High Purity Alumina Market Report 2022 Market SWOT Analysis, Key Indicators, Forecast 2030
The global high purity alumina market was worth USD 1.48 billion in 2020 and is anticipated to amplify at a CAGR of 20.1% over 2022-2030, thereby amassing a valuation of USD 6.29 billion by the end of the assessment timeframe. Rising adoption of LED bulbs over conventional bulbs along with rapid developments in the semiconductor and electronics industry are the primary factors augmenting industry outlook. Alongside, extensive utilization of sapphire substrates in LED manufacturing and growing adoption of lithium-ion batteries are positively swaying the market dynamics. High purity alumina is another name for high purity aluminium oxide (HPA). It is a valuable, white, granular chemical that is manufactured for use in industry either by processing aluminium with particular chemicals or by using different sources of aluminium as a feedstock. The alkoxide process, thermal decomposition process, choline hydrolysis process, and modified Bayer process are a few of the most often utilised methods for producing HPA. Additionally, it is projected that the electronics industry's rapid expansion will have a favourable effect on the growth of the high pure alumina market throughout the ensuing years. High brightness, corrosion resistance, the ability to endure great temperatures, high mechanical strength, superior thermal conductivity, and high electrical & insulating resistance are just a few of the qualities that high-purity alumina boasts. They are primarily utilised in the electronics and semiconductor industries, including in photovoltaic cells, LCD displays, electronic storage systems, and light-emitting diodes (LEDs). High-purity alumina is also widely used in infrastructure projects including building roads and highways, developing smartphone apps, and the auto sector. Global High Purity Alumina Market- Segmental Analysis By Type •
4N High Purity Alumina