Astronishing Growth in High Purity Alumina Market 2022 | key players like Orbite Technologies Inc., Sumitomo Chemical Co., Ltd, Baikowski SAS, Alcoa Inc

High purity alumina is an alumina with a minimum purity level of 99.99%. It is used as a base material for manufacturing light emitting diodes (LEDs), electronic displays, separator for lithium ion batteries in automotive industry, surgical tools and instruments in medical industry. High purity alumina exhibits increasing application owing to its superior properties such as high brightness, corrosion resistance, crack resistance and its ability to withstand extreme temperatures. In 2015, the global high purity alumina market was valued at $1,535 million and is expected to grow further at a CAGR of 16.7 % during 2016-2022.

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Increasing demand for high purity alumina across the globe, coupled with government support leading to growing adoption of LEDs, drives the size of global high purity alumina market. In addition, technological advancements and growth in application industries such as semiconductors, automotive and medical, are also driving the world market for high purity alumina. However, higher cost of production may impede the market growth in the near future, owing to the emergence of any cost alternative product into the market.

Based on type of high purity alumina, the market is segmented into 4N, 5N and 6N. Technological developments in production processes would lead to a lower cost of production. The prices for high purity alumina are expected to decrease in the near future. In 2015, the 4N segment occupied more than half of the market share in terms of volume in global hpa market. Based on application, the market is segmented into LED bulbs, electronic displays, automotive, medical and others. Based on production technology, the market is segmented into hydrolysis and hydrochloric acid (HCL) leaching.

Some of the key players of High Purity Alumina Market:

Orbite Technologies Inc., Sumitomo Chemical Co., Ltd, Baikowski SAS, Alcoa Inc., Nippon Light Metal Holdings Company, Ltd., Altech Chemicals Ltd, Zibo Honghe Chemical Co. Ltd., and Xuan Cheng Jing Rui New Material Co. Ltd.

The Global High Purity Alumina Market research report offers an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global High Purity Alumina market based on product and application. It also provides market size and forecast till 2023 for overall High Purity Alumina market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments.

Sameer Joshi
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