High Purity Alumina Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR41567
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The high purity alumina market has the potential to grow by 71.51 thousand MT during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 26.40%.

This high purity alumina market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (LEDs, semiconductors, phosphors, and others) and geography (APAC, North America, Europe, South America, and MEA). The high purity alumina market report also offers information on several market vendors, including Advanced Energy Minerals, Alcoa Corp., Altech Chemicals Ltd., Baikowski SA, HPA Sonics, Nippon Light Metal Holdings Co. Ltd., Polar Sapphire Ltd., Shandong Keheng Crystal Material Technology Co., Ltd., Sumitomo Chemical Co. Ltd., and Zibo Honghe Chemical Co. Ltd. among others.

What will the High Purity Alumina Market Size be in 2021?

High-Purity-Alumina-Market-Market-Size-2020-2025

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High Purity Alumina Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising adoption of LED lighting is notably driving the high purity alumina market growth, although factors such as high cost of production of high-purity alumina may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the high purity alumina industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The sapphire-based substrate is majorly used in LED lights, and high purity alumina is the material used to produce sapphire.
  • LED lights have a much lower cost of ownership as they are long-lasting, can be miniaturized, and can save up to 80% of energy in comparison to traditional lights.
  • Subsequently, the market is witnessing high demand for LED lights such as high-intensity discharge (HID) bulbs, metal halide (MH) bulbs, and high-pressure sodium (HPS). This will increase the requirement for sapphire-based substrates, which will, in turn, drive high purity alumina market growth.
  • The use of aluminous clay resources to produce high purity alumina is one of the critical high purity alumina market trends.
  • Due to the high cost of production and the large-scale closure of aluminum smelter, manufacturers are looking for alternatives to produce high purity alumina.
  • The production of high purity alumina directly from kaolin clay using hydrochloric acid leaching is one such alternative used by manufacturers.
  • Other new options involve the use of multiple cheap feedstocks, including aluminous clays, red mud, fly ash, and mine tailings. 

This high purity alumina market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major High Purity Alumina Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Advanced Energy Minerals
  • Alcoa Corp.
  • Altech Chemicals Ltd.
  • Baikowski SA
  • HPA Sonics
  • Nippon Light Metal Holdings Co. Ltd.
  • Polar Sapphire Ltd.
  • Shandong Keheng Crystal Material Technology Co., Ltd.
  • Sumitomo Chemical Co. Ltd.
  • Zibo Honghe Chemical Co. Ltd.

 

This statistical study of the high purity alumina market encompasses successful business strategies deployed by the key vendors. The high purity alumina market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The high purity alumina market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for High Purity Alumina Market?

High-Purity-Alumina-Market-Market-Share-by-Region-2020-2025

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76% of the market’s growth will originate from APAC during the forecast period. China, Taiwan, South Korea (Republic of Korea), and Japan are the key markets for high purity alumina in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the High Purity Alumina Market?

High-Purity-Alumina-Market-Market-Share-by-Application-2020-2025

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The high purity alumina market share growth by the LEDs segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the high purity alumina market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this High Purity Alumina Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive high purity alumina market growth during the next five years
  • Precise estimation of the high purity alumina market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the high purity alumina industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of high purity alumina market vendors

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High Purity Alumina Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 26.40%

Market growth 2021-2025

71.51 th MT

Market structure

Fragmented

YoY growth (%)

28.96

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 76%

Key consumer countries

China, Taiwan, US, South Korea (Republic of Korea), and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advanced Energy Minerals, Alcoa Corp., Altech Chemicals Ltd., Baikowski SA, HPA Sonics, Nippon Light Metal Holdings Co. Ltd., Polar Sapphire Ltd., Shandong Keheng Crystal Material Technology Co., Ltd., Sumitomo Chemical Co. Ltd., and Zibo Honghe Chemical Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The high purity alumina market growth will increase by $127.11 thousand MT during 2019-2024.
The high purity alumina market is expected to grow at a CAGR of 29.13% during 2019-2024.
Technavio has segmented the high purity alumina market by application by volume (LEDs, Semiconductors, Phosphors, and Others) and geographic (APAC, North America, Europe, and South America).
Alcoa Corp., Altech Chemicals Ltd., Baikowski SA, Nippon Light Metal Holdings Co. Ltd., Norsk Hydro ASA, Sasol Ltd., Sumitomo Chemical Co. Ltd., United Company Rusal Plc, Xuan Cheng Jing Rui New Material Co. Ltd., Zibo Honghe Chemical Co. Ltd. are a few of the key vendors in the high purity alumina market.
APAC will register the highest growth rate of 78.18% among the other regions. Therefore, the high purity alumina market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • Taiwan
  • South Korea (Republic of Korea)
  • Japan
The key factors driving the high purity alumina market growth are:
  • Rising adoption of LED lighting
The high purity alumina market vendors should focus on grabbing business opportunities from the leds segment as it accounted for the largest market share in the base year.
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