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APAC High Purity Alumina (HPA) Market revenue to cross $3.1 Bn by 2027
Published Date: 2021-03-22
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APAC High Purity Alumina Market size is predicted to reach USD 3.1 billion by 2027, according to a latest forecast report by Graphical Research.
High purity alumina (HPA) is the highly purified form of aluminum oxide (Al2O3). HPA acts as a precursor for the manufacturing of ceramic-coated Li-ion (Lithium-Ion-Battery) separators, sapphire glass, etc. Additionally, it finds application in the manufacturing of several other products, such as sapphire glass, plasma display screens, LED lights, sodium lamps, optical lenses, semiconductors, and electric vehicles among others.
On the other hand, the high cost associated with the manufacturing operations is likely to offer challenges to the industry growth. Moreover, the ongoing COVID-19 crisis has been a key disrupter of the growth lately. The high purity alumina industry witnessed a shortfall in the annual revenue in 2020. However, the recovering economy of several nations owing to recommencing manufacturing operations and other revival economic activities will pave ways for the industry growth.
Based on product, 4N is most prominent segment and has captured a market share of over 55% by volume in 2020. It usually seeks its demand for electronic displays and LED bulbs. Moreover, strict regulation norms for using energy conserving light sources have led to a shift in the market.
Browse detailed statistical insights from the report, “Asia Pacific High Purity Alumina Market Size By Product (6N, 5N, 4N), By Technology (HCL Leaching, Hydrolysis), By Application (Semiconductors, Phosphor, LEDs, Sapphire, Others), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
Based on technology, hydrolysis contributed a major share to the market throughout the study timeline. The factor contributing to the robust growth is the viability of the method to synthesize the product. Hydrolysis technology offers an economical solution for reducing operational costs since it allows the reuse of acid use during the synthesis process. On the other hand, the HCl leaching process is not commercially viable yet but has great potential to be implemented in the future with an added benefit to lower production cost.
Based on application, LEDs dominated over 49% of the HPA market share in 2020 owing to the increasing application of LEDs in several electronic equipments across countries. Additionally, technological developments along with the renewable-energy revolution have fueled the adoption of light-emitting diode (LED) lighting systems in the past decade. The cut in LED prices will further drive the consumption of these lighting systems, augmenting the product demand.
Some of the major manufacturers of high purity alumina are Altech Chemicals Limited, Baikowski SA, Sumitomo Corporation, Nippon Light Metal Holdings Co., Ltd., Alcoa Corporation, Zibo Honghe Chemical Co., Ltd., CHALCO Shandong Co., Ltd., Hebei Pengda Advanced Materials Technology Co., Ltd., Rio Tinto Alcan, Inc., Norsk Hydro ASA, Shandong Keheng Crystal Material Technologies Co., Ltd., and Austral Private Limited.
The APAC high purity alumina market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Product
Asia Pacific Market, By Technology
- HCL Leaching
Asia Pacific Market, By Application
The above information has been provided for the following countries:
- Asia Pacific
- South Korea
- Rest of Asia Pacific