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 – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• 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.
• CoorsTekInc.
• 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.
• RusAL.
• Sasol Ltd.
• Showa Denko K.K.
• Zibo Honghe Chemical Co.,Ltd
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Chemical and Material
High Purity Alumina Market 2023 Driving Factors Forecast Research 2029
