Select Language
According to the latest report by IMARC Group, titled "High Purity Alumina Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global high purity alumina market is expected to exhibit a CAGR of 25.5% during 2022-2027. High purity alumina (HPA) is widely utilized to manufacture sapphire substrates. It is generally derived from aluminum oxide and characterized by a uniform crystal powder with a high purity level that can be achieved through thermal decomposition, modified Bayer process and chlorine hydrolysis. Also referred to as non-metallurgical premium alumina, it exhibits high corrosion resistance, melting point and thermal stability. As a result, it is extensively used in the manufacturing of artificial sapphire glass, light-emitting diodes (LEDs), semiconductors, ceramics, smart electronic devices, photovoltaic cells, and gemstones.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global High Purity Alumina Market Trends:
The global market is primarily driven by significant growth in the electronics sector. Along with this, the rising awareness regarding sustainable development among the masses is creating a positive outlook for the market across the globe. This has encouraged leading players in the market to heavily invest in the manufacturing of energy-efficient alternatives for incandescent bulbs, which is providing a boost to the market growth. In line with this, the rising government initiatives towards smart cities development on the global level are also bolstering the demand for light-emitting diodes (LEDs) bulbs. Moreover, rapid digitization across numerous industries has led to the increasing adoption of electronic devices among individuals and businesses, which is positively influencing the market growth. The global market is further driven by the widespread usage of high purity alumina in the manufacturing of dental and orthopedic implants, thereby providing an impetus to the market growth. Some of the other factors contributing to the market growth include rapid urbanization and extensive research and development (R&D) activities conducted by key players.
Market Summary:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com