+1-888-308-5802     
News Contact Us

High Purity Alumina Market Share in Asia Pacific To Exhibit 60% CAGR Between 2019 And 2025

Author : Ronak Bora | Published Date : 2019-08-08 

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.

The high purity alumina market competitive landscape includes key players such as Alcoa Corporation, Sumitomo Chemical, Altech Chemicals Limited, Rio Tinto Alcan, Norsk hydro, Polar Sapphire, Baikowski SAS, Sasol, Nippon Light Metal Company Limited, Zibo Honghe Chemical Comopany.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1254

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 high purity alumina market will observe a commendable growth over 2018-2025.

HPA is a processed form of non-metallurgical alumina product with a minimum purity level of 99.99%. Increasing demand for HPA from semiconductor industry and for other applications such as LED lights, sapphire glass for optical lenses and display screens will spur the high purity alumina market in the near future. High purity alumina provides higher resistance to breakdown & corrosion, high brightness and enhanced hardness level which makes it a precursor for artificial sapphire and rubies along with other application including fiber optic communication systems, watch covers, advertising displays, cell phones, and residential lighting.

Based on revenue, 4N HPA segment will hold approximately USD 2.5 billion of the overall high purity alumina market in 2025 owing to its increasing applicability in the creation of more efficient and environment friendly lighting solutions, particularly boosted by US legislations to phase out incandescent lights. The product is also used in abrasive and sapphire-single crystal applications. HPA with higher purity levels are essential in devising medical equipment due to its biocompatibility, increasing proportion of bioceramics for prostheses and implants will spur high purity alumina market demand in near future.

Based on volume, hcl leaching technology will account for over 25% of the overall high purity alumina market in 2025. Hydrochloric acid leaching is a synthesis process to extract alumina from clay. Hcl is regenerated and at the same time ferric ions are recovered and precipitated as high purity ferric oxides leaving all other residual elements. The hcl leaching technology will grow with a CAGR of over 15% due to its growing acceptance by manufacturers and lower production cost.

Browse key industry insights spread across 240 pages with 335 market data tables & 23 figures & charts from the report, “High Purity Alumina (HPA) Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/high-purity-alumina-hpa-market

The LED application segment will capture a significant share of over 50% in the global high purity alumina market by 2025. The semiconductor segment revenue will capture a market share of over 25% by the end of forecast spell and will grow with a CAGR of over 15% during the forecast timeframe. Rising applicability of HPA in semiconductors is fostered by its underlying applications in consumer electronics such as home appliances and industrial applications such as military, infrastructure, and energy.

 

 

Glimpse of Table of Content (ToC)

Chapter 3.    High Purity Alumina (HPA) Industry Insights

3.1.  High Purity Alumina Market segmentation

3.2.  High Purity Alumina Market size and forecast, 2014 - 2025

3.3.  High Purity Alumina Market ecosystem analysis

3.3.1. Raw material analysis

3.3.2. Manufacturing trends

3.3.3. Profit margin

3.3.4. Value addition

3.3.5. Distributor channel analysis

3.3.6. Vendor matrix

3.3.6.1.   List of key raw material suppliers

3.3.6.2.   List of key manufacturers/distributors

3.3.6.3.   List of key potential customers

3.4.  Raw material trends

3.5.  Innovation & sustainability

3.5.1. Patent analysis

3.5.2. Technology landscape

3.5.3. Production process

3.5.4. Future trends

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.   Increasing adoption of LED bulbs over conventional bulbs

3.6.1.2.   Growing electronics & semiconductors industry

3.6.2. Industry pitfalls & challenges

3.6.2.1.   High cost of production

3.7.  Regulatory landscape

3.7.1. U.S.

3.7.2. Europe

3.7.3. China

3.8.   Growth potential analysis

3.9.   Regional price trends

3.9.1. Cost structure analysis

3.9.1.1.   R & D cost

3.9.1.2.   Manufacturing cost

3.9.1.3.   Raw material cost

3.9.1.4.   Distribution cost

3.9.1.5.   Operating cost

3.9.1.6.   Miscellaneous cost

3.9.2. Price by technology

3.9.3. Price by product

3.9.4. Price by application

3.10. Competitive landscape, 2017

3.10.1. Company market share analysis, 2017

3.10.1.1. Global

3.10.1.2. Regional

3.10.2. Brand analysis

3.10.3. Key stake holders

3.10.4. Strategy dashboard

3.11. Porter’s analysis

3.11.1. Supplier power

3.11.2. Buyer power

3.11.3. Threat of new entrants

3.11.4. Industry rivalry

3.11.5. Threat of substitutes

3.12. PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/high-purity-alumina-hpa-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org 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. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Antimicrobial Coatings Market Size is driven by strong application trends in healthcare application segment

Published Date: 2019-08-09         Author: Ronak Bora

Global antimicrobial coatings market is segmented into medical & healthcare application, indoor air quality application, food application, antimicrobial textile application, mold remediation application and construction. Medical & healthcare application segment can experience substantial ... Read More

Aromatic Solvents Market Size to witness heavy growth prospects via paints & coatings sectors

Published Date: 2019-08-09         Author: Ronak Bora

Aromatic solvents market finds extensive application in varied sectors such as automotive, oilfield chemical, pharmaceutical, and paints & coatings. Pharmaceutical application will exhibit a CAGR of more than 2% over 2016- 2024, owing to its significant usage in drug formulation. Paints & co... Read More

Synthetic Lubricants Market in Europe Will Touch $1.67 Billion Up To 2023

Published Date: 2019-08-09         Author: Ronak Bora

Europe synthetic lubricants market price is predicted to surpass $1.67 billion by end of 2023 due to presence of key automobile and airplaneproducing firms like Audi, Airbus, Volkswagen, Rolls Royce, Mercedes and BMW. Asia Pacific, led by India and China synthetic lubricants market, is predicted ... Read More

© 2019 Fractovia. All Rights Reserved