HPA demand in Asia-Pacific to grow at CAGR 13.5% to reach at $4.3 bln by 2022

The worldwide demand for high purity alumina is on the rise. The mineral with purity level equal to or greater than 99.9 per cent finds use in single crystal materials such as sapphires for watch covers, translucent tubes for high-pressure sodium lamps, high-strength ceramic tools and abrasives for magnetic tape, among others. A recently published market research report revealed that the demand for high purity alumina is going to witness an increasing demand in areas exhibiting high growth rates such as semiconductors and computers, automobiles, display materials, and energy.

High purity alumina, owing to its amazing blend of chemical and physical properties such as high wear-resistance and low-friction, high thermal and electrical insulating ability, and broad chemical compatibility is used extensively in military and aerospace-based applications. These areas being of high strategic importance for any country, any region, would exhibit a significantly high demand for the mineral.

Leaving aside major applications, demand for high purity alumina has been growing in some of the relatively smaller applications also due to its versatility, revealed data published in a recently released market research report. For instance, translucent high purity alumina ceramics find application in sodium lamps that employ an electrical gas discharge in sodium vapor for creating light.

Worldwide market for high purity alumina product segments explored in this study includes 4N, 5N and 6N. The global markets for these product types, application areas are analyzed in terms of both in volume and value.

Asia-Pacific is estimated the largest market for high purity alumina at US$1.7 billion in 2015, forecast at US$2 billion in 2016. The region is also projected to be the fastest growing market with a robust CAGR of 13.5 per cent between 2016 and 2022 to reach a projected US$4.3 billion by 2022.