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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
Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
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. Porters 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