High Purity Alumina Market : Segmented by Product Outlook (4N, 5N, 6N); By Application Outlook (LED, Semiconductor, Phosphor, Sapphire, Lithium-ion battery, Others) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030
High Purity Alumina market to surpass USD 14.69 billion by 2030 from USD 2.58 billion in 2020 at a CAGR of 18.99% in the coming years, i.e., 2021-30. Product Overview High purity alumina (HPA) ... もっと見る
SummaryHigh Purity Alumina market to surpass USD 14.69 billion by 2030 from USD 2.58 billion in 2020 at a CAGR of 18.99% in the coming years, i.e., 2021-30.Product Overview High purity alumina (HPA) is a type of aluminum oxide with a high purity (Al2O3). High Purity Alumina is a crucial component used in the manufacturing of synthetic sapphire. It is a high-value, high-margin, and high-demand commodity. Synthetic sapphire is used to make substrates for LED lights, semiconductor wafers for the electronics industry, and scratch-resistant sapphire glass for wristwatch faces, optical windows, and smartphone components. In the production of synthetic sapphire, there is no substitute for HPA. HPA is increasingly being utilized as a separator sheet coating in lithium-ion batteries. Market Highlights High Purity Alumina market is expected to project a notable CAGR of 18.99% in 2030 The falling prices of LEDs, rising consumer awareness of its cost-effectiveness and eco-friendly aspect, and expanding use in the automotive sector for applications like as adaptive driving are all key factors driving the market growth. Over the projection period, the expansion of the LED market is expected to have a beneficial impact on HPA consumption. High Purity Alumina Market: Segments segment to grow with the highest CAGR during 2020-30 High Purity Alumina market is segmented by Products 4N, 5N, 6N. Among these,, the 4N category dominated the market in 2020. LED bulbs and electrical displays are the most popular uses for 4N HPA. Leading firms in this market are increasing their R&D expenditures in order to provide product customization to meet the needs of certain application areas. During the forecast period, the market for 4N HPA is projected to be driven by government support, which will lead to increased use of LEDs and lower costs than other types of HPA. LED segment to grow with the highest CAGR during 2020-30 High Purity Alumina market is segmented by Application into LED, Semiconductor, Phosphor, Sapphire, Lithium-ion battery, Others. Among these,, the LED category had the highest revenue share in 2020. In comparison to traditional incandescent bulbs, LED bulbs have seen a substantial increase in demand throughout the globe. The market penetration of LEDs is fueled by the implementation of stringent laws to deploy energy-efficient lights all over the globe. Moreover, a government initiative to encourage people to adopt LED lights to save energy is expected to raise the demand for LED bulbs. Market Dynamics Drivers Increasing demand of HPA for electric vehicles An important driver for the high purity alumina industry is the rising manufacturing of electric vehicles (EVs). The demand for lithium-ion batteries is rising as the number of electric vehicles (EVs) grows. As HPA is used to coat lithium-ion battery separators, this has resulted in rapid HPA consumption. Increasing demand in Developing nations An important driver for the high purity alumina industry is the rising manufacturing of electric vehicles (EVs). The demand for lithium-ion batteries is rising as the number of electric vehicles (EVs) grows. As HPA is used to coat lithium-ion battery separators, this has resulted in rapid HPA consumption. Restraint High cost and restriction The global high purity alumina market may be hampered by rising HPA prices and strict government regulations on the extraction of "Red Mud”. High Purity Alumina Market: Key Players Sumitomo Chemical Co. Ltd. Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis Nippon Light Metal Holdings Co. Ltd. Altech Chemicals Ltd. Baikowski Pure Alumina Zibo Honghe Chemical Co. Ltd. AEM Canada Baikowski SAS Alcoa Inc. Norsk Hydro ASA Global High Purity Alumina Market: Regions Global High Purity Alumina market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East,, and Africa Due to the growth of markets such as China and India, Asia-Pacific accounted for a significant market share in 2019. The presence of established HPA players in the region, as well as increased demand for HPA from the automotive and electronics sectors, are likely to boost HPA demand in the region. Furthermore, the government's strict regulations on the manufacturing, import, and sale of incandescent lights have fueled the rise of the smart lighting sector, which