High Purity Alumina (HPA) Market Size by Manufacture, Trends, SWOT, PEST, Porter’s Analysis, For 2020–2027

The Global High Purity Alumina (HPA) Market is forecast to reach USD 11.32 billion by 2027. The major factors contributing to this growth is the increase in its usage in applications like LED lighting, semiconductors, lithium-ion batteries, photovoltaic cells, phosphor, optical lenses, biomedical device, and others. The increase in the production of electric vehicles is also driving the industry.

HPA is used for producing sapphire ingots that are used in products like LED lights or semiconductors. Governments around the world are trying to promote energy-efficient lighting systems, and this is providing a huge boost to the LED segment. The increasing adoption of LED lights is having a positive impact on the market under study. The growing popularity of electric vehicles is forcing automobile manufacturers to focus on the manufacturing of electric as well as hybrid vehicles. Electric Vehicles have lithium-ion batteries that contain high purity alumina, and thus, the growth of the electric vehicle segment is predicted to drive the industry’s growth further. HPA also finds high usage in the semiconductor industry as it is used in the fabrication of semiconductor devices.

Request Free Sample: https://www.reportsanddata.com/sample-enquiry-form/3094

Key players in the market include Alcoa Corporation, Altech Chemicals Ltd, Baikowski, Nippon Light Metal Holdings Company Ltd, Norsk Hydro ASA, Polar Sapphire Ltd, Rio Tinto, RUSAL, Sasol and Sumitomo Chemicals Co. Ltd.

The production of HPA involves a lot of costs, which is somewhat restraining the industry’s growth. For this reason, major players of the industry are trying to come up with innovative solutions in order to make the production process as cost-effective as possible.

Reasons for Buying this Report:

  • The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
  • The study provides pin-point analysis for changing competitive dynamics.
  • The report helps readers in understanding the product segments and their future growth.
  • Analysts in this research report can quickly expand their business by focusing on various business and market strategies. 
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
  • PEST analysis of the market in the five major regions.

Further key findings from the report suggest

  • The 5N type of HPA has a purity level of 99.99%. It possesses properties like scratch resistance, chemical stability and strength, which makes it suitable for the production of sapphire. Polar Sapphire is a major manufacturer of this variant of HPA.
  • Over the years, the semiconductors application segment is continuing to have the second largest market share. It is forecasted to witness a steady growth during 2020-27. Plasma display panels consists of phosphor coatings which is also driving the segment’s growth.
  • In the HCL Leaching process, hydrochloric acid is used instead of caustic soda in order to extract alumina from clay. The product is extracted by acid-leaching using HCL at high temperature and then applying pressure. This process does not find much use in manufacturing processes of different companies but have very good future prospects.
  • North America is expected to witness a considerable amount of growth during the forecast period. Increasing demand of LED lighting systems and the adoption of electric vehicles to a large extent is boosting the industry’s growth in this region. In 2016, Orbite Technologies announced the construction of a new HPA plant in Canada which would cost around USD 122 million.
  • There have been a number of new product launches in the market amongst which 4N HPA Powder of Sapphire grade by Altech Chemicals Limited and Milled Alpha Powder, Spray Dried Alpha Powder, Compressed Pucks, High Purity Alumina Beads by Polar Sapphire Limited require special mention.
  • There have been a number of M&A in the industry in 2019 like PARTNER Capital Group acquiring Aviles and La Coruna plants from Alcoa Corporation, Altech Chemicals Ltd acquiring 29% stakes of Youbisheng Green Paper AG, Baikowski acquiring Mathym SAS and Norsk Hydro ASA acquiring Technal Middle East.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/high-purity-alumina-hpa-market

For the purpose of this report, Reports and Data have segmented into the global High Purity Alumina market on the basis of type, application, manufacturing process and region:

Type Outlook (Revenue, USD Billion; 2020-2027) (Kilo Tons)

  • 4N
  • 5N
  • 6N

Application Outlook (Revenue, USD Billion; 2020-2027) (Kilo Tons)

  • LED Bulbs
  • Semiconductors
  • Lithium-Ion Batteries
  • Optical Lenses
  • Bio Medical Devices
  • Others

Manufacturing Process Outlook (Revenue, USD Billion; 2020-2027) (Kilo Tons)

  • Hydrolysis
  • HCL Leaching
  • Thermal Decomposition
  • Vapor-Phase Oxidation
  • Others

Request For Customization: https://www.reportsanddata.com/request-customization-form/3094

Regional Outlook (Revenue, USD Billion; 2020-2027) (Kilo Tons)

  • North America
    • U.S
  • Europe
    • U.K
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

Explore Reports and Data's Prime Analysis of the global Materials and Chemicals Industry:

Ethyl 3-ethoxypropionate Market Demands

Bismaleimide (BMI) Resins Market Manufacture

Fumed Silica Market Trends

Caustic Soda Prills 99% Market Analysis

Viscose Fiber Market Growth Rate

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Related Reports –

Construction Film Market

Cosmetic Antioxidants Market

Aluminum Caps & Closures Market

Epoxy Primer Market

Industrial Floor Coating Market

Insecticides Market

Comments

Post a Comment

Popular posts from this blog

Benzene Leukemia Market Share, Analysis | Manufacture to Reach USD 118.99 Billion By 2028 | Reports and Data

The Benzene Leukemia Market  is forecast to reach USD 118.99 Billion by 2028, according to a new report by Reports and Data. Benzene Leukemia is a commodity petrochemical and an aromatic hydrocarbon product. It is manufactured as a by-product in refineries and stream crackers. The demand for the product is fueled by the supply and demand of other products derived from it. Benzene Leukemia is used in several range of economic sectors such as construction, electrical & electronics, consumer products, pesticides, and construction. Get a sample copy of the Benzene Leukemia industry report @ https://www.reportsanddata.com/sample-enquiry-form/2326    The rapid growth of end-user industries has significantly driven the applications for the derivatives globally, thus influencing the market growth. Rise in population, coupled with the increase in disposable incomes, has led to the growth of several bulk materials and consumer products. Low price of the feedstock and econ...
Read more

Ethyl 3-ethoxypropionate Market, Trends, Key Factors, Major Companies, Forecast To 2027

Reports and Data’s latest report is an exhaustive study of the global Ethyl 3-ethoxypropionate market and provides accurate market projections, besides key information on the current and future market trends. The Ethyl 3-ethoxypropionate industry analysis report highlights the leading products and services available in this market. Key aspects of the industry including forecast revenue share, sales & distribution, pricing structure, and production and consumption rates of each regional market have been discussed in the report. Furthermore, the report elaborates on the key aspects of the market such as import & export ratios, consumer bases, sales channels, and the most lucrative regional markets.  The global materials & chemicals industry report deals with the manufacture and sales of a wide range of chemical products and materials including soaps, perfumes, detergents, and various industrial chemicals and construction raw materials. Increasing implementation of envi...
Read more

Recyclable Plastics Market Forecast, Revenue Analysis, Opportunities, Trends, Product Launch, 2020–2028

The Global  Recyclable plastics market  is forecast to reach USD 67.55 Billion by 2028, according to a new report by Reports and Data. Increasing awareness about the adverse impact of plastic pollution on environmental stability is on a constant rise. The rise in awareness about its harmful effect has been the result of experiencing the real-life complications associated with plastic pollution along with government initiatives. Such increased awareness about plastic pollution has acted as a significant driving force for the growth of the market. Apart from that, an increased number of research on enhancing recycling technologies and rise in social enterprises that are dealing with the issue of plastic pollution like UrbanR Recycle+ positively impacts the growth of the sector. There has been a rise in demand for plastic in various regions like China being one of the leading nations. However, in these regions, the need for plastics is comparatively high in proportion to the pl...
Read more