High Purity Alumina Market Trends,Outlook | 2024
Read Report Overview @
Some of the more recent applications of high purity alumina have been responsible for the steady growth of this market. It is used in light-emitting diodes (LEDs), in the manufacture of scratch-resistant glass, and in semiconductor chips and wafers. Its uses in plasma displays have also made it a high-value material in the electronics sector.
This report takes a close look at the new applications of high purity alumina and how these are helping bring in new opportunities for the HPA market worldwide. The current regulations affecting this market are also evaluated in detail. By segmenting the market into smaller sections, the report is able to provide a granular evaluation of the global HPA market as well as identify the most promising investment areas.
The LED industry has emerged as one of the largest consumers of high purity alumina in the world. This trend will continue to prevail until the forecast period of the report as more and more electronics products incorporate LEDs. Despite its high cost, no major dent is projected in the sales of high purity alumina in the foreseeable future because the material doesn’t have suitable substitutes. The burgeoning contract manufacturing sector in the Asia Pacific region will act as a spur to the demand for HPA.
As the integration of sophisticated electronics and entertainment systems becomes commonplace in automobiles, new opportunities are expected to spring up for HPA manufacturers in the automotive sector. However, these benefits will be overshadowed to some degree by the excessively high production cost of high purity alumina.
Some of the most common applications of high purity alumina include, but are not limited to: smartwatches, semiconductor, LED products, phosphors, and others. The LED application segment is reported as being the highest demand generator for high purity alumina.
High purity alumina is classified into four product grades: 4N, 5N, and 6N. Over half of the global high purity alumina market is represented by the 4N HPA product segment. The demand for 6N is currently the lowest among the three segments.
From the standpoint of geography, the global high purity alumina market has been split into: Europe, Asia Pacific, North America, and Rest of the World. The demand for high purity alumina is the highest in Asia Pacific. The region has emerged as an electronics manufacturing hub in recent years and this has been a key growth enabler for the HPA market in Asia Pacific. China dictates the dynamics of the Asia Pacific high purity alumina market – a scenario that will likely remain so until the end of the forecast period. While North America ranks second in terms of market share, Europe stands third.
In terms of both volume and value, it is the Asia Pacific region that is projected to register the highest rate of growth through the report’s forecast period.
Request to view Sample Report:
Among the top companies in the global high purity alumina market are: Dalian Hiland Photoelectric Material Co., Ltd., Orbite Technologies Inc., Sumitomo Chemical Co., Ltd., and Nippon Light Metal Holdings Company, Ltd.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release High Purity Alumina Market Trends,Outlook | 2024 here
News-ID: 963163 • Views: 244
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers. The demand for crude oil is increasing
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027 Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon
More Releases for HPA
Global High Purity Alumina (HPA) Market - Forecast to 2026
Based on the GME prediction the Global High Purity Alumina (HPA) Market will expand with a CAGR value of 18.05% from 2021 to 2026. The factors like rising government interventions in increasing the demand for LEDs within countries, encouraging cost-effective and efficient utilization of resources, changing preferences of the user base, more demand for user-friendly and economical options, increasing awareness about the usefulness of LEDs are supporting the market growth
The Global High Purity Alumina (HPA) Market Measured to Garner $3121.61 Million …
According to Triton’s report, the global high purity alumina (HPA) market, which reaped $864.93 million in 2020, is likely to expand at 16.15% of CAGR by 2028. A recent study by Triton Market Research titled ‘Global High Purity Alumina (HPA) Market’ includes the Global Analysis and Forecasts by Type (4N HPA, 5N HPA, 6N HPA), Technology (Hydrochloric Acid Leaching [HCL], Hydrolysis), Application (Biomedical Devices, Optical Lenses, Li-Ion Batteries, Semiconductor Substrate,
Global Hydroxypropyl Acrylate (HPA, CAS 25584-83-2) Market Outlook 2019-2024
Market Research Report Store offers a latest published report on Hydroxypropyl Acrylate Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.marketresearchreportstore.com/reports/592670/global-hydroxypropyl-acrylate-hpa-cas-4 The analysts forecast the global hydroxypropyl acrylate
High Purity Alumina (HPA) Market Key Players Sumitomo Chemical Co., Ltd., Orbite …
Persistence Market Research (PMR), delivers key insights on the high purity alumina (HPA) market in its latest report titled “Global Market Study on High Purity Alumina (HPA): High Demand for LED’s and Displays to Drive Growth During 2015-2021.” According to the report, the global HPA market was valued at US$ 1.2 Bn in 2014 and is projected to expand at a CAGR of 6.9% during the forecast period to reach
New Research on High Purity Alumina (HPA) Market Showcase Promising Growth Durin …
This comprehensive report on Industrial Cyber Security (Solutions and Services) Market [(By Component – Hardware Solutions, Software Solutions, and Services; By Security Layer – Network Security, End-point Security, Cloud Security, Application Security and Others; By End Use Industry - Process Industries and Discrete Industries)] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026 by Transparency Market Research, analyzes and provides growth forecast for the industrial cyber security market
Global MilSatCom and HPA Collaborate on Hosted Payload Workshop
The Hosted Payload Alliance (HPA) and SMi Group, the producer of Global MilSatCom, are working together to offer HPA’s Global Government Payload Exploration workshop again at Global MilSatCom 2017, after officials from more than a dozen countries and organizations attended the workshop at Global MilSatCom 2015. The pre-conference workshop will take place November 6, 8:30 a.m. – Noon, at the Park Plaza Riverbank Hotel in London. “HPA would like to