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High Purity Alumina Market to be driven by soaring demand for Hybrid Vehicles

High purity alumina comes across as one of the high purity forms of Aluminum Oxide and finds its applications in non-metallurgical operations. It is used as one of the base fundamental materials for manufacturing sapphire substrates, which do have multiple applications. It is used for manufacturing a broad range of products like scratch-resistant sapphire glasses for smartwatches & smartphones, lithium-ion battery separators, plasma display screens, semiconductors, sodium lamps, hybrid cars, electric vehicles, optical lenses, and likewise.

LED-based lighting solutions are being adopted due to their value-added features inclusive of durability, reliability, low heat radiation, and brightness.

Research states that in the year 2020, hydrolysis did generate more than US$ 1 Bn in the high purity alumina market. Addition of alcohol to aluminum results in the formation of aluminum alkoxide, which further results in alumina getting synthesized. Thereafter, calcination results in the final synthesis. Hydrolysis results in curtailment of operational costs and the acids that were wasted in the manufacturing process could be reused. Persistence Market Research has mentioned these details with insights in its latest market study entitled “High Purity Alumina Market”.Care Management Solutions Market

High Purity Alumina Market Segregation

The global high purity alumina market, by the level of purity, spans 6N, 5N, and 4N. Application-wise, it’s LED, semiconductor, sapphire, phosphor, and likewise. Out of these, 4N holds the largest market share due to it possessing lower percentages of Aluminum Oxide (Al2O3) as compared to 6N and 5N. The application areas include electronic displays and LED bulbs. There are stern regulations in place on using light sources using less energy, which has, in turn, resulted in a paradigm shift (to the above-mentioned 4N). Persistence Market Research has entailed these facts with insights in its latest market study entitled “High Purity Alumina Market”.

Region-based Analysis

North America and Europe are at the matured stage of the high purity alumina market. However, the Asia-Pacific is expected to grow at the fastest rate in the high purity alumina market in the upcoming period. This could be credited to economical labor, followed by cheaper raw materials. The other reasons are growing applications of electronics along with LED lights being increasingly adopted all across. It needs to be noted that high purity alumina is used in Li-ion batteries, which, in turn, are widely used in automotive at a large scale. Persistence Market Research has mentioned these facts with insights in its latest market study entitled “High Purity Alumina Market”.

Competitive Composition

Persistence Market Research has profiled the key players in high purity alumina market as Sumitomo Chemical Co., Ltd., Sasol Ltd., Bakowski, Nippon Light Metal Co. Ltd., HMR, Co., Ltd., Hebei Heng Bo New Material Technology Co., Ltd., Xuancheng Jingrui New Material Co., Ltd., and Dalian Hiland Photoelectric Material Co., Ltd. It has gone further by mentioning governments and the research organizations, construction companies, and raw materials and distributors going for inorganic expansion to stay put in the high purity alumina market.

What further?

The global high purity alumina market is likely to grow on a steady note between 2021 and 2031 – Persistence Market Research

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