Demand of High Purity Alumina (HPA) Market in Global Industry : Market Development, Analysis and Overview 2018-2026

ResearchMoz presents professional and in-depth study of “High Purity Alumina (HPA) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”.

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 other aluminous feed stock.

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Some of the most commonly used processes for HPA production include alkoxide process, thermal decomposition process, choline hydrolysis process, and modified Bayer process. Prominent product types offered in the HPA market are 4N HPA–99.99%, 5N HPA–99.999%, and 6N HPA– 99.9999%.

Developing economies such as those in Asia Pacific in particular are expected to witness strong growth in adoption of LEDs for lighting applications over the forecast period. Increasing demand for HPA from the electronics industry and for other applications such as lithium-ion battery, sapphire glass for optical applications, and sapphire screens among others is expected to fuel the high purity alumina market during the forecast period.

High purity alumina is utilized in applications such as LED production, semiconductor industry, sapphire substrates (such as sapphire glass, monocrystals, LCDs, etc.), lithium-ion battery production (as battery separator coatings) among others. Production costs for LEDs and related products have declined over the recent past. Furthermore, this trend is expected to continue over the forecast period. Thus, steady rise in demand for LEDs and the corresponding increase in LED production are expected to drive the consumption of high purity alumina during the forecast period.

Recent advances in LED technology have prompted governments to quickly adopt the technology. With development in energy efficient technology, developed as well as developing economies are quickly moving to LEDs to avert an energy crisis. For instance, the government of China offers substantial subsidies for LED production in order to ensure rapid expansion of the LED industry in the country. Also, the U.S. Department of Energy has highlighted the benefits associated with the switchover to LED lighting against conventional lighting. Accordingly, there has been a significant focus on increasing the penetration of LEDs, especially in lighting applications in the U.S..

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Companies are continuously adopting the strategy of expanding their geographical footprint through capacity expansion, introduction of new products, and expansion of end-use portfolios. For instance, Sumitomo Chemical Co., Ltd. expanded the production capacity of a manufacturing facility for high-purity alumina, used mainly as a raw material for sapphire substrates used in LEDs, from 1,600 tons per year to 3,200 tons per year.

Production of high purity alumina is highly capital intensive, which creates high entry barriers for new entrants. High production costs result in high cost of end-products and relatively low profitability. Thus, the market is highly consolidated and is mainly dominated by major players based in China, Japan, South Korea, and the U.S.

The report analyzes and forecasts the market for high purity alumina at the global and regional level. The market has been forecast based on volume (tons) and revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global high purity alumina market. It also covers the impact of these drivers and restraints on the demand for high purity alumina during the forecast period. The report also highlights opportunities in the high purity alumina market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global high purity alumina market. The Porter’s Five Forces model for the high purity alumina market has also been included to help understand the competitive landscape. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global high purity alumina market by segmenting it in terms of grade, application, and region. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and forecast demand for high purity alumina in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual application segments in all regions.

The study includes profiles of major companies operating in the global high purity alumina market. Key players profiled in the global high purity alumina market include Sumitomo Chemical Co. Ltd., Sasol Ltd., Baikowski SAS, Hebei Heng Bo New Material Technology Co. Ltd., Nippon Light Metal Co. Ltd., Altech Chemicals Ltd., and Polar Sapphire Ltd. Market players have been profiled in terms of attributes such as company overview, business strategies, recent developments, financial details, etc.

The report provides the estimated market size of high purity alumina for 2017 and forecast for the next nine years. The global size of the high purity alumina market has been provided in terms of volume and revenue. Market numbers have been estimated based on grade, application, and region. Market size and forecast for each grade and application have been provided in terms of global and regional markets.

High Purity Alumina Market – Grade Analysis

4N
5N
6N

High Purity Alumina Market – Application Analysis

LEDs
Semiconductor
Phosphor
Li-ion Batteries
Sapphire
Others

High Purity Alumina Market – Regional Analysis

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Russia & CIS
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
South Korea
Australia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America

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Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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