Global High-purity Aluminum Market Research Report 2023

What is Global High-purity Aluminum Market?

The Global High-purity Aluminum Market is a specialized sector within the broader aluminum industry. High-purity aluminum is a refined version of raw aluminum, with a purity level of 99.99% or higher. This type of aluminum is highly sought after due to its superior conductivity, corrosion resistance, and malleability. It is used in a wide range of applications, from electronics to aerospace. The market for high-purity aluminum is driven by the growing demand for high-quality materials in various industries, as well as the increasing focus on sustainability and recycling. However, the market also faces challenges, such as the high cost of production and the environmental impact of aluminum mining. Despite these challenges, the global high-purity aluminum market is expected to grow in the coming years, driven by technological advancements and increasing demand from emerging markets.

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Global High-purity Aluminum Market Outlook:

The global High Purity Aluminum market, valued at US$ 390.7 million in 2022, is projected to reach a value of US$ 540.9 million by 2029. This represents a compound annual growth rate (CAGR) of 4.7% during the forecast period of 2023-2029. The market is dominated by three key players - Joinworld, Chinalco Baotou Aluminum, and KMAC, who collectively accounted for about 51% of the market revenue in 2019. The 4N type high purity Aluminum, with its 77% share of the global revenue in 2019, is the most popular grade of high-purity aluminum. The Electronic Industry is the largest consumer of high-purity aluminum, accounting for 87.3% of the sales volume in the global market.

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Report Metric	Details
Report Name	High-purity Aluminum Market
Accounted market size in 2022	US$ 1139 million
Forecasted market size in 2029	US$ 1712 million
CAGR	6.0%
Base Year	2022
Forecasted years	2023 - 2029
Segment by Type	4N High-purity Aluminum 4N5 High-purity Aluminum 5N High-purity Aluminum 5N5 High-purity Aluminum 6N High-purity Aluminum 6N8 High-purity Aluminum Others
Segment by Application	Electronic Industry Chemical Industry High Purity Alloy Other
Production by Region	North America Europe China Japan
Consumption by Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Asia-Pacific (China, Japan, South Korea, Taiwan) Southeast Asia (India) Latin America (Mexico, Brazil)
By Company	Joinworld, HYDRO, Showa Denko, Chinalco Baotou Aluminum, Kyushu Mitsui Aluminium, Huomei Hongjun, Dongyang Guanglv, Rusal, Sumitomo, Newchangjiang Aluminum, C-KOE Metals, Nippon Light Metal, Columbia Specialty Metals, Shenhuo Group
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends