High Purity Alumina Market
Global Market Study on High Purity Alumina: Substantial Increase in Demand Witnessed for LED Applications
High Purity Alumina Market Segmented By 4N, 5N, 6N Product Type in LED, Semiconductor, Phosphor
High purity aluminum oxide is often termed as high purity alumina (HPA). It is a high-value, white, granular chemical produced commercially either by treating aluminum with specific chemicals or by use of others aluminous feed stock. Some of the most commonly used processes for HPA production include the alkoxide process, thermal decomposition process, choline hydrolysis process, and modified Bayer process. Furthermore, significant growth of the electronics industry is anticipated to positively impact the expansion of the global high purity alumina market size over the years to come.
Find Out More about the Report Coverage
- Sumitomo Chemical Co., Ltd.
- Sasol Ltd
- Nippon Light Metal Co., Ltd.
- HMR, Co., Ltd.
- Hebei Heng Bo New Material Technology Co., Ltd.
- Xuancheng Jingrui New Material Co., Ltd.
- Dalian Hiland Photoelectric Material Co., Ltd.
High Purity Alumina Market Trends
Product Customization Based on Grade and Specific Applications to Meet End-use Industry Demands: High purity alumina is one of the known chemical compounds used for several end-use applications, especially in the electronics industry. End users are always demanding economic, customized, low-carbon emission, high purity level range of products. In order to meet this demand for customized & tailored products, key manufacturers are focusing on improving product quality as well as purity level. This factor is also responsible for product innovation, which increases demand and sales in the high purity alumina market space.
Augmenting Growth of LEDs to Increase Consumption of HPA in Future: Key features of LEDs over incandescent light such as improved brightness, high efficiency, reduced electric consumption, and others are expected to emerge as a key driving segment for the HPA market, and hence, serve as an apt replacement to them in domestic and industrial markets.
Extensive use of sapphire substrates for LED manufacturing has provided a massive growth opportunity for the high purity alumina market, as it is one of the key requirements for obtaining single crystal sapphire. In 2019, Asia Pacific held around 66% of global electronic equipment production, and around 86% of total fabrication capacity, with key countries such as China and Japan leading LED fabrication. As such, the region is the highest consumer and manufacturer of high purity alumina. Globally, recognized benefits of LEDs have led to governments in China and the U.S. creating awareness among consumers for switchover, and are compelling manufacturers to increase LED production through subsidy programs.
Customize this Report
Explore Intelligence Tailored to Your Business Goals.
Regional Outlook of High Purity Alumina Market
Globally, Asia Pacific is significantly diverse in terms of geo-political conditions, customer base, and regulations as compared to other regions of the world. China is one of the key countries of Asia Pacific, and also diverse in terms of production of chemicals for various end-use industries owing to the presence of a large number for key manufacturers, availability of raw materials, labor at economic price. Thus China is estimated to hold a major high purity alumina market share in terms of value and volume, and is expected to remain dominant over the coming years.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Strategic Improvements in HPA Market
In getting acquainted with regional market structures and strategies, future opportunities for prominent players depend on their market understanding. In addition, effective workforce can improve output in terms of quality as well as quantity, and thus help manufacturers achieve a higher share of the global high purity alumina market. In addition, strong distribution networks will help multinational corporations gain a competitive advantage in regional markets and further stabilize their position in other regional economics.
Explore Persistence Market Research’s expertise in promulgation of the business !
Manufacturers’ Focus: Economic Range Products
Manufacturers in the global high purity alumina market are continuously planning to increase production levels and similarly focusing on developing innovative technologies to reduce environmental footprint and operation costs, and simultaneously increase product yield.
The global HPA market is a highly consolidated market space, with major players based in Asia Pacific, especially in China. In order to meet overall demand for high purity alumina, manufacturers are developing high quality/ purity grade products.
High Purity Alumina Market: Highly Competitive Market
The global HPA market is a highly consolidated space, with several number of global as well as large- and medium-scale players operating in the market. Owing to the presence of a number of regional & domestic players, the market is intensely competitive. Some of the key players in the global high purity alumina market are Sumitomo Chemical Co., Ltd, Sasol Ltd, Baikowski, Nippon Light Metal Co., Ltd. HMR, Co., Ltd, Hebei Heng Bo New Material Technology Co., Ltd, Xuancheng Jingrui New Material Co., Ltd, Dalian Hiland Photoelectric Material Co., Ltd, and others.
COVID-19 Impact on High Purity Alumina Market
The COVID-19 pandemic has affected all regions and most industries. Supply chain and logistic disruptions have slowed down the progress of the high purity alumina market. Raw material imports are getting delayed, and due to manufacturing shutdowns, end-use demand has fallen sharply. The APAC region, which is the highest consumer and manufacturer of HPA, is expected to be adversely affected the most due to various market fluctuations.
Globally, key players in the high purity alumina market are focused on strengthening their global supply chain networks to continue meeting robust demand. Positive economic outlook of various emerging countries and increasing investments are expected to create numerous opportunities for the growth of the high purity alumina market over the coming years.