LONDON–(BUSINESS WIRE)–The global high purity alumina market size is expected to grow by 127.11 k MT during 2020-2024, progressing at a CAGR of over 29% during the forecast period.

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The rising adoption of LED lighting is one of the major factors propelling market growth.

The sapphire-based substrate is majorly used in LED lights, and high purity alumina is the material used to produce sapphire. LED lights have a much lower cost of ownership as they are long-lasting, can be miniaturized, and can save up to 80% of energy in comparison to traditional lights. Subsequently, the market is witnessing high demand for LED lights such as high-intensity discharge (HID) bulbs, metal halide (MH) bulbs, and high-pressure sodium (HPS). This will increase the requirement for sapphire-based substrates, which will, in turn, drive high purity alumina market growth.

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Global High Purity Alumina Market: Application Landscape

Market growth in the LEDs segment will be faster than the growth of the market in the semiconductors, phosphors, and other segments.

Global High Purity Alumina Market: Geographic Landscape

APAC was the largest high purity alumina market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Almost 77% of the market’s growth will originate from APAC during the forecast period. China, Taiwan, and South Korea (Republic of Korea) are the key markets for high purity alumina in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Related Reports on Materials Include:

Global Tabular Alumina Market: The tabular alumina market size has the potential to grow by 155.90 thousand MT during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!

Companies Covered

  • Alcoa Corp.
  • Altech Chemicals Ltd.
  • Baikowski SA
  • Nippon Light Metal Holdings Co. Ltd.
  • Norsk Hydro ASA
  • Sasol Ltd.
  • Sumitomo Chemical Co. Ltd.
  • United Company Rusal Plc
  • Xuan Cheng Jing Rui New Material Co. Ltd.
  • Zibo Honghe Chemical Co. Ltd.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, till 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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High Purity Alumina Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist in high purity alumina market growth during the next five years
  • Estimation of the high purity alumina market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the high purity alumina market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of high purity alumina market, vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application by Volume

  • Market segments
  • Comparison by Application by volume placement
  • LEDs – Market size and forecast 2019-2024 ($ millions)
  • Semiconductors – Market size and forecast 2019-2024 ($ millions)
  • Phosphors – Market size and forecast 2019-2024 ($ millions)
  • Others – Market size and forecast 2019-2024 ($ millions)
  • Market opportunity by Application by volume

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alcoa Corp.
  • Altech Chemicals Ltd.
  • Baikowski SA
  • Nippon Light Metal Holdings Co. Ltd.
  • Norsk Hydro ASA
  • Sasol Ltd.
  • Sumitomo Chemical Co. Ltd.
  • United Company Rusal Plc
  • Xuan Cheng Jing Rui New Material Co. Ltd.
  • Zibo Honghe Chemical Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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