High Purity Alumina Market Size to Grow at 25%: the industry to witness negative impact due to COVID-19 spread
High Purity Alumina Market By Type (4N High Purity Alumina, 5N High Purity Alumina, and 6N High Purity Alumina), by Technology (Hydrolysis and Hydrochloric Acid Leaching), by Application (LED Bulbs, Semiconductor Substrate, Li-Ion Batteries, Optical Lenses, Bio Medical devices, Sapphire, Phosphor and Others) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028
As per the study initiated by Evolve Business Intelligence, the global High Purity Alumina market size is expected to grow at a CAGR of more than 25% from 2021 to 2028.
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- The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
- The companies operating in the High Purity Alumina market have been negatively impacted due to the COVID-19 pandemic resulted in an decrease in the growth of the market for 2020 and 2021.
The demand for high purity alumina has increased due to the high demand for lithium-ion batteries which use high purity alumina to coat the lithium-ion battery separators. The demand for lithium-ion batteries has increased due to the rapid adoption and development of electric vehicles which need batteries. The awareness among consumers about the environmental benefits of using electric cars which include less pollution will contribute to the market. The rise in air pollution has caused people to suffer from various diseases such as asthma, lung problems, breathing problems, and many others. Due to these, the demand for an electric car is expected to increase rapidly in the coming years
Asia-Pacific will account for the largest market share due to the growing economies and presence of established players in the region. Apart from these, the government has set up various standards for vehicle manufacturers to develop low emission vehicles. The government has started various initiatives to promote the usage of electric vehicles which will increase the demand for the high purity alumina market.
IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.
The global High Purity Alumina market provides an in-depth analysis of key players which includes:
- Orbite Technologies Inc.
- Sumitomo Chemical Co. Ltd.
- Baikowski SAS
- Alcoa Inc.
- Nippon Light Metal Holdings Company Ltd.
- Altech Chemicals Ltd.
- Zibo Honghe Chemical Co. Ltd.
- Sasol and Xuan Cheng Jing Rui New Material Co. Ltd.
- Hebei Pengda Advanced Materials Technology Co. Ltd.
- Norsk Hydro ASA
|Market Size (2020)||$Bn|
|CAGR (2021 to 2028)||More than 25%|
|Market Segmentation||Type, Technology, Application|
|Companies profiled||Orbite Technologies Inc, Sumitomo Chemical Co. Ltd, Baikowski SAS, Alcoa Inc, Nippon Light Metal Holdings Company Ltd, Altech Chemicals Ltd, Zibo Honghe Chemical Co. Ltd, Sasol and Xuan Cheng Jing Rui New Material Co. Ltd, Hebei Pengda Advanced Materials Technology Co. Ltd, Norsk Hydro AS|
|Country Covered||US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America|
|Forecast Years||2022 to 2028|
The global High Purity Alumina Market is segmented based on type, technology, and application. On the basis of type, the market is segmented as 4N High Purity Alumina, 5N High Purity Alumina, and 6N High Purity Alumina. Based on the technology, the market is segmented as Hydrolysis and Hydrochloric Acid Leaching. And based on the application, the market is analyzed across the LED Bulbs, Semiconductor Substrate, Li-Ion Batteries, Optical Lenses, Bio Medical devices, Sapphire, Phosphor and Others.
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Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa and South America)
Key Questioned Answered Through The Report:
- The Impact of COVID-19 on the global market
- What are the potential opportunities for new entrants in the global market
- What is the market Size and Forecast from 2020 to 2028?
- Key Players associated with the global High Purity Alumina Market
- Value Chain Analysis of Global High Purity Alumina Market
- What is the CAGR of the global High Purity Alumina Market from 2021 to 2028
- Major Growth Factor, Challenges, Trends, and Opportunities in the global market
- Key outcomes of SWOT Analysis
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