The global high purity alumina market Size is anticipated to reach USD 6.68 billion by 2025, expanding at a CAGR of 20.3% over the forecast period. High purity alumina is the most widely used in the manufacturing of sapphire ingots, which are then used in LED, semiconductor, and sapphire-based devices. Increasing government policies to promote energy-efficient lighting have bolstered the LED demand, propelling the HPA industry forward.
High purity alumina is used in sapphire substrates, which are then used in LEDs, the increasing LED supply is expected to benefit the global high purity alumina market. Since semiconductors and glass both use fake sapphire, the growth of the electronics industry has an impact on the growing market for semiconductors. Another significant driver for the high purity alumina industry is the increasing demand for electric vehicles. As high purity alumina is used to coat lithium-ion battery separators, the demand for lithium-ion batteries is skyrocketing as the number of electric vehicles increases. This has resulted in the rapid growth of the high purity alumina market.
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High Purity Alumina Market Report Highlights
•Based on the application, the LED application segment accounted for the highest market share in 2018, owing to the rising need for energy conservation encouraged by several initiatives such as the Paris Agreement.
•Semiconductors were the second-largest application segment in 2018, accounting for 22.1% of production, owing to their properties such as thermal stability, chemical stability, and high strength that make them ideal for use in electronic devices.
•Based on the production, 4N was the largest product segment in 2018, accounting for a revenue share of 41.6%, owing to its low cost and easy availability compared to other grades is expected to increase the demand further over the forecast period.
•North America accounted for a revenue share of 14% in 2018 owing to the increasing demand for electric vehicles in the region which in turn is expected to further boost the demand for the product over the forecast period.
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High Purity Alumina Market Segmentation
Grand View Research has segmented the global high purity alumina market report on the basis of product, application, and region:
High Purity Alumina Product Outlook (Volume, Kilotons, Revenue, USD Million, 2014 – 2025)
High Purity Alumina Application Outlook (Volume, Kilotons, Revenue, USD Million, 2014 – 2025
• Lithium-ion battery
High Purity Alumina Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2014 – 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
Key Players in the High Purity Alumina Market
- Sumitomo Chemical Co., Ltd
- Altech Chemicals Ltd
- Almatis, Inc.
- Nippon Light Metal Holdings Co., Ltd.
- Polar Sapphire Ltd.
- Orbite Technologies Inc.
- Zibo Honghe Chemical Co., Ltd.
- CoorsTek Inc.
- FYI Resources Limited
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