High Purity Alumina Market to Shine Brighter with Increasing Demand in LEDs and Semiconductors, Market to Reach $5.6B by 2022
Industry Experts introduced the new market report on High Purity Alumina. As per the new report titled ‘ High Purity Alumina – A Global Market Overview ’, the LED is estimated the largest application sector in 2015 with 13.2 thousand tons valued at US$1.6 billion and forecast at 16.5 thousand tons equated to US$1.9 billion in 2016. The sector is also expected to witness the fastest growing application segment during the 2016-2022 analysis period with 18% and 12.8% CAGRs respectively for volume and value. The recent years have been witnessing increasing demand for High Purity Alumina , more so in areas that are anticipated to exhibit high rates of growth, such as display materials, energy, automobiles, computers and semiconductors. High purity alumina, with purity equal to or greater than 99.99% and uniform fine particles, finds extensive application in translucent tubes for high-pressure sodium lamps, single crystal materials such as sapphires for watch covers, high-strength ceramic t...