High Purity Alumina Market Research Report Shares - Forecast to 2022
Posted by Avinash on November 6th, 2018
Market Synopsis of Global High Purity Alumina Market:
Global High Purity Alumina Market is growing rapidly at the rate of CAGR of 18.56% over the years and is expected to grow at same pace in forecasted year. With wide array of application of LED products and semiconductors such as electric vehicles, home appliances, hybrid cars and others is driving the growth of High Purity Alumina market. HPA is known as High end valued product in non- metallurgical aluminum market due to its superior properties like high wear- resistance, thermal conductivity and chemical compatibility.
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The Global High Purity Alumina Market is segmented based on Products, Application and region for forecasted period 2016 to 2022. On basis of High purity alumina, it is segmented by product type as 4N, 5N and 6N.
4N – 99.99% Purity and 0.01% impurity
5N- 99.999% Purity and 0.001% impurity
6N- 99.9999% Purity and 0.0001% impurity.
On basis of Application, LED accounts for high market share of 54% in forecasted period. LED products have high life span, durability and reliability which makes adoption rate high in end user. This increase in adoption rate is expected to boost the market in forecasted period. Phosphor used in manufacturing of plasma displays and protective coatings increase the market share of HPA product. Others products like Sapphire are used in manufacturing of scratch resistance glass for smartphones and watches.
Geographically, APAC region dominates these HPA market both in terms of volume and value and is expected to grow significantly at a CAGR of 20.75 % in 2022. China is major revenue generating country due to rapid industrialization, low cost of raw material and labor and high manufacturing of LED products. North America, Europe accounts for second and third market share in this segment.
Asia-Pacific accounts for the largest share in the Global High Purity Alumina Market in 2015
Due to the presence of established producers and growing LED market
Asia-Pacific market is expected to witness the highest CAGR of 20.75% from 2015
China dominates the Asia-Pacific High Purity Alumina Market with more than 55% of share in 2015 due to the presence of large number of producers and huge consumption
LED accounts for the largest share of 54% in the Global High Purity Alumina Market by application in 2015
Reasons to Buy:
This report includes in-depth study analysis of High Purity Alumina market
It covers market segmentation by type, by application and by end user.
It helps in identifying region-wise major suppliers and understand consumption patterns.
The report will provide useful and premium insights that will support in investments of High Purity Alumina and allied companies providing details on the fast-growing segments and regions.
In addition, it will provide key findings that will help the companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.
The data used in the report is primarily based on primary interviews with the major producing companies and industry experts and supported by authentic industry data from secondary sources.
High Purity Alumina producers
Traders and distributors
Association and government bodies.
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About the AuthorAvinash
Joined: November 22nd, 2017
Articles Posted: 1,240
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