Global High Purity Alumina Market was valued $1.1 Billion in 2018, and is projected to reach $5.1 Billion by 2026; with a CAGR of 21.7% from 2019 to 2026. Asia-Pacific is a dominant market holding a major market share, driven by growing demand in China, India, and Japan.
The major factors driving the global high purity alumina are its increase in applications in semiconductors, LED lighting, lithium ion batteries, plasma display screen, phosphor, hybrid cars, optical lenses, sodium lamps, and smartphone sapphire glass. Moreover, increase in demand for high purity alumina from LED lighting industry is also supporting the growth of the market. Further, increase in demand for lithium ion batteries due to surge in demand for electric cars globally in order to curb carbon emission is expected to strengthen the market in the future years.
The global high purity alumina is segmented by type, technology, application, and region. On the basis of type, the high purity alumina market size is categorized into 4N, 5N, and 6N. By technology, it is bifurcated into hydrolysis and hydrochloric acid leaching (HCL). The global high purity alumina market application split covers LED bulbs, semiconductor substrates, Li-ion batteries, optical lenses, bio-medical devices, and others. By geography, market is segment into North America, Europe, Asia Pacific, and Rest of the World (RoW).
The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico, while Europe covers UK, Germany, France, Italy, and Rest of Europe. China, Japan, India, Korea, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Top players in the global high purity alumina market are Orbite Technologies Inc., 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., among others.
The Highlights of the Report
Scope of the Global High Purity Alumina Market