The global high purity alumina (HPA) market was valued at USD 1.73 Billion in 2014, and is projected to reach USD 5.09 Billion by 2020, at a CAGR of 20.1% between 2015 and 2020. The global HPA market has been categorized on the basis of purity level, application, and region. In terms of value, the 4N segment led the global HPA market in 2014. Furthermore, various applications included in the study are LED, semiconductor, phosphor, sapphire, and others. The LED application accounted for the largest share of the global high purity alumina market in 2014. This large share is mainly attributed to the increasing demand of HPA in LEDs for various applications, such as home lighting, televisions, hybrid cars, and electric vehicles. On the basis of region, the high purity alumina market has been classified into Asia-Pacific, North America, Europe, and RoW. Among all regions, Asia-Pacific led the global high purity alumina market in 2014, owing to the increasing demand of HPA in the electronics sector in this region.
♦ Key Market Players -
The high purity alumina market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations. Key players in this market include Altech Chemicals Limited (Australia), Alcoa Inc. (U.S.), Orbite Technologies Inc. (Canada), RUSAL (Russia), and Sumitomo Chemical Co., Ltd. (Japan), among others. The government and research organizations, raw material suppliers and distributors, construction companies, and industry associations are considered as critical stakeholders in this study.
On the basis of Application, the global HPA market has been segmented into:
Among types, the 4N segment led the global High Purity Alumina (HPA) in 2014, and accounted for the maximum market share in terms of volume. This segment is projected to grow at the highest CAGR during the forecast period.
The shift from traditional incandescent light bulbs to energy-efficient and sustainable LED lighting systems has helped in increasing the overall demand for LEDs. The growing usage of LED lighting by both developed and emerging countries is projected to drive the demand for LED application segment in the high purity alumina market.
On the basis of purity level, the high purity alumina market is segmented into 4N, 5N, and 6N. 4N high purity alumina serves to be the main source material used in the development of scratch-resistant artificial sapphire glass. They are also utilized in smartphones and portable tablet devices.
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The high purity alumina market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations. Key players in this market include Altech Chemicals Limited (Australia), Alcoa Inc. (U.S.), Orbite Technologies Inc. (Canada), RUSAL (Russia), and Sumitomo Chemical Co., Ltd. (Japan), among others. The government and research organizations, raw material suppliers and distributors, construction companies, and industry associations are considered as critical stakeholders in this study.
On the basis of Application, the global HPA market has been segmented into:
- LED
- Semiconductor
- Phosphor
- Sapphire
- Others
Among types, the 4N segment led the global High Purity Alumina (HPA) in 2014, and accounted for the maximum market share in terms of volume. This segment is projected to grow at the highest CAGR during the forecast period.
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On the basis of purity level, the high purity alumina market is segmented into 4N, 5N, and 6N. 4N high purity alumina serves to be the main source material used in the development of scratch-resistant artificial sapphire glass. They are also utilized in smartphones and portable tablet devices.
