High Purity Alumina Market Business Overview, Challenges, Opportunities, Trends and Market Analysis by 2022

Market Insights: 

High-Purity Alumina usually has a minimum purity level of 99.99% and is used for several vital applications. The material has properties such as high brightness, an ability to withstand extreme temperature, corrosion resistance, chemical compatibility and crack resistance; High-Purity Alumina is finding increasing applications due to these superior qualities. The Global High-Purity Alumina Market is positioned to witness a highly promising CAGR projection of 18.56% over the assessment period of 2016 to 2022. 

Applications of this material include use in LED products, production of semiconductors, in electronic displays, as separators for lithium-ion batteries and in surgical tools & instruments among others. Globally, government bodies are passing favorable policies which promote LED adoption, thus increasing the demand for High-Purity Alumina. The material has found novel application in the production of semiconductors as a base material in sapphire substrates fabrication which is useful in manufacturing scratch-proof wafers. The strong penetration of personal electronic devices, the growing adoption of electric & hybrid vehicles and other products has led to a flourishing semiconductor market which is also placing an increasing demand for High-Purity Alumina. The material has found novel application in the production of semiconductors as a base material in sapphire substrates fabrication which is useful in manufacturing scratch-proof wafer. 

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The high cost of production of the material and global concern for the environment is encouraging manufacturers to seek a production process with minimal impact on the environment, thus posing a challenge to market growth. However, the market is rife with opportunities which are likely to overshadow restraints. New applications for the High-Purity Alumina are being developed as the material possesses the ability to enhance qualities of other materials, for example, High-Purity Alumina is finding application in transparent ceramics. 

Key Players: 

Key players that have been identified and analyzed for their role in the competitive landscape include Hebei Pengda Advanced Materials Technology Co. Ltd, Zibo Xinfumeng Chemicals Co. Ltd, Xuancheng Jingrui New Materials Co. Ltd, Sumitomo Chemical Co. Ltd, PSB Industries SA, Alcoa Inc., Altech Chemicals Limited, Sasol Limited and Nippon Light Metal Holdings Co. Ltd. 

Latest Industry News: 

FYI Resources has just received results from a recent drilling program at its Cadoux kaolin project in Western Australia. The analysis has confirmed that the kaolin is ideal for refining into High-Purity Alumina. 

Altech Chemicals has landed a non-binding deal for USD 60 million in investment toward its High-Purity Alumina plant in Malaysia. 

Hill End Gold has decided to shift focus and concentrate on developing a lucrative position for itself in the High-Purity Alumina Market and is selling its gold assets to assist in this. 

Market Segmentation: 

The Global High-Purity Alumina Market is segmented based on Product Type, Application, and Region. 

By Product Type, the market is segmented into 4N, 5N, and 6N. 

By Application, the market is segmented into LED, semiconductors, phosphor, and others. The LED segment presently accounts for approximately 54% of the global market due to the growing LED industry which is favorably supported by government authorities across the globe. By region, the global market is segmented into North America, Europe, the Asia-Pacific (APAC) and the Rest of the World (RoW).

Regional Analysis: 

The Asia-Pacific has a massive majority of the global market and leads the market with exceptional growth projected in the forecast period. The region’s market-leading position is due to the concentration of leading market players who manufacture HPA, and the growing LED market which is thriving in the region. Moreover, the region is recognized as a manufacturing hub owing to the comparatively low cost of raw material and labor. China leads growth for the APAC region with more than half of the regions market share; due to the presence of a large number of producers and the massive consumption of High Purity Alumina in the country. The Asia-Pacific is set to grow at the highest CAGR of 20.75% during the assessment period. 

North America and Europe account for the second and third largest regions in the Global High Purity Alumina Market respectively. 

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High Purity Alumina Market 2019 - Trends Forecast Analysis by Manufacturers, Regions, Type and Application to 2022

Market Segment:

The prediction is well intended that the Global High Purity Alumina Market will cross USD 5,816.2 Million mark by 2022 due to its tremendous growth during the past few years. The whooping growth of the market is expected at a CARG of 18.56% till 2022. The impulsiveness of market growth is due to the growing number of electronic industries. From the reports of Market Research Future, the Global High Purity Alumina Market is forecasted to boom a remarkable growth, surpassing its previous growth records concerning valuation.

As the digital world is spreading and access to all digital products is becoming more and more affordable, there has been seen a shift in lifestyle patterns. The consumers are spending on electronics, which could see strong growth in the next five years. Growing applications such as LED products, home appliances, hybrid cars, electric vehicles, and others are driving the growth of Global High Purity Alumina Market.

