Global High Purity Aluminum Market Size Was 318 Million USD In 2017
Wednesday, 21 Nov, 2018
The Global High Purity Aluminum market size was 318 million USD in 2017 and it will be 377 million USD in 2025, with a CAGR of 2.24% from 2017 to 2025.
HPA is an expensive product form of Aluminum Oxide (Al2O3) and is widely used in non-metallurgical applications across globe. The product is used as a base to produce sapphire substrates which are widely applicable in industry. It is used to manufacture a wide range of products such as plasma display screens, scratch resistant sapphire glasses for smart watch and smart phones, LED lights, lithium ion battery separators, sodium lamps, semiconductors, optical lenses, hybrid cars, electric vehicles and others.
High purity alumina (HPA) is divided into various types of products including 4N, 5N, and 6N. They differ from one another based on purity level with 4N having lesser percentage of Al2O3 compared to 5N and 6N. In 2017, the 4N purity HPA sales was 117867 MT and the market share was 90.33%, and it will be 141012 MT and 90.53% in 2025, with a CAGR 1.71 % from 2017 to 2025.
Joinworld, HYDRO, Chinalco Baotou Aluminum, Rusal, Sumitomo and SHOWA DENKO are the top players in High Purity Aluminum market.
Each of the High Purity Aluminum manufacturers has its own mature sales networks. Through their authorized distributors or their partners, major High Purity Aluminum manufacturers keep keening on expanding their High Purity Aluminum sales. To achieve better sales business, High Purity Aluminum manufacturers usually invest on their marketing channel infrastructures every year.