The high-purity alumina market promises robust growth during 2019-2027 as demand for electric vehicles and production of light emitting diode surges. The market is expected to reach a valuation of US$ 453 mn by 2027, growing at a notable CAGR of 19.2%. High purity alumina finds robust application in sapphire ingots, which is expected to remain a key driver of the market in the near future.

Key players in the market including Altech Chemicals Ltd., Nippon Light Metal Co. Ltd., Zibo Honghe Chemical Co. Ltd., Sumitomo Chemical Co., and Xuan Cheng Jing Rui New Material Co., Ltd, are engaging in new investments and mergers to open up new possibilities for growth.

Key Application in Lithium Batteries to Remain Most Lucrative Growth Prospect

Lithium-ion batteries are composed of negative electrodes, and positive electrodes. These contain a separator which keeps these two poles apart for its smooth operations. The battery operator make up for as much as 40% of the cost for the batteries. The growing demand for high-purity alumina for lithium ion-batteries and their various benefits over alternatives are expected to drive significant growth. Their myriad of benefits like long life cycle, chemical stability, and high thermal stability are ideal for applications such as electric vehicles. The promising horizon of electric vehicles with major investments by all global vehicle manufacturers, stringent regulatory environment will promise new opportunities for players in the high-purity alumina market.

4N Segment Shows Major Promise for Growth

The 4N segment has registered robust growth conventionally in the high-purity alumina market. The occupied the leading share in the market in 2018. Moreover, the grade exhibits high purity levels, reaching an extremely low percentage (0.01%) impurity in the final product. Their sophistication and reliability makes them ideal for high-cost but promising products such as LED lighting solutions, lithium-ion batteries, energy storage capacitors, and bright-finish applications among others. Moreover, surging demand for mobile devices, and horizons of 5G will also promise more growth for the segment during the forecast period.

China has already rolled out 5G infrastructure across the country, with countries like Germany, and the US following suit. The 5G technology is making way for more IoT adoption with initiatives like IoV in places like Taiwan, where it has helped reduce road fatalities with applications like Big Data analysis.

The information shared in this review is based on a TMR report, bearing the title, High-purity alumina (for lithium-ion batteries) market (Grade - 4N, 5N, and 6N; End use - Electronics and Automotive) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 to 2027 

Request for Discount on This Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=73762

The global high-purity alumina (for lithium-ion batteries) is segmented based on:

Grade

• 4N
• 5N
• 6N

End Use

• Electronics
• Automotive

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems withright methodology of research is the key tohelp enterprises reach right decision.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com