Global High Purity Alumina Market to reach US$4bn by 2025

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Global High Purity Alumina Market to reach US4bn
by 2025 Global Market Insights Inc.
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Industry Overview

• High Purity Alumina Market to surpass USD 4
  billion by 2025 driven by increasing adoption of
  LED bulbs over conventional bulbs. HPA is the
  product of many steps of smelter grade alumina
  (SGA) purification, which is traditionally
  extracted via Bayer process, that relies on
  dissolving minerals from bauxite with caustic
  soda followed by chemical isolation of the
  product. The high brightness property of HPA is
  useful in creation of more efficient and
  environment friendly lighting solutions and
  facilitate advertisement display solutions.
  Synthetic sapphire obtained from verneuil
  process, a flame fusion process that uses HPA
  powder for manufacturing synthetic gemstones, are
  equivalent to natural sapphires. Therefore,
  increasing usage of the product as a base to
  produce sapphire substrates will propel high
  purity alumina market in coming years.
• Some of the crucial challenges of the global high
  purity alumina market involve expensive
  feedstock, scarcity and high cost of skilled
  workforce, strict government regulations and high
  energy cost required, which will subsequently
  result in high pricing of finished products and a
  relatively low profitability. Due to this, the
  high purity alumina market is mainly dominated by
  China due to presence of large bauxite reserves
  in the region.

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• Some of the crucial challenges of the global high
  purity alumina market involve expensive
  feedstock, scarcity and high cost of skilled
  workforce, strict government regulations and high
  energy cost required, which will subsequently
  result in high pricing of finished products and a
  relatively low profitability. Due to this, the
  high purity alumina market is mainly dominated by
  China due to presence of large bauxite reserves
  in the region.
• With over 70 of the industry share 4N high
  purity alumina will foresee growth at a
  significant pace due to its huge acceptance in
  energy-efficient lighting solutions and
  electronic displays. The 5N HPA will account for
  over USD 1 billion by the end of 2025, owing to
  its rising usage in sapphire substrates,
  electrolytic capacitor foils, electronic storage
  systems and photovoltaic cells.
• Based on revenue, hydrolysis technology will
  capture over USD 3 billion by 2025. This method
  involves addition of alcohol to aluminum that
  facilitate hydrolysis of aluminum alkoxide in
  producing HPA, appropriate level of purity is
  achieved by removing contaminants such as iron
  copper, and silicon to obtain the performance
  benefits such as higher conductivity, brightness
  and optimal processing.

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High Purity Alumina Market

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U.S. High Purity Alumina Market Size, By
Application, 2014 2025 (USD Million)

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Industry Coverage

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• Based on volume, LEDs segment will capture over
  50 of the high purity alumina market share. The
  phosphor segment is said to poise over USD 550
  million by 2025. Rapid growth of phosphor-based
  products such as plasma televisions in which high
  purity alumina is used to control the
  characteristics of phosphorous products is
  expected to grow and help boost the HPA market.
• Based on volume, North America driven by U.S.
  will exhibit growth with a CAGR of close to 18.
  The regional 4N HPA market is said to capture
  close to USD 350 million by the end of forecast
  spell.
• Global high purity alumina market is highly
  competitive due to presence of several industry
  players. Some crucial players in the industry
  are, Baikowski SAS, Nippon Light Metal Co.
  Limited, Orbite Technologies, Altech Chemicals
  Limited, Polar Sapphire Limited, Sasol, UC RUSAL,
  Sumitomo Chemical, Alcoa Corporation, Zibo Honghe
  Chemical Company.

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