Global High Purity Alumina Market, By Purity level (4N Purity Level, 5N Purity Level and 6N Purity Level), Application (LED, Semiconductor, Phosphor, Sapphire and Others), End User Industry (Electronics, Automotive and Others), Technology (Hydrolysis and Hydrochloric Acid Leaching), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global High Purity Alumina Market
Data Bridge Market Research analyses that the high purity alumina market will witness a CAGR of 18.5% for the forecast period of 2021-2028. Rising demand for high purity alumina globally and rising technological advancements are the two major factors driving the growth of high purity alumina market.
High purity alumina is a high- purity form of aluminium oxide. High purity alumina falls under the category of non-metallurgical alumina products and is a vital ingredient used in the manufacturing of synthetic fibre. High purity alumina is used as a base material in manufacturing the sapphire substrates and is also extensively used in the production of LED lights, optical windows and smartphone components and semiconductor wafers. There is no substitute to high purity alumina in the manufacturing of synthetic sapphire. Therefore, high purity alumina is high- yield, high- value and high- demanded product. Characterized by a minimum purity level of 99.99%, the high purity alumina possesses properties such as high brightness, corrosion resistance and resistance against high temperatures.
Rising adoption of LED bulbs over traditional bulbs is inducing the growth of high purity alumina. Rising awareness regarding energy consumption and increased efforts by the government to promote awareness about energy- efficient bulbs is further propelling the growth of high purity alumina. Growth and expansion of healthcare and automotive sector have also led to the generation of lucrative remunerative opportunities for the high purity alumina market. Non-availability of substitutes is also fostering the market growth rate.
However, high costs associated with high purity alumina will pose a major challenge to the growth of the market. Stringent regulations imposed by the government on the extraction of “Red Mud” will further create hindrances for the growth of high purity alumina market.
This high purity alumina market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on high purity alumina market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global High Purity Alumina Market Scope and Market Size
The high purity alumina market is segmented on the basis of purity level, application, end user industry and technology. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of purity level, the high purity alumina market is segmented into 4N purity level, 5N purity level and 6N purity level.
- On the basis of application, the high purity alumina market is segmented into LED, semiconductor, phosphor, sapphire and others.
- On the basis of end user industry, the high purity alumina market is segmented into electronics, automotive and others. Electronics segment is sub- segmented into laptops, tablets, mobile phones, UPS and others. Automotive segment is sub- segmented into electric vehicle and plug-in hybrid electric vehicles.
- On the basis of technology, the high purity alumina market is segmented into hydrolysis and hydrochloric acid leaching.
High Purity Alumina Market Country Level Analysis
The high purity alumina market is analysed and market size, volume information is provided by country, purity level, application, end user industry and technology as referenced above.
The countries covered in the high purity alumina market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the high purity alumina market in terms of market share and market revenue. The region is set to continue to flourish its dominance over the forecast period. Rising demand for high purity alumina by automotive and electronics industries is fostering the growth of market in this region. Growth and expansion of various other end user verticals such as chemical industry is bolstering the growth of market. India and China will emerge as the major contributors from this region. Presence of major key players is another important market growth determinant.
The country section of the high purity alumina market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and High Purity Alumina Market Share Analysis
The high purity alumina market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to high purity alumina market.
The major players covered in the high purity alumina market report are Norsk Hydro ASA, Sumitomo Chemical Co., Ltd., Baikowski SA, Alcoa Corporation, Nippon Light Metal Holdings Co., Ltd., Altech Chemicals Ltd, Zibo Honghe Chemical Co., Ltd., Xuan Cheng Jing Rui New Material Co.,Ltd, Sasol LTD, KRATON CORPORATION., Rio Tinto, Polar Sapphire Ltd., Alpha HPA Limited, CHALCO Shandong Advanced Material Co.,Ltd, ORBITE TECHNOLOGIES INC., RusAL., Oxide India, Hebei Heng Bo new material Polytron Technologies Inc., Keheng New Energy Technology (shenzhen) Co., Ltd. and Shandong Gemsung Technology Co., Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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