High Purity Alumina Market Share, Business Plans
and Strategies with Forecast By 2024
High Purity Alumina Market study is providing you with the up-to-date, actionable market information and projections
with the latest impact of the Covid 19 outbreak. It offers all the requisite data to support tactical business decisions and
come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies
and plans in addition to manufacturing processes and cost structures.
Global High Purity Alumina Market is anticipated to reach USD 6.41 billion by 2024. High Purity Alumina (HPA) is a high
margin, high-value, and is in great demand as it is the critical ingredient essential to produce synthetic sapphire. The
factors that propel the growth of the high purity alumina market include growing end-user applications such as sapphire,
semiconductors, LEDs, and phosphor, growing technological developments, and increasing saturation of LEDs in the
lighting market. On the other hand, there are factors that may hamper the growth of the market including higher cost of
production. High purity alumina industry is anticipated to grow at a significant CAGR in the upcoming period as the
scope, product types, and its applications are increasing across the globe.
High purity alumina market could be explored by type, technology, application, and geography. The market could be
explored by purity level as 6N, 5N, and 4N. The “4N purity level” segment led the market of high purity alumina in 2016
and is anticipated to maintain its dominance by 2024. The key factors that could be attributed to the growth of market
include increasing use, lower manufacturing costs, low impurity clay feedstock, and easy accessibility of smelter grade
alumina.
Based on technology, the high purity alumina industry could span Hydrochloric acid leaching and Hydrolysis. The
“Hydrolysis” segment led the market of high purity alumina in 2016 and is anticipated to maintain its dominan