High purity alumina market is arguably one of the fastest growing industries of present times owing to the rising demand for HPA in manufacturing products that have come to form the very cornerstone of the present age of technology. High purity alumina is used as a critical ingredient in the production of synthetic sapphire used for manufacturing substrates for LED light, semiconductor wafers as well as scratch-resistant sapphire glass used for optical windows, wristwatch faces and smartphone components. HPA is a high-value, high margin product that finds application in separators for lithium ion batteries in the electric vehicle industry and surgical tools and instruments in the medical industry. Given the expanding application base of high purity alumina, it is rather overt that HPA market will observe a commendable growth over 2018-2025.

As on today, the world is witnessing mobile, smartphone, and tablet production on an extensively large scale. In fact, a wide range of variants has been making their mark in the consumer electronics market over the last few years. In order to lend a more pleasant look to the products, mobile manufacturers have been planning to use sapphire glass in their future products. Even leading smartphone makers such as Apple and Samsung have been spending billions on R&D activities every year to enhance product features. As per reliable sources, now, Apple is working on iPhones to integrate curved screen and touchless gesture control. The efforts put in by smartphone makers to develop better, bigger, thinner, and next-generation screens are poised to propel the high purity alumina market share.

Currently, most of the smartphone makers have been facing problems of broken screens. The leading smartphone manufacturers, including OnePlus, Honor, and Samsung have been using composite materials and sapphire glass layers to make rear panel harder that will reduce the chances of screens breaking. The Chinese smartphone manufacturer, OnePlus, in fact, has used sapphire glass to make its logo which is scratch proof and glows in the dark. The prominent use of sapphire glass to minimize the chances of screen breaking is likely to impel product demand over the years ahead.

The shifting trends toward the surging use of LEDs across automotive, street lights, electronics, and residential application are testimony enough to prove the expansive growth of the overall LED market. The increasing awareness among regulatory bodies about the need of energy efficiency and excellent luminosity of the LEDs bulbs are some of the factors that have been promoting the use of LEDs. In addition, some of the governments have been encouraging the public to use LED bulbs by providing them subsidies.

Based on volume, LED’s 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 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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Considering region, Asia Pacific will hold the maximum share of around 60% in the high purity alumina market by the end of forecast period. Rising demand for infrastructural spaces and growing electronic equipment production in China, Taiwan, South Korea and Japan will lead HPA market during the forecast period.

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.