High Purity Alumina Market 2024 Driving Factors Forecast Research 2031

The global high purity alumina market is anticipated to grow at a considerable CAGR of around 15.2% during the forecast period. 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.

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.

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Market Coverage

  • The market number available for – 2023-2030
  • Base year- 2023
  • Forecast period- 2024-2030
  • Segment Covered- 
  • By Product
  • By Technology
  • By Application
  • Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • 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.

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Regional Analysis

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC

Rest of the World

  • Latin America
  • Middle East & Africa

Company Profiles 

  • AluChem Inc.
  • C-KOE Metals.
  • Dalian Rall
  • HPA Sonics
  • KOMPASS INTERNATIONAL, SASU
  • Mitsubishi Chemical Corp.
  • NATURE ALU.
  • Nippon Light Metal Holdings Co., Ltd.
  • Polar Sapphire Ltd.
  • PricewaterhouseCoopers LLP
  • Rio Tinto Group.
  • Sasol Ltd.
  • Showa Denko K.K.
  • Zibo Honghe Chemical Co.,Ltd

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