Global High Purity Alumina Market Will Increase by 27%

The latest reports suggest that by 2020, the compound annual growth rate of global high purity alumina market will reach 27.11%. In the next five years (2016-2020), LED lighting system and the growth of display devices will promote the market development of high purity alumina.

Alumina, commonly known as Al2O3, is mainly used as metal aluminum material, also known as metallurgical grade alumina (SGA). About 90% of alumina are used for aluminum smelting, and the remaining 10% are often used in the non-metallurgy market. High purity alumina refers to aluminum oxide whose content reach 99.99%, which is the high-end product in the non-metallurgy market.

Alumina is widely used in all walks of life. Many diverse chemical enterprises also make the production and sales of high purity alumina. Light emitting diode, scratch-resistant glass, semiconductor chips and wafer production all need alumina. Its applications in the plasma display also make it become the high value product in the electronics industry.