The global high purity alumina market is anticipated to grow at a considerable CAGR of around 15.2% during the forecast period (2021-2027). Lithium-ion battery has fueled the growth of the high purity alumina market. High-purity alumina is used as a coating on a lithium-ion battery. The lithium-ion battery which is coated with high-purity alumina gained special features such as high thermal stability, a long life cycle, and being much safer than traditional batteries. These benefits increase the demand for high purity alumina for lithium-ion batteries. For instance, in December 2021, Northvolt, a Swedish battery manufacturer company, has announced to design, develop, and assembled the first lithium-ion battery cell in Skelleftea. The project begins in 2022, with the expected operating production capacity of 60-gigawatt per hour, which is enough to supply lithium-ion batteries to around 1 million electric vehicles. Further, in July 2021, Cell Propulsion a startup company engaged in fleet management of electric vehicles has started the production of lithium-ion batteries, with a maximum capacity of 500kWh/month. The lithium-ion battery is purposefully designed for both electric vehicles and heavy commercial vehicles.
Browse the full report description of "Global High Purity Alumina Market Size, Share & Trends Analysis Report by Products (4N, 5N, and 6N), and by Technology (Hydrolysis, Hydrochloric Acid Leaching and Others) and by Application (LEDs, Lithium-ion batteries, Semiconductors, Optical lenses, Others) Forecast Period (2021-2027)" at https://www.omrglobal.com/industry-reports/high-purity-alumina-market
Moreover, in January 2022, Toshiba added 20Ah-HP lithium-ion rechargeable battery cells in its portfolio. With the advanced technology, this new cell allows the electric vehicle to drive farther on a single charge, as the charge time is less than an ordinary lithium-ion battery. Owing to its wider scope and application in various sectors, the demand for the lithium-ion battery has propelled the growth of the high purity alumina market.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Product
o By Technology
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- The Association of Equipment Manufacturers, Sumitomo Chemical Co Ltd., Orbite Technologies, Inc., Norsk Hydro ASA, Baikowski SAS, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global High Purity Alumina Market Report by Segment
By Product
• 4N
• 5N
• 6N
By Technology
• Hydrolysis
• Hydrochloric Acid Leaching
• Others
By Application
• LEDs
• Lithium-ion Batteries
• Sapphires
• Semiconductors
• Optical Lenses
Global High Purity Alumina Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa