Market Synopsis of Global High Purity Alumina Market:
Global High Purity Alumina Market is growing rapidly at the rate of CAGR of 18.56% over the years and is expected to grow at same pace in forecasted year. With wide array of application of LED products and semiconductors such as electric vehicles, home appliances, hybrid cars and others is driving the growth of High Purity Alumina market. HPA is known as High end valued product in non- metallurgical aluminum market due to its superior properties like high wear- resistance, thermal conductivity and chemical compatibility.
The Global High Purity Alumina Market is segmented based on Products, Application and region for forecasted period 2016 to 2022. On basis of High purity alumina, it is segmented by product type as 4N, 5N and 6N.
- 4N – 99.99% Purity and 0.01% impurity
- 5N- 99.999% Purity and 0.001% impurity
- 6N- 99.9999% Purity and 0.0001% impurity.
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On basis of application, LED accounts for high market share of 54% in forecasted period. LED products have high life span, durability and reliability which makes adoption rate high in end user. This increase in adoption rate is expected to boost the market in forecasted period. Phosphor used in manufacturing of plasma displays and protective coatings increase the market share of HPA product. Others products like Sapphire are used in manufacturing of scratch resistance glass for smartphones and watches.
Geographically, APAC region dominates these HPA market both in terms of volume and value and is expected to grow significantly at a CAGR of 20.75 % in 2022. China is major revenue generating country due to rapid industrialization, low cost of raw material and labor and high manufacturing of LED products. North America, Europe accounts for second and third market share in this segment.
- Asia-Pacific accounts for the largest share in the Global High Purity Alumina Market in 2015
- Due to the presence of established producers and growing LED market
- Asia-Pacific market is expected to witness the highest CAGR of 20.75% from 2015
- China dominates the Asia-Pacific High Purity Alumina Market with more than 55% of share in 2015 due to the presence of large number of producers and huge consumption
- LED accounts for the largest share of 54% in the Global High Purity Alumina Market by application in 2015
Study Objectives of High Purity Alumina Market:
- To study market overview of the High Purity Alumina.
- To estimate market size by product type, by application and region.
- To provide insights about market drivers, restrains and opportunities of High Purity Alumina Market.
- To provide geographically market analysis and outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries.
- To analyze the Global High Purity Alumina Market based on various factors- supply chain analysis, porters five force analysis etc.
- To provide strategic profiling of the key players in the market, broadly analyzing their core competencies.
- To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global High Purity Alumina
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- By Product Type:
- By Application:
The key players of Global High Purity Alumina Market are Alcoa Inc., Sumitomo Chemical Co., Ltd, Nippon Light Metal Holdings Co., Ltd, Zibo Xinfumeng Chemicals Co., Ltd, Sasol Limited, PSB Industries SA, Xuancheng Jingrui New Materials Co., Ltd, Altech Chemicals Limited, Hebei Pengda Advanced Materials Technology Co., Ltd and others.
Key Points from Table of Contents:
9 Company Profiles
9.1 Alcoa Inc.
9.1.1 Company Overview
9.1.2 Product/Business Segment Overview
9.1.4 Key Developments
9.2 Sumitomo Chemical Co., Ltd.
9.2.1 Business Overview
9.2.2 Product/Business Segment Overview
9.2.4 Key Developments
9.3 Nippon Light Metal Holdings Co., Ltd
9.3.1 Business Overview
9.3.2 Product/Business Segment Overview
9.4 Zibo Xinfumeng Chemicals Co., Ltd
9.4.1 Business Overview
9.4.2 Product/Business Segment Overview
9.4.4 Key Development
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