High Purity Alumina (HPA) Market- Bulging Demand from LED and Li-ion Battery Manufacturers to Fortify Growth

High purity aluminum oxide, widely recognized as high purity alumina, is a high-value, white, granular chemical. It is commercially produced with either of two methods- by treating aluminum with particular chemicals or through using other aluminous feed stock. Alkoxide process, thermal decomposition process, choline hydrolysis process, and modified bayer process are few of the extensively adopted processes to produce high purity alumina. These insights are procured from a new report, titled “High Purity Alumina (HPA) Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” recently added to the all-inclusive repository of Market Research Reports Search Engine (MRRSE).

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LED production stands out to be one of the foremost application areas of high purity alumina. Attributes like favorable stability and mechanical properties make single crystal sapphire an ideal choice in the electronics industry, most importantly in LED production. Moreover, semiconductor has also evolved as a key application area of sapphire. Single crystal sapphire boules consist of wafers which are employed for applications which are semiconductor-related. High purity alumina is also used as a separate coating in Li-ion batteries in the wake of several benefits. Those batteries, in turn, are primarily used in electric vehicles and electronic devices. Some other areas of application include abrasives, separation membrane, alumina ceramics, and translucent cosmetics.

High Purity Alumina Market- Asia Pacific to Manifest Utter Lucrativeness

In 2017, Asia Pacific accounted for a noteworthy share of the high purity alumina market. Furthermore, factors such as augmentation in automotive and LED lighting industries is foreseen to nurture the growth of high purity alumina market. North America managed to record significant sales in 2017 in the light of rising research activities in higher grades of high purity alumina by various prominent companies concentrated in the region. On top of that, proactive increase in number of uncompromising regulations pertaining to emissions of carbon and dust is adding to the demand. Those regulations push manufacturers to go for high purity alumina-based coatings with enhanced hardness and wear resistance.

On the other hand, the high purity alumina market in Europe is poised to magnify at a moderate rate. Surging demand for energy-efficient LEDs and increasing mergers and capacity augmentation activities among LED manufacturers in Germany, the U.K., and France are envisioned to spur sales during the forecast period.

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High Purity Alumina Market- Key Questions & Areas Addressed

The report gauges and predicts high purity alumina market at both global and regional level. The market opportunity analysis has been encompassed based on both volume (tons) as well as revenue (US$ Mn). The report emphasizes on market drivers and hindrances of the global high purity alumina market which can influence the growth trajectory. The impact of those drivers and restraints on the demand for high purity alumina have been elaborated with respect to the supply quotient. Over and above, the report also highlights untapped opportunities in the market at both global and regional level for the manufacturers to leverage.

Some of the key areas addressed in the report are-

What are the market estimates and forecasts, which sections are doing well and which are not?
What is the overall competitive landscape and who are key companies operating in the market?
The overall market sizing along with the opportunity analysis of the micro markets

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