Zinc Oxide Market- Trends, Industry Insights, and Forecast 2024 (1)

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

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REPORT DESCRIPTION
High Purity Alumina Market Overview
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 (20172025). 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.
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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 Indiathe 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. Request sample Copy
of this Reporthttps//www.coherentmarketinsights.
com/insight/request-sample/353

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REPORT DESCRIPTION
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
reservesthe basic raw material for production of
high purity aluminain 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. To Get Discount on this Report
https//www.coherentmarketinsights.com/insight/req
uest-discount/353
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