Global High Purity Alumina Market to reach US$4bn by 2025 High Purity Alumina (HPA) Market

High Purity Alumina Market to grow at 15.8% CAGR
from 2018 to 2025: Global Market Insights Inc.
High Purity Alumina Market to surpass USD 4 billion by 2025; driven by increasing
adoption of LED bulbs over conventional bulbs. HPA is the product of many steps of
smelter grade alumina (SGA) purification, which is traditionally extracted via Bayer
process, that relies on dissolving minerals from bauxite with caustic soda followed by
chemical isolation of the product. The high brightness property of HPA is useful in
creation of more efficient and environment friendly lighting solutions and facilitate
advertisement display solutions. Synthetic sapphire obtained from verneuil process,
a flame fusion process that uses HPA powder for manufacturing synthetic
gemstones, are equivalent to natural sapphires. Therefore, increasing usage of the
product as a base to produce sapphire substrates will propel high purity alumina
market in coming years.
Some of the crucial challenges of the global high purity alumina market involve
expensive feedstock, scarcity and high cost of skilled workforce, strict government
regulations and high energy cost required, which will subsequently result in high
pricing of finished products and a relatively low profitability. Due to this, the high
purity alumina market is mainly dominated by China due to presence of large bauxite
reserves in the region.
High Purity Alumina Market
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