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World High Purity Alumina Market Opportunities and Forecasts, 2015 2022 [Report Updated: 05052016] Prices from USD $5370

21:26 EDT 28 Jul 2017 | BioPortfolio Reports

High purity alumina is an alumina with a minimum purity level of 99.99%. It is used as a base material for manufacturing light emitting diodes LEDs, electronic displays, separator for lithium ion batteries in automotive industry, surgical tools and instruments in medical industry. High purity alumina exhibits increasing application owing to its superior properties such as high brightness, corrosion resistance, crack resistance and its ability to withstand extreme temperatures. In 2015, the global high purity alumina market was valued at $1,535 million and is expected to grow further at a CAGR of 16.7 % during 20162022.nnIncreasing demand for high purity alumina across the globe, coupled with government support leading to growing adoption of LEDs, drives the size of global high purity alumina market. In addition, technological advancements and growth in application industries such as semiconductors, automotive and medical, are also driving the world market for high purity alumina. However, higher cost of production may impede the market growth in the near future, owing to the emergence of any cost alternative product into the market.nnBased on type of high purity alumina, the market is segmented into 4N, 5N and 6N. Technological developments in production processes would lead to a lower cost of production. The prices for high purity alumina are expected to decrease in the near future. In 2015, the 4N segment occupied more than half of the market share in terms of volume in global hpa market. Based on application, the market is segmented into LED bulbs, electronic displays, automotive, medical and others. Based on production technology, the market is segmented into hydrolysis and hydrochloric acid HCL leaching.nnGeographically, the market has been segmented into North America, Europe, AsiaPacific and LAMEA. In 2015, AsiaPacific occupied the largest share in the global high purity alumina, with China and Japan as major countries contributing to the growth. Increasing population coupled with rising adoption of government initiatives to save energy are significant factors leading to the growth of the high purity alumina market in the AsiaPacific region.nnThe companies have adopted agreement, acquisition, collaboration, partnership, expansion, and product amp; technology launch in order to gain a competitive advantage in this market. For example, Altech Chemicals Ltd. has primarily adopted the agreement strategy by appointing Mitsubishi Corporation as exclusive seller of high purity alumina products which has helped it to expand its geographic reach and distribute its products in the Japanese market. The key players profiled in the report include Orbite Technologies Inc., Sumitomo Chemical Co., Ltd, Baikowski SAS, Alcoa Inc., Nippon Light Metal Holdings Company, Ltd., Altech Chemicals Ltd, Zibo Honghe Chemical Co. Ltd., and Xuan Cheng Jing Rui New Material Co. Ltd.nnHIGH PURITY ALUMINA MARKET KEY BENEFITS:nnnnnnThe report provides extensive analysis of market size and factors, which drive or restrict the growth of the world high purity alumina industry.nnnnnnThe market projections for period 20152022 have been included coupled with the impacting factors.nnnnnnThe report also provides quantitative as well as qualitative trends to assist the stakeholders in understanding the market scenario.nnnnnnIndepth analyses of key segments of the market demonstrate the consumption pattern of high purity aluminum for different applications across various end user industries.nnnnnnSWOT analysis facilitates the study of internal environment of leading companies for strategy formulation.nnnnnnCompetitive intelligence highlights the business practices adopted by the leading market players across various geographies.nnnnnHIGH PURITY ALUMINA MARKET KEY SEGMENTS:nnnnnnBy Typennnnnnnnn4Nnnnnnnnnn5Nnnnnnnnnn6NnnnnnnnnnnnBy ApplicationnnnnnnnnnLED BulbsnnnnnnnnnElectronic DisplaysnnnnnnnnnAutomotivennnnnnnnnMedicalnnnnnnnnnOthersnnnnnnnnnnnBy TechnologynnnnnnnnnHydrolysisnnnnnnnnnHCLnnnnnnnnnnnBy GeographynnnnnnnnnNorth AmericannnnnnnnnnnnU.S.nnnnnnnnnnnnCanadannnnnnnnnnnnMexiconnnnnnnnnnnnnnnnEuropennnnnnnnnnnnGermanynnnnnnnnnnnnItalynnnnnnnnnnnnFrancennnnnnnnnnnnUKnnnnnnnnnnnnOthersnnnnnnnnnnnnnnnnAsiaPacificnnnnnnnnnnnnChinannnnnnnnnnnnIndiannnnnnnnnnnnJapannnnnnnnnnnnnOthersnnnnnnnnnnnnnnnnLAMEAnnnnnnnnnnnnBrazilnnnnnnnnnnnnMiddle EastnnnnnnnnnnnnAfricannnnnnnnnnnnnnn

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