How big is the High-Purity Alumina Market?

The High-Purity Alumina Market size is expected to reach 100.42 million tons in 2024 and grow at a CAGR of 20.34% to reach 253.41 million tons by 2029. Read More

What is the current High-Purity Alumina Market size?

In 2024, the High-Purity Alumina Market size is expected to reach 100.42 million tons. Read More

Who are the key players in High-Purity Alumina Market?

Hebei Pengda New Material Technology Co. Ltd, Sumitomo Chemical Co. Ltd, Baikowski, Xuancheng Jingrui New Materials Co. Ltd and Sasol are the major companies operating in the High-Purity Alumina Market. Read More

Which is the fastest growing region in High-Purity Alumina Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in High-Purity Alumina Market?

In 2024, the Asia Pacific accounts for the largest market share in High-Purity Alumina Market. Read More

What years does this High-Purity Alumina Market cover, and what was the market size in 2023?

In 2023, the High-Purity Alumina Market size was estimated at 79.99 million tons. The report covers the High-Purity Alumina Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High-Purity Alumina Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

High-Purity Alumina (HPA) Market Trends

Market Trends of High-Purity Alumina (HPA) Industry

The LED Lighting Segment is Expected to Dominate the Market

High-purity alumina is used as a substrate material to produce LED (light-emitting diode) chips. LED chips are typically mounted on a substrate to provide mechanical support and thermal management. HPA's high thermal conductivity helps dissipate heat efficiently, thus improving the performance and lifespan of LED devices.
LED lighting has gained widespread adoption due to its energy efficiency, long lifespan, and environmental benefits compared to traditional lighting technologies such as incandescent and fluorescent bulbs. The increasing demand for LED lighting products in residential, commercial, and industrial applications drives the demand for high-purity alumina substrates.
According to the US Department of Energy, the outdoor segment holds the maximum consumption of LED lighting, which is expected to grow by 93% by 2025.
According to the International Energy Agency, LEDs save 80-90% more energy than incandescent light bulbs.
According to the International Energy Agency, in addition to removing virtually all fluorescent lighting in 2023, the European Union updated its regulations under the Ecodesign Directive and the Restriction of Hazardous Substances Directive. In Africa, a regionally harmonized lighting standard has been adopted in 16 countries of the Southern African Development Community in order to introduce all LED lighting to the market in the next few years.
According to the LED Lighting Supply, LEDs are expected to increase up to 87% of global lighting sources by 2030. The global LED market is expected to grow to almost USD 100 billion in 2030.
According to TrendForce's most recent reports, the year 2024 will be crucial for the global LED lighting market, with an estimated 5.8 billion LED lamps and luminaires reaching their end-of-life. In 2026, the market is expected to reach a value of more than USD 93 billion. As the global community attempts to achieve net zero emissions, the demand for energy-saving LED conversion is expected to increase.
Considering all the abovementioned facts and factors, the demand for HPA for LED-based lighting applications is expected to increase during the forecast period.

High-Purity Alumina (HPA) Market: Installation of Outdoor LED Units in United States, Million Units, 2017-20235*

Understand The Key Trends Shaping This Market

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Asia-Pacific is Expected to Dominate the Market

Asia-Pacific is a central manufacturing hub for high-purity alumina and its end-use products. Countries like China, Japan, South Korea, and Taiwan have established robust manufacturing infrastructures and supply chains for high-purity alumina production and processing.
The region has experienced rapid urbanization and industrialization, thus driving the demand for advanced materials like high-purity alumina in the automotive, electronics, aerospace, and healthcare sectors. The growing demand for high-purity alumina-based products in these sectors fuels the regional market’s dominance.
In addition, China is promoting the use of electric vehicles, which may increase the demand for lithium-ion batteries in the future, according to the China Passenger Car Association (CPCA) report. In China, around 9.5 million battery-electric cars and plug-in hybrids were sold in 2023.
The electric vehicle sales in India reached 23,900 units in Q3 2023, according to the data released by the Economic Times.
In March 2024, Tata Electronics Private Limited (TEPL), in collaboration with Powerchip Semiconductor Manufacturing Corporation (PSMC) Taiwan, announced its plans to set up a semiconductor fabrication plant (SFC) in the state of Gujarat. The total investment amount of the project is estimated at INR 9,000 billion (USD 109.71 billion). PSMC is one of the six largest semiconductor foundry companies in Taiwan. The capacity will cover segments like high-performance computing (HPC) chips with 28nm technology, processor power management (PPM) chips, electric vehicles (EVs), telecommunication, defense, automobile, and consumer electronics (display, power electronics).
The growth of the Asia-Pacific high-purity alumina market is expected to be supported by the abovementioned factors over the forecast period.