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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
High Purity Alumina Market Trends
Countries such as the U.S., Germany, China, and India are laying out plans to lower carbon emissions and pollution and reduce dependency on traditional fuel sources. The increasing transition towards EVs is catering to the demand for Li-ion batteries, hence favouring the high purity alumina market growth.
Moreover, the growing demand for cleaner energy solutions with the rising environmental consciousness is contributing to an increase in the adoption of LED-based equipment globally. As high-purity alumina is used to produce substrates for LED lights due to their high transparency and heat resistance, the demand for HPA is rising. High-purity alumina is also used to fabricate semiconductors. The increasing production of semiconductors, driven by the rising demand for electronics, is supporting the growth of the market.
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