Key Market Holders:

Considering the future potential of the Global High Purity Alumina Market, key players in the market are actively investing in product launches. The key participants are Altech Chemicals Ltd. (Australia), Alcoa Inc. (U.S.), Orbite Technologies (Canada), Sumitomo Chemical Co., Ltd. (Japan), Baikowski Pure Solutions (France), Nippon Light Metal Company Ltd. (Japan), Rusal (Russia), Sasol (South Africa), Xuancheng Jingrui New Material Co., Ltd. s(China), and HPA Sonics LLC (U.S.).

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Factors Driving High Purity Alumina Market:

MRFR reports include that world demand for High Purity Alumina has expanded incredibly, owing to growing developments in technology and progressive demands from applications such as LED bulbs, electronic displays, and more. This trend is expected to continue gripping the emerging technological advancements in the electronic industry.

High Purity Alumina is extensively used in the manufacturing of the single crystal synthetic sapphire wafers, which is considered to be the second hardest material in the world to produce LED lightings. High Purity Alumina is noted for having high mechanical strength, melting point, and high electrical insulation and good thermal conductivity.

Lighting market across the globe is increasingly penetrating LEDs with newer applications of High Purity Alumina. The usages can be seen in smartwatches, smartphones and tablets, which is supporting in the growth of the High Purity Alumina Market. At the same time, the high costing of production is expecting to load up High Purity Alumina Market growth. With time, many companies are making heavy investments to cater the needs of the market to compliment applications and increasing demands.

In reports by MRFR it is stated that in 2016, the LED bulbs occupied a leading position in high purity alumina market. Recently, this trend is increasing speedily, owing to the shift towards LED lighting from traditional lighting. Moreover, stringent regulations for environmental conditions across the globe have led to increased penetration of LED lights that are energy efficient light sources. Also, increasing consumption of power has also boosted the demand for electricity across the globe.

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Competitive Outlook:

Presence of a few key players in the Global High Purity Alumina Market a monopoly situation leads in the way of innovation and technology advancements. Resultantly, the high purity alumina market is less competitive.

In 2016, LED bulbs application segment occupied the highest share and was expected to grow with a CAGR of 20.3% in terms of volume during the analysis period.

Market Segmentation:

The Global High Purity Alumina Market is segmented based on Products, Application for forecasted period 2016 to 2022.

High Purity Alumina is segmented by product type as 4N, 5N, and 6N. Of these, 4N segment is widely used in manufacturing semiconductors. 5N is popularly used in LED applications.

All three segments are costly, but they are strongly capable of delivering high performance for long-run purposes. These high valued products are widely used as lighting and displays, heat dissipation, and inorganic fillers.

By Application, LEDs accounts for around 54% of High Purity Alumina production in the forecasted period, whereas semiconductors and phosphorus account for 15% and 10% respectively. LED products have a high life span, greater reliability, and durability, due to which there is a high adoption rate in the end user. This adoption rate compels the market to reach a whopping CAGR by 2022.

Regional Analysis:

MRFR reports have found that the APAC region holds the High Purity Alumina Market largely concerning volume and value. This significant feature is expected to grow at a CAGR of 20.75 % in 2022.

Due to rapid industrialization in China, it is the fastest growing revenue generating country. Low cost of raw material and labor, high manufacturing process of LED products has driven the market share to rise.

Whereas, North America is counted for having second market share geographically. Looping, Europe accounts for the third market share globally.

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High Purity Alumina Market Top Companies, Trends and Growth Factors Details for Business Development 2019 -2022

The Global for High Purity Alumina Market is estimated value at USD 5,816.2 MN by 2022 with a CAGR over 18.56 % during the forecast period (2016 to 2022), indicates the study report published by Market Research Future (MRFR). The Global HPA Market had experienced significant growth in the past years and the market is expected to demonstrate moderate developments over the review period.

HPA is typically used in the manufacturing of semiconductors and LED products which are largely used in the sectors like the automobile, aerospace, electrical & electronics, and others. The augmenting demand for lithium-ion battery separator coating acts as a tailwind that forces up the market growth.

Simultaneously, factors such as the strong growth in the demand for high power and high capacity batteries alongside the proliferating demand for smart devices and other consumer electronics, and the market penetration of smart connected devices and wearables provide impetus to the market growth of HPA.

Additionally, significant investments transpired by the key manufacturers in the field of R&D activities is, in turn, driving the market growth, bringing about innovations and betterments in the quality and production methods of HPA.

On the flip side, factors such as volatility in the prices and demand and supply gap of the raw materials required for the production of HPA materials are hampering the market growth. However, improving economic conditions across the globe are expected to provide impetus to market growth, improving consumers’ purchasing power and making luxury items such as automotive and electronics affordable.

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Global High Purity Alumina Market - Segmentations

The report has been segmented into three key dynamics for the scope of understanding

By Type: Adhesives, Resins, Pigments, Solvents, and others.

By End-use: Automotive, Aerospace & Marine, Consumer Goods, and others.

