High Purity Alumina Market Size Worth $6.68 Billion by 2025

Grand View Research, Inc. - Seite 2

HPA is used as a coating on the separator of the lithium-ion battery, which is used in electronics and electric vehicles (EVs). Growth in these industries has boosted the demand for lithium-ion battery and eventually for the HPA-coated separators. For example, W-Scope Corporation's HPA-coated separator sheet sales volume increased from 30% in Q4 2017 to 51% in Q4 2018. The increasing demand for separators are propelling the HPA demand. The lithium-ion battery application segment is anticipated to grow at a CAGR of 20.5%, in terms of volume, during the forecast period.

In 2018, Asia Pacific was the largest regional segment of the global HPA market and is expected to progress at a CAGR of 22.4%, in terms of revenue, over the forecast period. The growth is attributable to increasing production of sapphire ingots and lithium-ion battery separators in the region.

Manufacturers of battery separators in Asia Pacific are focusing on increasing their production capacities to meet the ascending demand for lithium-ion batteries in the region. For instance, in July 2019, SK Innovation announced about expanding the production capacity for lithium-ion battery separators at its plant in South Korea. The expansion will increase the annual production capacity of the company by around 47%. The increasing production of separators is thus, anticipated to augment the HPA consumption in Asia Pacific, during the forecast period.

The key players of the high purity alumina market such as Sumitomo Chemical Co., Ltd, Altech Chemicals Ltd., Baikowski, FYI Resources Limited, and Pure Alumina are striving to extend their market share due to intense competition. Strategic initiatives such as investments in research & development, capacity expansion, and cost-effective manufacturing processes are being adopted by the key players.

Grand View Research has segmented the global high purity alumina market report on the basis of product, application, and region:

• High Purity Alumina Product Outlook (Volume, Kilotons, Revenue, USD Million, 2014 - 2025)
• 4N
• 5N
• 6N
• High Purity Alumina Application Outlook (Volume, Kilotons, Revenue, USD Million, 2014 - 2025)
• LED
• Semiconductor
• Phosphor
• Sapphire
• Lithium-ion battery
• Others
• High Purity Alumina Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Middle East & Africa

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