High Purity Alumina Market is projected to expand at a CAGR of 6.9% In 2021 By Top Key Participants Sumitomo Chemical Co., Ltd., Orbite Technologies Inc., Alcoa Inc., Altech Chemicals Ltd, Baikowski SAS, Nippon Light Metal Holdings Company, Ltd., and Dali

Persistence Market Research (PMR), delivers key insights on the high purity alumina (HPA) market in its latest report titled “Global Market Study on High Purity Alumina (HPA): High Demand for LED's and Displays to Drive Growth During 2015-2021.” According to the report, the global HPA market was valued at US$ 1.2 Bn in 2014 and is projected to expand at a CAGR of 6.9% during the forecast period to reach US$ 3.6 Bn by the end of 2021.

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/3582

High purity alumina or HPA is a high-end product of the non-metallurgical alumina market. It is a high-value product that serves as a base material for the manufacture of sapphire substrates used in various applications such as scratch-resistant artificial sapphire glass, light emitting diodes (LEDs), and semiconductor wafers.

Manufacture of synthetic single crystal sapphires (used as a base substrate for manufacturing LEDs) is a major application of HPA. LEDs are used in traffic lights, LED-backlit LCDs, backlights in electronics, and general lighting products. According to PMRs market assessment, global packaged LED production is witnessing a significant annual growth rate of 9%-11%. This is expected to drive demand for HPA, considering that it finds major application in the manufacture of LEDs. Hence, the LED application segment is expected to expand at a CAGR of 18% during the forecast period. The HPA market in China is projected to exhibit the fastest growth during the forecast period, owing to a favorable economic environment and the need for technological advancements in electronics products such as mobile phones and cameras.

From a regional perspective, Asia-Pacific was the largest market for HPA in 2014, accounting for approximately 60% volume share of the overall market. North America ranked second, accounting for over 13% market share followed by Europe in 2014, and is forecast to expand at a CAGR of 16.7% and 15.6% respectively, during the forecast period. This growth is attributed to the positive outlook of the economy in Western Europe.

The global HPA market is segmented on the basis of product, application, and region. By product, the market is categorized as 4N, 5N, and 6N. On the basis of application, the market is categorized as LED, semiconductor, phosphorus, and others. Key regions covered in this report include North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

By product type, 4N HPA was the largest segment in 2014, accounting for 54.1% volume share of the overall market. This segment dominates the market in 2015 and is expected to continue to do so during the forecast period.

Key factors driving the market include rising demand for LED lighting and displays, wider application in smartphones, and government support for the production of HPA products. However, increasing purchase and associated costs of HPA may hinder market growth in coming years. Major trends witnessed in this market include the manufacture of HPA from aluminum waste and increasing focus on R&D to deliver product customization.

To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/3582

The report analyzes the global HPA market in terms of value (US$ Mn) and volume (Tons) and provides in-depth information about market dynamics, value chain, competitive landscape, current trends, and market forecast.

Key market participants covered in the report include Sumitomo Chemical Co., Ltd., Orbite Technologies Inc., Alcoa Inc., Altech Chemicals Ltd, Baikowski SAS, Nippon Light Metal Holdings Company, Ltd., and Dalian Hiland Photoelectric Material Co., Ltd.

Table of Content

1. Executive Summary
2. Research Methodology
3. Assumptions & Acronyms Used
4. Global High Purity Alumina Market Overview
4.1. High Purity Alumina Product Overview & Definition
4.1.1. Global High Purity Alumina Market Taxonomy
4.2. Global High Purity Alumina Market Overview
4.2.1. Global High Purity Alumina Market Volume (tons) and Value (US$ Mn) Forecast, 2014–2021
4.2.2. Global High Purity Alumina Market Volume (tons) and Value (US$ Mn) Y-o-Y Growth, 2014–2021
4.2.3. Global High Purity Alumina Market Absolute $ Opportunity, 2014–2021
4.2.4. Global Packaged LED Production V/S high purity Alumina Volume Y-o-Y GrowthOutlook, 2014–2021
4.2.5. Global Semiconductor Production V/S High Purity Alumina Volume Y-o-Y Growth Outlook, 2014–2021
4.2.6. Global Economic Outlook by Region, 2014–2021
4.3. Global High Purity Alumina – Market Dynamics
4.3.1. Global High Purity Alumina Market: Drivers
4.3.2. Global High Purity Alumina Market: Restraint
4.3.3. Global High Purity Alumina Market: Trends
4.4. High Purity Alumina – Manufacturing Process

5. Global High Purity Alumina Market, By Product Type
5.1. Global High Purity Alumina Market by Product Type – Introduction
5.1.1. Global High Purity Alumina Market Share & Y-o-Y Growth Analysis, By Product Type
5.2. Global High Purity Alumina Market Analysis & Forecast, 4N Product Type
5.3. Global High Purity Alumina Market Analysis & Forecast, 5N Product Type
5.4. Global High Purity Alumina Market Analysis & Forecast, 6N Product Type
5.5. Global High Purity Alumina Market Size Forecast, By Product Type
5.6. Global HPA Market by Product Type – Market Attractiveness Index

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes

This release was published on openPR.