Albany, NY -- (SBWIRE) -- 09/06/2018 -- High purity aluminum oxide is often termed as high purity alumina (HPA). It is a high-value, white, granular chemical produced commercially either by treating aluminum with specific chemicals or by use of other aluminous feed stock. Some of the most commonly used processes for HPA production include alkoxide process, thermal decomposition process, choline hydrolysis process, and modified Bayer process. Prominent product types offered in the HPA market are 4N HPA–99.99%, 5N HPA–99.999%, and 6N HPA– 99.9999%.
Developing economies such as those in Asia Pacific in particular are expected to witness strong growth in adoption of LEDs for lighting applications over the forecast period. Increasing demand for HPA from the electronics industry and for other applications such as lithium-ion battery, sapphire glass for optical applications, and sapphire screens among others is expected to fuel the high purity alumina market during the forecast period.
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High purity alumina is utilized in applications such as LED production, semiconductor industry, sapphire substrates (such as sapphire glass, monocrystals, LCDs, etc.), lithium-ion battery production (as battery separator coatings) among others. Production costs for LEDs and related products have declined over the recent past. Furthermore, this trend is expected to continue over the forecast period. Thus, steady rise in demand for LEDs and the corresponding increase in LED production are expected to drive the consumption of high purity alumina during the forecast period.
Recent advances in LED technology have prompted governments to quickly adopt the technology. With development in energy efficient technology, developed as well as developing economies are quickly moving to LEDs to avert an energy crisis. For instance, the government of China offers substantial subsidies for LED production in order to ensure rapid expansion of the LED industry in the country. Also, the U.S. Department of Energy has highlighted the benefits associated with the switchover to LED lighting against conventional lighting. Accordingly, there has been a significant focus on increasing the penetration of LEDs, especially in lighting applications in the U.S..
Companies are continuously adopting the strategy of expanding their geographical footprint through capacity expansion, introduction of new products, and expansion of end-use portfolios. For instance, Sumitomo Chemical Co., Ltd. expanded the production capacity of a manufacturing facility for high-purity alumina, used mainly as a raw material for sapphire substrates used in LEDs, from 1,600 tons per year to 3,200 tons per year.
Production of high purity alumina is highly capital intensive, which creates high entry barriers for new entrants. High production costs result in high cost of end-products and relatively low profitability. Thus, the market is highly consolidated and is mainly dominated by major players based in China, Japan, South Korea, and the U.S.
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High Purity Alumina Market – Grade Analysis
High Purity Alumina Market – Application Analysis
- Li-ion Batteries
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