According to the report, the global high purity alumina industry garnered $1.1 billion in 2018, and is estimated to reach $5.1 billion in 2026, growing at a CAGR of 21.7% from 2019 to 2026. The report also provides an in-depth analysis of the drivers & opportunities, top investment pockets, top winning strategies, market size & estimations, competitive landscape, and wavering market trends.

Rise in adoption of LED bulbs over traditional bulbs and surge in investment in end-use industries drive the growth of the global high purity alumina market. On the other hand, high cost of production impedes the growth to some extent. However, rise in demand from the emerging economies is expected to create a number of lucrative opportunities in the near future.

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Based on product type, the 4N high purity alumina (HPA) segment contributed to more than half of the global high purity alumina market share in 2018. This is due to leading companies in this market are spending more on R&D to offer product customization as per the requirements of the application areas and government support, leading to growing adoption of LEDs. Moreover, it costs less compared with other types of HPA which boosted the growth of the segment. On the other hand, 5N high purity alumina segment is projected to grow at the fastest CAGR of 22.3% throughout the study period. This is due to its excellent electrical insulating properties and high heat conductivity, suitability for lithium-ion batteries that are used in electric vehicles, and the growth of hybrid and electric cars in the market.

Based on application, the LED bulb segment held the lion's share in 2018, garnering nearly half of the global high purity alumina market. This is due to the government regulations on production, import, and sale of incandescent lights, and transformation in shift from traditional incandescent light bulbs to energy-efficient LED lighting systems. At the same time, the Li-ion Batteries segment would cite the fastest CAGR of 26.6% by 2026. This is due to rise in demand for electric vehicles globally to curb the carbon emission is likely to increase the demand for Li-ion batteries.

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Based on geography, the North America region would cite the fastest CAGR of 22.7% till 2026. This is due to the rise in energy-saving measures in the region, with legislative support and surge in demand for electric vehicles along with technological advancements in the region. However, the market across Asia-Pacific accounted for more than two-thirds of the global high purity alumina market revenue in 2018 and is projected to lead the trail by 2026. This is due to the increase in demand for cost-effective and long-lasting lights and the government imposed stringent regulations on production, import, and sale of incandescent lights.

Key Benefits For Stakeholders

The global high purity alumina market analysis covers in-depth information of major industry participants.
Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
Major countries have been mapped according to their individual revenue contribution to the regional market.
The report provides an in-depth analysis of the global high purity alumina market forecast for the period 2020–2026.
The report outlines the current global high purity alumina market trends and future estimations of the global high purity alumina market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
The key drivers, restraints, and global high purity alumina market opportunity and their detailed impact analysis is elucidated in the study.


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Leading market players-

Hebei Pengda Advanced Materials Technology Co., Ltd.
Sumitomo Chemical Co., Ltd.
Orbite Technologies Inc.
Nippon Light Metal Holdings Company, Ltd.
Zibo Honghe Chemical Co. Ltd.
Baikowski SAS
Altech Chemicals Ltd
Sasol, and Xuan Cheng Jing Rui New Material Co. Ltd.
Alcoa Inc
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