The report "High Purity Alumina Market by Purity Level (4N, 5N, 6N), by Application (Light Emitting Diode, Semiconductor, Phosphor, Sapphire, Others), by Region (Asia Pacific, North America, Europe, Rest of the World) - Global Forecast to 2020", The global high purity alumina (HPA) market is projected to reach USD 5.09 Billion by 2020, at a CAGR of 20.1% from 2015 to 2020. The increasing applicability of high purity alumina among varied end-user applications, such as LEDs, semiconductors, phosphor, and sapphire, among others is expected to drive the market for high purity alumina during the forecast period.

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The key players in this market are Altech Chemicals Limited (Australia), Alcoa Inc.(U.S.), Orbite Technologies Inc.(Canada), Rusal ( Russia), Sumitomo Chemical Co.Ltd.(Japan) and among others.

Among types, the 4N segment led the High Purity Alumina (HPA) market

Among types, the 4N segment led the global High Purity Alumina (HPA) in 2014, and accounted for the maximum market share in terms of volume. This segment is projected to grow at the highest CAGR during the forecast period.

Increase in demand of High purity alumina from the LED industry

The LEDs application segment led the global High Purity Alumina (HPA) market in 2014 and is projected to grow at the highest CAGR between 2015 and 2020. The growing adoption of LED in to industrial applications (i.e. home lighting, televisions, hybrid cars and electric vehicles) is driving demand for LEDs.

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Asia-Pacific to lead the High Purity Alumina (HPA) market

In terms of value, Asia-Pacific led the High Purity Alumina (HPA) market in 2014 and accounted for the maximum market share. In terms of volume, the High Purity Alumina (HPA) market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Recently, various industries have shifted their manufacturing units to the Asia-Pacific region, due to availability of labor and raw materials. This is expected to drive growth of the High Purity Alumina (HPA) market in the region.

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