makes LED bulbs, boosting demand for HPA across the area. Global High Purity Alumina market is further segmented by region into: North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil,, and Rest of Latin America Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany,, and Rest of Europe Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – China, Japan, Australia,, and Rest of APAC Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa,, and Rest of MENA High Purity Alumina report also contains analysis on: High Purity Alumina Segments: By Product 4N 5N 6N By Application LED Semiconductor Phosphor Sapphire Lithium-ion battery Others High Purity Alumina Market Dynamics High Purity Alumina Market Size Supply & Demand Current Market Trends/Issues/Challenges Competition & Companies Involved in the Market Value Chain of the Market Market Drivers and Restraints High Purity Alumina Market Report Scope and Segmentation Report Attribute Details Market size value in 2021 USD 3.07 billion Revenue forecast in 2030 USD 14.69 billion Growth Rate CAGR of 18.99% from 2021 to 2030 Base year for estimation 2020 Quantitative units Revenue in USD billion and CAGR from 2021 to 2030 Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered Product, Application and Region Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA) Key companies profiled Sumitomo Chemical Co. Ltd., Nippon Light Metal Holdings Co. Ltd., Altech Chemicals Ltd., Baikowski, Pure Alumina, Zibo Honghe Chemical Co. Ltd., AEM Canada, Baikowski SAS, Alcoa Inc., Norsk Hydro ASA and Other Prominent Players. Frequently Asked Questions How big is the High Purity Alumina market? What is the High Purity Alumina market growth? Which segment accounted for the largest High Purity Alumina market share? Who are the key players in the High Purity Alumina market? What are the factors driving the High Purity Alumina market? Table of ContentsContents1. Executive Summary 2. High Purity Alumina Market 2.1. Product Overview 2.2. Market Definition 2.3. Segmentation 2.4. Assumptions and Acronyms 3. Research Methodology 3.1. Research Objectives 3.2. Primary Research 3.3. Secondary Research 3.4. Forecast Model 3.5. Market Size Estimation 4. Average Pricing Analysis 5. Macro-Economic Indicators 6. Market Dynamics 6.1. Growth Drivers 6.2. Restraints 6.3. Opportunity 6.4. Trends 7. Correlation & Regression Analysis 7.1. Correlation Matrix 7.2. Regression Matrix 8. Recent Development, Policies & Regulatory Landscape 9. Risk Analysis 9.1. Demand Risk Analysis 9.2. Supply Risk Analysis 10. High Purity Alumina Market Analysis 10.1. Porters Five Forces 10.1.1. Threat of New Entrants 10.1.2. Bargaining Power of Suppliers 10.1.3. Threat of Substitutes 10.1.4. Rivalry 10.2. PEST Analysis 10.2.1. Political 10.2.2. Economic 10.2.3. Social 10.2.4. Technological 11. High Purity Alumina Market 11.1. Market Size & forecast, 2020A-2030F 11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12. High Purity Alumina Market: Market Segmentation 12.1. By Regions 12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.2. Europe: (Germany, UK, France, Italy, Spain, and Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.3. Asia-Pacific: (China, India, Japan, Australia and Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.4. Latin America: (Brazil, Mexico, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.5. Middle East and Africa, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2. By Product: Market Share (2020-2030F) 12.2.1. 4N, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.2. 5N, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.3. 6N, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3. By Application: Market Share (2020-2030F) 12.3.1. LED, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.2. Semiconductor, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.3. Phosphor, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.4. Sapphire, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.5. Lithium-ion battery, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.6. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.4. Company Profile 12.5. Sumitomo Chemical Co. Ltd. 12.5.1. Company Overview 12.5.2. Company Total Revenue (Financials) 12.5.3. Market Potential 12.5.4. Global Presence 12.5.5. Key Performance Indicators 12.5.6. SWOT Analysis 12.5.7. Product Launch 12.6. Nippon Light Metal Holdings Co. Ltd. 12.7. Altech Chemicals Ltd. 12.8. Baikowski 12.9. Pure Alumina 12.10. Zibo Honghe Chemical Co. Ltd. 12.11. AEM Canada 12.12. Baikowski SAS 12.13. Alcoa Inc. 12.14. Norsk Hydro ASA Consultant Recommendation **The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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