World High Purity Alumina Market to See CAGR of 18.56% to 2022, Expects Market Research Future in Its Report Available at MarketPublishers.com13 Feb 2017 • by Natalie Aster
LONDON – The market for high purity alumina (HPA) is chiefly driven by the surging demand for LED lightings and Li-ion batteries, which represent its key applications. Further, increasing HPA consumption in smartphones and smartwatches is also poised to propel the market demand. Nevertheless, rigid environmental regulations regarding bauxite residue and the existence of limited technological expertise for complex refinery processes will likely impede the growth of the sector.
Valued at USD 1,784.0 million as of 2015, the world HPA market is predicted to gain traction, registering an 18.56% CAGR through to 2022. With respect to purity level, the 4N type alumina grabbed the biggest market share (52%) as of 2015, and is poised to maintain its dominant position in the offing. The 6N segment is set to witness the most rapid growth (a 20.95% CAGR) in the years to come.
Geography-wise, the APAC region is expected to be the largest HPA marketplace globally in the offing, with its market value reaching around USD 4 billion by 2022. Due to the high potential for growth, the market is projected to see an intense degree of competition in the next 5 years.
Topical research study “Global High Purity Alumina Market Research Report- Forecast to 2022” elaborated by Market Research Future examines the HPA market worldwide.
The report gives true insights into the factors fuelling and limiting the market growth, sheds light on the major market opportunities and trends. It examines the dynamics of supply and demand, includes Porter’s market analysis, and offers a detailed analysis of the supply chain. The research offers historical and projected revenues of the market segments/sub-segments pertaining to regional and national markets. It presents historical and forecasted revenues of the market segments based on type and application. The research publication canvasses the competitive landscape, and includes comprehensive profiles of the 9 leading players operating in the industry canvassing product/business segments, key financials, recent developments, etc.
More topical reports by Market Research Future can be found in this Market Publishers’ catalogue.