European High Purity Alumina (HPA) Market size is poised to surpass $450 Mn by 2027, according to a latest forecast report by Graphical Research. Growing customer preferences for energy-efficient consumer electronics are expected to drive the industry growth.
Europe holds around 10% of revenue share in the global high purity alumina market. Increasing adoption of LEDs in the Eastern European countries will have a significant impact on the market growth. The extensive use of the product in manufacturing and electronics industries will stimulate the market share in coming years. Advancement of battery technologies along with LED panels will augment the growth across the region.
Rapid development of the automobile industry in the region, especially in Germany, the UK, France, and Italy has made a significant contribution to the growth of LEDs and semiconductors. The electronic design industry creates ample scope for LED-based equipment, which will boost the industry size. Furthermore, Phosphor offers protective coatings on plasma display screen, and semiconductors have a wide range of applications in electric and hybrid vehicles to reduce air pollution. These factors will eventually influence the product demand in near future. However, volatility in raw material prices and ongoing coronavirus pandemic have severely affected the market and restricted growth. Country wide lockdown, production halting, and financial crisis across the manufacturing industries constrained revenue generation in the early stage of COVID-19. The situation is quickly getting recovered by lifting of government regulations and rapid vaccination programs.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
Semiconductors will observe around 13% CAGR through 2027. The segment growth is anticipated to grow at a steady pace as compared to LEDs due to its wide industrial applications including automobile and electronics industries. It can be used in wafer processing equipment due to its anti-corrosion ability and high impact strength. Applications, such as communication, data processing, and consumer electronics, have a wide range of applicability in laptops, tablets, gaming consoles, plasma display screen, iPods, and servers. The increasing adoption of high-definition display screens is expected to propel the Europe HPA market demand in the coming years.
The HCL leaching technology segment will witness around 13.5% CAGR from 2021 to 2027. HCl leaching process registered over 27% of the market share in 2020 but it is not commercially viable yet due to high operational cost. It has great potential to be implemented in future by lowering the production cost.
The 5N segment will generate over USD 150 million in the Europe high purity alumina market by 2027. It is commonly used in Liquid Crystal Display (LCD) and semiconductor industries in sputtering and thin film applications. LCD displays are less power consuming devices compared to the other displays, making them energy efficient. These factors will boost the segment share in the upcoming years.
The European high purity alumina (HPA) 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:
Europe Market, By Technology
Europe Market, By Product
Europe Market, By Application
The above information has been provided for the following countries:
- Rest of Europe