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.
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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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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.
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List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of purity level, production method, application and geography
Breakup by Purity Level:
Breakup by Production Method:
Breakup by Application:
Breakup by Geography:
Key highlights of the report:
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