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High-Purity Alumina Market Overview, Industry Top Manufactures Includes Sumitomo Chemical: Group Companies of the Americas, Orbite Technologies Inc., Alcoa, RUSAL, Mitsubishi Chemical America & DALIAN, Growth Analysis and Demand Forecast

11-28-2018 06:56 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

High-Purity Alumina Market Overview, Industry Top

Growing market of light emitting diode (LED) lightings and displays are the major factors driving the global high purity alumina market. With an increase in the environmental concerns, stringent regulations have been imposed, that has prompted the vendors to focus more upon research and development. This trend is likely to favor the global high purity alumina market.

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Alumina is commonly known as aluminum oxide (Al2O3) and is a basic raw material for the production of metallic aluminum. Alumina ore (Al2O3) used for metallurgical applications (about 90%) is known as Smelter Grade Alumina (SGA) and is mainly used in the manufacturing of metallic aluminum.

Some of the major challenges of the global high purity alumina market include expensive raw materials, high labor cost, strict government regulations and high energy cost. Also, the cost of production is highly competitive due to the simplicity of the process.

In manufacturing of high-purity alumina, desire level of purity of alumina is achieved by removing the impurity such as copper, iron and silicon in order to obtain the enhanced performance benefits such as low level of impurity, optimal processing and higher conductivity and brightness.

Asia Pacific leads in market share of high-purity alumina due to high concentration of associated industries such as electronics and semiconductor equipment industries in China, South Korea and Taiwan. It is also the rapidly growing market of high-purity alumina owing to the rising demand of smart phones and high definition television.

North America follows Asia Pacific having U.S as the largest market of high purity alumina. U.K, Italy and Germany are the major market of high-purity alumina in Europe.

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Some of the major competitors of the global high purity alumina market include Sumitomo Chemicals Co Ltd., Orbite Aluminae Inc., Alcoa Inc., RUSAL, Mitsubishi Chemical Corp., Nippon Hydro ASA, Hong Fu Crystal Technology (Anhui) Co. Ltd., Dalian Hiland Photoelectric Material Co,Ltd.

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world.

Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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