High Purity Alumina Market By Technology, By Application By Region, Market Size, Share, Trends And Forecasts 2020–2026
The global high purity alumina market size is anticipated to enlarge in the forecast period, 2020–2026. High technology enabled consumer electronics and rise in demand for LED devices is likely to propel a high market growth in the forthcoming years. Consumer trends for purchase of latest electronic items and need for sustainability is anticipated to drive a high demand in the forecast span. Moreover, government norms are encouraging the use of alumina extracts for technological devices, which in turn impels in a high market growth.
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Market Trends, Drivers, Restraints and Opportunity:
- Rise in electronic applications such as LED lighting, semiconductors, sodium lamps, etc. are driving the market growth in the forecast span. Moreover, rise in demand for hybrid cars, vision care devices are anticipated to contribute to the market development in the forthcoming years
- Stringent norms by the government associated with production, import and export of electronic items is expected to maintain a high trajectory in the forthcoming years
- Extensive demand for LED lighting and use of Li-ion batteries is more likely to be trending in the local markets
- Rise in demand for Li-Ion batteries for smartphone, consumer electronics and hybrid cars is anticipated to create lucrative opportunities in the following years thereby pumping in a high revenue growth
- On contrary, environmental concerns such as growth in carbon emissions is likely to restrict the market growth during the forecast period
Competitive Landscape:
Some of the key players in the high purity alumina market are Nippon Light Metal Holdings Company Ltd, Altech Chemicals, Xuan Cheng Jing Rui New Material Co Ltd, Hebei Pengda Advanced Materials Technology Co Ltd, Sumitomo Chemicals Co Ltd. Mergers & acquisitions, trends and analysis pertaining to strategic collaboration among partners and mutual agreements and partnerships are some of the growth strategies identified. The key players are adopting innovative methods for product launch in order to strengthen their geographical presence.
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Segments Covered in the Report
The global high purity alumina market is segmented based on type, technology, application, and region.
By Type:
- 4N high purity alumina
- 5N high purity alumina
- 6N high purity alumina
By Technology:
- Hydrolysis
- Hydrochloric Acid Leaching
By Application:
- LED Bulbs
- Li-Ion Batteries
- Semiconductor Substrate
- Bio Medical Devices
- Others
By Region:
- North America
- LAMEA
- Europe
- Middle- East
- Asia Pacific
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- high purity alumina market Overview
- Global high purity alumina market Analysis and Forecast by Type
- Global high purity alumina market Analysis and Forecast by Application
- Global high purity alumina market Analysis and Forecast by Sales Channel
- Global high purity alumina market Analysis and Forecast by Region
- North America high purity alumina market Analysis and Forecast
- Latin America high purity alumina market Analysis and Forecast
- Europe high purity alumina market Analysis and Forecast
- Asia Pacific high purity alumina market Analysis and Forecast
- Middle East & Africa high purity alumina market Analysis and Forecast
- Competition Landscape
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