High Purity Aluminium Market Outlook
High purity aluminium is a conductor with lower resistance and higher conductivity, available at a reasonable price in the market, unlike silver and other expensive conductors.
High purity aluminium finds application extensively in semiconductors, especially in chip processing, flat panel display production, thin film production, capacitor foils manufacturing, storage system, and others.
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Key Takeaways from High Purity Aluminium Market Study
- The global high purity aluminium market is anticipated to add 2.7X value by 2030 as compared to 2020.
- Semiconductors capture a governing share of the global high purity aluminium market, and are set to create US$ 6 Bn opportunity by 2030.
- Chip production is the fastest-growing segment in the high purity aluminium market, owing to rapid growth of semiconductor chip production lines across East Asia, especially China and Taiwan.
- East Asia is set to dominate market revenue, and is expected to gain 670 BPS in its market share by 2030.
- The ingots form is anticipated to gain around 390 BPS over the forecast period of 2020-2030.
- The market in the U.S. is set to expand at a CAGR of close to 9% through 2030.
- The high purity aluminium market in China is projected to race ahead at a CAGR of over 13% over the next ten years.
Key Segments Covered of High Purity Aluminium Market
- Chip Production
- Flat Panel Display Production
- Thin Film Production
- Electrolytic Capacitor Foils
- Electronic Storage Systems
- Wires & Coils
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa