LONDON, Oct. 12, 2017 /PRNewswire/ --
High Purity Alumina Market by Type (4N, 5N, and 6N), Application
(LED Bulbs, Electronic Displays, Lithium-ion Batteries
(Automotive), Other Automotive, Medical, and Others), and
Technology (Hydrolysis and Hydrochloric acid leaching) - Global
Opportunity Analysis and Industry Forecast, 2017-2023
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High purity alumina is an alumina with a minimum purity level of
99.99%. It is used as a base material for manufacturing light
emitting diodes (LEDs), electronic displays, separator for lithium
ion batteries in automotive industry, surgical tools and
instruments in medical industry. High purity alumina exhibits
increasing application owing to its superior properties such as
high brightness, corrosion resistance, crack resistance and its
ability to withstand extreme temperatures. In 2015, the global high
purity alumina market was valued at $1,535
million and is expected to grow further at a CAGR of 16.7 %
during 2016-2022.
Increasing demand for high purity alumina across the globe, coupled
with government support leading to growing adoption of LEDs, drives
the size of global high purity alumina market. In addition,
technological advancements and growth in application industries
such as semiconductors, automotive and medical, are also driving
the world market for high purity alumina. However, higher cost of
production may impede the market growth in the near future, owing
to the emergence of any cost alternative product into the
market.
Based on type of high purity alumina, the market is segmented into
4N, 5N and 6N. Technological developments in production processes
would lead to a lower cost of production. The prices for high
purity alumina are expected to decrease in the near future. In
2015, the 4N segment occupied more than half of the market share in
terms of volume in global hpa market. Based on application, the
market is segmented into LED bulbs, electronic displays,
automotive, medical and others. Based on production technology, the
market is segmented into hydrolysis and hydrochloric acid (HCL)
leaching.
Geographically, the market has been segmented into North America, Europe, Asia-Pacific and LAMEA. In 2015, Asia-Pacific occupied the largest share in the
global high purity alumina, with China and Japan as major countries contributing to the
growth. Increasing population coupled with rising adoption of
government initiatives to save energy are significant factors
leading to the growth of the high purity alumina market in the
Asia-Pacific region.
The companies have adopted agreement, acquisition, collaboration,
partnership, expansion, and product & technology launch in
order to gain a competitive advantage in this market. For example,
Altech Chemicals Ltd. has primarily adopted the agreement strategy
by appointing Mitsubishi Corporation as exclusive seller of high
purity alumina products which has helped it to expand its
geographic reach and distribute its products in the Japanese
market. The key players profiled in the report include Orbite
Technologies Inc., Sumitomo Chemical Co., Ltd, Baikowski SAS, Alcoa
Inc., Nippon Light Metal Holdings Company, Ltd., Altech Chemicals
Ltd, Zibo Honghe Chemical Co. Ltd., and Xuan Cheng Jing Rui New
Material Co. Ltd.
HIGH PURITY ALUMINA MARKET KEY BENEFITS:
The report provides extensive analysis of market size and factors,
which drive or restrict the growth of the world high purity alumina
industry.
The market projections for period 2015-2022 have been included
coupled with the impacting factors.
The report also provides quantitative as well as qualitative trends
to assist the stakeholders in understanding the market
scenario.
In-depth analyses of key segments of the market demonstrate the
consumption pattern of high purity aluminum for different
applications across various end user industries.
SWOT analysis facilitates the study of internal environment of
leading companies for strategy formulation.
Competitive intelligence highlights the business practices adopted
by the leading market players across various geographies.
HIGH PURITY ALUMINA MARKET KEY SEGMENTS:
By Type
4N
5N
6N
By Application
LED Bulbs
Electronic Displays
Automotive
Medical
Others
By Technology
Hydrolysis
HCL
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
France
UK
Others
Asia-Pacific
China
India
Japan
Others
LAMEA
Brazil
Middle East
Africa
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