According to a market report by Lucintel, the future of the high purity alumina market looks promising with opportunities in the LED, semiconductor, phosphor, and sapphire applications. The high purity alumina market is expected to grow with a CAGR of 20% from 2019 to 2024. The major growth drivers for this market are growing demand for high purity alumina from various industries due to its properties, such as chemical & thermal stability, high strength, and thermal & electrical insulation.
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Within the high purity alumina market, LED, semiconductor, phosphor, sapphire, and others are the major application segments. LED is the largest application segment for high purity alumina.
4N, 5N, and 6N are the major purity level segments of the high purity alumina market.
The Asia Pacific region will remain the largest market over the forecast period due to the shift of manufacturing units of various industries and the availability of labor and raw materials.
Altech Chemicals Ltd., Alcoa Inc., Orbite Technologies, Sumitomo Chemical Co., Ltd., Baikowski Pure Solutions, Nippon Light Metal Company Ltd., Rusal, Sasol, Xuancheng Jingrui New Material Co., Ltd., and Dalian Hiland Photoelectric Material Co., Ltd. are among the major manufacturers of high purity alumina.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the high purity alumina market by purity level, application, and region. Lucintel has prepared a comprehensive research report entitled "High Purity Alumina Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the high purity alumina market by purity level, application, and region as follows:
By Purity Level [$M shipment analysis for 2013 – 2024]:
By Application [$M shipment analysis for 2013 – 2024]:
LED
Semiconductor
Phosphor
Sapphire
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/high-purity-alumina-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.