The global High Purity Alumina Market was valued at USD 1.4 billion in 2018 and is expected to reach USD 4.3 billion in 2026, growing at a CAGR of 15.0% during the forecast period.
High-purity aluminium oxide is commonly referred to as HPA. High purity alumina is a high-value, high-yield and highly-demanded product, as it is a critical ingredient for the production of synthetic sapphire. Synthetic sapphire is usually used in the manufacture of LED light substrates, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces optical windows and smartphone components. In the production of synthetic sapphire, there is no replacement for HPA.
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