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 Reports:

 

A.    High Purity Chemicals Market

https://www.industryarc.com/Report/18797/high-purity-chemicals-market

 

 

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