Stratview Research has recently published a report on the High Purity Alumina (HPA) Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2021 to 2026.

High Purity Alumina (HPA) Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the High Purity Alumina (HPA) Market was estimated to grow from USD 1.8 billion in 2020 to USD 4.4 billion by 2026 at a healthy CAGR of 16.5% during the forecast period.

What is High Purity Alumina (HPA)?

High purity alumina (HPA) can be defined as a high purity form of aluminium oxide. It is being widely used in the production of synthetic sapphire. Based on product, it can be categorized as 4N, 5N and 6N.

Some of the companies drives the market growth:

  • Sumitomo Chemical Co., Ltd. (Japan)
  • Sasol Limited (South Africa)
  • Baikowski (France)
  • Hebei Hengbo New Material Technology Co., Ltd. (China)
  • Nippon Light Metal Holdings Company, Ltd. (Japan)
  • Altech Chemicals Limited (Australia)
  • Polar Sapphire Ltd. (Canada).

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Market Dynamics

The global growth of high purity alumina (HPA) market size is primarily driven by widespread product usage across various applications including LEDS and electronics among others. Growing demand for lithium ion batteries in electric vehicles is expected to add to the market growth substantially. In addition to this, rising product demand in the developing countries is likely to create lucrative opportunities for the players operating in the global market during the review period.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

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