Press release
With 25.5% CAGR, High Purity Alumina Market Size to Reach US$ 5.1 Billion 2022-2027
IMARC Group has recently released a new research study titled "High Purity Alumina Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.What are the growth prospects of the high purity alumina industry?
The global high purity alumina market reached a value of US$ 1.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2027, exhibiting a CAGR of 25.5% during 2022-2027.
What is a high purity alumina?
High purity alumina (HPA) is widely utilized to manufacture sapphire substrates. It is generally derived from aluminum oxide and characterized by a uniform crystal powder with a high purity level that can be achieved through thermal decomposition, modified Bayer process and chlorine hydrolysis.
Also referred to as non-metallurgical premium alumina, it exhibits high corrosion resistance, melting point and thermal stability. As a result, it is extensively used in the manufacturing of artificial sapphire glass, light-emitting diodes (LEDs), semiconductors, ceramics, smart electronic devices, photovoltaic cells, and gemstones.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request and get a sample brochure for free: https://www.imarcgroup.com/high-purity-alumina-market/requestsample
What are the major market drivers in the high purity alumina market?
The global market is primarily driven by significant growth in the electronics sector. Along with this, the rising awareness regarding sustainable development among the masses is creating a positive outlook for the market across the globe. This has encouraged leading players in the market to heavily invest in the manufacturing of energy-efficient alternatives for incandescent bulbs, which is providing a boost to the market growth. In line with this, the rising government initiatives towards smart cities development on the global level are also bolstering the demand for light-emitting diodes (LEDs) bulbs.
Moreover, rapid digitization across numerous industries has led to the increasing adoption of electronic devices among individuals and businesses, which is positively influencing the market growth. The global market is further driven by the widespread usage of high purity alumina in the manufacturing of dental and orthopedic implants, thereby providing an impetus to the market growth. Some of the other factors contributing to the market growth include rapid urbanization and extensive research and development (R&D) activities conducted by key players.
Get the table of contents with all detailed information: https://www.imarcgroup.com/high-purity-alumina-market
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Purity Level:
4N
5N
6N
Breakup by Production Method:
Hydrolysis of Aluminium Alkoxide
Hydrochloric Acid Leaching
Others
Breakup by Application:
LED
Semiconductor Substrate
Phosphor
Sapphire Glass
Others
By Geography:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
Alcoa Corporation
Altech Chemicals Limited
Baikowski SAS
Coorstek Inc. (Keystone Holdings LLC)
Nippon Light Metal Holdings Company Ltd
Norsk Hydro ASA
RusAL
Sasol Limited
Sumitomo Chemical Co. Ltd
Zibo Honghe Chemical Co. Ltd
Related Report by IMARC Group:
Natural Rubber Market Report: https://www.imarcgroup.com/natural-rubber-market
GCC Aluminium Powder Market Report: https://www.imarcgroup.com/gcc-aluminium-powder-market
Japan Aluminium Powder Market Report: https://www.imarcgroup.com/japan-aluminium-powder-market
Denim Finishing Agents Market Report: https://www.imarcgroup.com/denim-finishing-agents-market
Europe Barium Carbonate Market Report: https://www.imarcgroup.com/europe-barium-carbonate-market
Liquid Silicone Rubber Market Report: https://www.imarcgroup.com/liquid-silicone-rubber-market
Sulfur Fertilizers Market Report: https://www.imarcgroup.com/sulfur-fertilizers-market
Europe Citric Acid Market Report: https://www.imarcgroup.com/europe-citric-acid-market
IMARC Services Private Limited.
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Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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