03.10.2018 Views

High Purity Alumina Market in phosphor segment to cross $550mn by 2025

More Information @ https://bit.ly/2O18Pvv The global high purity alumina (HPA) market has been segmented on the basis of application into LED’s, semiconductors, phosphor, sapphire, and others. The others segment includes Li-ion batteries. In 2017, LED segment held a prominent share of more than 50% of the global high purity alumina market. Increasing population coupled with advanced living standards has significantly upsurge sustainable and energy efficient products.

More Information @ https://bit.ly/2O18Pvv
The global high purity alumina (HPA) market has been segmented on the basis of application into LED’s, semiconductors, phosphor, sapphire, and others. The others segment includes Li-ion batteries. In 2017, LED segment held a prominent share of more than 50% of the global high purity alumina market. Increasing population coupled with advanced living standards has significantly upsurge sustainable and energy efficient products.

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<strong>High</strong> <strong>Purity</strong> <strong>Alum<strong>in</strong>a</strong> <strong>Market</strong> <strong>to</strong> grow at 15.8% CAGR<br />

from 2018 <strong>to</strong> <strong>2025</strong>: Global <strong>Market</strong> Insights Inc.<br />

<strong>High</strong> <strong>Purity</strong> <strong>Alum<strong>in</strong>a</strong> <strong>Market</strong> <strong>to</strong> surpass USD 4 billion <strong>by</strong> <strong>2025</strong>; driven <strong>by</strong> <strong>in</strong>creas<strong>in</strong>g<br />

adoption of LED bulbs over conventional bulbs. HPA is the product of many steps of<br />

smelter grade alum<strong>in</strong>a (SGA) purification, which is traditionally extracted via Bayer<br />

process, that relies on dissolv<strong>in</strong>g m<strong>in</strong>erals from bauxite with caustic soda followed <strong>by</strong><br />

chemical isolation of the product. The high brightness property of HPA is useful <strong>in</strong><br />

creation of more efficient and environment friendly light<strong>in</strong>g solutions and facilitate<br />

advertisement display solutions. Synthetic sapphire obta<strong>in</strong>ed from verneuil process,<br />

a flame fusion process that uses HPA powder for manufactur<strong>in</strong>g synthetic<br />

gems<strong>to</strong>nes, are equivalent <strong>to</strong> natural sapphires. Therefore, <strong>in</strong>creas<strong>in</strong>g usage of the<br />

product as a base <strong>to</strong> produce sapphire substrates will propel high purity alum<strong>in</strong>a<br />

market <strong>in</strong> com<strong>in</strong>g years.<br />

Some of the crucial challenges of the global high purity alum<strong>in</strong>a market <strong>in</strong>volve<br />

expensive feeds<strong>to</strong>ck, scarcity and high cost of skilled workforce, strict government<br />

regulations and high energy cost required, which will subsequently result <strong>in</strong> high<br />

pric<strong>in</strong>g of f<strong>in</strong>ished products and a relatively low profitability. Due <strong>to</strong> this, the high<br />

purity alum<strong>in</strong>a market is ma<strong>in</strong>ly dom<strong>in</strong>ated <strong>by</strong> Ch<strong>in</strong>a due <strong>to</strong> presence of large bauxite<br />

reserves <strong>in</strong> the region.<br />

<strong>High</strong> <strong>Purity</strong> <strong>Alum<strong>in</strong>a</strong> <strong>Market</strong><br />

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Some of the crucial challenges of the global high purity alum<strong>in</strong>a market <strong>in</strong>volve<br />

expensive feeds<strong>to</strong>ck, scarcity and high cost of skilled workforce, strict government<br />

regulations and high energy cost required, which will subsequently result <strong>in</strong> high<br />

pric<strong>in</strong>g of f<strong>in</strong>ished products and a relatively low profitability. Due <strong>to</strong> this, the high<br />

purity alum<strong>in</strong>a market is ma<strong>in</strong>ly dom<strong>in</strong>ated <strong>by</strong> Ch<strong>in</strong>a due <strong>to</strong> presence of large bauxite<br />

reserves <strong>in</strong> the region.<br />

With over 70% of the <strong>in</strong>dustry share 4N high purity alum<strong>in</strong>a will foresee growth at a<br />

significant pace due <strong>to</strong> its huge acceptance <strong>in</strong> energy-efficient light<strong>in</strong>g solutions and<br />

electronic displays. The 5N HPA will account for over USD 1 billion <strong>by</strong> the end of<br />

