The global high purity alumina market is anticipated to expand as a result of rising acceptance of LED bulbs over conventional bulbs and technological advancement. The demand for LED bulbs is quite strong in emerging markets like China and India. To decrease their respective countries' energy usage, the governments of these nations have urged citizens to use energy-efficient lighting. At the end of 2018, the Indian government distributed 210 million LED bulbs around the nation and released tenders for projects to upgrade streetlights with LEDs. Furthermore, in order to meet the requirements for income, production capacity, and manufacturing competency, multinational bidders are forming joint ventures with regional lighting businesses. Globally rising demand for High Pure Alumina, combined with government assistance, has sparked a surge in the use of LED lighting, fueling the expansion of the High Purity Alumina market. Moreover, 4N high purity alumina is utilised in the production of Li-ion batteries. Major market participants are concentrating on taking advantage of economies of scale in the area with 35% of the market going to Asia Pacific, followed by North America, Latin America, Europe, and MEA. Asia Pacific has emerged as a significant manufacturing hub.
According to Coherent Market Insights, The market for High Purity Alumina was valued at US$ 3157.2 million, and from 2023 to 2030, it is anticipated to grow at a CAGR of 19.45%.
Market Leaders in the High Purity Alumina Industry:
1. Altech Chemicals Limited
The business was established in 2007 and the business is headquartered in Subiaco, Western Australia. Altech Batteries Ltd. is a business that specialises in battery technology. The company develops initiatives for sodium alumina solid state batteries and other related materials. Altech Batteries provides services to clients all around the world.
2. Baikowski Pure Solutions,
The business was founded in 1904 and has its headquarters in France. High quality alumina powders and formulations are produced industrially by Baikowski. It provides items such technical ceramics, bioceramics, ceramic matric composite, chemical mechanical polishing, conventional lighting, light conversion phosphors, polishing solution, transparent and translucent ceramics, and others.
3. Nippon Light Metal,
The business was founded in 2012 and is located in Tokyo, Japan. Manufacturer and distributor of aluminium goods is Nippon Light Metal Company, Ltd. Aluminum hydroxides, ingots, alloys, and other products are produced by the company. In addition, Nippon Light Metal offers services such as insurance brokerage, information processing, and transportation.
4. Polar Sapphire Ltd.
The company was founded in 2013 and has its main office Mississauga, Ontario, Canada. Polar Sapphire has created a unique process for making inexpensive, high-purity alumina. To produce the highest-purity and cheapest High Purity Alumina in the world, Polar Sapphire has invented a revolutionary production technology (HPA).
5. Sumitomo Chemical Co. Ltd.,
The business was founded in 1913 and is situated in Chuo City, Tokyo, Japan. The business produces chemicals, with a focus on petrochemicals, fine chemicals, such as photo-resists, pharmaceutical intermediates, and agrochemicals, as well as basic and basic petrochemicals. In order to further grow its biorationals business, Sumitomo Chemical agreed to acquire the U.S. Biostimulant Business Corporation in January 2023.
6. Orbite Technologies Inc.,
The business was founded in 1983 and is situated in Canada. The Business offers services for the monetization of trash in addition to focusing on speciality products, high-value development possibilities, and developing technology markets with limited supply. The business changed its name to Advanced Energy Minerals as of 2022, and it now advertises that its new Cap-Chat plant is producing high purity alumina.
7. Alcoa Inc,
The firm was founded in 1888 and has its main office in Pittsburgh, Pennsylvania, United States. The business produces aluminium, fabricated aluminium, and alumina, and manages those industries. The Portland Aluminium smelter in Victoria, Australia, will immediately start to cut its overall production due to operational instability, according to an announcement made by Alcoa Company in March 2023.
Definition: High purity aluminium hydroxide is used to make high purity alumina, which is then calcined to preserve high purity. High purity alumina has a high value, high profit margin, and is in high demand since it is a crucial ingredient in the production of synthetic sapphire.
