High Purity Alumina Market report categorizes global market by Purity Level (4N, 5N, 6N), Application (Semiconductors, Phosphorus, Electronic Display, Sapphire), Technology (Hydrolysis, HCL Based), and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2025

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High Purity Alumina Market- Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025

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REPORT DESCRIPTION
Plummeting costs of LEDs and increasing consumer shift towards replacing incandescent lights with LED lights,
owing to their high energy efficiency and low carbon emissions is in turn expected to create highly lucrative
growth prospects for the global high purity alumina market throughout the forecast period (2017–2025). Artificial
sapphire is used as a substrate in production of LEDs, onto which the emitting layer of the LED is deposited as a
vapor. Artificial sapphire is derived from high purity alumina by single crystal technology. As per stats released
by Coherent Market Insights, the 4N purity segment was pegged at US$ 744 million in 2016. 99.99% purity level
the 4N grade alumina is widely used, due to easier availability of smelter grade and low production cost. The 4N
grade high purity alumina is widely used in gas separation and ultra-filtration process due to its high chemical
resistance, porous nature, and mechanical strength. Moreover, demand for 5N grade high purity alumina is
expected to witness significant growth during the forecast period as it finds wide application in scratch-proof
sapphire glass and high end electronic displays. The market is expected to gain traction in Asia Pacific region due
to burgeoning growth of various end-use industries in China, Taiwan, South Korea and India.
The global high purity alumina market size was valued at US$ 1764.9 million (revenue) and is expected to
expand at a CAGR of 16.3% in terms of revenue during the period 2017 – 2025.
High Purity Alumina Market Overview

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REPORT DESCRIPTION
Surging demand for Electronic Displays Augmenting Market Growth
Asia Pacific has emerged as a major manufacturing hub, with major players focusing on capitalizing on
economies of scale in the region. Furthermore, the region is a highly lucrative market for consumer electronic
products, on the back of rampant economic growth in countries such as India and China. Besides, as per
statistics released by India Brand Equity Foundation (IBEF)—a trust established by the Department of
Commerce, Ministry of Commerce and Industry, Government of India—the country is poised to emerge as the
second-largest market for smartphones in 2017. According to stats released by Coherent Market Insights, the
electronic display market is projected to exhibit a robust CAGR of 16.9% during 2017-2025. These factors
collectively position Asia Pacific as a powerhouse in the global high purity alumina market, and is expected to
retain its dominance in the market through 2025.
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Cost Reduction: A Major Challenge for Market Players
The high purity alumina is a highly capital intensive market, which creates high entry barriers for new entrants.
High production costs result in high cost of end products and relatively low profitability. Thus, the market is
highly consolidated and is mainly dominated by major players based in Australia and China. This is mainly
attributed to large bauxite reserves—the basic raw material for production of high purity alumina—in these
countries.
Major players in the global high purity alumina market include Altech Chemicals Limited, Baikowski Pure
Solutions, Nippon Light Metal, Polar Sapphire Ltd., Sumitomo Chemical Co. Ltd., Orbite Technologies Inc., and
Alcoa Inc. and among others.
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