High purity alumina market: APAC is estimated to contribute 72% to the growth of the global market during the forecast period – Technavio

 NEW YORK, Dec. 5, 2022 /PRNewswire/ — The high purity alumina market size is forecast to grow by USD 3500.2 million at a CAGR of 25.5% between 2022 and 2027. APAC is forecast to contribute 72% to the growth of the global high purity alumina market during the forecast period. The market in the region is estimated to grow at the fastest pace during the forecast period. The presence of a strong manufacturing industrial base and the rising demand for LEDs and semiconductors will facilitate the high purity alumina market growth in APAC over the forecast period.

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High purity alumina market: Segmentation Analysis

Technavio has segmented the high purity alumina market by application (LEDs, semiconductors, phosphors, and others), type (4N HPA, 5N HPA, and 6N HPA), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The report provides actionable insights and estimates the contribution of all segments to the growth of the global high purity alumina market.

• The LEDs segment held the largest share of the market in the base year. The segment is driven by the increasing use of LEDs in various applications such as automobile headlights, home illumination, multimedia displays, advertisement lighting, and backlights in mobile phones, and others. Also, the increasing preference for LED bulbs over conventional bulbs and lamps will contribute to the growth of the segment.

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Key factor driving market growth

• The rising adoption of LED lighting technology is one of the factors driving the high purity alumina market growth.
• Globally, the need to reduce electricity consumption and the rising awareness of green technologies are increasing the consumer demand for energy-efficient and eco-friendly lights such as LED lighting.
• Governments are also encouraging the use of LED lights and bulbs by offering subsidies. For example, countries such as China, India, and Japan have started promotional campaigns to make LEDs available at subsidized rates and provide land at low prices to companies to set up LED factories.
• The demand for LEDs is expected to further increase during the forecast period with rise in commercial and residential construction activities worldwide. All these factors are expected to drive the growth of the market during the forecast period.

Leading trends influencing the market

• The declining manufacturing cost of LEDs is one of the key high purity alumina market trends fueling the market growth. The cost of manufacturing LEDs has declined significantly in the last decade. The decline in cost can be mainly attributed to the reduced prices of semiconductor chips and other components used in LEDs. This is subsequently leading to a decline in the initial installation cost of LED lamps and fixtures. As a result of these factors, the demand for LEDs is increasing significantly across all the application sectors, such as industrial, commercial, residential, and others. Thus, the declining manufacturing cost of LEDs will have a positive impact on the growth of the market during the forecast period.

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Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Buy the Report

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will drive the growth of the high purity alumina market between 2023 and 2027
• Precise estimation of the size of the high purity alumina market and its contribution to the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the high purity alumina market industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive details of factors that will challenge the growth of high purity alumina market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global high purity alumina market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global high purity alumina market 2017 – 2021 ($ million)

• 4.2 Application Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 LEDs – Market size and forecast 2022-2027
• Exhibit 34: Chart on LEDs – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on LEDs – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on LEDs – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on LEDs – Year-over-year growth 2022-2027 (%)

• 6.4 Semiconductors – Market size and forecast 2022-2027
• Exhibit 38: Chart on Semiconductors – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Semiconductors – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Semiconductors – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Semiconductors – Year-over-year growth 2022-2027 (%)

• 6.5 Phosphors – Market size and forecast 2022-2027
• Exhibit 42: Chart on Phosphors – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Phosphors – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Phosphors – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Phosphors – Year-over-year growth 2022-2027 (%)

• 6.6 Others – Market size and forecast 2022-2027
• Exhibit 46: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 51: Chart on Type – Market share 2022-2027 (%)
• Exhibit 52: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 53: Chart on Comparison by Type
• Exhibit 54: Data Table on Comparison by Type

• 7.3 4N HPA – Market size and forecast 2022-2027
• Exhibit 55: Chart on 4N HPA – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on 4N HPA – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on 4N HPA – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on 4N HPA – Year-over-year growth 2022-2027 (%)

• 7.4 5N HPA – Market size and forecast 2022-2027
• Exhibit 59: Chart on 5N HPA – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on 5N HPA – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on 5N HPA – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on 5N HPA – Year-over-year growth 2022-2027 (%)

• 7.5 6N HPA – Market size and forecast 2022-2027
• Exhibit 63: Chart on 6N HPA – Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on 6N HPA – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on 6N HPA – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on 6N HPA – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 67: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027
• Exhibit 77: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027
• Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 Taiwan – Market size and forecast 2022-2027
• Exhibit 97: Chart on Taiwan – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Taiwan – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Taiwan – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Taiwan – Year-over-year growth 2022-2027 (%)

• 9.10 US – Market size and forecast 2022-2027
• Exhibit 101: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.11 South Korea – Market size and forecast 2022-2027
• Exhibit 105: Chart on South Korea – Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on South Korea – Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on South Korea – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on South Korea – Year-over-year growth 2022-2027 (%)

• 9.12 Japan – Market size and forecast 2022-2027 
• Exhibit 109: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Advanced Energy Minerals 
• Exhibit 120: Advanced Energy Minerals – Overview
• Exhibit 121: Advanced Energy Minerals – Product / Service
• Exhibit 122: Advanced Energy Minerals – Key offerings

• 12.4 Alcoa Corp. 
• Exhibit 123: Alcoa Corp. – Overview
• Exhibit 124: Alcoa Corp. – Business segments
• Exhibit 125: Alcoa Corp. – Key offerings
• Exhibit 126: Alcoa Corp. – Segment focus

• 12.5 Alpha HPA Ltd. 
• Exhibit 127: Alpha HPA Ltd. – Overview
• Exhibit 128: Alpha HPA Ltd. – Business segments
• Exhibit 129: Alpha HPA Ltd. – Key offerings
• Exhibit 130: Alpha HPA Ltd. – Segment focus

• 12.6 Altech Chemicals Ltd. 
• Exhibit 131: Altech Chemicals Ltd. – Overview
• Exhibit 132: Altech Chemicals Ltd. – Product / Service
• Exhibit 133: Altech Chemicals Ltd. – Key offerings

• 12.7 Baikowski SA 
• Exhibit 134: Baikowski SA – Overview
• Exhibit 135: Baikowski SA – Product / Service
• Exhibit 136: Baikowski SA – Key offerings

• 12.8 CoorsTek Inc. 
• Exhibit 137: CoorsTek Inc. – Overview
• Exhibit 138: CoorsTek Inc. – Product / Service
• Exhibit 139: CoorsTek Inc. – Key news
• Exhibit 140: CoorsTek Inc. – Key offerings

• 12.9 Devtaar GmbH 
• Exhibit 141: Devtaar GmbH – Overview
• Exhibit 142: Devtaar GmbH – Product / Service
• Exhibit 143: Devtaar GmbH – Key offerings

• 12.10 FYI Resources Ltd. 
• Exhibit 144: FYI Resources Ltd. – Overview
• Exhibit 145: FYI Resources Ltd. – Product / Service
• Exhibit 146: FYI Resources Ltd. – Key offerings

• 12.11 HPA Sonics 
• Exhibit 147: HPA Sonics – Overview
• Exhibit 148: HPA Sonics – Product / Service
• Exhibit 149: HPA Sonics – Key offerings

• 12.12 Nippon Light Metal Co. Ltd. 
• Exhibit 150: Nippon Light Metal Co. Ltd. – Overview
• Exhibit 151: Nippon Light Metal Co. Ltd. – Product / Service
• Exhibit 152: Nippon Light Metal Co. Ltd. – Key offerings

• 12.13 Norsk Hydro ASA 
• Exhibit 153: Norsk Hydro ASA – Overview
• Exhibit 154: Norsk Hydro ASA – Business segments
• Exhibit 155: Norsk Hydro ASA – Key offerings
• Exhibit 156: Norsk Hydro ASA – Segment focus

• 12.14 Oyak 
• Exhibit 157: Oyak – Overview
• Exhibit 158: Oyak – Product / Service
• Exhibit 159: Oyak – Key offerings

• 12.15 Polar Sapphire Ltd. 
• Exhibit 160: Polar Sapphire Ltd. – Overview
• Exhibit 161: Polar Sapphire Ltd. – Product / Service
• Exhibit 162: Polar Sapphire Ltd. – Key offerings

• 12.16 Sasol Ltd. 
• Exhibit 163: Sasol Ltd. – Overview
• Exhibit 164: Sasol Ltd. – Business segments
• Exhibit 165: Sasol Ltd. – Key news
• Exhibit 166: Sasol Ltd. – Key offerings
• Exhibit 167: Sasol Ltd. – Segment focus

• 12.17 Vizag Chemical International 
• Exhibit 168: Vizag Chemical International – Overview
• Exhibit 169: Vizag Chemical International – Product / Service
• Exhibit 170: Vizag Chemical International – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 13.5 List of abbreviations 
• Exhibit 177: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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