High Purity Alumina Market – Industry Analysis and Forecast (2019-
Global High Purity Alumina Market was valued US$ 2.17 Mn in 2019 and is
estimated to reach US$ XX Mn by 2026 at a CAGR of XX %.
The report includes the analysis of impact of COVID-19 lock-down on the
revenue of market leaders, followers, and disrupters. Since lock down was
implemented differently in different regions and countries, impact of same
is also different by regions and segments. The report has covered the
current short term and long term impact on the market, same will help
decision makers to prepare the outline for short term and long term
strategies for companies by region.
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Increasing penetration of LEDs in the lighting market, newer applications
of high purity high purity alumina in smartphones, smartwatches and
tablets, are significant factors driving the growth of the high purity
alumina market. World demand for high purity alumina has increased and has
reached record levels owing to growing technological advancements and
increasing demand from applications namely LED bulbs, electronic displays,
automotive and medical. However, cost fluctuations is expected to hinder
the high purity alumina market growth.
4N high purity alumina constitutes 70% of the industry share due to its
huge acceptance in energy-efficient lighting solutions and electronic
displays. 5N will exhibit significant growth by 2026, owing to its rising
usage in sapphire substrates, electrolytic capacitor foils, electronic
storage systems and photovoltaic cells.
LED’s segment grabs XX% share of high purity alumina market. Phosphor
segment to reach US$ 550 million by 2026. The rapid growth of phosphor-
based products such as plasma televisions in which high purity high purity
alumina is used to control the characteristics of phosphorous products is
expected to grow and help boost the high purity alumina market. Chalco’s