Global High Purity Alumina Market Size, Share, Forecast: By Type: 4N, 5N, 6N; By Technology: Hydrochloric Acid Leaching, Hydrolysis; By Application: Semiconductor Substrate, LED Lighting, Li-ion Batteries, Technical Ceramics, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global High Purity Alumina Market Size

The global high purity alumina market reached a value of approximately USD 3.32 billion in 2023. The market is further projected to grow at a CAGR of 15.3% between 2024 and 2032, reaching a value of around USD 12.60 billion by 2032.

High Purity Alumina Market Outlook

• Sumitomo Chemical produces 1500 tonnes of high-purity alumina annual by using the hydrolysis of aluminum alkoxide method.

• As per industry reports, approximately 100 million tonnes of HPA are produced worldwide.

• HPA purity levels range from 74% to 99.8%, but now there’s a 99.96% variant which has extremely high hardness, improved dielectric strength, enhanced corrosion resistance, and fine grain size.

High Purity Alumina Market Growth

High-purity alumina (HPA) is a pure and high-grade variety of non-metallurgical alumina or aluminium oxide. It is a versatile material that finds application in the technology and automotive industries. The application of high-purity alumina differs in its degree of purity. It is commonly manufactured by hydrolysis of aluminium alkoxide, which involves the synthesis of aluminium metal and alcohol.

Factors supporting high purity alumina (HPA) market expansion are the increasing demand for LED lighting, the growing popularity of electric vehicles (EVs), and the rising focus on renewable energy sources. The plummeting costs of LEDs and rising consumer preferences for replacing incandescent lights with energy-efficient and low-carbon LED lights are expected to create highly lucrative growth prospects for the market. Additionally, the growing demand for high-performance batteries in EVs coupled with increasing demand for electronic devices and energy storage solutions primarily drives the market’s growth.

Key Trends and Developments

Growing investments in new HPA plants, increasing sales of electric vehicles, and rapid adoption of renewable energy sources are key trends accelerating the high purity alumina market

May 2024

Alpha HPA has made a final investment decision to establish the world's largest single-site high purity alumina refinery in Gladstone, Queensland. The facility will produce 10,000 tonnes of high-purity aluminum materials per year, creating 120 ongoing local jobs.

May 2024

Alpha HPA secured USD 400 million in financing support from the Australian government to advance its HPA plant. The facility’s construction will commence in July 2024 and will produce high-purity alumina.

April 2024

The Australian government has announced a USD 585 million loan package for critical minerals projects in Queensland and South Australia. The funding will support the development of high-purity alumina processing facilities in central Queensland and a graphite project in South Australia.

September 2021

Alcoa Corporation entered the HPA market through a joint development project with FYI Resources Ltd. The project produces high-purity alumina at an annual capacity of 8,000 metric tonnes and addresses the increasing demand for HPA.

Growing investments in new plants

Significant investments in new HPA plants by market players has led to high purity alumina market development. In 2023, CoorsTek Inc., a Japanese semiconductor ceramics manufacturer expanded its production capacities at its existing Nagasaki facility to support HPA growth in the coming years.

Growing popularity of electric vehicles (EVs)

EVs require high-quality HPA for their batteries, and the increasing adoption of EVs is expected to drive the demand for HPA. In 2023, nearly 1.2 million battery-electric vehicles (BEVs) and 190,000 plug-in hybrids (PHEVs) were sold globally. This trend is expected to propel market’s growth.

Rising demand for LED lighting

The growing demand for energy-efficient lighting solutions is driving the demand for HPA. LEDs are a major application of HPA, and the increasing adoption of LEDs in various industries is expected to favourable impact the high purity alumina market outlook.

Focus on renewable energy sources

HPA is used in the production of photovoltaic (PV) cells and the increasing adoption of solar PV is expected to drive the demand for HPA. This trend is particularly significant in Asia Pacific, where there is a high demand for renewable energy solutions.

High Purity Alumina Market Trends

Countries such as the U.S., Germany, China, and India are laying out plans to lower carbon emissions and pollution and reduce dependency on traditional fuel sources. The increasing transition towards EVs is catering to the demand for Li-ion batteries, hence favouring the high purity alumina market growth.

Moreover, the growing demand for cleaner energy solutions with the rising environmental consciousness is contributing to an increase in the adoption of LED-based equipment globally. As high-purity alumina is used to produce substrates for LED lights due to their high transparency and heat resistance, the demand for HPA is rising. High-purity alumina is also used to fabricate semiconductors. The increasing production of semiconductors, driven by the rising demand for electronics, is supporting the growth of the market.

