limit.
Global High Purity Alumina Market Company Profile
- Altech Chemicals Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Alcoa Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rusal
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sasol Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sumitomo Chemicals Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Baikowski
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nippon Light Metal Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Norsk Hydro ASA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dalian Haixin Chemical industrial Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global High Purity Alumina Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for High Purity Alumina Strategies
- Key Questions this Study will Answer
- Market Snippet, By Purity Level
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Form, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- 4N
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- 5N
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- 6N
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Application, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Light Emitting Diode
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Semi-Conductor
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Phosphor
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Sapphire
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Purity Level, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Purity Level, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Purity Level, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Purity Level, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Purity Level, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Altech Chemicals Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Alcoa Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rusal
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sasol Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sumitomo Chemicals Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Baikowski
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nippon Light Metal Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Norsk Hydro ASA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dalian Haixin Chemical industrial Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
High Purity Alumina Market is segmented based on Purity Level, Application, and Region.
Rising application of high purity alumina in electronics for high-resolution is the major factor driving growth of the global market
Asia-Pacific held the largest share in the high purity alumina market in 2020. The high purity alumina market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. China dominates the HPA market in the Asia-Pacific region, owing to technological advancements made in the electronics sector in this country.
The key players operating in the High Purity Alumina Market includes Altech Chemicals Limited, Alcoa Inc., Rusal, Sasol Ltd., Sumitomo Chemicals Co. Ltd., Baikowski, Nippon Light Metal Co. Ltd., Superior Technical Ceramics, Norsk Hydro ASA and Dalian Haixin Chemical industrial Co. Ltd.