Press release
High-Purity Alumina Market Growth and Technology Advancement For Key Players (Sumitomo Chemical, United Company Rusal, Mitsubishi Chemical America, Hong Fu & Hebei Pengda Advanced Material Technology Co. Ltd) Forecast to 2023
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Alumina is commonly known as aluminum oxide (Al2O3) and is a basic raw material for the production of metallic aluminum. It is widely used in industries engaged in the manufacturing of semiconductors, electrolytic capacitor foils, light-emitting diode (LED) and LCD displays, electronic storage systems, and photovoltaic cells.
Increasing regulatory norms to encourage the adoption of energy-efficient lighting solutions, such as LED bulbs, are driving the growth of the high-purity alumina market, globally. For instance, in 2015, the government of India introduced two schemes to boost the industrial production of LED solutions.
The major restraint identified in the high-purity alumina market is the fluctuations in the prices of the raw materials used in the production of high-purity alumina. Due to the fluctuating cost of the raw materials, companies engaged in the production of aluminum oxide are witnessing alteration in profit margins and also finding it difficult to formulate their expansion plans.
The high-purity alumina industry is characterized by the presence of a large number of multinational corporations. Some of the major companies operating in the global high-purity alumina market are Sumitomo Chemicals Co. Ltd., Orbite Aluminae Inc., Alcoa Inc., United Company RUSAL Limited, Mitsubishi Chemical Corp., Nippon Hydro ASA, Hong Fu Crystal Technology (Anhui) Co. Ltd., Dalian Hiland Photoelectric Material Co. Ltd., and Hebei Pengda Advanced Material Technology Co. Ltd.
Read summary of report here : https://www.psmarketresearch.com/market-analysis/high-purity-alumina-market/
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.
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