High Purity Alumina Market Share, Size, Trends, Industry Analysis Report, By Purity Level (4N, 5N, and 6N); By Technology (Hydrolysis, HCL Based); By Application (Phosphorus, Sapphire, Semiconductor, Electronic Display); By Regions, Segments & Forecast, 2018 - 2026

Global high purity alumina market size was valued at USD 1.82 billion in 2017 and is expected to grow at a CAGR of 16.5% from 2018 to 2026.

Aluminum oxide or alumina, frequently known as AL2O3, is the primary raw level used for the manufacturing of metallic aluminum. High purity alumina (HPA) is one of the purest forms of aluminum oxide. HPA is widely used in various end-use industries such as LED and semiconductor manufacturing industries all around the world.

Asia Pacific High Purity Alumina Market Share By Purity Level, 
2017 - 2025

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The various methods used for producing high purity alumina include vapor phase oxidation, thermal decomposition of ammonium alum, aluminum alkoxide hydrolysis, and underwater spark discharge with aluminum among others. Hydrolysis of aluminum alkoxide is the most common and widely used process required for high purity alumina production. Increasing growth of electronics and semiconductor equipment industries in the Asia Pacific is expected to position the region as a dominant one in the high purity alumina market during the forecast period.

Moreover, the rapidly growing demand for high-resolution television and smartphones is also expected to fuel the growth of the high purity alumina market across North America and Europe. Rising applicability of LEDs in the lighting market coupled with the advanced utility of high purity alumina in smartwatches, smartphones, and tablets will generate lucrative opportunities for medium to small-scale manufacturers thereby helping in the future growth. However, the threat from various substitutes and higher cost of production are some of the major restraints that may affect the growth of the high purity alumina market.

The Asia Pacific is expected to hold the largest market share of the global high purity alumina market. The Asia Pacific is estimated to hold a market share of more than 35% and will continue to maintain its dominance throughout the forecast period of 2018 to 2026.

Segment Analysis

The global high purity alumina market has been segmented on the basis of application, purity level, and technology. Based on the purity level, the market is divided into 4N, 5N, and 6N. The 4N segment held the largest market share among others during 2017 and is expected to hold the largest market share for the forecast period as well. The high market share of 4N can be attributed to its high usage in the lithium-ion batteries that has the immense usage globally across all electronic devices. The global market on the basis of application has been segmented into phosphorus, sapphire, semiconductor, and electronic display among others. The electronic display held the largest market share in 2017 for global high purity alumina market in the application segment which is a result of higher government focus on promoting the environmentally sustainable options like LED that consumes less energy. On the basis of technology, the global market has been segmented into hydrolysis and HCL based. The hydrolysis technology is the most adopted one in terms of technology for the market. Here alcohol and aluminum metal is synthesized together facilitating the retention of acid which can be used later on and that results in reduction of operational costs as well making the hydrolysis process highly feasible.

Regional Analysis

Asia-Pacific is expected to be the market leader in global high purity alumina market over the forecast period of 2018-2026. The growth in consumer electronics industry in countries such as India and China will form a major factor contributing to the Asia Pacific holding the largest market share in the market. Moreover, there has been high demand for LED as a more environmentally friendly solution that will further have a positive impact on the market in Asia Pacific. For example, in January 2015, the UJALA scheme was launched by the Indian government to replace domestic efficient lightning programme scheme or DELP. It was aimed to replace more than 200 million incandescent bulbs with LED bulbs, further translate into saving of over 1.8 GW of electricity annually.

Competitive Analysis

The leading players in the global high purity alumina market focuses on merger and acquisition as a part of their business strategy. For example, Sumitomo Chemical Company, Limited and Excel Crop Care Limited formed a merger on August 2018 where upon merger Sumitomo Chemical India will form the remaining company. Some of the leading companies operating in the High Purity Alumina market are Baikowski Pure Solutions, Sumitomo Chemicals Co. Ltd., Nippon Light Metal, Alcoa Inc., Altech Chemicals limited, Orbite Technologies Inc., and Polar Sapphire Ltd., among others.