<strong>2025</strong>, ow<strong>in</strong>g <strong>to</strong> its ris<strong>in</strong>g usage <strong>in</strong> sapphire substrates, electrolytic capaci<strong>to</strong>r foils,<br />

electronic s<strong>to</strong>rage systems and pho<strong>to</strong>voltaic cells.<br />

Based on revenue, hydrolysis technology will capture over USD 3 billion <strong>by</strong> <strong>2025</strong>.<br />

This method <strong>in</strong>volves addition of alcohol <strong>to</strong> alum<strong>in</strong>um that facilitate hydrolysis of<br />

alum<strong>in</strong>um alkoxide <strong>in</strong> produc<strong>in</strong>g HPA, appropriate level of purity is achieved <strong>by</strong><br />

remov<strong>in</strong>g contam<strong>in</strong>ants such as iron copper, and silicon <strong>to</strong> obta<strong>in</strong> the performance<br />

benefits such as higher conductivity, brightness and optimal process<strong>in</strong>g.<br />

U.S. <strong>High</strong> <strong>Purity</strong> <strong>Alum<strong>in</strong>a</strong> <strong>Market</strong> Size, By Application, 2014 – <strong>2025</strong> (USD Million)<br />

Browse key <strong>in</strong>dustry <strong>in</strong>sights spread a<strong>cross</strong> 240 pages with 335 market data tables &<br />

23 figures & charts from the report, “<strong>High</strong> <strong>Purity</strong> <strong>Alum<strong>in</strong>a</strong> (HPA) <strong>Market</strong> Size By<br />

Technology (Hydrolysis, HCl Leach<strong>in</strong>g), By Product (4N, 5N, 6N), By<br />

Application (LED’s, Semiconduc<strong>to</strong>rs, Phosphor, Sapphire), Industry Analysis<br />

Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spa<strong>in</strong>, Italy,<br />

Russia, Ch<strong>in</strong>a, India, Japan, Australia, Indonesia, Malaysia, South Korea,<br />

Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential,<br />

Price Trends, Competitive <strong>Market</strong> Share & Forecast, 2018 – <strong>2025</strong>” <strong>in</strong> detail along<br />

with the table of contents: https://bit.ly/2nEqjAo<br />

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Based on volume, LED’s <strong>segment</strong> will capture over 50% of the high purity alum<strong>in</strong>a<br />

market share. The <strong>phosphor</strong> <strong>segment</strong> is said <strong>to</strong> poise over USD 550 million <strong>by</strong> <strong>2025</strong>.<br />

Rapid growth of <strong>phosphor</strong>-based products such as plasma televisions <strong>in</strong> which high<br />

purity alum<strong>in</strong>a is used <strong>to</strong> control the characteristics of <strong>phosphor</strong>ous products is<br />

expected <strong>to</strong> grow and help boost the HPA market.<br />

Based on volume, North America driven <strong>by</strong> U.S. will exhibit growth with a CAGR of<br />

close <strong>to</strong> 18%. The regional 4N HPA market is said <strong>to</strong> capture close <strong>to</strong> USD 350<br />

million <strong>by</strong> the end of forecast spell.<br />

Global high purity alum<strong>in</strong>a market is highly competitive due <strong>to</strong> presence of several<br />

<strong>in</strong>dustry players. Some crucial players <strong>in</strong> the <strong>in</strong>dustry are, Baikowski SAS, Nippon<br />

Light Metal Co. Limited, Orbite Technologies, Altech Chemicals Limited, Polar<br />

Sapphire Limited, Sasol, UC RUSAL, Sumi<strong>to</strong>mo Chemical, Alcoa Corporation, Zibo<br />

Honghe Chemical Company.<br />

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Industry Coverage<br />

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About Global <strong>Market</strong> Insights<br />

Global <strong>Market</strong> Insights, Inc., headquartered <strong>in</strong> Delaware, U.S., is a global market<br />

research and consult<strong>in</strong>g service provider; offer<strong>in</strong>g syndicated and cus<strong>to</strong>m research<br />

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reports are designed via a proprietary research methodology and are available for<br />

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