The beneficial properties of the high
purity alumina such as superior corrosion resistance, good thermal
conductivity, chemical stability, high melting point, high electrical insulation,
and abrasion resistance is considered to be the prime factor for the increasing
adoption of the high purity alumina (al2o3) by various industries such as
automotive, electronics, semiconductor, and medical. High purity alumina is a
high pure form of aluminum oxide, which is produced by calcination of hydrated
alumina. The high purity alumina market growth is mainly propelled by the rise
in applications of HPA in translucent tubes for high-pressure sodium lamps,
high-strength ceramic tools, abrasives for magnetic tape, LED artificial
sapphire crystals, and PDP phosphors. Owing to the rising energy saving
concerns along with the stringent government regulations on manufacturing and
sale of incandescent lights, there is a growth in LED lighting market. Across
the world LED usage has increased substantially in recent years, growing from a
market share of 5% of global residential lighting sales in 2013 to 40% in 2018.
This, in turn, is rising the demand for high purity alumina as it is used as a
base material in the manufacture of sapphire substrates for LEDs.
As of 2018, the global high purity
market was valued at $4.35 billion. Furthermore, the demand for the high purity
market is anticipated to propel at a healthy CAGR of 14.6% during the forecast
period 2019-2025.
Asia-Pacific
Region Domineering the High Purity Alumina Market—
Geographically, Asia-Pacific is
considered to be the most lucrative high purity alumina marketplace during the
forecast period and it was responsible for generating a revenue share of 37% in
2018. The dominance of this region is predominantly due to the booming end-use
industries including electronics, semiconductor, and automotive in the emerging
economies such as India and China. Moreover, the growing adoption of energy
efficient and cost effective LED lighting across the developing countries has
further led to the growth of the high purity alumina market in this region.
Electronics
Industry aiding the growth of the High Purity Alumina Market—
On the basis of application, electronics
is expected to propel at the highest growth rate throughout the forecast
period. The growth of this segment is mainly attributed to the multifarious
applications of high purity alumina in the electronics industry. The material
is used in the manufacturing of electronic displays, smartphones, batteries,
and many more. Therefore, the key application segment is poised to propel at a
CAGR of 10.4% through to 2025.
High
Purity Alumina Market Key Companies—
The prominent companies that are
striving to fortify their presence in the global high purity alumina market are
Altech Chemicals Limited, Alcoa Inc., Orbite Technologies Inc., and Rusal,
Sumitomo Chemical Co. Ltd.
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Related
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A.
High
Purity Chemicals Market
https://www.industryarc.com/Report/18797/high-purity-chemicals-market
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