Global High Purity Alumina Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026


Posted December 26, 2019 by ganpan

Global High Purity Alumina Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026

 
The global high purity alumina market was valued at USD 1.4 billion in 2018 and is expected to reach USD 4.3 billion in 2026, growing at a CAGR of 15.04% during the forecast period.
By Application
LED, Semiconductor, Phosphor, Sapphire, Others

Company Profiles and Competitive Intelligence:
The major players operating in the global high purity alumina market are Altech Chemicals Limited (Australia), Alcoa Inc. (New York), Orbite Technologies Inc. (Canada), Sumitomo Chemical Co., Ltd. (Japan), Bukowski (France) and Other
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“The rising demand of high purity alumina from LED industries, rising investment in end-use industries and non-availability of substitutes of HPA in the market are the main growth factors for the global high purity alumina market.”

High-purity aluminium oxide is commonly referred to as HPA. High purity alumina is a high-value, high-yield and highly-demanded product, as it is a critical ingredient for the production of synthetic sapphire. Synthetic sapphire is usually used in the manufacture of LED light substrates, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces optical windows and smartphone components. In the production of synthetic sapphire, there is no replacement for HPA.
The rising investment in end-use industries and the non-availability of substitutes of HPA are expected to increase the demand for high purity alumina in the global market. However, the increasing demand from emerging economies coupled with increasing population and growing disposable income is expected to boost the growth of the global high purity alumina market during the forecast period. High production costs of the products are expected to hamper the growth of the market during the forecast period.
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Key Findings:
• Based on the purity level, the 4N segment is expected to lead and accounted for almost 55% market share in the global market in 2018
• Based on the application, the LED segment expected to grow at the fastest rate of 19.6% CAGR during the forecast period
• In 2018, Asia Pacific is accounted to hold the highest market share of 34% in the global high purity alumina market
Recent News:
• In March 2019, Pure Alumina, Australia's leading manufacturer of High Purity Alumina announced their acquisition of Polar Sapphire. This will help Pure alumina to start the commercial production of HPA production, which will be widening its product portfolio and bring technological advancement.
• In June 2017, Quantum Resources, a U.S .based company recently announced its acquisition of Halcyon Resources Pty Ltd., a major player in high-purity alumina and high-purity silica located in Australia. This will benefit Quantum in the advancement of technology, to pursue a new focus on energy metal and broaden the product portfolio to provide better services.
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Last Updated December 26, 2019