DUBLIN--(BUSINESS WIRE)--The "Global High Purity Alumina (HPA) Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.
According to this report, the global market for high purity alumina (HPA) is estimated to showcase a CAGR of 16.15% (by revenue) and 16.65% (by volume), during the projected phase of 2021-2028.
The growing preference for LED bulbs and the surge in the manufacturing of electric vehicles are key factors motivating the studied market's progress worldwide. Additionally, the surge in investments in several end-user industries is generating multiple growth opportunities for the HPA market through the examined period.
However, the elevated cost imposed on the production of high purity alumina and stringent regulations on red mud extracts, are negatively impacting the development of the high purity alumina market.
The global high purity alumina (HPA) market includes North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa regions.
North America is expected to observe the fastest growth rate in the high purity alumina market over the evaluated phase. In the United States, the growing housing sector is anticipated to boost the demand for HPA over the assessed period. Moreover, the region is likely to observe a significant growth in the electronics and semiconductor industries, which will further boost the demand for high purity alumina. Here, the region's growth is primarily owing to the growing demand for LED bulbs, smartphones, smartwatches, and others.
Key Topics Covered:
1. Global High Purity Alumina (HPA) Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. North America is the Most Promising Regional Market
2.2.2. Li-Ion Batteries is Anticipated to Grow With the Highest CAGR
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.2. Product Launch
2.6.3. Partnership & Agreements
2.6.4. Business Expansion
2.7. Market Drivers
2.7.1. Growing Preference for Led Bulbs
2.7.2. Rise in Manufacturing of Electric Vehicles (Evs)
2.8. Market Restraints
2.8.1. High Costs Charged on Production
2.8.2. Stringent Rules on 'Red Mud' Extracts
2.9. Market Opportunities
2.9.1. Rise in Investment in End-User Industries
2.10. Impact of COVID-19 on High Purity Alumina (HPA) Market
3. Global High Purity Alumina (HPA) Market Outlook - by Type
3.1. 4N HPA
3.2. 5N HPA
3.3. 6N HPA
4. Global High Purity Alumina (HPA) Market Outlook - by Technology
4.2. Hydrochloric Acid Leaching (Hcl)
5. Global High Purity Alumina (HPA) Market Outlook - by Application
5.1. Led Bulbs
5.2. Semiconductor Substrate
5.3. Li-Ion Batteries
5.4. Optical Lenses
5.5. Biomedical Devices
5.6. Other Applications
6. Global High Purity Alumina (HPA) Market - Regional Outlook
6.1. North America
6.4. Latin America
6.5. Middle East and Africa
7. Competitive Landscape
8. Methodology & Scope
8.1. Research Scope & Deliverables
8.2. Sources of Data
8.3. Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/vmzkcp.