High Purity Alumina Market Is Expected to Exhibit Significant Growth Over 2031 / The Association of Equipment Manufacturers, Sumitomo Chemical Co Ltd., Orbite Technologies, Inc.

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 - 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• 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.

A full Report of High Purity Alumina Market is Available at: https://www.omrglobal.com/industry-reports/high-purity-alumina-market

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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