Global high purity aluminium production market to grow at 2.93% from 2016 to 2021

According to a recently published market research report, global high purity aluminium production market was 149K million tonnes (mt) in 2015 and is expected to grow at a CAGR of 2.93% from 2016 to 2021.

High purity aluminium mainly covers product types- 4N High Purity Aluminium, 4N5 High Purity Aluminium, 5N High Purity Aluminium, 5N5 High Purity Aluminium, 6N High Purity Aluminium, and 6N8 High Purity Aluminium. The main application areas include electrolytic capacitor foil, plates for flat panel display industry, semiconductor industry, bonding wire, sputtering targets, thin films, chemical industry, and high purity alloys.

High purity aluminium is used to produce computer hard drives and aluminium foil capacitors. China is the largest market of high purity aluminium in the world in the past few years and it will keep the same position in the next few years. 4N is the major high purity aluminium production, which take up about 93% of the global total production market.

Some of the biggest players in the high purity aluminium market include- Joinworld, Hydro, SHOWA DENKO, Chinalco Baotou Aluminum, Kyushu Mitsui Aluminium, Huomei Hongjun, Dongyang Guanglv, Rusal, and Sumitomo.