About High Purity Aluminium
High purity Aluminum is widely used in industries engaged in the manufacturing of semiconductors, light-emitting diode (LED), electrolytic capacitor foils, and LCD displays, electronic storage systems, and photovoltaic cells. The performance and price of high-purity aluminum oxide vary, depending upon its degree of purity.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
CAGR | 11.1% |
To stay too competitive in the high purity aluminum market, key players are adopting strategies such as business expansion. The high-purity aluminum industry is characterized by the presence of a large number of multinational corporations. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global High Purity Aluminium market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alcoa Corporation (United States), Sasol Ltd (South Africa), Nippon Light Metal Holdings Company Ltd. (Japan), Sumitomo Chemical Co., Ltd. (Japan), Altech Chemicals Ltd. (Australia), Orbite Technologies Inc. (Canada), Xuancheng Jingrui New Material Co., Ltd. (China), Zibo Honghe Chemical Co., Ltd. (China), Baikowski SAS. (France) and Showa Denko KK (SDK) (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Norsk Hydro (Norway), China Hongqiao Group Limited (China), Rio Tinto (United Kingdom) and UC Rusal (Russia).
Segmentation Overview
AMA Research has segmented the market of Global High Purity Aluminium market by Type (Aluminium Foil, Aluminium Sheet, Aluminium Plate, Aluminium Pellet and Other), Application (Semiconductor, Diode, Display, Capacitor and Others) and Region.
On the basis of geography, the market of High Purity Aluminium has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Hydrolysis will boost the High Purity Aluminium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Aluminous Clay Resources to Produce High-Purity Alumina and Favorable Policy Environmental and Governmental Support
Market Growth Drivers:
Increase in Demand for High Purity Alumina from the LED Industry and Growing Demand in Various End-User Industries
Restraints:
High Cost of Production
Opportunities:
The Surge to Demand from Emerging Economies
Market Leaders and their expansionary development strategies
In February 2023, American Resources Corporation (ARC) announced a definitive agreement with Tri Valley Minerals Corporation (TVMC) to form a joint venture focused on developing the latter's high-purity kaolin deposit in Georgia, USA. This kaolin can be used to produce HPA.
In November 2022, Zhongzhou Aluminium Co., Ltd., a leading Chinese aluminium producer, announced the launch of its 99.99% HPA product. This product is targeted towards the growing demand for HPA in the semiconductor industry.
Key Target Audience
Government Regulatory Bodies, Private Research Organizations, Industry Associations, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.