The high purity aluminium market, which is expected to grow at a CAGR of 11.1% to reach US$ 11.5 billion by 2032, is currently valued at US$ 4 billion. At the end of 2021, sales of high pure aluminium were just under 3% of the global aluminium market. excellent pure aluminium use is soaring across end-use verticals due to its excellent conductivity, low resistance, and affordability.
The semiconductor sector is growing at a rapid rate and is expected to continue in the same path during the forecast period. At the same time, research in the aerospace industry has also picked up pace and the implementation of sophisticated electronics has considerably increased over the past decade. The automotive industry, on the other hand, is going through a decline. However, the sales of EVs are increasing and this trend is expected to carry on in the future.
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Key Companies
- Chalco
- Join World
- Kyushu Mitsui Aluminium
- Nature Alu
- Nippon Light Metal Holding Co.
- Norsk Hydro
- RuSAL
- Showa Denko KK
- Sumitomo Chemicals Co., Ltd.
Key Statistics Supporting the Surge
- The high purity aluminium market was valued at US$ 3.7 billion in 2021 and is projected to increase at a CAGR of 11.1% through 2032.
- The East Asia HPA market is estimated to be valued at US$ 6 billion by the end of 2032.
- China dominates the global market with a share of 35.6% in 2022.
- Among the semiconductor sub-segments, chip production is estimated to be prominent; the segment was valued at US$ 1.5 billion at the end of 2021.
“Proliferating demand for semiconductors to play a vital role in the huge adoption of high purity aluminium due to its cost-effective aspect with remarkable conductivity,” says a Fact.MR analyst.
Winning Strategies
Furthermore, capacity expansion and enhancement of supplier and distributor networks have turned out to be prominent growth strategies. Digital platforms are enabling market players to reach more customers and increase their brand recognition.
High purity aluminium manufacturing requires the usage of sophisticated equipment and devices. As a result, manufacturing such compounds is usually accompanied by high operational costs. Roughly, a CAPEX of US$ 297.6 million and an OPEX of US$ 44.6 million are needed for setting up a standard plant with an annual capacity of 4,000 tons.
Industry Research Report
- By Grade :
- 4N
- 5N
- 6N
- By End Use :
- Semiconductors
- Chip Production
- Flat Panel Display Production
- Thin Film Production
- Electrolytic Capacitor Foils
- Electronic Storage Systems
- Others
- Aerospace
- Defense
- Automotive
- Others
- Semiconductors
- By Form :
- Disks
- Pellets
- Ingots
- Wires & Coils
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
The report will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the market.
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