Product Overview

High purity alumina (HPA) is a high-value, white, granular chemical product manufactured by treating aluminum with certain chemicals or by use of another aluminous feedstock. High purity alumina is a pure form of aluminum oxide (Al2O3) characterized by purity levels ranging approximately 99.99%. Alkoxide process, thermal decomposition process, choline hydrolysis process, and modified Bayer process are some of the commonly used processes for high purity alumina. High purity alumina possesses properties including high brightness, corrosion resistance, and endurance against high temperatures. High purity alumina is used to produce sapphire substrate in applications such as LED lights and artificial sapphire glass. As there is no substitute for HPA in the manufacture of synthetic sapphire, it is a critical and highly demanded product. HPA is widely used as a coating on the separator sheets in lithium-ion batteries.

Market Highlights

Global High Purity Alumina Market is expected to project a notable CAGR of 21.70% in 2030.

Global High Purity Alumina Market to surpass USD 11.2 billion by 2030 from USD 1.57 billion in 2020 at a CAGR of 21.70% in the coming years, i.e., 2021-30. Global High Purity Alumina market is estimated to grow due to booming LED lights and synthetic sapphire demand, an upsurge in the production of electric vehicles, and recent developments in the automotive industry. Furthermore, the new potential application of aluminum as a substitute for copper in the power industry and many other trends is likely to propel the high purity alumina (HPA) market growth.

Recent Highlights in Global High Purity Alumina Market

In March 2017, Pure alumina, an Australia-based premier supplier of High Purity Alumina announced its acquisition with Polar Sapphire. This will benefit pure alumina to start commercial production of HPA, widened its product portfolio, and bring technology advancement.

In June 2017, Quantum resources limited, a U.S.-based company focus on energy value chain recently announced its acquisition with Halcyon Resources Pty Ltd., an Australia-based major player in high purity alumina and high purity silica. This will benefit Quantum in technology advancement, pursue new energy metal focus and broaden product portfolio to enable better services.

Global High Purity Alumina Market: Segments

LED segment to grow with the highest CAGR during 2021-30

Global High Purity Alumina Market is segmented by application into LED, semiconductors, phosphorus, electronic display, sapphire, and others. The LED segment held the largest market share of XX.X% in the year 2020. LED lightings are durable and have a long lifespan which is increasing their adoption rate among consumers or various end-user industries. This growing usage of LED is estimated to boost the market in the coming years.

4N Segment to grow with the highest CAGR during 2021-30

Global High Purity Alumina market is distributed by Purity Level into 4N, 5N, and 6N. 4N Segment held the largest market share of XX.X% in the year 2020. 4N high purity alumina is used in gas separation and ultra-filtration process owing to high chemical resistance, porous nature, and mechanical strength. They also find applications in smartphones and portable tablet devices.

Market Dynamics

Drivers

Increasing Demand for LED Over Conventional Bulbs

High purity alumina is widely used in the production of synthetic sapphire that is used as a substrate in LED preparation. Sapphire is the preferred ingredient in the manufacturing of LED, as it was much cheaper than other substrates, such as Silicon Carbide, and Gallium Nitride. The demand for LEDs is increasing rapidly owing to properties such as high efficiency, better brightness, and less electric consumption. Furthermore, increasing environmental awareness of the public and growing demand for smart illumination are expected to boost the demand for high purity alumina in the coming years.

Growing demand for electric vehicles (EVs)

The demand for electric vehicles (EVs) is increasing in developing economies to limit carbon emission and to reduce dependency on the fossil fuels such as diesel and petrol. This, in turn, has surged the demand for lithium-ion batteries which is expected to boost the consumption of high purity alumina as it is used for coating the lithium-ion battery separators.

Restraint

High Production cost

High purity alumina requires high production costs due to which the cost of end products is high and profitability is low. The higher cost of production in some of the end-use segments is estimated to hamper the market growth in the coming years.

Global High Purity Alumina Market: Key Players

Alcoa Inc

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Sumitomo Chemical Co., Ltd,

Nippon Light Metal Holdings Co., Ltd,

Sasol Limited,

Xuancheng Jingrui New Materials Co., Ltd,

Altech Chemicals,

Hebei Pengda Advanced Materials Technology,

PSB Industries SA.

Orbite Technologies Inc

Norsk Hydro Asa

Other Prominent Players

Global High Purity Alumina Market: Regions

Global High Purity Alumina market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.

Global High Purity Alumina market in Asia Pacific held the largest market share of XX.X% in the year 2020. Asia Pacific will continue to dominate the global high purity alumina market due to increasing usage of LED-based lighting and increasing application in Li-ion batteries. The presence of a large number of key manufacturers, availability of raw materials, labor at economic price is projected to witness a growth of the market in the region.

Global High Purity Alumina market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global High Purity Alumina market report also contains analysis on:

High Purity Alumina Market Segments:

By Purity Level

4M

5M

6M

By Technology

Hydrolysis

HCL Based

By Application

LED

Semiconductors

Phosphorus

Electronic Display

Sapphire

Others

Global High Purity Alumina market Dynamics

Global High Purity Alumina market size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global High Purity Alumina Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global High Purity Alumina Market Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Global High Purity Alumina Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global High Purity Alumina Market: Market Segmentation

12.1. By Regions

12.1.1. North America:(U.S. and Canada), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Purity Level: Market Share (2019-2030F)

12.2.1. 4N, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-20

12.2.2. 5N, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. 6N, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3. By Technology: Market Share (2019-2030F)

12.3.1. Hydrolysis, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. HCL Based, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4. By Application: Market Share (2019-2030F)

12.4.1. LED, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. Semiconductors, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.3. Phosphorus, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.4. Electronic Display, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.5. Sapphire, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.6. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13 Company Profile

13.1. Alcoa Inc.

13.1.1. Company Overview

13.1.2. Company Total Revenue (Financials)

13.1.3. Market Potential

13.1.4. Global Presence

13.1.5. Key Performance Indicators

13.1.6. SWOT Analysis

13.1.7. Product Launch

13.2. Sumitomo Chemical Co., Ltd

13.3. Nippon Light Metal Holdings Co., Ltd

13.4. Sasol Limited

13.5. Xuancheng Jingrui New Materials Co., Ltd

13.6. Altech Chemicals

13.7. Hebei Pengda Advanced Materials Technology

13.8. PSB Industries SA.

13.9. Orbite Technologies Inc.

13.10. Norsk Hydro Asa

13.11. Other Prominent Players

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)