Led by East Asia, the global high purity aluminium market is currently pegged at more than US$ 3.3 Bn, and is anticipated to grow at a rate of close to 11% over the long-term forecast period, i.e., 2020-2030. High purity aluminium, unlike other conductors, is a niche and expensive product. Therefore, demand for the product over the past half-decade has remained stable, and so has the price.
Key consumers of high purity aluminium are diversified across a multitude of industries, ranging from semiconductors, aerospace, and automotive. Of these, semiconductors is set to drive demand for high purity aluminium the most, owing to higher penetration of the product in the manufacturing of a number of high-end semiconductors. Manufacturers channelling high purity aluminium to the semiconductor industry will hold the proverbial key to success in market.
Following Questions Answers Covered in the Report are:
- How will the global High Purity Aluminium Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global High Purity Aluminium Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global High Purity Aluminium Market?
- How will these strategies influence the market growth and competition?
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
How will Demand Growth of Semiconductors Impact High Purity Aluminium?
According to the Semiconductor Industry Association, “semiconductor sales in FY2020 increased by nearly 5.1% as compared to FY2019, and the market is projected to grow at a stronger rate in FY2021. Since the beginning of Q2 of FY2020, demand growth of semiconductors has been observed at its highest point in Q4 of FY2020.
Among the end-use industries considered for high purity aluminium, semiconductors have higher demand ratio and also a governing growth rate. Therefore, over the long-term forecast period, semiconductors are anticipated to be the proverbial key to the expansion of the high purity aluminium market size.
The High Purity Aluminium Market report answers the following queries:
- What is the largest share held by key players in the market?
- What strategies have proven most advantageous in the High Purity Aluminium Market?
- Which region promises largest opportunity for new investors during the forecast period 2021 to 2031?
- What factors will most likely present challenges to growth during the forecast period?
- What will be the value of total revenues, and at what CAGR will the growth compound during the forecast period 2021 to 2031?
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