By Regions: Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).

High Purity Alumina Market - Geographical Analysis

The Asia Pacific region dominates the Global HPA Market in terms of volume and value both. The HPA market in the region is estimated to register approximately 20.75 % CAGR during the forecast period (2016-2022). With the enormous growth potential, the High Purity Alumina Market in the APAC region is expected to reach USD 4,311.8 MN by 2022.

Additional factors substantiating the market growth in the region include the ample availability of logistics such as feedstock, cost-competitive workforce and the presence of several producers. China among other APAC countries backed by the rapid industrialization and the growing LED market accounts for the key growth contributor to the regional market.

North America accounts for the second-largest market share in the Global HPA Market. Factors impacting the market growth positively include the augmenting demand for the durable, cost-competitive LED products and the growing demand for lithium-ion batteries due to the market penetration of electric vehicles, and smart, connected devices. Furthermore, the increasing production in electrical & electronics industries alongside the growing investments in the end-user industries such as automotive and aerospace will support the HPA Market in the region.

The European region holds a considerable share in the High Purity Alumina Market. Growing HPA markets in the UK, France & Germany heading with the burgeoning automotive and aircraft manufacturing sectors contributes to the market growth hugely. Moreover, growing innovations and technological advancement in lithium-ion batteries and other LED products in the region are expected to support the regional market.

Global High Purity Alumina Market – Competitive Landscape

The fiercely competitive, High Purity Alumina Market appears to be fragmented due to the presence of several large and small-scale companies. Matured players are increasingly acquiring promising companies to expand in the emerging regions and to improve their market performance. With the innovations in production technologies, the competition in the market is getting intensified. The market also demonstrates strong investment opportunities for the market players.

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Key Player:

Some of the eminent players leading the market include Sumitomo Chemical Co. Ltd., Alcoa Inc., Nippon Light Metal Holdings Co. Ltd., Sasol Limited, Zibo Xinfumeng Chemicals Co. Ltd., PSB Industries SA, Altech Chemicals Limited, Xuancheng Jingrui New Materials Co. Ltd, and Hebei Pengda Advanced Materials Technology Co. Ltd.

Industry/ Innovation/ Related News:

November 02, 2018 – Altech Chemicals Limited (Australia), one of the leading global suppliers of high purity alumina (HPA) announced lodging seven patent applications in Australia and Malaysia for its unique high purity alumina production process involving kaolin (aluminous clay). Out of five, one innovation has already been granted with patent and now in the examination phase. Other two patent applications have been lodged in Malaysia as part of the company’s commitment to place itself in a strong position to protect its intellectual property rights.

The company has also finalized the site layout and building design for its proposed Malaysian high purity alumina (HPA) plant. The final design will be the basis for the submission of a development order application and the start of stage one construction.              

                    

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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High Purity Alumina Market 2018– Market Share, Growth, Analysis, Trends and Forecasts 2022

Market Research Future Published a Cooked Research Report on “Global  High Purity Alumina Market Research Report – Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Altech Chemicals Ltd. (Australia), Alcoa Inc. (U.S.), Orbite Technologies (Canada), Sumitomo Chemical Co., Ltd. (Japan), Baikowski Pure Solutions (France), Nippon Light Metal Company Ltd. (Japan), Rusal (Russia), Sasol (South Africa), Xuancheng Jingrui New Material Co., Ltd. (China), and HPA Sonics LLC (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global High Purity Alumina Market.

High Purity Alumina Market   – Overview
The Global High Purity Alumina Market is growing with the impulsive pace; mainly due to the growing electronics industry. According to a recent study report published by the Market Research Future, The global market of High Purity Alumina is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2018 – 2022).

Globally, the market for High Purity Alumina is driven by the region Asia pacific, owing to the rise in the population resulting in to increasing demand for consumer electronic industries. High Purity Alumina are extensively used in the single crystal synthetic sapphire wafers manufacturing which is the second hardest material in the world to produce light emitting diode (LED) lightings. High Purity Alumina has high mechanical strength, melting point, and high electrical insulation and good thermal conductivity.

As digital access becomes more and more affordable, along with increasing product awareness and a shift in lifestyle patterns, consumer spending on electronics and home appliances could see strong growth in the next five years Moreover growing applications such as vapour deposition materials, heat dissipation sheet, engineering ceramics, automobile battery material, and sealant provide momentum to the High Purity Alumina Market growth.

High Purity Alumina (HPA) is segmented based on purity such as 4N, 5N and 6N which are costlier but they are capable to deliver high performance for long run purposes. These high value added products widely used as heat dissipation inorganic filler, and lighting and displays. The three major applications of HPA have been estimated to be in the production of light emitting diodes (LEDs) which currently accounts for around 50% of HPA production, semiconductors (15%) and phosphors (10%).

4N segment is most widely used in manufacturing semiconductors after that 5N used in LED applications is most popular.

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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.

In addition, Apple Inc. is one of the biggest phone manufacturer in U.S. has announced Apple was the pioneer in introducing sapphire glass into Apple’s iPhone 5 camera lens, and iPhone 5S home buttons. However, the HPA and sapphire market was shattered by Apple’s decision not to proceed with a sapphire cover glass in the iPhone 6 owing to the optical distortions in the screen. By seeing this many other mobile manufacturers are abandoning the use sapphire glass is expected to hamper market growth rate in the forecast period.

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High Purity Alumina Market is growing rapidly at the rate of CAGR of 18.56%

Market Highlights:
The need for High Purity Alumina (HPA) is gradually rising owing to factors such as, growing demand Of LED lightings coupled with decreasing LED prices, growing demand of lithium ion batteries due to increased use of electric vehicles, increasing demand in smartphone application among others. High Purity Alumina is a highly pure form of aluminium oxide (Al2O3), which is also known as non-metallurgical alumina. HPA is a key raw material used in range of applications such as LED, semiconductors, phosphor. Global High Purity Alumina Market is estimated to witness high demand in near future. According to MRFR analysis, the global high purity market was valued at USD XX million in 2015 and is expected to reach USD 5,816.2 million by 2022 expanding with a CAGR of 18.56%. On the basis of type, 4N accounted the largest market value share of 52% in 2015 followed by 5N and 6N. On basis of application, LED accounted for largest market share through the forecast 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 forecast 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.

Regional Analysis:
“Asia-Pacific dominates the market during the forecast period”

For the purpose of this study, Market Research Future has segment the Global High Purity Alumina Market in five different region namely, North America, Europe, Asia-Pacific, South America and Middle East & Africa. The North American market is further divided into the US and Canada while the European market is segmented into Germany, France, UK, Italy, Spain and Rest of Europe. The Asia-Pacific market is sub divided into China, Japan, India and Rest of Asia-Pacific. The Global High Purity Alumina Market is expected to reach $5,816.2 million by the end of forecasted period i.e. 2022. Asia-Pacific has accounted the largest market share followed by North America and Europe. The Asia Pacific region offers huge growth potential for High Purity Alumina Market and is slated to register the highest CAGR of 20.75% to reach $4,311.8 million by 2022 owing to the presence of large number of producers, cheap labor cost and growing application segment.

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Segment Analysis:
Global High Purity Alumina is used in range of hi-tech applications. The market is segmented based on application as LED, semiconductors, phosphor, and others. LED and semiconductors are estimated to be the prominent applications. LED segment is estimated to dominate market with value share of 54.2% by 2016 end. The segment is anticipated to retain its dominance over the forecast period accounting for share of 58% in 2022. This can be attributed to growing demand in LED lightings in global market. Sapphire substrate made of High Purity Alumina are used in LED lightings and there is no suitable alternative available in the market. Semiconductors, which is another prominent application for High Purity Alumina is estimated to account XX% market value share in overall market by 2016 end. The segment is anticipated to witness steady growth owing to increasing demand from SOS (sapphire on silicon) semiconductors. Furthermore, others segment which comprises applications such as, Li-ion batteries and industrial applications is anticipated to witness robust growth. The segment growth is attributed to increasing demand of Lithium ion batteries in electric vehicles.

Scope of the Study:
The scope of the study categorizes the High Purity Alumina Market as by product type, by application.

By Product type

• 4N
• 5N
• 6N

By Application

• LED
• Semiconductors
• Phosphor
• Others

Key Players:
The key players of Global High Purity Alumina Market are Alcoa Inc., Sumitomo Chemical Co., Ltd, Nippon Light Metal Holdings Co., Ltd, Zibo Xinfumeng Chemicals Co., Ltd, Sasol Limited, PSB Industries SA, Xuancheng Jingrui New Materials Co., Ltd, Altech Chemicals Limited, Hebei Pengda Advanced Materials Technology Co., Ltd and others.

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Key Points from Table of Contents: 

9    Company Profiles 

9.1       Alcoa Inc.
9.1.1    Company Overview
9.1.2    Product/Business Segment Overview
9.1.3    Financials
9.1.4    Key Developments 

9.2       Sumitomo Chemical Co., Ltd.
9.2.1    Business Overview
9.2.2    Product/Business Segment Overview
9.2.3    Financials
9.2.4    Key Developments

9.3       Nippon Light Metal Holdings Co., Ltd
9.3.1    Business Overview
9.3.2    Product/Business Segment Overview
9.3.3    Financials 

9.4       Zibo Xinfumeng Chemicals Co., Ltd
9.4.1    Business Overview
9.4.2    Product/Business Segment Overview
9.4.3    Financials
9.4.4    Key Development

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