High Purity Alumina Market - Global Industry Analysis, Forecast 2016 – 2024

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High Purity Alumina Market - Global
Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “High Purity
Alumina Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” This report
likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and
worldwide business sector industry structure.
Global High Purity Alumina Market: Overview
High purity alumina, which is also referred to as advanced alumina, is commercially available in the form of a fine white powder
that features a homogenous crystal structure. The material is derived by using the aluminium alkoxide hydrolysis process. HPA is
the base material for sapphire substrates and thus has several high-value applications. As a high-value product, which can be
classified under non-metallurgical alumina, HPA finds widespread application in a myriad of industries. A number of diversified
chemical companies are also engaged in the manufacture and sale of high purity alumina.
Some of the more recent applications of high purity alumina have been responsible for the steady growth of this market. It is
used in light-emitting diodes (LEDs), in the manufacture of scratch-resistant glass, and in semiconductor chips and wafers. Its
uses in plasma displays have also made it a high-value material in the electronics sector.
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This report takes a close look at the new applications of high purity alumina and how these are helping bring in new
opportunities for the HPA market worldwide. The current regulations affecting this market are also evaluated in detail. By
segmenting the market into smaller sections, the report is able to provide a granular evaluation of the global HPA market as well
as identify the most promising investment areas.
Global High Purity Alumina Market: Drivers
The LED industry has emerged as one of the largest consumers of high purity alumina in the world. This trend will continue to
prevail until the forecast period of the report as more and more electronics products incorporate LEDs. Despite its high cost, no
major dent is projected in the sales of high purity alumina in the foreseeable future because the material doesn’t have suitable
substitutes. The burgeoning contract manufacturing sector in the Asia Pacific region will act as a spur to the demand for HPA.
As the integration of sophisticated electronics and entertainment systems becomes commonplace in automobiles, new
opportunities are expected to spring up for HPA manufacturers in the automotive sector. However, these benefits will be
overshadowed to some degree by the excessively high production cost of high purity alumina.
Global High Purity Alumina Market: Segmentation
Some of the most common applications of high purity alumina include, but are not limited to: smartwatches, semiconductor,
LED products, phosphors, and others. The LED application segment is reported as being the highest demand generator for high
purity alumina.
High purity alumina is classified into four product grades: 4N, 5N, and 6N. Over half of the global high purity alumina market is
represented by the 4N HPA product segment. The demand for 6N is currently the lowest among the three segments.
Global High Purity Alumina Market: Region-wise Outlook
From the standpoint of geography, the global high purity alumina market has been split into: Europe, Asia Pacific, North
America, and Rest of the World. The demand for high purity alumina is the highest in Asia Pacific. The region has emerged as an
electronics manufacturing hub in recent years and this has been a key growth enabler for the HPA market in Asia Pacific. China
dictates the dynamics of the Asia Pacific high purity alumina market – a scenario that will likely remain so until the end of the
forecast period. While North America ranks second in terms of market share, Europe stands third.
In terms of both volume and value, it is the Asia Pacific region that is projected to register the highest rate of growth through the
report’s forecast period.
Among the top companies in the global high purity alumina market are: Dalian Hiland Photoelectric Material Co., Ltd., Orbite
Technologies Inc., Sumitomo Chemical Co., Ltd., and Nippon Light Metal Holdings Company, Ltd.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and
verifiable projections about market size. The projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
•
Market segments and sub-segments
•
Market trends and dynamics
•
Supply and demand
•
Market size
•
Current trends/opportunities/challenges
•
Competitive landscape
•
Technological breakthroughs
•
Value chain and stakeholder analysis
The regional analysis covers:
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North America (U.S. and Canada)
•
Latin America (Mexico, Brazil, Peru, Chile, and others)
•
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
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Eastern Europe (Poland, Russia)
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Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
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Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned
analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and
mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment
over the forecast period.
Highlights of the report:
•
A complete backdrop analysis, which includes an assessment of the parent market
•
Important changes in market dynamics
•
Market segmentation up to the second or third level
•
Historical, current, and projected size of the market from the standpoint of both value and volume
•
Reporting and evaluation of recent industry developments
•
Market shares and strategies of key players
•
Emerging niche segments and regional markets
•
An objective assessment of the trajectory of the market
•
Recommendations to companies for strengthening their foothold in the market
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High purity alumina, which is also referred to as advanced alumina, is commercially available in the form of a fine white powder that features a homogenous crystal structure. The material is derived by using the aluminium alkoxide hydrolysis process. HPA is the base material for sapphire substrates and thus has several high-value applications. As a high-value product, which can be classified under non-metallurgical alumina, HPA finds widespread application in a myriad of industries. A number of diversified chemical companies are also engaged in the manufacture and sale of high purity alumina. Some of the more recent applications of high purity alumina have been responsible for the steady growth of this market. It is used in light-emitting diodes (LEDs), in the manufacture of scratch-resistant glass, and in semiconductor chips and wafers. Its uses in plasma displays have also made it a high-value material in the electronics sector.