High Purity Alumina Market Key Drivers & On-Going Trends 2022 to 2030

High Purity Alumina Market Key Drivers & On-Going Trends 2022 to 2030

The global high purity alumina market was worth USD 1.48 billion in 2020 and is anticipated to amplify at a CAGR of 20.1% over 2022-2030, thereby amassing a valuation of USD 6.29 billion by the end of the assessment timeframe. 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.

High purity alumina is another name for high purity aluminium oxide (HPA). It is a valuable, white, granular chemical that is manufactured for use in industry either by processing aluminium with particular chemicals or by using different sources of aluminium as a feedstock. The alkoxide process, thermal decomposition process, choline hydrolysis process, and modified Bayer process are a few of the most often utilised methods for producing HPA. Additionally, it is projected that the electronics industry's rapid expansion will have a favourable effect on the growth of the high pure alumina market throughout the ensuing years.

High brightness, corrosion resistance, the ability to endure great temperatures, high mechanical strength, superior thermal conductivity, and high electrical & insulating resistance are just a few of the qualities that high-purity alumina boasts. They are primarily utilised in the electronics and semiconductor industries, including in photovoltaic cells, LCD displays, electronic storage systems, and light-emitting diodes (LEDs). High-purity alumina is also widely used in infrastructure projects including building roads and highways, developing smartphone apps, and the auto sector.

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 2022-2030 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 2022-2030 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.

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Top Key Players:-

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

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Frequently Asked Questions (FAQ):

Q1. What is the total market Size of the global High Purity Alumina Market?

Q2. Who are the top players in High Purity Alumina market?

Q3. What are the major areas of development for High Purity Alumina market?

Q4. Which industry is projected to increase the demand for High Purity Alumina Market?

Q5. What are the emerging trends in High Purity Alumina market?

Q6. Which is the most influencing segment in the global High Purity Alumina market report?

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