High Purity Alumina Market Share

The high purity alumina industry valued USD 2.4 billion in 2022 and is anticipated to record 13% CAGR from 2023 to 2032.

The market is being driven by the increasing adoption of LED lighting due to its many advantages, which would propel market growth at a 13% CAGR through 2032.

The growing demand for lithium-ion batteries in consumer electronics products, as well as increased efforts and supporting government guidelines for the development of advanced batteries, are expected to push North America's market valuation above $1.2 billion by 2032.

The leading companies operating in the high purity alumina market are United Company RUSAL Plc, Orbite Technologies Inc, Hebei Pengda Advanced Materials Technology Co., Ltd., Altech Chemicals Ltd, Baikowski SAS, Alcoa Corporation, Nippon Light Medical Holding Company Ltd, Zibo Honghe Chemical Co., Ltd, Hebei Pengda Advanced Materials Technology Co., Ltd., Rio Tinto Alcan, CHALCO Shandong Co., Ltd., Polar Sapphire, Sumitomo Chemical Company, Sasol Limited, and Austral Private Limited.