The global High Purity Aluminum Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.9% during the review period (2022 to 2027)
High Purity Aluminum Market Overview
High purity alumina (HPA) is a premium product that falls under non-metallurgical alumina products, characterized by a minimum purity level of 99.99%. HPA is used as a base material to manufacture sapphire substrates in applications such as light-emitting diodes (LEDs) and artificial sapphire glass. It possesses properties such as corrosion resistance, high brightness, and can withstand high temperatures.High adoption of LED bulbs over traditional bulbs coupled with technological evolution drives the progress of the global high purity alumina market.One of the major applications of high-purity alumina (HPA) is in the production of synthetic sapphire, which is used as a substrate in LED preparation. The demand for LED bulbs is significantly maxed in the developing economies such as China and India. The government of these countries has encouraged people to use energy-efficient lights to reduce the energy consumption of the country.Production of synthetic sapphire starts with a seed sapphire crystal, a mixture of high purity alumina and un-crystallized sapphire material (crackle), which are heated in a crucible. Currently, sapphire is the most preferred substrate in the LED manufacturing, as it much cheaper than other substrates, such as Silicon Carbide, and Gallium Nitride.
Who are the Major Players in the High Purity Aluminum Market?
The global High Purity Aluminum includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Joinworld, HYDRO, SHOWA DENKO, Chinalco Baotou Aluminum, Kyushu Mitsui Aluminium, Huomei Hongjun, Dongyang Guanglv, Rusal, Sumitomo, Newchangjiang Aluminum, C-KOE Metals, Nippon Light Metal, Columbia Specialty Metals and others.
Industry News
In August 2019, CBA Brazilian Aluminum Company acquired Arconic Inc.’s operations, located in Itapissuma, Pernambuco, Brazil, for $50 million. The plant, which has an annual production capacity of 50,000 tons of aluminum sheets, will be involved in the production of CBA’s line of rolled products in order to improve the competitiveness of the domestic industry against imported products.
What are the major Applications, Types and Regions for High Purity Aluminum Market?
High Purity Aluminum Market is segmented based on the type, applications, companies and regions.
By Type, High Purity Aluminum Market has been segmented into
By Application on High Purity Aluminum Market is,
- Electronic Industry
- Chemical Industry
- High Purity Alloy
- Other Applications
High Purity Aluminum Market Regional Analysis
Asia-Pacific dominated and is further expected to dominate through the forecast period. With accelerating usage LED based lightning and rising application in Li-ion batteries in countries, such as China, India, and South Korea, the consumption of high-purity alumina (HPA) is increasing in the region.
The report offers in-depth assessment of the growth and other aspects of the High Purity Aluminum Market in important regions, including the
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
High Purity Aluminum Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global High Purity Aluminum Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
What is our High Purity Aluminum Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 4.9% during the review period (2022 to 2027).
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By Type
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By Application
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- Electronic Industry
- Chemical Industry
- High Purity Alloy
- Others
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By Companies
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Joinworld, HYDRO, SHOWA DENKO, Chinalco Baotou Aluminum, Kyushu Mitsui Aluminium, Huomei Hongjun, Dongyang Guanglv, Rusal, Sumitomo, Newchangjiang Aluminum, C-KOE Metals, Nippon Light Metal, Columbia Specialty Metals and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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115
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this High Purity Aluminum Report
- Evaluate High Purity Aluminum market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the High Purity Aluminum market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The High Purity Aluminum Market is studied from 2017 - 2027.
What is the growth rate of High Purity Aluminum Market?
The High Purity Aluminum Market is growing at a CAGR of 4.9% over the next 5 years.
What regions does this High Purity Aluminum Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
