Global High Purity Alumina Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
The market for High-Purity Alumina (HPA) Market globally is expected to grow rapidly at a CAGR of over 15% during the forecast period. Major factors driving the market studied are the increase in the demands for LED lightings.
– On the flipside, high cost of HPA is expected to hinder the growth of the market in the short term.
– Additionally, HPAs applications in scratch-resistant glass for smartphones & watches and its growing applications in manufacturing optical lens is expected to provide ample opportunities for the growth of the market during the forecast period.
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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
Alpha HPA Limited (Collerina Cobalt), Altech Chemicals Ltd, Andromeda Metals Limited, Baikowski, FYI Resources Limited, Nippon Light Metal Co. Ltd, Orbite Technologies Inc., Polar Sapphire Ltd, Pure Alumina, Rusal, Sasol (USA) Corporation, Sumitomo Chemical Co. Ltd, Xuan Cheng Jing Rui New Material Co. Ltd, Zibo Honghe Chemical Co. Ltd, Hebei Pengda New Material Technology Co. Ltd
Increasing demands for LED based lightings
-One of the major applications of high-purity alumina (HPA) is in the production of synthetic sapphire, which is used as a substrate in LED preparation.
-Production of synthetic sapphire starts with a seed sapphire crystal, a mixture of high purity alumina and un-crystallized sapphire material (crackle), which are heated in a crucible. Currently, sapphire is the most preferred substrate in the LED manufacturing, as it much cheaper than other substrates, such as Silicon Carbide, and Gallium Nitride.
-Currently, more than 50% of the global HPA production is used in LED manufacturing. However, the increasing demand for LED lighting is expected to further drive the market studied, during the forecast period.
-Some of the key factors driving the LED market are growing environmental awareness of public and increasing demand for smart illumination.
In the electronics industry, the synthetic sapphire produced from HPA is also used in manufacturing semiconductor wafers. These silicon-on-sapphire semiconductors are used in radio frequency integrated circuits.
– Hence, the growing demand for LEDs and semiconductors is a major driving factor for the market studied.
Asia Pacific to Dominate the Market
Asia-Pacific dominated and is further expected to dominate through the forecast period. With accelerating usage LED based lightning and increasing application in Li-ion batteries in countries, such as China, India, and South Korea, the consumption of high-purity alumina (HPA) is increasing in the region. China emerged as one the leading producers as well as consumer of lighting products, globally. Some of the lighting products commonly used in China include light emitting diodes (LEDs), electrodeless discharge lamps (EDLs), compact fluorescent lamps (CFLs), and organic light emitting diodes (OLEDs). Furthermore, the country has been focusing on the promotion of electric vehicles. This, in turn, is likely to augment the demand for lithium-ion batteries in the near future. With the growing demand from various applications in different countries, the demand for high-purity alumina (HPA) is projecetd to increase at a high rate during the forecast period.
Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa
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Major points covered in this research are:-
─High Purity Alumina Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers
─Global Market Size (Value) of High Purity Alumina (2020-2025)
─Global High Purity Alumina Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)
─Global High Purity Alumina Production, Revenue (Value), Price Trend by Type
─Global High Purity Alumina Market Analysis by Application
─Global High Purity Alumina Manufacturers Profiles/Analysis
─High Purity Alumina Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global High Purity Alumina Market Forecast (2020-2025)
─Research Findings and Conclusion
Finally, this High Purity Alumina report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent High Purity Alumina product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
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