Global High Purity Alumina Will Reach $3.6 Billion in 2021

A research report about global high purity alumina market points out that high demand from LED and display screen area will promote its development in 2015-2021. According to the report, the market value of global high purity alumina was $ 1.2 billion in 2014, whose compound annual growth rate was 6.9% in the forecast period, and it is expected to reach $3.6 billion by the end of 2021.

In the forecast period, China's high purity alumina market is growing rapidly, which mainly benefits from favorable economic environment, and urgent need of technical improvement in mobile phone cameras and other electronic products fields.

From a regional perspective, the Asia-pacific region is the biggest market of high purity alumina in 2014, accounting for 60% of the proportion of the whole market. North America comes in second, accounting for 13%, followed by Europe. The latter two’s compound annual growth rate is 16.7% and 15.6% respectively in the forecast period.

According to usage, they can be classified as LED, semiconductor, phosphorus and other industries. The main areas includes North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The key markets that have great demand include LED lights, display screen, smartphones and the support from government for high purity products.

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