DUBLIN, Oct. 19, 2020 /PRNewswire/ -- The "High Purity Alumina Market by Type, Technology and Application: Global Opportunity Analysis and Industry Forecast, 2020-2026" report has been added to ResearchAndMarkets.com's offering.
The global high purity alumina market was valued at $1.3 billion in 2019, and is projected to reach $4.8 billion by 2026, growing at a CAGR of 20.7% from 2020 to 2026. High purity alumina (HPA) is a treated premium non-metallurgical form of aluminum categorized by its purity level. It possesses characteristics such as chemical stability, high melting point, high electrical resistance & insulation, and good thermal conductivity, which makes it an ideal choice for engineering applications.
High purity alumina is widely used in manufacturing of LED bulbs, biomedical devices, and Li-ion batteries. The demand for electric vehicles has been surged in recent years across the developing economies such as India and China to curb the carbon emission and to reduce dependency on the fossil fuels such as diesel and petrol. Due to this, the demand for Li-ion batteries has been increased significantly to power the electric vehicles. This factor is likely to increase the demand for high purity alumina. In addition, the demand for biomedical devices has been surged significantly amid corona virus outbreak. Due to growing number of patients affected form the corona virus and other diseases that requires surgical treatments has led to surge in demand for biomedical devices and is anticipated to drive the growth of high purity alumina market. Furthermore, growing demand for smart lighting such LED bulbs due to its high energy efficiency and ability to reduce the energy consumption has led to increase in its demand globally. This factor is anticipated to drive the demand for high purity alumina and will drive the growth of the market during the forecast period.
However, surge in pricing of HPA and stringent government regulations on the extraction of "Red Mud" can hamper the growth of the global high purity alumina market. On the contrary, growing demand for high purity alumina from the emerging economies such as China and India due to upsurge in demand for LED bulbs and rapidly growing medical sector are expected to offer remunerative opportunities for high purity alumina market growth in the near future.
The global high purity alumina market size is segmented on the basis of type, technology, application, and region. On the basis of type, the market is categorized into 4N, 5N, and 6N. By technology, it is bifurcated into hydrolysis and hydrochloric acid leaching (HCL). The applications covered in the study comprise LED bulbs, semiconductor substrates, li-ion batteries, optical lenses, bio-medical devices, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major key players operating in the global high purity alumina industry include Norsk Hydro ASA, Sumitomo Chemical Co., Ltd., Baikowski SAS, Alcoa Inc., Nippon Light Metal Holdings Company, Ltd., Altech Chemicals Ltd., Zibo Honghe Chemical Co. Ltd., Sasol and Xuan Cheng Jing Rui New Material Co. Ltd., and Hebei Pengda Advanced Materials Technology Co., Ltd.
COVID-19 Analysis:
Key Benefits
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Porter'sFive Forces Analysis
3.4. Pricing Analysis
3.4.1. Pricing Analysis, by Type, 2019-2026
3.4.2. Pricing Analysis, by Technology, 2019-2026
3.4.3. Pricing Analysis, by Application, 2019-2026
3.4.4. Pricing Analysis, by Region, 2019-2026
3.5. Value Chain Analysis
3.6. Patent Analysis
3.7. Impact of Government Regulations on the Global High Purity Alumina Market
3.8. Market Dynamics
3.8.1. Drivers
3.8.1.1. Increase in Adoption of Led Bulbs Over Traditional Bulbs
3.8.1.2. Rise in Production of Electric Vehicles (Evs)
3.8.1.3. Rise in Investment in the End-Use Industries
3.8.2. Restraint
3.8.2.1. High Cost of Production
3.8.2.2. Government Regulation on "Red Mud" Extracts
3.8.3. Opportunity
3.8.3.1. Surge in Demand from Emerging Economies
3.8.4. Parent Market Overview
3.9. Electric Vehicle Market Trend Till 2026
3.10. Lithium Ion Battery Future Market Trends
3.11. Impact of Covid-19 on High Purity Alumina Market
3.12. High Purity Alumina Production Outlook
3.12.1. Market Share Analysis, by Major Producer (2019)
3.12.2. Global High Purity Alumina Production (2018-2019)
3.13. Production Cost Analysis
Chapter 4: Global High Purity Alumina Market, by Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2.4N High Purity Alumina (Hpa)
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Share Analysis, by Country
4.3.5N High Purity Alumina (Hpa)
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Share Analysis, by Country
4.4.6N High Purity Alumina (Hpa)
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Share Analysis, by Country
Chapter 5: Global High Purity Alumina Market, by Technology
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Hydrolysis
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Share Analysis, by Country
5.3. Hydrochloric Acid Leaching
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Share Analysis, by Country
Chapter 6: Global High Purity Alumina Market, by Application
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Led Bulbs
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Share Analysis, by Country
6.3. Semiconductor Substrate
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Share Analysis, by Country
6.4. Li-Ion Batteries
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Share Analysis, by Country
6.5. Optical Lenses
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Region
6.5.3. Market Share Analysis, by Country
6.6. Bio Medical Devices
6.6.1. Key Market Trends, Growth Factors, and Opportunities
6.6.2. Market Size and Forecast, by Region
6.6.3. Market Share Analysis, by Country
6.7. Others
6.7.1. Key Market Trends, Growth Factors, and Opportunities
6.7.2. Market Size and Forecast, by Region
6.7.3. Market Share Analysis, by Country
Chapter 7: Global High Purity Alumina Market, by Region
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA
Chapter 8: Competitive Landscape
8.1. Introduction
8.1.1. Top Player Positioning, 2019
8.2. Product Mapping of Top 10 Players
8.3. Competitive Heatmap
8.4. Key Developments
8.4.1. Research & Development
8.4.2. Expansions
8.5. Other Key Players Profile
8.5.1. Key Player Competitive Heat Map
Chapter 9: Company Profiles
9.1. Alcoa Corporation
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Product Portfolio
9.1.5. Business Performance
9.2. Altech Chemicals Ltd.
9.3. Baikowski Sas
9.4. Hebei Pengda Advanced Materials Technology Co. Ltd.
9.5. Nippon Light Metal Holdings Company, Ltd.
9.6. Norsk Hydro Asa
9.7. Sasol Ltd.
9.8. Sumitomo Chemical Co. Ltd.
9.9. Xuancheng Jingrui New Material Co. Ltd.
9.10. Zibo Honghe Chemical Co. Ltd.
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