Market By Type, Technology, Application, And Country | Forecast 2021-2028
Triton’s report denotes that the North American high purity alumina (HPA) market is predicted to advance at a CAGR of 17.02% over the years 2021-2028. Further, the market is estimated to advance at a CAGR of 17.49% in volume over the same period.
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The countries discussed in this market are:
•       United States
•       Canada
In the United States, the LED lighting segment is primarily motivated by the indoor and outdoor lighting requirements of the residential, commercial, and industrial sectors across the country. Moreover, the country has adopted LED lights in parking garages, streetlights, and walkways. This has led to the rise in the demand for LED light across various end-user industries. Along with this, there is a growing demand for innovative electronic products, owing to technological advancements and rising R&D activities. This growth in LED lighting is likely to create several opportunities for the high purity alumina market.
Furthermore, there is a surge in the manufacturing plants and development centers in the United States due to the growing concentration on high-end product production. For instance, there is a rising demand for smartwatches, drones, smartphones, laptops, and vehicle technology. This will further motivate the progression of the electronic industry, creating demand for sapphire. Hence, these developments are likely to fuel the expansion of the HPA market over the considered period.
Canada is concentrating on emerging technologies, including flexible and hybrid electronics, creating opportunities for the electronics industry. Further, the growth in the consumer electronic segment is primarily driven by product innovations. This has led to the rise in demand for semiconductor, sapphire, lithium-ion batteries, and HPA ceramics, thereby stimulating the evolution of the high purity alumina market across Canada.
Polar Sapphire Ltd is involved in manufacturing inorganic chemicals. It produces high-quality 3N to 6N high purity alumina using an innovative manufacturing method that purifies alumina at low temperatures, consuming less power than traditional processes. The company produces powder, beads, and pucks displaying enhanced sapphire boule yields with low coloration and crystal defects. Polar Sapphire has its headquarters in Ontario, Canada.
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1. NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. NORTH AMERICA IS THE MOST PROMISING REGIONAL MARKET
2.2.2. LI-ION BATTERIES IS ANTICIPATED TO GROW WITH THE HIGHEST CAGR
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF SUPPLIERS
2.3.4. BARGAINING POWER OF BUYERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY MARKET STRATEGIES
2.6.1. ACQUISITIONS
2.6.2. PRODUCT LAUNCH
2.6.3. PARTNERSHIP & AGREEMENTS
2.6.4. BUSINESS EXPANSION
2.7. MARKET DRIVERS
2.7.1. GROWING PREFERENCE FOR LED BULBS
2.7.2. RISE IN MANUFACTURING OF ELECTRIC VEHICLES (EVs)
2.8. MARKET RESTRAINTS
2.8.1. Â HIGH COSTS CHARGED ON PRODUCTION
2.8.2. STRINGENT RULES ON 'RED MUD' EXTRACTS
2.9. MARKET OPPORTUNITIES
2.9.1. RISE IN INVESTMENT IN END-USER INDUSTRIES
2.10. IMPACT OF COVID-19 ON HIGH PURITY ALUMINA (HPA) MARKET
3. NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET OUTLOOK - BY TYPE
3.1. 4N HPA
3.2. 5N HPA
3.3. 6N HPA
4. NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET OUTLOOK - BY TECHNOLOGY
4.1. HYDROLYSIS
4.2. HYDROCHLORIC ACID LEACHING (HCL)
5. NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET OUTLOOK - BY APPLICATION
5.1. LED BULBS
5.2. SEMICONDUCTOR SUBSTRATE
5.3. LI-ION BATTERIES
5.4. OPTICAL LENSES
5.5. BIOMEDICAL DEVICES
5.6. OTHER APPLICATIONS
6. NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET - REGIONAL OUTLOOK
6.1. UNITED STATES
6.2. CANADA
7. COMPETITIVE LANDSCAPE
7.1. ALCOA CORPORATION
7.2. ALTECH CHEMICALS LTD
7.3. BAIKOWSKI SAS
7.4. NIPPON LIGHT METAL HOLDINGS COMPANY LTD
7.5. NORSK HYDRO ASA
7.6. SASOL LTD
7.7. SUMIMOTO CHEMICAL CO LTD
7.8. XUANCHENG JINGRUI NEW MATERIAL CO LTD
7.9. ZIBO HONGHE CHEMICAL CO LTD
7.10. ALPHA HPA LIMITED
7.11. ANDROMEDA METALS LTD
7.12. POLAR SAPPHIRE LTD
7.13. RUSAL
7.14. FYI RESOURCES LTD
8. METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY
TABLE 1: MARKET ATTRACTIVENESS INDEX
TABLE 2: VENDOR SCORECARD
TABLE 3: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 5: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 7: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY TECHNOLOGY, 2021-2028 (IN KILOTON)
TABLE 9: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
FIGURE 2: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY 4N HPA, 2021-2028 (IN $ MILLION)
FIGURE 3: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY 5N HPA, 2021-2028 (IN $ MILLION)
FIGURE 4: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY 6N HPA, 2021-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY HYDROLYSIS, 2021-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY HYDROCHLORIC ACID LEACHING (HCL), 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY LED BULBS, 2021-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY SEMICONDUCTOR SUBSTRATE, 2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY LI-ION BATTERIES, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY OPTICAL LENSES, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY BIOMEDICAL DEVICES, 2021-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA HIGH PURITY ALUMINA (HPA) MARKET, REGIONAL OUTLOOK, 2020 AND 2028 (IN %)
FIGURE 14: UNITED STATES HIGH PURITY ALUMINA (HPA) MARKET 2021-2028 (IN $ MILLION)
FIGURE 15: CANADA HIGH PURITY ALUMINA (HPA) MARKET 2021-2028 (IN $ MILLION)