The modern-day document posted via Report Ocean, titled “High Purity Alumina Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
High purity alumina is an alumina with a minimum purity level of 99.99%. It is used as a base material for manufacturing light emitting diodes (LEDs), electronic displays, separator for lithium ion batteries in automotive industry, surgical tools and instruments in medical industry. High purity alumina exhibits increasing application owing to its superior properties such as high brightness, corrosion resistance, crack resistance and its ability to withstand extreme temperatures. In 2015, the global high purity alumina market was valued at $1,535 million and is expected to grow further at a CAGR of 16.7 % during 2016-2022.
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Increasing demand for high purity alumina across the globe, coupled with government support leading to growing adoption of LEDs, drives the size of global high purity alumina market. In addition, technological advancements and growth in application industries such as semiconductors, automotive and medical, are also driving the world market for high purity alumina. However, higher cost of production may impede the market growth in the near future, owing to the emergence of any cost alternative product into the market.
Based on type of high purity alumina, the market is segmented into 4N, 5N and 6N. Technological developments in production processes would lead to a lower cost of production. The prices for high purity alumina are expected to decrease in the near future. In 2015, the 4N segment occupied more than half of the market share in terms of volume in global hpa market. Based on application, the market is segmented into LED bulbs, electronic displays, automotive, medical and others. Based on production technology, the market is segmented into hydrolysis and hydrochloric acid (HCL) leaching.
Geographically, the market has been segmented into North America, Europe, Asia-Pacific and LAMEA. In 2015, Asia-Pacific occupied the largest share in the global high purity alumina, with China and Japan as major countries contributing to the growth. Increasing population coupled with rising adoption of government initiatives to save energy are significant factors leading to the growth of the high purity alumina market in the Asia-Pacific region.
The companies have adopted agreement, acquisition, collaboration, partnership, expansion, and product & technology launch in order to gain a competitive advantage in this market. For example, Altech Chemicals Ltd. has primarily adopted the agreement strategy by appointing Mitsubishi Corporation as exclusive seller of high purity alumina products which has helped it to expand its geographic reach and distribute its products in the Japanese market.
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The key players profiled in the report include Orbite Technologies Inc., Sumitomo Chemical Co., Ltd, Baikowski SAS, Alcoa Inc., Nippon Light Metal Holdings Company, Ltd., Altech Chemicals Ltd, Zibo Honghe Chemical Co. Ltd., and Xuan Cheng Jing Rui New Material Co. Ltd.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
HIGH PURITY ALUMINA MARKET KEY BENEFITS:
The market projections for period 2015-2022 have been included coupled with the impacting factors.
The report provides extensive analysis of market size and factors, which drive or restrict the growth of the world high purity alumina industry.
The report also provides quantitative as well as qualitative trends to assist the stakeholders in understanding the market scenario.
In-depth analyses of key segments of the market demonstrate the consumption pattern of high purity aluminum for different applications across various end user industries.
SWOT analysis facilitates the study of internal environment of leading companies for strategy formulation.
Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.
HIGH PURITY ALUMINA MARKET KEY SEGMENTS:
By Type
4N
5N
6N
By Application
LED Bulbs
Electronic Displays
Automotive
Medical
Others
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By Technology
Hydrolysis
HCL
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
France
UK
Others
Asia-Pacific
China
India
Japan
Others
LAMEA
Brazil
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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