High Purity Alumina Market

The global market for high-purity alumina (HPA) was valued at USD 3.18 billion in 2022 and is projected to grow at a CAGR of 22.2% from 2023 to 2030. The increasing use of HPA in electric vehicle (EV) batteries and electronic components is expected to drive the industry's growth. HPA is applied as a thin coating on separator sheets in lithium-ion batteries, improving their performance and durability. It offers high capacity, low cost, and low equilibrium potential, making it an ideal candidate for battery anodes.

In North America, the United States was the largest consumer of HPA in 2022. The shift to LED lighting, driven by energy efficiency, has led to a significant demand for HPA in the country. The implementation of LED lighting projects and the use of ENERGY STAR products in the residential sector are expected to further boost the HPA market in the U.S.

To meet the growing demand, HPA manufacturers are focusing on increasing their production capacity. For example, Orica and Alpha HPA Ltd., Australian companies, have signed an agreement to establish an HPA manufacturing plant in North America. This expansion aims to cater to the rising demand for HPA in LED lighting, electronics, and EV batteries.

Product Insights:
The global HPA market is segmented into 4N, 5N, and 6N based on product purity. The 4N segment, with a purity level of 99.99%, dominated the market in 2022, primarily driven by its application in LED lighting and lithium-ion battery separators. The 5N segment, with a purity level of 99.999%, accounted for the second-largest revenue share and is expected to grow significantly during the forecast period. Its properties, such as chemical stability and extreme hardness, make it suitable for sapphire production. The 6N segment, with a purity level of 99.9999%, commands the highest premium and finds applications in solid-state lasers, semiconductors, and sensors. The demand for HPA is expected to be supported by technological advancements, including the adoption of 5G services.Overall, the HPA market is poised for substantial growth driven by the increasing adoption of EVs, LED lighting, and advancements in electronics and technology.

Report Coverage & Deliverables:
The report provides a PDF document and an online dashboard that offer valuable insights including:
• Competitive analysis
• Historical data and forecasts
• Company revenue shares
• Regional opportunities
• Latest trends and market dynamics

Application Insights:
The global industry is segmented based on applications, including LED, semiconductor, phosphor, sapphire, lithium-ion battery, and others. In 2022, the LED application segment dominated the industry, accounting for more than 49.65% of the overall revenue. The semiconductor segment held the second-largest share due to increased demand from the electronics and automobile industries. HPA is used in semiconductor chips that find applications in high-tech industrial fields such as IoT, smartphone production, and motherboard chip production. The rising demand for electric vehicles is expected to drive the demand for lithium-ion batteries, further boosting the HPA market.

Automotive manufacturers worldwide are investing heavily in building new plants for EV battery manufacturing, which is expected to increase the consumption of HPA. For example, Volkswagen announced a USD 20.3 billion investment in constructing its EV battery manufacturing plant by 2030. Phosphor is another important application segment projected to register significant revenue growth from 2023 to 2030. HPA is used to produce aluminate phosphor, a key component in LED production. Phosphor is preferred in LED manufacturing due to its luminescent properties under ultraviolet light exposure.

Regional Insights:
Asia Pacific dominated the global industry in 2022, accounting for over 71.00% of the overall revenue. The region is witnessing increased demand for HPA from the automotive and electronics industries. The EV market is expected to grow significantly, with investments being made by companies like Mahindra & Mahindra Ltd. in India. North America is projected to have the second-fastest revenue growth rate during the forecast period. The U.S. has planned about USD 40 billion in investments for setting up new plants to supply critical EV battery components. Europe is also expected to experience significant growth, with expanding operations of lithium-ion battery manufacturers to meet the growing EV demand. Investments by companies like CATL in Hungary are expected to drive market growth in Europe.

Key Companies & Market Share Insights:
The high-purity alumina industry is characterized by high competition and is expected to expand due to the increasing adoption of HPA in various end-use industries. Key players are poised to meet the market demand in the coming years. For example, CoorsTek Inc., a Japanese semiconductor ceramics manufacturer, announced plans to enhance production capacities at its Nagasaki prefecture facility in Japan by 2024. This investment is expected to contribute to the growth of HPA in the future. Some of the prominent players in the global high-purity alumina market include:
• Almatis, Inc.
• Altech Chemicals Ltd.
• Baikowski
• CoorsTek Inc.
• FYI RESOURCES
• HONGHE CHEMICAL
• Nippon Light Metal Holdings Co., Ltd.
• Orbite Technologies Inc.
• Polar Sapphire Ltd.
• Sumitomo Chemical Co., Ltd.

Global High Purity Alumina Market Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2023 to 2030. For the purpose of this study, Grand View Research has segmented the global high-purity alumina market report on the basis of product, application, and region:

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2023 - 2030)
• 4N
• 5N
• 6N

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2023 - 2030)
• LED
• Semiconductor
• Phosphor
• Sapphire
• Lithium-ion Batteries

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2023 - 2030)
• North America
o U.S.
• Europe
o Germany
o U.K.
o France
o Spain
o Italy
• Asia Pacific
o China
o Japan
o South Korea
• Central & South America
o Brazil
• Middle East & Africa