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GLOBAL HIGH PURITY ALUMINA (HPA) MARKET FORECAST 2021-2028

GLOBAL HIGH PURITY ALUMINA (HPA) MARKET FORECAST 2021-2028

  • November 2020
  • ID: 5983342
  • Format: PDF
  • Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The global high purity alumina (HPA) market is predicted to evolve at a CAGR of 16.07% in terms of revenue and 16.50% in terms of volume during the forecast period, 2021-2028. The factors influencing the growth of the market are the growing adoption of LED bulbs over traditional bulbs, and the rising production of electric vehicles (EVs).

MARKET INSIGHTS
High purity alumina (HPA) is characterized by a minimum purity level of 99.99%. It is used as a base material in the manufacture of sapphire substances in applications like LEDs (light-emitting diodes). There has been an increase in the production of electric vehicles. The automobile manufacturers are increasingly prioritizing the production of electric vehicles (EVs), given the implementation of environmental regulation by governments of developing countries like India, the US, China, Germany, etc. This will increase the demand for Li-ion batteries, since they are used in EVs. 4N high-purity alumina is utilized in the manufacture of Li-ion batteries. Thus, with the growing demand for Li-ion batteries, the demand for HPA is set to increase during the forecast period. However, the manufacturing costs of HPA are a setback to market growth, given the high labor and energy costs. The higher production costs are attributed to the increasing utilization of energy.

REGIONAL INSIGHTS
The global high purity alumina (HPA) market is geographically categorized into North America, Europe, Asia Pacific, and rest of world, for growth evaluation. The Asia Pacific region is estimated to be the largest market by 2028, due to the increasing need for LEDs, along with surging building & construction activities.

COMPETITIVE INSIGHTS
The competitive rivalry is assessed to be moderately high.Innovations are estimated to be a huge competitive advantage for market players.

Some of the eminent market players include, Nippon Light Metal Holdings Company Ltd, Altech Chemicals Ltd, Baikowski SAS, Norsk Hydro ASA, etc.

Our report offerings include:
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• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
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• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. ALCOA CORPORATION
2. ALTECH CHEMICALS LTD
3. BAIKOWSKI SAS
4. NIPPON LIGHT METAL HOLDINGS COMPANY LTD
5. NORSK HYDRO ASA
6. SASOL LTD
7. SUMIMOTO CHEMICAL CO LTD
8. XUANCHENG JINGRUI NEW MATERIAL CO LTD
9. ZIBO HONGHE CHEMICAL CO LTD
10. ALPHA HPA LIMITED
11. ANDROMEDA METALS LTD
12. POLAR SAPPHIRE LTD
13. RUSAL
14. FYI RESOURCES LTD

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