High Purity Alumina Industry Segmentation

The EMR’s report titled “High Purity Alumina Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• 4N

• 5N

• 6N

Market Breakup by Technology

• Hydrochloric Acid Leaching

• Hydrolysis

Market Breakup by Application

• Semiconductor Substrate

• LED Lighting

• Li-ion Batteries

• Technical Ceramics

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

High Purity Alumina Market Share

4N segment dominates the market due to its wide availability and lower costs

The 4N segment, which refers to high purity alumina with a purity level of 99.99%, is the dominant segment in the market. This segment is widely used in applications such as semiconductors, phosphors, and electronic displays due to its availability and affordability compared to higher purity levels.

As per high purity alumina market analysis, the 5N segment, which refers to high purity alumina with a purity level of 99.999%, is growing at a fast rate. This is due to the high demand for 5N in applications such as LED lighting, optical lenses, and semiconductors.

HPA is mostly used in production of semiconductors and LEDs due to the rising demand for electronics and lightings in residential sector

The semiconductor substrate segment holds a significant market share, driven by the increasing demand for advanced electronic devices and the need for high-quality substrates. Samsung Electronics, a leading semiconductor manufacturer, uses high purity alumina as a substrate material in the production of its advanced memory chips.

The LED lighting segment also holds a significant high purity alumina market share driven by the growing demand for high-brightness LEDs. Philips Lighting uses high purity alumina in the production of its high-brightness LEDs, which are used in various applications such as general lighting, automotive lighting, and display lighting.

Moreover, due to the greater bio-compatible properties with adjacent tissue, improved wear and aesthetic characteristics, alumina finds wide application in dental implants. High-purity alumina is also being increasingly used to produce synthetic sapphire that can act as tough scratchproof glass in smartphones, watches, and televisions.

Leading Companies in the High Purity Alumina Market

Market players are focused on expanding production capacities through investments in new plants and modernising existing facilities of HPA

Sumitomo Chemical Co., Limited was founded in 1913 and is based in Tokyo, Japan. It provides chemical solutions to the plastics, energy and functional materials, chemicals, health and crop sciences, and pharmaceuticals sectors. High-purity alumina offered by Sumitomo have a fine powder texture.

Nippon Light Metal Co., Ltd, founded in 1939, based in Tokyo, Japan, is a manufacturer of alumina, aluminium hydroxide, various chemicals, aluminium ingots/alloys, aluminium rolled products, transportation-related products, and electronic materials.

Baikowski SA, based in France, Europe, is a leading manufacturer of high-purity alumina, Spinel, YAG, Zirconia and Ceria. The company offers both 3N and 4N types of high-purity alumina for restorative dental materials, conventional lighting, light conversion phosphors, batteries, and fuel cells.

Aluminum Corporation of China (CHALCO) was founded in 2001 and is headquartered in Beijing, China. The company is a leading producer of aluminum and copper products and provides engineering and technical services to support its customers and partners.

Other key players in the global high purity alumina market include Polar Performance Materials, Honghe Chemical, Norsk Hydro ASA, Sasol Limited, Cadoux Limited, and RUSAL, among others.

High Purity Alumina Market Analysis by Region

Asia Pacific region held the largest market share, driven by the increasing usage of LED-based lighting and the presence of many key manufacturers

The Asia Pacific is likely to hold a significant portion of the market share in the forecast period. China, a global leader in the electronics and automotive sector, is contributing to the growth of the market. In 2020, China constituted 68% of the global smartphone production. The growth of the electronic and automotive sector in China can be attributed to the sophistication of its Information and Communication Technology (ICT) sector and increasing consumer demand for EVs, smart gadgets, virtual reality, and drones.

Recent developments in the Asia Pacific high purity alumina market include Polar Sapphire being awarded USD 4.1 million by Sustainable Development Technology Canada (SDTC) for Battery Cleantech, which will allow the company to build a demonstration line for manufacturing high-purity alumina for lithium-ion batteries. Additionally, Ara Partners announced its investment in Polar Sapphire, which will allow the company to build its first massive commercial production line with a capacity of 1,000 tonnes per year.

Key Highlights of the Report

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High Purity Alumina Market Report Snapshots

High Purity Alumina Market Size

High Purity Alumina Market Growth

High Purity Alumina Market Trends

High Purity Alumina Market Share

High Purity Alumina Companies

High Purity Alumina Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.