Market Research Future Published a Cooked Research Report on Global High Purity Alumina Market Research Report- Forecast to 2025
The Global High Purity Alumina Market is predicted to touch USD 9,990.2 million at a 19.4% CAGR by the end of 2025, reveals the latest Market Research Future (MRFR) report. High Purity Alumina or HPA, simply put, is a processed alumina product that is non-metallurgical characterized by its 99.99% to 99.999% purity level. Owing to its alluring features such as the ability to withstand extreme temperatures, high brightness, scratch and corrosion resistance, High Purity Alumina finds extensive use in ceramics, li-ion batteries, sapphire, phosphor, semiconductors, LED’s, and others.
Various factors are propelling the High Purity Alumina Market Growth. These factors, according to the latest Market Research Future (MRFR) report, include increasing investment in different end use industries, upsurge in electric car production, increasing use in tablets, smartwatches, and smartphones, and stringent government rules on the production, sale, and import of incandescent lights. Additional factors pushing market growth include growing demand from the LED lighting industry, and increasing applications in smartphone sapphire glass, sodium lamps, optical lenses, hybrid cars, phosphor, plasma display screen, lithium-ion batteries, LED lighting, and semiconductors.
On the flip side, the accessibility of substitutes/alternative solutions and high production costs are factors that may impede the High Purity Alumina Market Growth over the forecast period.
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Major Players Profiled in the High Purity Alumina Market Report include PSB Industries SA, Hebei Pengda Advanced Materials Technology, Altech Chemicals, Xuancheng Jingrui New Materials Co., Ltd, Sasol Limited, Nippon Light Metal Holdings Co., Ltd, Sumitomo Chemical Co., Ltd, and Alcoa Inc. Key players have incorporated various strategies to cater to the growing needs of the customers and also create a foothold in the market. These include collaborations, expansions, partnerships/joint ventures, mergers and acquisitions, research and development activities, and more.
October 2019: QUT researchers have joined hands with IMCRC and Lava Blue for setting up a pilot plant for transforming kaolin clay to high-purity alumina that is used for making lithium batteries and LEDs. The pilot plant will include innovative manufacturing processes coupled with the latest inline monitoring technologies, which will allow the single system to produce various High Purity Alumina products for different commercial products.
The MRFR report provides an all-inclusive segmental analysis of the High Purity Alumina Market based on Application and Type.
Based on Type, the High Purity Alumina Market is segmented into 6N, 5N, and 4N. Of these, the 4N segment will have the largest share in the market over the forecast period owing to the fact that it is the least pure and is low cost in comparison to 6N and 5N. Its prominent applications include phosphor substrate in semiconductors and LED lightings.
Based on the Application, the High Purity Alumina Market is segmented into phosphor, semiconductors, LED, and others. The others have been segmented into industrial applications and lithium-ion batteries. Of these, the LED segment will lead the market over the forecast period owing to its burgeoning demand in LED lightings.
By Region, the High Purity Alumina Market Report covers the latest trends and growth opportunities across Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa. Of these, the APAC region is predicted to spearhead the market over the forecast period. Factors aiding the growth of the High Purity Alumina Market in the region include the burgeoning need for LED lights, growing demand from the electronics and automotive industries, and the presence of key players in the region. China and Japan are the chief contributors in the region.
The High Purity Alumina Market in North America is predicted to have the second-largest share in the market over the forecast period chiefly on account of the growing adoption in the semiconductor and electronics industry. The US is the chief contributor in the region owing to the increasing preference of High Purity Alumina in industries based on its superior properties and easy accessibility of raw materials.
The High Purity Alumina Market in Europe will have a healthy growth over the forecast period while that in the MEA is predicted to have a steady growth.
Browse Key Industry Insights spread across 449 pages with 71 market data tables & 39 figures & charts from the report, “High Purity Alumina Market Research Report: Information by Type (4N, 5N and 6N), Application (LED, Semiconductor, Phosphor and others) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) – Growth Potential, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/high-purity-alumina-market-1951
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