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High Purity Alumina Market Size - By Type(4N high purity alumina (HPA), 5N high purity alumina (HPA), 6N high purity alumina (HPA)), by Technology(Hydrolysis, Hydrochloric Acid Leaching), by Application(LED Bulbs, Semiconductor Substrate, Li-ion Batteries, Optical Lenses, Bio Medical Devices, Phosphor, Sapphire) & Region - Forecasts 2023 - 2033

  • PUBLISHED ON
  • 2022-09-05
  • NO OF PAGES
  • 234
  • CATEGORY
  • Chemicals & Materials

 

Global High Purity Alumina Market Analysis by Type, Technology, Application, Region and segments forecast till 2033

 

Market Overview

The Global High Purity Alumina market was worth USD 1,480 million in 2022 and is anticipated to amplify at a CAGR of 20.1% over 2023-2033, thereby amassing a valuation of USD 6,290 million by the end of the assessment timeframe.

 

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 1,480 Million

Market Forecast in 2033

USD 6,290 Million

CAGR % 2023-2033

20.1%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

Sumitomo Chemicals Co. Ltd., Orbite Aluminae, Inc., Alcoa, Inc., United Company RUSAL Limited, King River Resources Limited, Mitsubishi Chemical Corp., HMR Co. Ltd., Nippon Hydro ASA, Xuancheng Jingrui New Material Co., Ltd., Hong Fu Crystal Technology (Anhui) Co.Ltd., Dalian Hiland Photoelectric Material Co. Ltd., Hebei Heng Bo New Material Technology Co., Ltd., Altech Chemicals Limited, Boikowksi, and Sasol Ltd.

 

Global High Purity Alumina market- Description

High purity alumina (HPA) is a premium product form of Aluminum Oxide falling under the non-metallurgical alumina product range. It is characterized by a minimum purity level of 99.9% and serves as the pivotal ingredient required in synthetic sapphire production. HPA is predominantly made by hydrolyzing aluminum alkoxide and it possesses properties such as high brightness and corrosion resistance.

Rising adoption of LED bulbs over conventional bulbs along with rapid developments in the semiconductor and electronics industry are the primary factors augmenting industry outlook. Alongside, extensive utilization of sapphire substrates in LED manufacturing and growing adoption of lithium-ion batteries are positively swaying the market dynamics. On the contrary, high costs pertaining to the production of high purity alumina is likely to hinder the progression of this industry vertical in the ensuing years.

 

Global High Purity Alumina Market- Key Trends

·         Growing adoption of LED bulbs to aid industry expansion

The escalating demand for LED bulbs across the globe to reduce energy consumption is creating massive opportunities for the high purity alumina market to prosper. Moreover, governments of emerging economies are taking favorable initiatives to encourage the use of energy efficient lights. For instance, in 2018, the Indian government distributed nearly 210 million LED bulbs in the country and issued tenders on LED streetlight retrofit projects.

 

·         Surging environmental awareness to accelerate market growth

There has been a rising cognizance of masses regarding the environmental impact of conventional fuel sources. Therefore, they are inclining towards the adoption of renewable energy sources to reduce carbon emissions and prevent the further depletion of conventional energy forms. Automotive companies have increased their focus on manufacturing electric vehicles to curb environmental pollution and reduce dependency on non-renewable fuels. These factors in turn are creating lucrative development avenues for the industry.

 

Global High Purity Alumina Market- Segmental Analysis

By Type

• 4N High Purity Alumina

• 5N High Purity Alumina

• 6N High Purity Alumina

• Others

The 4N high purity alumina segment is anticipated to amass notable gains over 2022-2030 owing to its massive demand in electronic displays and LED bulbs.

 

By Technology

• Hydrolysis

• Hydrochloric Acid Leaching

• Other

The hydrolysis segment is poised to capture a significant market share over the assessment timeframe attributing to the efficacy of this technology in recovering re-usable acid which can be re-used, thereby minimizing operation costs.

 

By Application

• LED Bulbs

• Semiconductor Substrate

• Li-ion Batteries

• Optical Lenses

• Bio Medical Devices

• Phosphor

• Sapphire

• Others

The LED bulbs segment is expected to amplify significantly over 2023-2033 ascribing to the stringent regulations pertaining to the deployment of energy-efficient lights worldwide.

 

Global High Purity Alumina Market- Geographical Landscape

North America, Asia Pacific, Europe, Middle East & Africa, and Latin America are the major regions constituting the geographical landscape of this business sphere. Among these, Asia Pacific is poised to showcase lucrative expansion trends over 2023-2033 owing to easy availability of raw materials, low labor costs, and rising usage of electronic devices. Besides, increasing research & development investments and rapid technological advancements are adding traction to APAC regional market progression.

 

Global High Purity Alumina market- Recent Developments

·         In 2020, Alcoa Corporation announced a new research partnership with the Australian Renewable Energy Agency (ARENA) to investigate the use of renewable energy in the production of HPA.

·         In 2021, Nippon Light Metal Holdings Company, Ltd. announced plans to increase its production of HPA to meet growing demand for high-performance materials in various industries.

·         In 2022, Baikowski SAS announced the launch of a new line of HPA powders for use in the production of advanced ceramics and electronics.

 

Global High Purity Alumina market: Key Companies

·         Sumitomo Chemicals Co. Ltd.

·         Orbite Aluminae, Inc.

·         Alcoa, Inc.

·         United Company RUSAL Limited

·         King River Resources Limited

·         Mitsubishi Chemical Corp.

·         HMR Co. Ltd.

·         Nippon Hydro ASA

·         Xuancheng Jingrui New Material Co., Ltd.

·         Hong Fu Crystal Technology (Anhui) Co.Ltd.

·         Dalian Hiland Photoelectric Material Co. Ltd.,

·         Hebei Heng Bo New Material Technology Co., Ltd.

·         Altech Chemicals Limited

·         Boikowksi

·         Sasol Ltd.

 

Global High Purity Alumina market: Regional Scope       

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia Pacific

South America

·         Brazil

·         Argentina

·         Rest of South America

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa

 

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1. Global High Purity Alumina Market Introduction and Market Overview

1.1. Objective of the Market Research Study

1.2. HIGH PURITY ALUMINA Market Definition & Description

1.3. Research Data Parameters & Reporting Timelines

1.3.1. Historical Data Reporting Years – 2020 to 2021

1.3.2. Projected Data Reporting Years – 2022 to 2033

1.3.3. Reporting Data Parameters – Value (US$ Million) & Volume (Units)

1.4. Global HIGH PURITY ALUMINA Market Scope and Market Estimation

1.4.1. Global HIGH PURITY ALUMINA Overall Market Size (US$ Million) & (Units), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2. Global HIGH PURITY ALUMINA Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5. HIGH PURITY ALUMINA Market Segmentation

1.5.1. Type of Global HIGH PURITY ALUMINA Market

1.5.2. Technology of Global HIGH PURITY ALUMINA Market

1.5.3. Application of Global HIGH PURITY ALUMINA Market

1.5.4. Key Regions of Global HIGH PURITY ALUMINA Market

 

2. Global HIGH PURITY ALUMINA Market - Executive Summary

2.1. Global HIGH PURITY ALUMINA Market – Summary & Snapshot

2.2. Global HIGH PURITY ALUMINA Market, By Type (US$ Million) & (Units)

2.3. Global HIGH PURITY ALUMINA Market, By Technology (US$ Million) & (Thousand Metric Tons)

2.4. Global HIGH PURITY ALUMINA Market, By Application (US$ Million) & (Thousand Metric Tons)

2.5. Global HIGH PURITY ALUMINA Market, By Geography (US$ Million) & (Thousand Metric Tons)

2.6. Global HIGH PURITY ALUMINA Market Outlook & Future Opportunities

 

3. HIGH PURITY ALUMINA Market Trends, Outlook, and Factors Analysis

3.1. Global HIGH PURITY ALUMINA Market Industry Development Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global HIGH PURITY ALUMINA Market Industry Development

3.1.3. Pre & Post COVID-19 Trends and Scenarios

3.2. Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1. Drivers

3.2.1.1. Increasing adoption of LED bulbs over conventional bulbs

3.2.1.2. Growing electronics & semiconductors industry

3.2.2. Restraints

3.2.2.1. High cost of production

3.2.3. Opportunities

3.2.3.1. Extensive use of sapphire substrates for LED manufacturing has provided a massive growth opportunity

3.2.4. Impact Analysis of Drivers and Restraints

3.3. Ecosystem/ Value Chain Analysis

3.4. Porter’s Five Forces Analysis

3.5. SWOT Analysis

3.6. PEST Analysis

3.7. Average Selling Prices and Pricing Trends Analysis of HIGH PURITY ALUMINA Market

3.8. Technological Roadmap

3.9. Key Investment Pockets of HIGH PURITY ALUMINA Market

3.9.1. By Type

3.9.2. By Technology

3.9.3. By Application

3.9.4. By Regions

 

4. Global HIGH PURITY ALUMINA Market: Estimates & Historic Trend Analysis (2020 to 2021)

4.1. Global HIGH PURITY ALUMINA Market, 2020 – 2021 (US$ Million) & (Thousand Metric Tons)

4.2. Global HIGH PURITY ALUMINA Market, By Type, 2020 to 2021 (US$ Million) & (Thousand Metric Tons)

4.3. Global HIGH PURITY ALUMINA Market, By Technology, 2020 to 2021 (US$ Million) & (Thousand Metric Tons)

4.4. Global HIGH PURITY ALUMINA Market, By Application, 2020 to 2021 (US$ Million) & (Thousand Metric Tons)

4.5. Global HIGH PURITY ALUMINA Market, By Region, 2020 to 2021 (US$ Million) & (Thousand Metric Tons)

 

5. Global HIGH PURITY ALUMINA Market Estimates & Forecast Trend Analysis, by Type

5.1. Global HIGH PURITY ALUMINA Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033

5.2. Global HIGH PURITY ALUMINA Market Size (US$ Million) & (Thousand Metric Tons) Estimates and Forecasts, by Type, 2022 to 2033

5.2.1. 4N high purity alumina (HPA)

5.2.2. 5N high purity alumina (HPA)

5.2.3. 6N high purity alumina (HPA)

5.2.4. Others

 

6. Global HIGH PURITY ALUMINA Market Estimates & Forecast Trend Analysis, by Technology

6.1. Global HIGH PURITY ALUMINA Market Share (%) Estimates and Forecasts, by Technology, 2022 & 2033

6.2. Global HIGH PURITY ALUMINA Market (US$ Million) & (Thousand Metric Tons) Estimates and Forecasts, by Technology, 2022 to 2033

6.2.1. Hydrolysis

6.2.2. Hydrochloric Acid Leaching

6.2.3. Other

 

7. Global HIGH PURITY ALUMINA Market Estimates & Forecast Trend Analysis, by Application

7.1. Global HIGH PURITY ALUMINA Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033

7.2. Global HIGH PURITY ALUMINA Market (US$ Million) & (Thousand Metric Tons) Estimates and Forecasts, by Segment _3, 2022 to 2033

7.2.1. LED Bulbs

7.2.2. Semiconductor Substrate

7.2.3. Li-ion Batteries

7.2.4. Optical Lenses

7.2.5. Bio Medical Devices

7.2.6. Phosphor

7.2.7. Sapphire

7.2.8. Others

 

8. Global HIGH PURITY ALUMINA Market Analysis and Forecast, by Region

8.1. Global HIGH PURITY ALUMINA Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033

8.2. Global HIGH PURITY ALUMINA Market (US$ Million) & (Thousand Metric Tons) Estimates and Forecasts, by Region, 2022 to 2033

8.2.1. North America

8.2.2. Europe

8.2.3. Asia Pacific

8.2.4. Middle East and Africa

8.2.5. Latin America

 

9. North America HIGH PURITY ALUMINA Market: Estimates & Forecast Trend Analysis

9.1. North America HIGH PURITY ALUMINA Market Assessments & Key Findings

9.2. North America HIGH PURITY ALUMINA Market Share (%) Estimates and Forecasts, 2022 & 2033

9.3. North America HIGH PURITY ALUMINA Market Size Estimates and Forecast (US$ Million) & (Thousand Metric Tons) (2022 to 2033)

9.3.1. By Type

9.3.2. By Technology

9.3.3. By Application

9.3.4. By Major Country

9.3.4.1. The U.S.

9.3.4.2. Canada

 

10. Europe HIGH PURITY ALUMINA Market: Estimates & Forecast Trend Analysis

10.1. Europe HIGH PURITY ALUMINA Market Assessments & Key Findings

10.2. Europe HIGH PURITY ALUMINA Market Share (%) Estimates and Forecasts, 2022 & 2033

10.3. Europe HIGH PURITY ALUMINA Market Size Estimates and Forecast (US$ Million) & (Thousand Metric Tons) (2022 to 2033)

