High Purity Alumina Market Size Worth $6.68 Billion By 2025 Owing To Growing Demand For LED Lights & Along With Growth In Electric Vehicles | Grand View Research, Inc.

April 01 18:30 2021
High Purity Alumina Market Size Worth $6.68 Billion By 2025 Owing To Growing Demand For LED Lights & Along With Growth In Electric Vehicles | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report by Grand View Research, the growing demand for LED lights along with the growth in the electric vehicles sector are a couple of primary factors driving the growth of the high-purity alumina market. The COVID-19 pandemic made a huge impact on the market as the revenue of the global market declined due to the state of lockdown in 2020 in major countries across the globe. However, the market is recovering owing to the ease of lockdown.

The global high purity alumina market Size is anticipated to reach USD 6.68 billion by 2025, expanding at a CAGR of 20.3% over the forecast period. High purity alumina is the most widely used in the manufacturing of sapphire ingots, which are then used in LED, semiconductor, and sapphire-based devices. Increasing government policies to promote energy-efficient lighting have bolstered the LED demand, propelling the HPA industry forward.

High purity alumina is used in sapphire substrates, which are then used in LEDs, the increasing LED supply is expected to benefit the global high purity alumina market. Since semiconductors and glass both use fake sapphire, the growth of the electronics industry has an impact on the growing market for semiconductors.  Another significant driver for the high purity alumina industry is the increasing demand for electric vehicles. As high purity alumina is used to coat lithium-ion battery separators, the demand for lithium-ion batteries is skyrocketing as the number of electric vehicles increases. This has resulted in the rapid growth of the high purity alumina market. 

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/high-purity-alumina-market

High Purity Alumina Market Report Highlights

Based on the application, the LED application segment accounted for the highest market share in 2018, owing to the rising need for energy conservation encouraged by several initiatives such as the Paris Agreement.

Semiconductors were the second-largest application segment in 2018, accounting for 22.1% of production, owing to their properties such as thermal stability, chemical stability, and high strength that make them ideal for use in electronic devices.

Based on the production, 4N was the largest product segment in 2018, accounting for a revenue share of 41.6%, owing to its low cost and easy availability compared to other grades is expected to increase the demand further over the forecast period.

North America accounted for a revenue share of 14% in 2018 owing to the increasing demand for electric vehicles in the region which in turn is expected to further boost the demand for the product over the forecast period.

Get Sample Copy Of This Report @ https://www.grandviewresearch.com/industry-analysis/high-purity-alumina-market/request/rs1

High Purity Alumina Market Segmentation

Grand View Research has segmented the global high purity alumina market report on the basis of product, application, and region:

High Purity Alumina Product Outlook (Volume, Kilotons, Revenue, USD Million, 2014 – 2025)

     4N
     5N
     6N

High Purity Alumina Application Outlook (Volume, Kilotons, Revenue, USD Million, 2014 – 2025

     LED
     Semiconductor
     Phosphor
     Sapphire    
     Lithium-ion battery
     Others

High Purity Alumina Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2014 – 2025)

     North America
        • U.S.
     Europe
        • Germany
        • U.K.
     Asia Pacific
        • China
        • Japan
     Central & South America
        • Brazil
     Middle East & Africa

Key Players in the High Purity Alumina Market

  • Sumitomo Chemical Co., Ltd
  • Altech Chemicals Ltd
  • Almatis, Inc.
  • Nippon Light Metal Holdings Co., Ltd.
  • Baikowski
  • Polar Sapphire Ltd.
  • Orbite Technologies Inc.
  • Zibo Honghe Chemical Co., Ltd.
  • CoorsTek Inc.
  • FYI Resources Limited

 

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/3043/ibb

About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/high-purity-alumina-market


Warning: count(): Parameter must be an array or an object that implements Countable in /home/dimapurnewsdesk/deccansamachar.org/wp-content/themes/gadgetine-theme/includes/single/post-tags-categories.php on line 7