The global high purity alumina market size was US$ 2.6 billion in 2021. The global high purity alumina market is forecast to grow to US$ 13.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 11.1% during the forecast period from 2022 to 2030.
High purity alumina (HPA) is a highly pure form of aluminum oxide used in the production of synthetic sapphire. It's a high-margin, high-value, and high-demand item. Scratch-resistant sapphire glass is used for wristwatch faces, optical windows, and smartphone components. Synthetic sapphire is used to make substrates for LED lights, semiconductor wafers for the electronics industry, and scratch-resistant sapphire glass for wristwatch faces, optical windows, and smartphone components.

Factors Influencing the Market
The growing demand for high purity alumina for the automotive sector for the manufacturing of electric vehicles will primarily drive the growth of the high purity alumina market during the forecast period. In addition to that, the rising demand for electric vehicles and the increasing focus of industry players on developing lithium-ion batteries will rise the consumption of high purity alumina in the coming years.
The global high purity alumina market will also grow due to the increased adoption of LED bulbs over traditional bulbs, as well as technological advancements. In developing economies like China and India, demand for LED bulbs is extremely high. To reduce the country's energy consumption, governments of these countries have encouraged citizens to use energy-efficient lighting. Thus, it will contribute to the growth of the global high purity alumina market. On the contrary, the high cost associated with the high purity alumina limit the growth of the market during the study period.

COVID-19 Impact Analysis
In the wake of the COVID-19 pandemic, the demand for high purity alumina decreased at a substantial rate. Alumina is made from bauxite, which is a raw material. The COVID-19 pandemic has hampered bauxite mining, which has been declared a national emergency by governments around the world. The market has been severely impacted by disruptions in bauxite production and supply to alumina refineries. Moreover, consumer demand for electric vehicles also reduced drastically, which hampered the growth of the global high purity alumina market.

Regional Analysis
The Asia-Pacific high purity alumina market is forecast to record the highest growth rate as the region holds one of the largest automotive sectors. Further, stringent government regulations promoting the use of electric vehicles will also contribute to the growth of the high purity alumina market. The presence of well renowned high purity alumina providers will also propel the global high purity alumina market forward. Strict regulations by government bodies in China and India on the manufacturing, import, and sale of incandescent lights will drive the demand for high purity alumina market during the forecast period.

Competitors in the Market
Sumitomo Chemical Co. Ltd.
Nippon Light Metal Holdings Co. Ltd.
Altech Chemicals Ltd.
Baikowski
Pure Alumina
Zibo Honghe Chemical Co. Ltd.
AEM Canada
Baikowski SAS
Alcoa Inc.
Norsk Hydro ASA
Other Prominent Players

Market Segmentation
The global high purity alumina market segmentation focuses on Product, Application, and Region.
By Product
4N
5N
6N
By Application
LED
Semiconductor
Phosphor
Sapphire
Lithium-ion battery
Others
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
Rest of South America