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.
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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