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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
High Purity Alumina Market Share
4N segment dominates the market due to its wide availability and lower costs
The 4N segment, which refers to high purity alumina with a purity level of 99.99%, is the dominant segment in the market. This segment is widely used in applications such as semiconductors, phosphors, and electronic displays due to its availability and affordability compared to higher purity levels.
As per high purity alumina market analysis, the 5N segment, which refers to high purity alumina with a purity level of 99.999%, is growing at a fast rate. This is due to the high demand for 5N in applications such as LED lighting, optical lenses, and semiconductors.
HPA is mostly used in production of semiconductors and LEDs due to the rising demand for electronics and lightings in residential sector
The semiconductor substrate segment holds a significant market share, driven by the increasing demand for advanced electronic devices and the need for high-quality substrates. Samsung Electronics, a leading semiconductor manufacturer, uses high purity alumina as a substrate material in the production of its advanced memory chips.
The LED lighting segment also holds a significant high purity alumina market share driven by the growing demand for high-brightness LEDs. Philips Lighting uses high purity alumina in the production of its high-brightness LEDs, which are used in various applications such as general lighting, automotive lighting, and display lighting.
Moreover, due to the greater bio-compatible properties with adjacent tissue, improved wear and aesthetic characteristics, alumina finds wide application in dental implants. High-purity alumina is also being increasingly used to produce synthetic sapphire that can act as tough scratchproof glass in smartphones, watches, and televisions.
High Purity Alumina Market Report Snapshots
High Purity Alumina Market Size
High Purity Alumina Market Growth
High Purity Alumina Market Trends
High Purity Alumina Market Share
High Purity Alumina Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the high purity alumina market reached an approximate value of USD 3.32 billion.
The market is expected to grow at a CAGR of 15.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 12.60 billion by 2032.
The major drivers of the market include the growing electronics and semiconductor sector, the rising use of high purity alumina in LEDs, and the increasing adoption of EVs.
Key trends aiding market expansion include the strategic collaborations by companies, rising environmental concerns, the transition towards net zero carbon emissions, and increasing research and development activities.
The major technologies considered are hydrochloric acid leaching, and hydrolysis.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key players in the market are Sumitomo Chemical Co., Limited., Nippon Light Metal Co., Ltd, Baikowski SA, Polar Performance Materials, Honghe Chemical, Norsk Hydro ASA, Aluminum Corporation of China (CHALCO), Sasol Limited, Cadoux Limited, and RUSAL, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124