Global high purity alumina market in 2015 market value of 1.784 billion US dollars, by 2022 is expected to grow to 58.612 billion US dollars, the compound annual growth rate of 18.5%.
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Asia-Pacific region and China will become the biggest engine of market growth. During the assessment period, 4N category accounted for the largest share of revenue; LED in the consumer market accounted for the largest proportion.
High purity alumina (HPA) is also a non-metallurgical grade alumina (Al2O3), is a very high purity alumina, purity grade from 99.99% to 99.9999%. Mainly used in industrial and high-tech special terminal areas.
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Asia-Pacific region has a significant development potential of high purity alumina market. 2015, accounting for 65% of the world’s largest market share. The emergence of a large number of high-purity alumina producers will achieve a compound annual growth rate of 20.75% by 2022. There is also an increasing number of cheap labor and applications. North America and Europe followed.
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The major producers of high purity alumina are Alcoa, Sumitomo Chemical, Nippon Light Metal Holdings, Lubon Industry Co.,Ltd, Sasol Limited, Altech Chemicals and Hebei Pengda New Material Technology Co., Ltd., and so on.
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