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Europe High Purity Alumina (HPA) Market Forecast 2027 By Technology (Hydrolysis, HCl Leaching), By Product (4N, 5N, 6N), By Application (LED’s, Semiconductors, Phosphor, Sapphire), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: August 2021 | Publisher: Graphical Research Report ID: GR1934 | Delivery : PDF  Request Free Sample

Europe High Purity Alumina Market size exceeded USD 185 million in 2020 and is anticipated to witness over 13% growth rate from 2021 to 2027.

The growing demand for consumer electronics and several non-metallurgical industrial applications will drive the industry growth. Moreover, rising demand for sapphire substrates that are widely applicable for manufacturing various products such as LED panels, plasma display screens, LED lights, scratch proof glasses for smartphones and watches, lithium-ion battery separators, semiconductors, sodium lamps, optical lenses, and many more will boost the market demand.

Europe High Purity Alumina Market

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The COVID-19 pandemic has adversely impacted the high purity alumina manufacturers in the APAC region. The early stage of pandemic has suspended or halted many projects and manufacturing facilities, negatively impacting the adoption of LED products, thereby, leading to a serious decline in revenue. However, rapid vaccination programs along with the lifting of lockdowns across the region may play an important role to propel the market share.

Europe Market, By Product

Europe High Purity Alumina Market Size, by Product

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The 4N segment will showcase around 13% CAGR during the forecast period, due to rising applications of energy-efficient lighting systems such as LEDs over traditional bulbs and tube lights. 99.99% purity level of alumina in 4N grade has allowed a wide range of applications in LED panels, scratch-resistant sapphire glass, and lithium-ion batteries as well as in decorative applications.

Europe Market, By Application

Europe High Purity Alumina Market Size, by Application

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LEDs are expected to value at USD 200 million in the market by 2027. Increasing consumer awareness along with strict regulation norms for using energy-efficient lighting systems will fuel the market growth. Additionally, advancements of LED technology over the past decade have considerably reduced the electricity consumption, fostering the industry size across the region.

Europe Market, By Country

Germany accounted for over 20% of the market share in 2020, attributed to extensive development in automotive and semiconductor industries in recent years. In addition, growth in the electronic manufacturing sector in Europe, especially in Germany, the UK, and France will impel the market expansion.

Competitive Industry Landscape

The prominent companies operating in the Europe HPA market include Alcoa Corporation, Sumitomo Chemical Company, UC Rusal, Norsk Hydro, Sasol Ltd., Advanced Energy Minerals, Altech Chemicals, and Nippon Light Metal Holdings.

Industry players are continuously undergoing process improvisation and capacity expansion to strengthen their market share. This strategy also offers market leaders to expand its customer base and regional footprint.
 

Frequently Asked Question(FAQ) :

The market size for high purity alumina in Europe surpassed USD 185 million in 2020 and could grow at a healthy CAGR of 13% over 2021-2027 with escalating demand for consumer electronics and sapphire substrates.
The 4N-grade high purity alumina segment in the Europe market could expand at around 13% CAGR up to 2027 following the trend for energy-efficient lighting systems, including LEDs.
The LED segment in the European market is forecast to account for approximately USD 200 million by 2027 owing to reduced power consumption ability of the product.
Germany accounted for more than 20% share of Europe market in 2020 and will grow with developments in semiconductor and automotive industries.
Sasol Ltd., Sumitomo Chemical Company, UC Rusal, Alcoa Corporation, Norsk Hydro, Altech Chemicals, Advanced Energy Minerals and Nippon Light Metal Holdings are some of the major players in the market.

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