The global high purity alumina market is
expected to reach USD 6.41 billion by 2024, according to a new report by Grand
View Research, Inc. Substantial demand for the product in plasma displays as it
is a cost-effective and an energy efficient substitute for traditional
materials including incandescent light bulbs is expected to drive demand.
Moreover, growing demand for plasma displays is projected to propel the growth
of the market over the forecast period. High purity alumina is an essential
base material for artificial sapphire substrates, which are used in numerous
electronics.
Growing demand for high purity alumina in
niche applications including medical, precision optics and defense is expected
to drive demand over the forecast period. Moreover, increasing adoption of LED
screen as they provide high-definition images is projected to boost demand for
alumina products over the forecast period.
Full Research Report On high purity alumina market Analysis:
http://www.grandviewresearch.com/industry-analysis/high-purity-alumina-market
http://www.grandviewresearch.com/industry-analysis/high-purity-alumina-market
Further key findings from the report suggest:
·
4N high purity alumina is
expected to grow at a CAGR of over 18.0% from 2016 to 2024. The increasing use
of the product in ceramics, smartphones, and batteries on account of its
superior electrical insulation, low moisture absorption, and improved thermal
conductivity is expected to drive the demand. The product is being widely used
to coat ceramic separators in lithium ion batteries.
·
Rising demand for lithium ion
batteries owing to growth in Electric Vehicle (EV) and Plug-in Hybrid Electric
Vehicles (PHEV) is expected to drive the market demand for high purity alumina
over the forecast period.
·
Sapphire production accounted
for over 12.5% of high purity alumina consumption in 2015. Growing investments
in sapphire glass production on account of its increasing requirement across a
wide array of applications including smartphones, tablets, LEDs and
semiconductors is expected to open new opportunities over the forecast period.
·
North America high purity
alumina demand was 4.31 kilo tons in 2015. The material is being increasingly
used in plasma displays as it helps in reducing the overall dimensions of the
final product by making it lighter and thinner. A boom in utilities rebate on
account of using LED retrofits is expected to drive the market over the
forecast period.
·
Significant demand for the
material from the LED industry owing to growing use of energy efficient
lighting in emerging economies including China and India coupled with rising
government initiatives to increase the market share of LED lamps and minimize
the use of incandescent lamps is projected to augment growth. Abundant raw
material availability coupled with adequate manufacturing capabilities has led to
relatively lowering production costs.
·
Nippon Light Metal is a key
market player which manufactures high purity alumina, aluminum metal alloys,
industrial parts, metal rolls, capacitor foils and heat exchangers. Baikowski
Pure Solutions is involved in producing high purity alumina powders and other
fine composites & oxides including YAG, ZTA, ceria, and Spinel. The company
has its manufacturing facilities located in Japan, U.S., and France.
View More Reports Of This Category By Grand View Research
At: https://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
global high purity alumina market on the basis of product, application and
region:
High Purity Alumina Product Outlook (Volume, Tons;
Revenue, USD Million, 2013 - 2024)
·
4N
·
5N
·
6N
High Purity Alumina Application Outlook (Volume, Tons;
Revenue, USD Million, 2013 - 2024)
·
Light Emitting Diodes
·
Semiconductors
·
Phosphor
·
Sapphire
·
Others
High Purity Alumina Regional Outlook (Volume, Tons;
Revenue, USD Million, 2013 - 2024)
·
North America
o U.S.
·
Europe
o Germany
·
Asia Pacific
o China
·
Latin America
o Brazil
·
Middle East & Africa
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-high-purity-alumina-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
