High Purity Alumina Market – Competitive Analysis
High Purity Alumina Market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the Cold insulation Market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for High Purity Alumina materials in electronics and battery manufacturing industries will influence the end user products from these industries. High Purity Alumina Market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.
Industry/ Innovation/ Related News:
October 2017 – Altech Chemicals Ltd (Australia), one of the key manufacturers of High purity alumina, has announced opening of its new production line for high purity alumina in Malaysia. For this expansion, the company has secured attentiveness to raise USD 17.2 million by placing the shares at USD 0.14, in order to resume its expansion project at Malaysia. This expansion project was contracted by SMS Group GmbH with USD 4 million commitment. After completing the project, the production capacity starts delivering the high purity alumina based synthetic sapphire which is used in the manufacture of LED lights, semiconductor wafers, and scratch resistant glass for electronic gadgets and television sets.
October 2017 – Orbite Aluminae Inc. (Canada), is one of the key competitor in manufacturing high purity alumina, Formerly Exploration Orbite V.S.P.A. Inc has announced that it is currently working on the completion of its three tonnes per day 5N high purity alumina (HPA) production plant which also utilises hydrochloric acid extraction from aluminous clay. HPA production is forecast for Q4 2015 and expansion to 5 tonnes per day is planned in 2016. HPA samples of 4N8 (99.998%) purity have been sent to customers. Increasing consumption of high purity alumina is expected to observe in the forecast period due to presence of high electronics products consumer countries nearby Canada, such as U.S. and Mexico.
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Asia-Pacific accounts for the largest share in the Global High Purity Alumina Market in 2015
Due to the presence of established producers and growing LED market
Asia-Pacific market is expected to witness the highest CAGR of 20.75% from 2015
China dominates the Asia-Pacific High Purity Alumina Market with more than 55% of share in 2015 due to the presence of large number of producers and huge consumption
LED accounts for the largest share of 54% in the Global High Purity Alumina Market by application in 2015
The Global High Purity Alumina Market is segmented based on Products, Application and region for forecasted period 2016 to 2022. On basis of High purity alumina, it is segmented by product type as 4N, 5N and 6N.
4N – 99.99% Purity and 0.01% impurity
5N- 99.999% Purity and 0.001% impurity
6N- 99.9999% Purity and 0.0001% impurity.
On basis of Application, LED accounts for high market share of 54% in forecasted period. LED products have high life span, durability and reliability which makes adoption rate high in end user. This increase in adoption rate is expected to boost the market in forecasted period. Phosphor used in manufacturing of plasma displays and protective coatings increase the market share of HPA product. Others products like Sapphire are used in manufacturing of scratch resistance glass for smartphones and watches.
Geographically, APAC region dominates these HPA market both in terms of volume and value and is expected to grow significantly at a CAGR of 20.75 % in 2022. China is major revenue generating country due to rapid industrialization, low cost of raw material and labor and high manufacturing of LED products. North America, Europe accounts for second and third market share in this segment.
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