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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