Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

High Purity Alumina Market Analysis by Region

Asia Pacific region held the largest market share, driven by the increasing usage of LED-based lighting and the presence of many key manufacturers

The Asia Pacific is likely to hold a significant portion of the market share in the forecast period. China, a global leader in the electronics and automotive sector, is contributing to the growth of the market. In 2020, China constituted 68% of the global smartphone production. The growth of the electronic and automotive sector in China can be attributed to the sophistication of its Information and Communication Technology (ICT) sector and increasing consumer demand for EVs, smart gadgets, virtual reality, and drones.

 

Recent developments in the Asia Pacific high purity alumina market include Polar Sapphire being awarded USD 4.1 million by Sustainable Development Technology Canada (SDTC) for Battery Cleantech, which will allow the company to build a demonstration line for manufacturing high-purity alumina for lithium-ion batteries. Additionally, Ara Partners announced its investment in Polar Sapphire, which will allow the company to build its first massive commercial production line with a capacity of 1,000 tonnes per year.

 

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 Companies

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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Outline the Scope

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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