High Purity Alumina Market Share By Application
Based on volume, LED’s segment will capture over 50% of the high purity alumina market share. The phosphor segment is said to poise over USD 550 million by 2025. Rapid growth of phosphor-based products such as plasma televisions in which high purity alumina is used to control the characteristics of phosphorous products is expected to grow and help boost the high purity alumina market.
High Purity Alumina Industry Share By Technology
Based on revenue, hydrolysis technology will capture over USD 3 billion by 2025. This method involves addition of alcohol to aluminum that facilitate hydrolysis of aluminum alkoxide in producing HPA, appropriate level of purity is achieved by removing contaminants such as iron copper, and silicon to obtain the performance benefits such as higher conductivity, brightness and optimal processing.
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World High Purity Alumina Market is set to grow from its current market value of more than USD 1.2 billion to $4 billion by 2024, growing at a CAGR of over 15%.
High Purity Alumina Market Growth drivers –
- Increasing adoption of LED bulbs over conventional bulbs
- Growing electronics & semiconductors industry
High Purity Alumina (HPA) Market Share By Product
With over 70% of the industry share 4N high purity alumina will foresee growth at a significant pace due to its huge acceptance in energy-efficient lighting solutions and electronic displays. The 5N high purity alumina will account for over USD 1 billion by the end of 2025, owing to its rising usage in sapphire substrates, electrolytic capacitor foils, electronic storage systems and photovoltaic cells.
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High Purity Alumina Market Trends By Region
Some of the crucial challenges of the global high purity alumina market involve expensive feedstock, scarcity and high cost of skilled workforce, strict government regulations and high energy cost required, which will subsequently result in high pricing of finished products and a relatively low profitability. Due to this, the high purity alumina market is mainly dominated by China due to presence of large bauxite reserves in the region.
Based on volume, North America driven by U.S. will exhibit growth with a CAGR of close to 18%. The regional 4N high purity alumina market is said to capture close to USD 350 million by the end of forecast spell.
High Purity Alumina Market Insights By Company Profiles
Global high purity alumina market is highly competitive due to presence of several industry players. Some crucial players in the industry are, Baikowski SAS, Nippon Light Metal Co. Limited, Orbite Technologies, Altech Chemicals Limited, Polar Sapphire Limited, Sasol, UC RUSAL, Sumitomo Chemical, Alcoa Corporation, Zibo Honghe Chemical Company.
Browse key industry insights spread across 240 pages with 335 market data tables & 23 figures & charts from the report, “High Purity Alumina (HPA) Market Size By Technology (Hydrolysis, HCl Leaching), By Product (4N, 5N, 6N), By Application (LED’s, Semiconductors, Phosphor, Sapphire), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
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Table of Contents (ToC) of the High Purity Alumina Market Report:
High Purity Alumina Market Analysis By Charts & Figures
FIG. 1 Industry segmentation
FIG. 2 Global high purity alumina (HPA) volume & revenue (Tons) (USD Million), 2014 – 2025
FIG. 3 Industry ecosystem analysis
FIG. 4 Growth potential analysis
FIG. 5 Porter’s analysis
FIG. 6 PESTEL analysis
FIG. 7 Regional price trends (USD/Kg)
FIG. 8 Cost structure analysis
FIG. 9 SWOT analysis, Orbite Technologies Inc.
FIG. 10 SWOT analysis, Altech Chemical Ltd.
FIG. 11 SWOT analysis, Baikowski SAS
FIG. 12 SWOT analysis, Alcoa Corporation
FIG. 13 SWOT analysis, Nippon Light Metal Holdings Company, Ltd.
FIG. 14 SWOT analysis, Zibo Honghe Chemical Co. Ltd.
FIG. 15 SWOT analysis, United Company RUSAL Plc
FIG. 16 SWOT analysis, Norsk Hydro ASA
FIG. 17 SWOT analysis, Rio Tinto Alcan Inc.
FIG. 18 SWOT analysis, Hebei Pengda Advanced Materials Technology Co. Ltd.
FIG. 19 SWOT analysis, Shandong Keheng Crystal Material Technologies Co. Ltd.
FIG. 20 SWOT analysis, CHALCO Shandong Co. Ltd.
FIG. 21 SWOT analysis, Polar Sapphire Ltd.
FIG. 22 SWOT analysis, Sumitomo Chemical Company
FIG. 23 SWOT analysis, Sasol
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/high-purity-alumina-hpa-market
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