
Altech Chemicals’ managing director, Iggy Tan said global high purity alumina demand is expected to reach 86,831 tonnes per annum by 2024 growing from 25,315 tonnes per annum in 2016. The market will grow at a CAGR of 17 per cent driven by LED and lithium-ion battery segment growth. Global demand of LED lights, the largest segment contributing to HPA demand, is forecast to increase to 4.1 billion by 2021, growing from 864 million in 2015.
Tan was addressing a CEO meet organized by Proactive on October 3-4 in Sydney and Melbourne.
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Source: Altech Chemicals Ltd.
HPA is a high-value and high-margin mineral, and a critical ingredient required for the production of synthetic sapphire. Currently, Altech manufactures 45,000 tonnes of 99.9 % (4N) type HPA in a year. HPA is used in lithium-ion battery separator coating. The two major application areas of HPA include sapphire glass (used in smartphone screens) and LED lightings.
Other than Altech, the six largest HPA producers in the world are as follows:
Source: Altech Chemicals Ltd.
Looking at geographic segmentation of the market, 70 per cent of global HPA demand is generated from the Asia Pacific region. APEC is followed by Europe, Middle East and Africa (cumulative 16 per cent), and Americas accounting for 14 per cent of the market.
Altech’s Malaysian HPA plant leverages from its strategic position in terms of proximity to the fastest growing markets like China and India. Factors that add to its competitive advantage include transport, customer service and technical credibility, Tan explained.
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