Press release
High purity alumina Market | Altech Chemicals Limited, Baikowski Pure Solutions, Nippon Light Metal, Polar Sapphire Ltd
Plummeting costs of LEDs and increasing consumer shift towards replacing incandescent lights with LED lights, owing to their high energy efficiency and low carbon emissions is in turn expected to create highly lucrative growth prospects for the global high purity alumina market throughout the forecast period (2017–2025). Artificial sapphire is used as a substrate in production of LEDs, onto which the emitting layer of the LED is deposited as a vapor. Artificial sapphire is derived from high purity alumina by single crystal technology. As per stats released by Coherent Market Insights, the 4N purity segment was pegged at US$ 744 million in 2016. 99.99% purity level the 4N grade alumina is widely used, due to easier availability of smelter grade and low production cost.Request For Sample Copy of This Premium Research High purity alumina Market : https://www.coherentmarketinsights.com/insight/request-sample/353
Detailed Segmentation:
Global High purity alumina Market, By Purity Level:
4N
5N
6N
Global High purity alumina Market, By Application:
Semiconductors
Phosphorus
Electronic Display
Sapphire
Global High purity alumina Market, By Technology:
Hydrolysis
HCL Based
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Asia Pacific has emerged as a major manufacturing hub, with major players focusing on capitalizing on economies of scale in the region. Furthermore, the region is a highly lucrative market for consumer electronic products, on the back of rampant economic growth in countries such as India and China. Besides, as per statistics released by India Brand Equity Foundation (IBEF)—a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the country is poised to emerge as the second-largest market for smartphones in 2017.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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