Market Overview:
The global high purity alumina market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.6 Billion by 2032, exhibiting a growth rate (CAGR) of 21.4% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 2.1 Billion |
Market Forecast in 2032
|
US$ 12.6 Billion |
Market Growth Rate 2024-2032 |
21.4% |
High purity alumina (HPA), or aluminum oxide, refers to processed non-metallurgical alumina. It is usually manufactured through the hydrolysis of aluminum oxide, hydrochloric acid leaching, underwater spark discharge with aluminum and vapor-phase oxidation processes. It can be classified into 4N, 5N and 6N, depending upon the level of purity and exhibits a high melting point, corrosion resistance and thermal stability. As a result, HPA finds extensive applications in the manufacturing of artificial sapphire substrates, light-emitting diodes (LEDs), semiconductors, lithium-ion batteries, smart electronic devices, ceramics, photovoltaic cells and artificial gemstones.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Significant growth in the electronics industry represents one of the key factors creating a positive outlook for the market. HPA is used to fabricate semiconductors, which are further utilized in the assembly of personal computers, tablets, gaming consoles, televisions and servers. Furthermore, the increasing product demand for the manufacturing of LED lights is also contributing to the market growth. Due to rising environmental consciousness, there is a shift in the consumer preference from traditionally used incandescent bulbs towards energy-efficient LED variants. HPA is also used as a coating on lithium-ion (LI-ion) battery separators used in electronic vehicles (EVs) to optimize efficiency and minimize emissions into the environment. Additionally, various product innovations, such as the development of ready-to-use medical bio-ceramics for orthopedic and dental implants, are augmenting the market growth. Other factors, including the widespread utilization of HPA for the production of sapphire with minimal flaws in the crystal lattice, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global high purity alumina market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on purity level, production method and application.
Breakup by Purity Level:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Breakup by Production Method:
- Hydrolysis of Aluminium Alkoxide
- Hydrochloric Acid Leaching
- Others
Breakup by Application:
- LED
- Semiconductor Substrate
- Phosphor
- Sapphire Glass
- Others
Breakup by Region:
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- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Alcoa Corporation, Altech Chemicals Limited, Baikowski SAS, Coorstek Inc. (Keystone Holdings LLC), Nippon Light Metal Holdings Company Ltd., Norsk Hydro ASA, RusAL, Sasol Limited, Sumitomo Chemical Co. Ltd and Zibo Honghe Chemical Co. Ltd.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Purity Level, Production Method, Application, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Alcoa Corporation, Altech Chemicals Limited, Baikowski SAS, Coorstek Inc. (Keystone Holdings LLC), Nippon Light Metal Holdings Company Ltd., Norsk Hydro ASA, RusAL, Sasol Limited, Sumitomo Chemical Co. Ltd and Zibo Honghe Chemical Co. Ltd. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global high purity alumina market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global high purity alumina market?
- What are the key regional markets?
- What is the breakup of the market based on the purity level?
- What is the breakup of the market based on the production method?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global high purity alumina market and who are the key players?
- What is the degree of competition in the industry?