Global High Purity Alumina Market Will Reach at a Highest CAGR of 20.50% by 2026

Posted by kelvindbmr on October 24th, 2019

high purity alumina marketis expected to an estimated value of USD 16.21 billion by 2026, registering a healthy CAGR of 20.50% in the forecast period of 2019-2026. This rise in market value can be attributed due to technology advancement and rising demand for HPA globally.

Key Market Competitors: Global High Purity Alumina Market

Few of the major competitors currently working in the global high purity alumina market are Altech Chemicals Ltd, Alcoa Corporation, ORBITE TECHNOLOGIES INC., Sumitomo Chemical Co., Ltd., BAIKOWSKI, Nippon Light Metal Co.,Ltd, RUSAL,  Xuan Cheng Jing Rui New Material Co.,Ltd, Oxide India, Zibo Honghe Chemical Co., Ltd.,  Hebei Heng Bo new material Polytron Technologies Inc,   and others.

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High purity alumina is vital ingredient that is used for the manufacturing of synthetic fiber. It is highly valuable, profitable and demanded substance because of its superior and advanced properties. Synthetic sapphire is extensively used in production of LED lights, optical windows and smartphone components and semiconductor wafers.  Presently there is no alternative available for HPA in the production of synthetic sapphire, and thereby it is highly demanded.

Competitive Analysis: Global High Purity Alumina Market

Global high purity alumina market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of high purity alumina market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Segmentation: Global High Purity Alumina Market

•          By Purity level (4N Purity Level, 5N Purity Level, 6N Purity Level)
•          By Application (LED, Semiconductor, Phosphor, Sapphire, Others)
•          By End use (Electronics, Automotive, Others)
•          By Technology (Hydrolysis, Hydrochloric Acid Leaching)
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

•          Increasing demand for high purity alumina in LED Industry is acting as market drivers.
•          Unavailability of alternative in the market is another factor driving the industry.
•          Rise in demand for high purity alumina in industries like electronics and automotive acts as market driver.
•          Increase in demand for compact size and high stability Lithium-ion batteries are driving the industry.

Market Restraints:

•          High production cost acts as market restraints.
•          Strict government regulations hamper the growth of market.

Key Insights in the report:

•          Complete and distinct analysis of the market drivers and restraints
•          Key market players involved in this industry
•          Detailed analysis of the Market Segmentation
•          Competitive analysis of the key players involved

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