Industry Experts - Market Research

LEDs & Li-ion Batteries Propel the Demand for High Purity Alumina, Global Market to Touch $10 billion by 2030

Thursday Feb 06, 2025

Industry Experts, Inc., has released its latest market research report on High Purity Alumina Market, which projects the demand for the same to be estimated at US$3.7 billion in 2024 and projected to reach US$9.9 billion by 2030 at a CAGR of 17.9% between the two years.

Some of the factors driving demand for High Purity Alumina (HPA) include growth in demand for energy-efficient lighting, exponential increase in the number of electric vehicles (EVs) being manufactured & sold and advancements in the electronics & semiconductors sectors. The demand for LED bulbs as eco-friendly and energy-conserving sources of lighting has witnessed considerable growth in recent times, signifying a trend that will continue. HPA is a major component in LED bulbs, used to create the substrate, which is the foundation upon which the LED chip is mounted. This chip is typically made of synthetic sapphire that itself is derived from high purity alumina. LED bulbs offer enhanced efficiency and performance due to excellent heat dissipation and optimal light emission because of HPA's high thermal conductivity and optical clarity, making it a critical part of these bulbs.

With an estimated share of nearly 70% in 2024, the demand for 4N purity level of High Purity Alumina leads the worldwide market. 4N HPA possesses certain exclusive properties, such as outstanding hardness, high melting point and thermal & chemical stability, making it ideal for use in LED lights, lithium-ion batteries, semiconductors and scratch-resistant sapphire glass used in smartphones and other electronic devices. However, the demand for 5N HPA is anticipated to outpace other purity levels of HPA, owing to its superior electrical insulating capabilities and high heat conductivity that allow it to be used in lithium-ion batteries, LEDs for outdoor displays, high-performance backlight modules and traffic lights. 6N HPA is the most expensive among all categories of HPA because of its highest purity level, thereby limiting its use to high-end applications in the medical and aerospace & defense sectors, which is also expected to maintain a healthy growth in demand.

The report studies the High Purity Alumina market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, the United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific) and Rest of World.

The market for major purity levels of High Purity Alumina analyzed in this report include 4N, 5N and 6N. The study also examines the market for High Purity Alumina by technology, comprising Hydrolysis, Hydrochloric Acid (HCl) Leaching and Other Technologies (Incl. Thermal Decomposition & Vapor-Phase Oxidation). With regard to applications, the High Purity Alumina market is analyzed for LED Bulbs & Lighting, Lithium-ion (Li-ion) Batteries, Phosphors, Sapphire Glass, Semiconductor Substrates and Other Applications (Incl. Biomedical Devices, Optical Lenses & Technical Ceramics).

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