The Europe high purity alumina (HPA) market is estimated to evolve at a CAGR of 16.89% in terms of revenue and 17.14% in terms of volume, during the forecast period, 2021-2028. The growing number of applications, the thriving LED and construction industries, and considerable growth in the sale of electric vehicles, are the primary factors driving the market growth in Europe.
Poland, Italy, Russia, Germany, Spain, the United Kingdom, Belgium, France, and the rest of Europe, are assessed for the Europe high purity alumina (HPA) market growth evaluation. The electronic industry of Germany is the biggest in Europe, and fifth-largest, globally. It was the second-largest branch of industry in the country in 2018. It is set to increase production by 1%, with total sales exceeding EUR 200 million, as per the German Electrical and Electronic Manufacturers’ Association (ZVEI). This is further set to increase the production of several electric components like LED lightings, lithium-ion batteries, and semiconductors. The country is also the largest semiconductor chip manufacturer in Europe. One in three semiconductors manufactured in Europe is manufactured in Germany. Almost 24% of the total R&D expenditure is invested in the electronics and microtechnology industry. Moreover, the rising level of automation in passenger vehicles and the rapid digitalization leads to increased demand for sensor technologies and advanced electronics. Such factors are set to raise the demand for the HPA market in Germany.
In France, sales in the electronics sector are fueled by demand for consumer electronics. The electronic products find high penetration levels in French households, given the technological advancements, which is further set to raise the demand for high-end consumer electronics. Moreover, the automotive segment entails an increased adoption of electric vehicles. Such trends are expected to propel the growth and consumption of the HPA market in France.
Some of the prominent companies in the market include, Baikowski SAS, Zibo Honghe Chemical Co Ltd, Alpha HPA Limited, Andromeda Metals Ltd, Polar Sapphire Ltd, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments