High Purity Alumina Market to Accrue Impressively By 2030 with a Whooping CAGR; Asserts MRFR

Pune, India, December, 2017/MRFR Press Release/- Market Research Future published a Cooked Research Report on “Global  High Purity Alumina Market Research Report - Forecast to 2030”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030.

High purity alumina Market   - Overview

The global high purity alumina Market is growing with an impulsive pace; mainly due to the growing electronics industry. According to a recent study report published by the Market Research Future, The global market of High purity alumina is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2023 - 2030). 

Globally, the market for high purity alumina is driven by the region Asia pacific, owing to the rise in the population resulting in to increasing demand for consumer electronic industries. High purity alumina are extensively used in the single crystal synthetic sapphire wafers manufacturing which is the second hardest material in the world to produce light emitting diode (LED) lightings. High purity alumina has high mechanical strength, melting point, and high electrical insulation and good thermal conductivity.

As digital access becomes more and more affordable, along with increasing product awareness and a shift in lifestyle patterns, consumer spending on electronics and home appliances could see strong growth in the next five years Moreover growing applications such as vapour deposition materials, heat dissipation sheet, engineering ceramics, automobile battery material, and sealant provide momentum to the high purity alumina Market growth.

High purity alumina (HPA) is segmented based on purity such as 4N, 5N and 6N which are costlier but they are capable to deliver high performance for long run purposes. These high value added products widely used as heat dissipation inorganic filler, and lighting and displays. The three major applications of HPA have been estimated to be in the production of light emitting diodes (LEDs) which currently accounts for around 50% of HPA production, semiconductors (15%) and phosphors (10%).

4N segment is most widely used in manufacturing semiconductors after that 5N used in LED applications is most popular.

Key Players:

Altech Chemicals Ltd. (Australia), Alcoa Inc. (U.S.), Orbite Technologies (Canada), Sumitomo Chemical Co., Ltd. (Japan), Baikowski Pure Solutions (France), Nippon Light Metal Company Ltd. (Japan), Rusal (Russia), Sasol (South Africa), Xuancheng Jingrui New Material Co., Ltd. (China), and HPA Sonics LLC (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global High purity alumina Market.

High purity alumina Market   - Competitive Analysis

High purity alumina Market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the Cold insulation Market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for high-purity alumina materials in electronics and battery manufacturing industries will influence the end user products from these industries. High purity alumina market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions. 

Industry/ Innovation/ Related News:

October 2017 – Altech Chemicals Ltd (Australia), one of the key manufacturers of High purity alumina, has announced opening of its new production line for high purity alumina in Malaysia. For this expansion, the company has secured attentiveness to raise USD 17.2 million by placing the shares at USD 0.14, in order to resume its expansion project at Malaysia. This expansion project was contracted by SMS Group GmbH with USD 4 million commitment. After completing the project, the production capacity starts delivering the high purity alumina based synthetic sapphire which is used in the manufacture of LED lights, semiconductor wafers, and scratch resistant glass for electronic gadgets and television sets.

October 2017 – Orbite Aluminae Inc. (Canada), is one of the key competitor in manufacturing high purity alumina, Formerly Exploration Orbite V.S.P.A. Inc has announced that it is currently working on the completion of its three tonnes per day 5N high purity alumina (HPA) production plant which also utilises hydrochloric acid extraction from aluminous clay. HPA production is forecast for Q4 2015 and expansion to 5 tonnes per day is planned in 2016. HPA samples of 4N8 (99.998%) purity have been sent to customers. Increasing consumption of high purity alumina is expected to observe in the forecast period due to presence of high electronics products consumer countries nearby Canada, such as U.S. and Mexico.

In addition, Apple Inc. is one of the biggest phone manufacturer in U.S. has announced Apple was the pioneer in introducing sapphire glass into Apple’s iPhone 5 camera lens, and iPhone 5S home buttons. However, the HPA and sapphire market was shattered by Apple’s decision not to proceed with a sapphire cover glass in the iPhone 6 owing to the optical distortions in the screen. By seeing this many other mobile manufacturers are abandoning the use sapphire glass is expected to hamper market growth rate in the forecast period.

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