HCL Leaching High Purity Alumina Market Growth Accelerated by HCL Leaching Technology

 

High purity alumina (HPA) is a non-metallurgical high purity alumina with a minimum purity level of 99.99%. HPA has high structural stability, excellent insulation properties and high purity that makes it suitable for LEDs, electronic components and lithium-ion batteries. HCL leaching is a commonly used process for purifying alumina to higher grades involving leaching of bauxite or alumina with hydrochloric acid to dissolve impurities. The global HCL Leaching High Purity Alumina Market is estimated to be valued at US$ 6.8 billion in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
HCL leaching technology allows production of higher grade alumina at lower costs as compared to other production processes such as hydrochloric acid leaching. This is attributed to HCL leaching’s ability to effectively dissolve and extract impurities from alumina feedstock. Growing demand for high purity alumina from end use industries such as LED lighting and lithium-ion batteries are driving increased adoption of HCL leaching technology by market players. As HCL leaching enables production of HPA at competitive prices, it is expected to witness fastest growth over the forecast period.

Segment Analysis
The global HCL Leaching High Purity Alumina market is dominated by the Metallurgical-grade sub-segment which accounts for over 50% market share. This is because Metallurgical-grade alumina is widely used in the manufacturing of aluminum and its alloys. It finds extensive applications in the production of non-ferrous metals and metal alumina. The Refractory and Abrasive sub-segment is expected to witness fastest growth during the forecast period owing to increasing usage of high purity alumina in the manufacturing of refractory materials and abrasives.

Key Takeaways
The global HCL Leaching High Purity Alumina market is expected to witness high growth during the period 2023 to 2030.

Regional analysis: The Asia Pacific region currently dominates the global HCL Leaching High Purity Alumina market with a share of over 40% owing to massive aluminum production in countries like China. The region is expected to remain the fastest growing market over the next few years due to surge in demand for pure aluminum from end-use industries.

Key players operating in the HCL Leaching High Purity Alumina market are Alcoa Corporation, Norsk Hydro ASA, Rio Tinto, CHALCO, RUSAL, MALCO. Alcoa Corporation is one of the largest producers of bauxite, alumina and aluminum products in the world. The company specializes in the production of high purity alumina through its proprietary technologies. Norsk Hydro ASA is a leading vertically integrated aluminum company globally with strong presence across the value chain from generation of renewable energy to production of primary metal, rolled and extruded products as well as recycling.

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