The global high purity alumina market reached a value of approximately USD 3.32 Billion in 2024. The market is further projected to grow at a CAGR of 15.30% between 2025 and 2034, reaching a value of around USD 13.79 Billion by 2034.
High Purity Alumina Market Growth
High-purity alumina (HPA) is a pure and high-grade variety of non-metallurgical alumina or aluminium oxide. It is a versatile material that finds application in the technology and automotive industries. The application of high-purity alumina differs in its degree of purity. It is commonly manufactured by hydrolysis of aluminium alkoxide, which involves the synthesis of aluminium metal and alcohol.
Factors supporting high purity alumina (HPA) market expansion are the increasing demand for LED lighting , the growing popularity of electric vehicles (EVs) , and the rising focus on renewable energy sources. The plummeting costs of LEDs and rising consumer preferences for replacing incandescent lights with energy-efficient and low-carbon LED lights are expected to create highly lucrative growth prospects for the market. Additionally, the growing demand for high-performance batteries in EVs coupled with increasing demand for electronic devices and energy storage solutions primarily drives the market’s growth.
Key Trends and Developments
Growing investments in new HPA plants, increasing sales of electric vehicles, and rapid adoption of renewable energy sources are key trends accelerating the high purity alumina market
May 2024
Alpha HPA has made a final investment decision to establish the world's largest single-site high purity alumina refinery in Gladstone, Queensland. The facility will produce 10,000 tonnes of high-purity aluminum materials per year, creating 120 ongoing local jobs.
May 2024
Alpha HPA secured USD 400 million in financing support from the Australian government to advance its HPA plant. The facility’s construction will commence in July 2024 and will produce high-purity alumina.
April 2024
The Australian government has announced a USD 585 million loan package for critical minerals projects in Queensland and South Australia. The funding will support the development of high-purity alumina processing facilities in central Queensland and a graphite project in South Australia.
September 2021
Alcoa Corporation entered the HPA market through a joint development project with FYI Resources Ltd. The project produces high-purity alumina at an annual capacity of 8,000 metric tonnes and addresses the increasing demand for HPA.
Growing investments in new plants
Significant investments in new HPA plants by market players has led to high purity alumina market development. In 2023, CoorsTek Inc., a Japanese semiconductor ceramics manufacturer expanded its production capacities at its existing Nagasaki facility to support HPA growth in the coming years.
Growing popularity of electric vehicles (EVs)
EVs require high-quality HPA for their batteries, and the increasing adoption of EVs is expected to drive the demand for HPA. In 2023, nearly 1.2 million battery-electric vehicles (BEVs) and 190,000 plug-in hybrids (PHEVs) were sold globally. This trend is expected to propel market’s growth.
Rising demand for LED lighting
The growing demand for energy-efficient lighting solutions is driving the demand for HPA. LEDs are a major application of HPA, and the increasing adoption of LEDs in various industries is expected to favourable impact the high purity alumina market outlook.
Focus on renewable energy sources
HPA is used in the production of photovoltaic (PV) cells and the increasing adoption of solar PV is expected to drive the demand for HPA. This trend is particularly significant in Asia Pacific, where there is a high demand for renewable energy solutions.
High Purity Alumina Market Trends
Countries such as the U.S., Germany, China, and India are laying out plans to lower carbon emissions and pollution and reduce dependency on traditional fuel sources. The increasing transition towards EVs is catering to the demand for Li-ion batteries, hence favouring the high purity alumina market growth.
Moreover, the growing demand for cleaner energy solutions with the rising environmental consciousness is contributing to an increase in the adoption of LED-based equipment globally. As high-purity alumina is used to produce substrates for LED lights due to their high transparency and heat resistance, the demand for HPA is rising. High-purity alumina is also used to fabricate semiconductors. The increasing production of semiconductors, driven by the rising demand for electronics, is supporting the growth of the market.
High Purity Alumina Industry Segmentation
The EMR’s report titled “High Purity Alumina Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook