HCL Leaching High Purity Alumina Market

HCL Leaching High Purity Alumina Market - Global
Industry Insights, Trends, Outlook, and Opportunity
Analysis, 2018-2026
High purity alumina characterized with minimum concentration of 99.99% is high end
form of aluminum oxide. Owing to its superior properties such as high purity,
corrosion resistance and hardness, HCL leaching high purity alumina is extensively
used as an essential material in LEDs and artificial sapphire glass. High purity
alumina is produced by two methods namely hydrolysis and by leaching with
hydrochloric acid. In hydrolysis method, aluminum oxide is produced from aluminum
and alcohol. The aluminum oxide formed, further undergoes hydrolysis and
calcination to obtain high purity alumina. The significance of this method is that the
acid used in the process can be recovered and reused. Hydrochloric acid leaching
method is on the verge of commercialization. With the success of HCL leaching
method, the production cost of high purity alumina is expected to reduce
significantly.
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Demand for HCL leaching high purity alumina is expected to increase due to
increasing adoption of LED products, smart watches, sapphire glass, and lithium-ion
batteries. High purity alumina is also used in protective coatings for aircraft, aircraft
engine, farm machinery, cars, and fuel cell. It is also used in production of scratch
resistant semiconductor wafers, which are the basis of any electronic device. High
purity alumina ceramic is also used in production of luminous tubes that are resistant
to reaction with high temperature sodium vapor.
On the basis of application, LED and sapphire segments are expected to collectively
account for the highest share in terms of volume in the global HCL leaching high
purity alumina market through 2024. This is due to increase in demand for synthetic
single crystal sapphire, which is used as a substrate in manufacture of LEDs.
Various schemes by the government in emerging countries to promote LED industry
development is expected to prove as a significant factor in fueling the growth of HCL
leaching high purity alumina market. One such initiative started by the Indian
government is UJALA, in which the government is keen on replacing all inefficient
bulbs with high energy efficient bulbs. HCL leaching high purity alumina is also used
in medical and aerospace industry for high-end applications such as coating of
aircraft and its engine parts in which purity is of paramount priority.
HCL Leaching High Purity Alumina Market Outlook – Shift of Trend towards
LED has Propelled Demand for HCL Leaching High Purity Alumina
Asia Pacific is the largest contributor in the HCL leaching high purity alumina market.
This is mainly attributed to the swiftly growing urbanization and electronics industry
in emerging economies in this region. According to India Brand Equity Foundation
(IBEF)—a trust by the Department of Commerce, Ministry of Commerce and
Industry, Government of India—12% of the total LED lighting systems worldwide are
sold in India. In addition to this, easy availability of raw materials and cheap labor
has led to shift of manufacturing hubs to Asia Pacific region. This trend is expected
to further gain traction over the forecast period. North America and Europe are
amongst the emerging markets for the HCL leaching high purity alumina market.
Advancements in energy efficient lighting solution has propelled the HCL leaching
high purity alumina market growth. High raw material cost is projected to prove to be
one of the restraining factors for market growth. Major players are focusing on
extensive research and development activities in order to differentiate their product
offerings, entering into strategic acquisitions and joint ventures with local players,
and expanding their productions facilities to enhance their market share. Some of the
major companies operating in the global HCL leaching high purity alumina industry
are Alcoa Inc., Bukowski, Orbite Technologies Inc., Altech Chemicals Limited,
Sumitomo Chemical Co., Xuancheng Jingrui New Material Co., Ltd., Nippon Light
Metal Company Ltd., Dalian Hiland Photoelectric Material Co., Ltd., Sasol, and
Rusal.
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HCL Leaching High Purity Alumina Market report categorizes global market by application, and end-use Industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026