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High Purity Alumina Market is expected to grow at a CAGR of 18.6% during 2021-2026 (general)

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zayaroy
5 days ago
Edited 5 days ago

According to IMARC Group’s latest report, titled “High Purity Alumina Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global high purity alumina market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 18.6% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

High purity alumina (HPA), or aluminum oxide, stands for processed non-metallurgical alumina. It is manufactured through the hydrolysis of aluminum oxide, hydrochloric acid leaching, underwater spark discharge with aluminum, and vapor-phase oxidation processes. HPA can be divided into 4N, 5N, and 6N, depending upon the purity level and exhibits a high melting point, enhanced corrosion resistance, and improved thermal stability. As a result, HPA is widely utilized in the manufacturing of artificial sapphire substrates, light-emitting diodes (LEDs), lithium-ion batteries, semiconductors, smart electronic devices, ceramics, photovoltaic cells, and artificial gemstones.

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Market Trends

The market is primarily driven by the significant growth in the consumer electronics industry. HPA is widely utilized to fabricate semiconductors, which are further used in the assembling of computers, tablets, gaming consoles, televisions, and servers. Additionally, HPA is also used as a coating on lithium-ion batteries that are installed in electronic vehicles (EVs) to optimize efficiency and minimize carbon emissions. Moreover, several product advancements have led to the development of medical bio-ceramics for orthopedic and dental implants, thereby further propelling the market growth. In the coming years, the rising adoption of HPA to produce energy-efficient LED bulbs and sapphires with minimal flaws in the crystal lattice, will continue to drive the market growth on a global level.

Ask Analyst and Browse Full Report with TOC & List of Figure: https://bit.ly/2Sn9Bpn

List of Key Companies Covered in this Market Report:

  • Alcoa Corporation
  • Altech Chemicals Limited
  • Baikowski SAS
  • Coorstek Inc.
  • Nippon Light Metal Holdings Company Ltd
  • Norsk Hydro ASA
  • RusAL
  • Sasol Limited
  • Sumitomo Chemical Co. Ltd
  • Zibo Honghe Chemical Co. Ltd.

The report has segmented the market on the basis of purity level, production method, application and geography

Breakup by Purity Level:

  • 4N
  • 5N
  • 6N

Breakup by Production Method:

  • Hydrolysis of Aluminium Alkoxide
  • Hydrochloric Acid Leaching
  • Others

Breakup by Application:

  • LED
  • Semiconductor Substrate
  • Phosphor
  • Sapphire Glass
  • Others

Breakup by Geography:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021- 2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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