Asia Pacific High Purity Alumina Market Share to Exceed $3.1 Bn by 2027

Author : Ronak Bora | Published Date : 2021-09-07 

Asia Pacific high purity alumina market outlook is being driven by the increasing preference for LED bulbs over conventional lights, as well as technical developments. High-purity alumina (HPA) is a premium non-metallurgical alumina product. It is primarily utilized for its excellent characteristics, including corrosion and scratch resistance, high brightness, and resilience to severe temperatures.

It is used as a base material in the production of sapphire substrates for applications such as LEDs, artificial sapphire glass (e.g., mobile phone & television screens), and certain battery & power storage components, and medical applications among others. Asia Pacific high purity alumina market size is expected to be worth USD 3.1 billion through 2027.

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Altech Chemicals Limited, Sumitomo Corporation, Baikowski SA, Nippon Light Metal Holdings Co. Ltd., Zibo Honghe Chemical Co. Ltd., Alcoa Corporation, Cand Norsk Hydro ASA are among the leading high purity alumina companies across APAC.

Check out these 4 factors defining Asia Pacific high purity alumina market trends to look out for between 2021 and 2027:

Rising demand for lithium-ion batteries

HPA is increasingly being acknowledged as an essential component of a high-energy density lithium-ion battery. Due to the soaring demand, the Asia Pacific high purity alumina market is likely to witness shortage over the next decade, assuming EV markets develop as projected. It is frequently used as a coating within a lithium-ion battery. Alumina coated separators are known to enhance durability and longevity.

Altech, for example, reported the successful demonstration of their alumina coating technique in December 2020, covering graphite particles similar to those used in anode applications in lithium-ion batteries with a nano layer of high purity alumina. The company also intends on customizing its product into specialized solutions aimed at more efficient uses within the lithium-ion battery manufacturing sector.

High usage in LED lights

HPA serves as the foundation for the production of substrates for LED lights and some semiconductor wafers. Because of the growing use of light-emitting diode-based apparatus, the LEDs segment is to capture a significant portion of Asia Pacific high purity alumina market share. Key players are expanding their investments in LED technology in order to make the product more cost-effective. Ongoing R&D initiatives, together with favorable regulatory standards for energy-saving technologies, are expected to boost Asia Pacific HPA market outlook.

Increasing adoption of hydrolysis process

Since the hydrolysis process is the most practical production method, Asia Pacific high purity alumina market share from the hydrolysis segment is slated to exhibit a high CAGR through 2027. HPA is created by adding alcohol to aluminum, which then synthesizes alumina. Calcination is then used to get the final product.

Hydrolysis comes with the extra benefit of lowering running costs because it recovers the acid, which may then be reused. For instance, in July 2021, King River Resources announced that it intends to create HPA in its planned facility in Kwinana, using HPA derived from an industrial chemical feedstock and their HPA refining process.

Growth across 5N grade HPA

The 5N grade in the HPA market share in Asia is expected to expand at a 16.3% CAGR through 2027. It is utilized in the LCD and semiconductor industries for sputtering and thin-film applications. LCDs are becoming increasingly popular due to their manufacturing design, which leads to lower power usage when compared to other displays.

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Even though is extensively deployed as a precursor in the production of Li-ion (separators, sapphire glass, and other materials, the ongoing COVID-19 problem can be a major disrupter of this demand. Despite the disruption, Asia Pacific high purity alumina market trends are expected to generate opportunities as the manufacturing industry bounces back to normal.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Research Methodology

1.2    Market estimation & forecast parameters

1.3    List of Data sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2   Executive Summary

2.1    Asia Pacific High Purity Alumina market snapshot

Chapter 3   Asia Pacific High Purity Alumina Industry Insights

3.1    Industry coverage

3.2    Industry size and forecast, 2017 – 2027

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Future trends

3.4.1    Innovation Landscape

3.5    Raw material analysis

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Drivers

3.7.2    Restraints

3.8    Application growth mapping

3.9    Industry analysis: Porter’s

3.10    Competitive benchmarking

3.10.1    Strategy dashboard

3.11    PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1721/asia-pacific-high-purity-alumina-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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