10.3.1. By Type

10.3.2. By Technology

10.3.3. By Application

10.3.4. By Major Country

10.3.4.1. Germany

10.3.4.2. The U.K.

10.3.4.3. France

10.3.4.4. Italy

10.3.4.5. Spain

10.3.4.6. Rest of Europe (includes all other European countries)

 

11. Asia Pacific HIGH PURITY ALUMINA Market: Estimates & Forecast Trend Analysis

11.1. Asia Pacific HIGH PURITY ALUMINA Market Assessments & Key Findings

11.2. Asia Pacific HIGH PURITY ALUMINA Market Share (%) Estimates and Forecasts, 2022 & 2033

11.3. Asia Pacific HIGH PURITY ALUMINA Market Size Estimates and Forecast (US$ Million) & (Thousand Metric Tons) (2022 to 2033)

11.3.1. By Type

11.3.2. By Technology

11.3.3. By Application

11.3.4. By Major Country

11.3.4.1. China

11.3.4.2. Japan

11.3.4.3. India

11.3.4.4. ASEAN

11.3.4.5. South Korea

11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)

 

12. Middle East & Africa HIGH PURITY ALUMINA Market: Estimates & Forecast Trend Analysis

12.1. Middle East & Africa HIGH PURITY ALUMINA Market Assessments & Key Findings

12.2. Middle East & Africa HIGH PURITY ALUMINA Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. Middle East & Africa HIGH PURITY ALUMINA Market Size Estimates and Forecast (US$ Million) & (Thousand Metric Tons) (2022 to 2033)

12.3.1. By Type

12.3.2. By Technology

12.3.3. By Application

12.3.4. By Major Country

12.3.4.1. GCC

12.3.4.2. South Africa

12.3.4.3. Egypt

12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)

 

13. Latin America HIGH PURITY ALUMINA Market: Estimates & Forecast Trend Analysis

13.1. Latin America Market Assessments & Key Findings

13.2. Latin America HIGH PURITY ALUMINA Market Share (%) Estimates and Forecasts, 2022 & 2033

13.3. Latin America HIGH PURITY ALUMINA Market Size Estimates and Forecast (US$ Million) & (Thousand Metric Tons) (2022 to 2033)

13.3.1. By Type

13.3.2. By Technology

13.3.3. By Application

13.3.4. By Major Country

13.3.4.1. Brazil

13.3.4.2. Mexico

13.3.4.3. Rest of Latin America (includes all other Latin America countries)

 

14. Competitive Landscape

14.1. Market Revenue Share Analysis (%), by Major Players (2021)

14.2. Market Competition Matrix, by Leading Players

14.3. List of Emerging, Prominent and Leading Players

14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.

 

15. Company Profiles

15.1. Sumitomo Chemicals Co. Ltd.

15.1.1. Company Overview & Insights

15.1.2. Financial Performance

15.1.3. Product / Service Portfolio

15.1.4. Geographical Footprint & Share

15.1.5. Strategic Initiatives & Key Developments

*Similar details would be provided for all the players mentioned below

15.2. Orbite Aluminae Inc.

15.3. King River Resources Limited

15.4. Alcoa Inc.

15.5. United Company RUSAL Limited

15.6. Mitsubishi Chemical Corp.

15.7. Nippon Hydro ASA

15.8. Hong Fu Crystal Technology (Anhui) Co. Ltd.

15.9. Dalian Hiland Photoelectric Material Co. Ltd.

15.10. Hebei Pengda Advanced Material Technology Co. Ltd.

15.11. HMR Co. Ltd.

15.12. Altech Chemicals Limited

15.13. Sasol Ltd

15.14. Baikowski

15.15. Hebei Heng Bo New Material Technology Co., Ltd.

15.16. Xuancheng Jingrui New Material Co., Ltd.

15.17. Others

 

16. Assumptions and Research Methodology

16.1. Data Mining

16.2. Secondary Research

16.3. Primary Research

16.4. Subject Matter Expert Advice

16.5. Quality Check

16.6. Final Review

16.7. Data Triangulation

16.8. Bottom-Up Approach

16.9. Top Down Approach

16.10. Research Flow

16.11. Key Insights from Industry Experts

16.12. Data Sources

16.13. Assumptions

16.14. Limitations

 

17. Conclusions and Recommendations

17.1. Key Research Findings and Conclusion

17.2. Key Insights & Recommendations from Analysts

Quality Assurance Process

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Assign a senior SR executive as QA Executive
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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