Press Release

High Purity Alumina Market to Grow at 18% CAGR during 2019-2024

Increasing adoption of LED products, smart watches, lithium ion battery separators, sapphire glass for smartphones, etc., to boost global high purity alumina market through 2024

According to TechSci Research report, Global High Purity Alumina Market By Technology, By Product, By Application, By Region, Competition, Forecast & Opportunities, 2024’’, the market for global high purity alumina (HPA) is anticipated to grow at a CAGR of over 18% during forecast period. HPA is a high-value, high margin as well as a highly demanded product since it is the critical ingredient required to produce synthetic sapphire. There is no alternative for HPA in the manufacture of synthetic sapphire. Notably, the market for high purity alumina is driven by the growth in adoption of LEDs across the globe as LEDs are an energy efficient, durable and lower operating cost form of lighting. Due to these properties, LED lighting is replacing the conventional incandescent bulbs. Notably, significant demand for the material from the LED industry on account of increasing use of energy efficient lighting in emerging economies such as China, India, etc., coupled with growing government initiatives to increase the adoption of LED lamps and reduce the use of incandescent lamps is further anticipated to boost the growth of HPA market.

Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on "Global Liquid Silicone Rubber Market"

https://www.techsciresearch.com/report/high-purity-alumina-market/4017.html

The market for high purity alumina has been segmented into technology, product, application and region. Among the product segmentation, 4N high purity alumina is projected to hold over two-thrids of the market share through 2024 and the segment is anticipated to witness significant growth during forecast period on account of widespread acceptance in energy-efficient lighting solutions and electronic displays. Furthermore, 5N HPA is expected to account for over $ 1.4 billion by the end of 2024, due to its growing usage in sapphire substrates, electronic storage systems, electrolytic capacitor foils and photovoltaic cells.

Among applications, LEDs segment is forecast to capture over 56% share by 2024 in global high purity alumina market. Additionally, the phosphor segment is expected to cross over $ 580 million by 2024 on account of rapid growth of phosphor-based products including plasma televisions wherein the high purity alumina is used to control the characteristics of phosphorous products.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4017  

Customers can also request for 10% free customization on this report.

Regionally, the market for high purity alumina is segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, Asia-Pacific held the major share in global high purity alumina market in 2018 and is anticipated to grow at the highest CAGR during forecast period. Among countries in the region, China dominates Asia-Pacific HPA market on account of the technological advancements made in the electronics sector within the country. North America is the second largest market for high purity alumina, wherein the region witnessed a demand for approximately 6 kilotons in 2018. Within the region, the material is widely used in plasma displays as it helps in decreasing the overall dimensions of the final product by making it lighter and thinner. said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global High Purity Alumina Market By Technology, By Product, By Application, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of global high purity alumina market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market trends along with drivers, challenges and opportunities in global high purity alumina market.

 

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

 

Tel: +1-646-360-1656

 

Email: [email protected]

 

Relevant Reports

Global High Purity Alumina Market By Technology (Hydrolysis & HCl Leaching), By Product (4N, 5N & 6N), By Application (LED, Semi-conductor, Phosphor, Batteries & Others), By Region (APAC, Europe, North America & Others), Competition, Forecast & Opportunities, 2024

Chemicals | May, 2019

Increasing adoption of LED products, smart watches, lithium ion battery separators, sapphire glass for smartphones, etc., to boost global high purity alumina market through 2024

Relevant News