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High Purity Alumina Market Trends, Top Companies

The High Purity Alumina Global Market Report 2023 by The Business Research Company, provides high purity alumina market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s High Purity Alumina Global Market Report 2023, the market size is expected to grow from$2.03 billion in 2022 to $2.44 billion in 2023 at a compound annual growth rate (CAGR) of 20.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global high purity alumina market size is expected to reach $4.79 billion in 2027 at a CAGR of 18.4%.

The growing electronics and semiconductor industries are expected to propel the high-quality alumina market going forward. Semiconductors are substances with conductivity intermediate between that of conductors (often metals) and that of non-conductors or insulators (such as most ceramics), whereas, an electronic device is any tool used for text, audio, or video communication or any other sort of computer or gadget with computer-like capabilities. High-purity alumina is used in the production of various electronics and semiconductor components due to its excellent mechanical strength, heat resistance, abrasion resistance, and insulation properties that enhance the quality of components.

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The high purity alumina market is segmented:

1) By Type: 4N, 5N, 6N

2) By Technology: Hydrolysis, Hydrochloric acid

3) By Application: LED Bulbs, Semiconductor Substrate, Li-ion Batteries, Optical Lenses, Bio Medical Devices, Other Applications

Product innovation is a key trend in the high-quality alumina market. Major companies operating in the high-quality alumina market are advancing toward developing innovative products. For instance, in April 2022, Tethon Corporation Inc., a US-based company operating in ceramics additive manufacturing partnered with Showa Denko America, Inc., a US-based semiconductor manufacturing company, introduced high-purity alumina for ceramic additive manufacturing. The first UV resin created jointly by the two businesses, the alumina substance has a ceramic loading of about 75% by volume and 90% by weight, which is reportedly 25% greater than alternative materials from competitors. The shrinkage in the x, y, and z axes is claimed to be less than 10% after sintering because of this increased loading.

The high purity alumina market report table of contents includes: