The Global High Purity Alumina (HPA) Market is forecast to reach USD 11.32 billion by 2027. The major factors contributing to this growth is the increase in its usage in applications like LED lighting, semiconductors, lithium-ion batteries, photovoltaic cells, phosphor, optical lenses, biomedical device, and others. The increase in the production of electric vehicles is also driving the industry.

HPA is used for producing sapphire ingots that are used in products like LED lights or semiconductors. Governments around the world are trying to promote energy-efficient lighting systems, and this is providing a huge boost to the LED segment. The increasing adoption of LED lights is having a positive impact on the market under study. The growing popularity of electric vehicles is forcing automobile manufacturers to focus on the manufacturing of electric as well as hybrid vehicles. Electric Vehicles have lithium-ion batteries that contain high purity alumina, and thus, the growth of the electric vehicle segment is predicted to drive the industry’s growth further. HPA also finds high usage in the semiconductor industry as it is used in the fabrication of semiconductor devices.

Top Companies Operating in the Global High Purity Alumina (HPA) Market:

Alcoa Corporation, Altech Chemicals Ltd, Baikowski, Nippon Light Metal Holdings Company Ltd, Norsk Hydro ASA, Polar Sapphire Ltd, Rio Tinto, RUSAL, Sasol and Sumitomo Chemicals Co. Ltd.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3094

Further key findings from the report suggest

• The 5N type of HPA has a purity level of 99.99%. It possesses properties like scratch resistance, chemical stability and strength, which makes it suitable for the production of sapphire. Polar Sapphire is a major manufacturer of this variant of HPA.
• Over the years, the semiconductors application segment is continuing to have the second largest market share. It is forecasted to witness a steady growth during 2020-27. Plasma display panels consists of phosphor coatings which is also driving the segment’s growth.
• In the HCL Leaching process, hydrochloric acid is used instead of caustic soda in order to extract alumina from clay. The product is extracted by acid-leaching using HCL at high temperature and then applying pressure. This process does not find much use in manufacturing processes of different companies but have very good future prospects.
• North America is expected to witness a considerable amount of growth during the forecast period. Increasing demand of LED lighting systems and the adoption of electric vehicles to a large extent is boosting the industry’s growth in this region. In 2016, Orbite Technologies announced the construction of a new HPA plant in Canada which would cost around USD 122 million.
• There have been a number of new product launches in the market amongst which 4N HPA Powder of Sapphire grade by Altech Chemicals Limited and Milled Alpha Powder, Spray Dried Alpha Powder, Compressed Pucks, High Purity Alumina Beads by Polar Sapphire Limited require special mention.

To read more about the report @ https://www.reportsanddata.com/report-detail/high-purity-alumina-hpa-market

The High Purity Alumina (HPA) market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the High Purity Alumina (HPA) market.

The global High Purity Alumina (HPA) market is segmented into:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Type Outlook (Revenue, USD Billion; 2020-2027) (Kilo Tons)

• 4N
• 5N
• 6N

Application Outlook (Revenue, USD Billion; 2020-2027) (Kilo Tons)

• LED Bulbs
• Semiconductors
• Lithium-Ion Batteries
• Optical Lenses
• Bio Medical Devices
• Others

Manufacturing Process Outlook (Revenue, USD Billion; 2020-2027) (Kilo Tons)

• Hydrolysis
• HCL Leaching
• Thermal Decomposition
• Vapor-Phase Oxidation
• Others

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/3094

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blog: https://www.reportsanddata.com/blogs