Industry Experts, Inc., has released its latest market research report on High Purity Alumina Market, which projects the demand for the same to be estimated at US$3.7 billion in 2024 and projected to reach US$9.9 billion by 2030 at a CAGR of 17.9% between the two years.Some of the factors driving demand for High Purity Alumina (HPA) include growth in demand for energy-efficient lighting, exponential increase in the number of electric vehicles (EVs) being manufactured & sold and advancements in the electronics & semiconductors sectors. The demand for LED bulbs as eco-friendly and energy-conserving sources of lighting has witnessed considerable growth in recent times, signifying a trend that will continue. HPA is a major component in LED bulbs, used to create the substrate, which is the foundation upon which the LED chip is mounted. This chip is typically made of synthetic sapphire that itself is derived from high purity alumina. LED bulbs offer enhanced efficiency and performance due to excellent heat dissipation and optimal light emission because of HPA's high thermal conductivity and optical clarity, making it a critical part of these bulbs.
The report studies the High Purity Alumina market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, the United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific) and Rest of World.
The market for major purity levels of High Purity Alumina analyzed in this report include 4N, 5N and 6N. The study also examines the market for High Purity Alumina by technology, comprising Hydrolysis, Hydrochloric Acid (HCl) Leaching and Other Technologies (Incl. Thermal Decomposition & Vapor-Phase Oxidation). With regard to applications, the High Purity Alumina market is analyzed for LED Bulbs & Lighting, Lithium-ion (Li-ion) Batteries, Phosphors, Sapphire Glass, Semiconductor Substrates and Other Applications (Incl. Biomedical Devices, Optical Lenses & Technical Ceramics).
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For the full report visit: [URL=https://industry-experts.com/verticals/chemicals-and-materials/high-purity-alumina-a-global-market-overview]Click Here[/URL] https://industry-experts.com/verticals/chemicals-and-materials/high-purity-alumina-a-global-market-overview