According to a market report by Lucintel, the future of the high purity alumina market looks promising with opportunities in the LED, semiconductor, phosphor, and sapphire applications. The high purity alumina market is expected to grow with a CAGR of 20% from 2019 to 2024. The major growth drivers for this market are growing demand for high purity alumina from various industries due to it’s properties, such as chemical & thermal stability, high strength, and thermal & electrical insulation.
Within the high purity alumina market, LED, semiconductor, phosphor, sapphire, and others are the major application segments. LED is the largest application segment for high purity alumina.
4N, 5N, and 6N are the major purity level segments of the high purity alumina market.
The Asia Pacific region will remain the largest market over the forecast period due to the shift of manufacturing units of various industries and the availability of labor and raw materials.
Altech Chemicals Ltd., Alcoa Inc., Orbite Technologies, Sumitomo Chemical Co., Ltd., Baikowski Pure Solutions, Nippon Light Metal Company Ltd., Rusal, Sasol, Xuancheng Jingrui New Material Co., Ltd., and Dalian Hiland Photoelectric Material Co., Ltd. are among the major manufacturers of high purity alumina.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the high purity alumina market by purity level, application, and region. Lucintel has prepared a comprehensive research report entitled "High Purity Alumina Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the high purity alumina market by purity level, application, and region as follows:
By Purity Level [$M shipment analysis for 2013 – 2024]:
• 4N
• 5N
• 6N
By Application [$M shipment analysis for 2013 – 2024]:
• LED
• Semiconductor
• Phosphor
• Sapphire
• Others
By Region [$M shipment analysis for 2013 – 2024]:
• North America
− The US
− Canada
− Mexico
• Europe
− Germany
− Spain
− France
− The United Kingdom
− Russia
• Asia Pacific
− China
− Japan
− India
− South Korea
− Thailand
• Rest of the World
More than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the high purity alumina market by purity level (4N, 5N, and 6N), application (LED, semiconductor, phosphor, sapphire, and others), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the high purity alumina market?
Q.5 What are the business risks and threats to the high purity alumina market?
Q.6 What are emerging trends in this high purity alumina market and the reasons behind them?
Q.7 What are some changing demands of customers in the high purity alumina market?
Q.8 What are the new developments in the high purity alumina market? Which companies are leading these developments?
Q.9 Who are the major players in this high purity alumina market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this high purity alumina area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in this, high purity alumina market?