High Purity Alumina Production via HCL Leaching to Witness Significant Growth
The global high purity alumina market via HCL leaching is estimated to be valued at US$ 2.4 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2023 to 2030. High purity alumina or HPA is an extremely high purity form of aluminum oxide. It has a minimum purity level of 99.99% and finds extensive application in LEDs, semiconductors, lithium-ion batteries, and other applications that require ultra-high purity. Compared to other production methods, HCL leaching offers cost-effective production of HPA. Key Takeaways Key players operating in the high purity alumina market via HCL leaching are Alcoa Inc., Bukowski, Orbite Technologies Inc., Altech Chemicals Limited, Sumitomo Chemical Co., Xuancheng Jingrui New Material Co., Ltd., Nippon Light Metal Company Ltd., Dalian Hiland Photoelectric Material Co., Ltd., Sasol, and Rusal. These players are focusing on capacity expansion plans and backward integration strategies to gain a competitive edge in the market....