High Purity Alumina Market – Latest Study with Future Growth Analysis to 2030
Research Reports
Feb 03, 2022
High Purity Alumina Market Overview
High Purity Alumina Market share is anticipated to record 19.4?GR and influence income worth USD 9,990.2 Million by the end of 2030.
Market highlights
Alumina with high purity is known to be the high-end source of aluminium oxide used in commercial as well as high-tech specialty end-use applications. Due to factors such as growing demand for LED lighting coupled with declining LED costs, increasing demand for lithium-ion batteries due to increased electric vehicle use and increasing demand for mobile applications, the need for HPA is increasingly increasing. Driven products have a high longevity, consistency and reliability, rendering end-user acceptance rates high. In the projected timeframe, this growth in the adoption rate is expected to fuel the market. The market share of HPA products is raised by the phosphorus used to manufacture plasma displays and protective coatings. The High-purity Alumina market offers 360 degrees of research from adaptive chain, import and fare regulation to provincial government policy and potential effects on the sector under the comprehensive COVID-19 epidemic.
There are however a few factors that hamper the market’s growth and progress. Government regulations on “Red Mud” extracts and limited technological expertise needed to provide high purity low-cost production are the factors that could impede the growth of the global high purity alumina market.
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Competitive Dashboard
According to MRFR analysis, the key players in the Global High Purity Alumina Market are
- Nippon Light Metal Holdings Co., Ltd,
- Sasol Alcoa Inc,
- Sumitomo Chemical Co., Ltd, Limited,
- Xuancheng Jingrui New Materials Co., Ltd,
- Hebei Pengda Advanced Materials Technology,
- Altech Chemicals, and
- PSB Industries SA.
The high purity alumina market, along with downstream stakeholders, manufacturers, end consumers, and government organisations, has a diversified network of upstream players, including raw material suppliers. In this report, government and research bodies, manufacturers and dealers of raw materials, construction firms and industry groups are considered important stakeholders.
Segmental analysis
The global alumina market for high purity has been segmented by form, application, and area.
The market has been segmented into 4N, 5N and 6N based on product form.
The worldwide high purity alumina market is expected to lead the 4N group.
Based on use, the global market is segmented into LEDs, semiconductors, phosphorus, and others. The main applications are poised to be LEDs and semiconductors.
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Regional Overview
In Europe, North America, Latin America, the Middle East & Africa, and Asia-Pacific, the global high purity alumina market has been segmented by region.
In the global high purity alumina industry, Asia-Pacific accounted for the largest share of over 65 per cent in 2018. The region is divided into China, Japan, India and the rest of the APAC region, where China’s importance to the Asia-Pacific and world markets is important. In terms of value and volume, China gained more than 55 percent of the global market share and is known for being the top manufacturer and buyer of high-purity alumina. Moreover by gaining over 15 percent of the Asia-Pacific market share, Japan is the second largest market in the Asia-Pacific region. The key growth drivers that drive the high purity alumina market in Asia-Pacific are the developing markets, the presence of existing companies, increasing demand from the automotive and electronics industries, and the the need for LED lighting.
Thanks to the increasing acceptance of high purity alumina in the region’s electronics and semiconductor industries, the North American industry had the second-largest market share of over 15 percent in 2018. This can be due to the rising global industry demand for LED lighting. Due to the simple availability of raw materials and their growing choice in industries because of superior properties, the US is expected to be the leading market in the country.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition 14
2.2 Scope Of The Study 14
2.2.1 Research Objectives 14
2.2.2 Assumptions 15
2.2.3 Limitations 15
2.3 Markets Structure 15
3 Research Methodology
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 17
3.4 Market Size Estimation 17
3.5 Forecast Model 19
4 Market Dynamics
4.1 Introduction 20
4.2 Drivers 21
4.2.1 Growing Demand Of LED Lightings Coupled With Decreasing LED Prices 21
4.2.2 Growing Demand Of Lithium Ion Batteries Due To Increased Use Of Electric Vehicles 22
4.2.3 Increasing Application In Smartphones And Smartwatches Boosting The Market Demand 24
4.3 Restraints 25
4.3.1 Stringent Environmental Regulations On Residues Challenging Market Growth 25
4.3.2 Limited Knowhow On The Technical Expertise Restraining Market Growth 25
4.4 Trends 26
4.4.1 Capacity Expansion By Major Players 26
4.4.2 New Entrants Focusing On Cost Effective And Environmentally Sustainable Production 26
4.5 Opportunity 27
4.5.1 Emerging Applications Of High Purity Alumina In Medical And Defence Creating New Opportunities For The Manufacturers 27
4.6 Porter’s Five Forces Analysis 28
4.6.1 Threat Of New Entrants 28
4.6.2 Threat Of Rivalry 28
4.6.3 Threat Of Substitute 29
4.6.4 Bargaining Power Of Supplier 29
4.6.5 Bargaining Power Of Buyer 29
4.7 Supply Chain Analysis 30
4.7.1 Raw Material Suppliers 30
4.7.2 High Purity Alumina Producers 31
4.7.3 High Purity Alumina Distributors 31
4.7.4 End User 31
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