High Purity Alumina Market - Overview
The global High Purity Alumina Market is growing with an impulsive pace, mainly due to the growing electronics industry. According to a recent study report published by the Market Research Future, The global market of High purity alumina is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2030, surpassing its previous growth records in terms of value with a striking CAGR 19.4% during the estimated period (2022 – 2030).
Globally, the market for high purity alumina is driven by the region Asia pacific, owing to the rise in the population resulting in to increasing demand for consumer electronic industries. High purity alumina are extensively used in single crystal synthetic sapphire wafers manufacturing which is the second hardest material in the world to produce light-emitting diode (LED) lightings. High purity alumina has high mechanical strength, melting point, high electrical insulation and good thermal conductivity.
As digital access becomes more and more affordable, along with increasing product awareness and a shift in lifestyle patterns, consumer spending on electronics and home appliances could see strong growth in the next five years Moreover growing applications such as vapor deposition materials, heat dissipation sheet, engineering ceramics, automobile battery material, and sealant provide momentum to the High Purity Alumina Industry.
Altech Chemicals Ltd. (Australia)
Alcoa Inc. (U.S.)
Orbite Technologies (Canada)
Sumitomo Chemical Co.
Baikowski Pure Solutions (France)
Nippon Light Metal Company Ltd. (Japan)
Sasol (South Africa)
Xuancheng Jingrui New Material Co.
and HPA Sonics LLC (U.S.)
The High Purity Alumina Market has been segmented into type and applications. Based on the segment which is type, the market is categorized on the basis of 4N, 5N and 6N. The global market for high purity alumina is further segmented based on applications into LED, phosphor, semiconductor, and others.
The global High Purity Alumina Market research report covers all the aspects of the market based on the segmental analysis of these type and applications segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The type and applications segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market-based decision-makers as well as primary and secondary sources. The market research report presents analysis-based information for companies functioning in the market.
Strict environmental regulations on residues may hinder the high purity aluminum oxide Market growth. The market research report suggests that companies in the market could be supported by augmented use of electric vehicles as well as increasing application in smart devices during the forecast period. The High Purity Alumina Market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global High Purity Alumina Market research report reveals that APAC, North America, and Europe regional markets will dominate the global market for high purity alumina during the forecast period. The High Purity Alumina Market is set to witness tremendous growth across LED, semiconductor, and phosphor segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the market research report.
The market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The High Purity Alumina Market report covers all such regions including the Middle East, Africa, Brazil, and others.
Industry/ Innovation/ Related News:
October 2022 – Altech Chemicals Ltd (Australia), one of the key manufacturers of High purity alumina, has announced opening of its new production line for high purity alumina in Malaysia. For this expansion, the company has secured attentiveness to raise USD 17.2 million by placing the shares at USD 0.14, in order to resume its expansion project at Malaysia. This expansion project was contracted by SMS Group GmbH with USD 4 million commitment. After completing the project, the production capacity starts delivering the high purity alumina based synthetic sapphire which is used in the manufacture of LED lights, semiconductor wafers, and scratch resistant glass for electronic gadgets and television sets.
October 2022 – Orbite Aluminae Inc. (Canada), is one of the key competitor in manufacturing high purity alumina, Formerly Exploration Orbite V.S.P.A. Inc has announced that it is currently working on the completion of its three tonnes per day 5N high purity alumina (HPA) production plant which also utilises hydrochloric acid extraction from aluminous clay. HPA production is forecast for Q4 2015 and expansion to 5 tonnes per day is planned in 2016. HPA samples of 4N8 (99.998%) purity have been sent to customers. Increasing consumption of high purity alumina is expected to observe in the forecast period due to presence of high electronics products consumer countries nearby Canada, such as U.S. and Mexico.
In addition, Apple Inc. is one of the biggest phone manufacturer in U.S. has announced Apple was the pioneer in introducing sapphire glass into Apple’s iPhone 5 camera lens, and iPhone 5S home buttons. However, the HPA and sapphire market was shattered by Apple’s decision not to proceed with a sapphire cover glass in the iPhone 6 owing to the optical distortions in the screen. By seeing this many other mobile manufacturers are abandoning the use sapphire glass is expected to hamper market growth rate in the forecast period.
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