Europe High Purity Alumina (HPA) Market 2021-2028

MARKET OUTLOOK

As per this research report on the high purity alumina (HPA) market in Europe, the market is likely to thrive at a CAGR of 16.97% in terms of value during the period of 2021-2028. In terms of volume, the market is probable to attain a CAGR of 17.29% over the same period. Germany, the United Kingdom, France, Italy, Spain, Russia, and Rest of Europe form the overall region’s market.
In Germany, the electronic industry contributes significantly to the country’s GDP. Earlier, the German Electrical and Electronic Manufacturers Association had announced an increase in the production of several electronic components in the electronics industry. Such steps are likely to increase the demand and production of various electronic components, including LED lightings, semiconductors, and lithium-ion batteries. Additionally, it is evaluated that the majority of semiconductors in the regions are manufactured in Germany. Moreover, multiple investments for the construction of new semiconductor chip manufacturing facilities is likely to amplify the demand for HPA used for electronic and semiconductor applications. This opens new avenues for Germany’s HPA market.

Italy is considered to play a crucial role in the luxury goods industry, and is among the highly developed nations. Moreover, several technological advancements and innovations in products are key factors driving the demand for various products in the country’s market. Furthermore, the country has the highest smartphone users than other countries in the region, such as Germany, Spain, and France. This surge in demand for consumer electronic products influences the demand for high purity alumina for multiple applications. Hence, these factors are generating opportunities for Italy’s high purity alumina market.

COMPETITIVE OUTLOOK

Some of the major competitors present in the high purity alumina market are Alpha HPA Limited, Sasol Ltd, FYI Resources Ltd, Baikowski SAS, Polar Sapphire Ltd, Rusal, and Xuancheng Jingrui New Material Co Ltd.