High Purity Alumina Market Size Share Analysis 2022-2029

High Purity Alumina Market Size Share Analysis 2022-2029

Global High Purity Alumina Market is segmented by By Technology (Hydrolysis, Hydrochloric Acid Leaching), By Grade (4N, 5N, 6N), By Application (Light Emitting Diode, Semiconductor, Phosphor, Sapphire, Others), By End-Use (Electronics (Laptops/Tablets, Mobile Phones, UPS), Automotive (Electric Vehicles, Brand-company-owned web portals Plug-in Hybrid Electric Vehicles)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

2021-06-29

Increasing use of sapphire glass in high-end smartphones

The increasing use of sapphire glass in high-end smartphones would propel the demand for high purity alumina during the forecast period. The sapphire substrates have seen a surge in demand for end-products along with LED products, owing to applications as watch cover, front cover in high-end mobile devices, and industrial windows. In the last few years, sapphire has been a key component in the LED industry, with market demand influenced by lens cover applications in digital cameras, home buttons on smartphones, and smart wearables such as the Apple watch. The high purity alumina demand is set to rise sharply on the back of its role in the production of synthetic sapphire, which has a rapidly growing number of high‐technology applications.

Sapphire glass used in wearable devices commands a premium price, so growth in the specific product segment would help increase high purity alumina industry revenues. In addition, sapphire glass is used in the traditional watch industry, with adoption as watch cover glass manufacturers. Further, the sapphire industry supply is large enough to meet client demands. Since there are high volume smartphone demands, any phone component that incorporates sapphire would present new opportunities of application and growth for the high purity alumina market. The companies are focused on new product launch to maintain their competitive edge in the sapphire industry over other market players. For instance, in 2017, Verizon introduced Kyocera DuraForce Pro with Sapphire Shield display.

Growing adoption of led lighting systems

The rising demand for high-purity alumina in LEDs is propelled by the growing adoption of LED lighting technology on a global basis. According to the U.S Department of Energy in 2017, from 2014 to 2016, installations of LED products have increased in all applications, more than quadrupling to 874 million units, increasing penetration to 12.6% of all lighting. In addition, the increased penetration of LED lighting in 2016 provided approximately 469 trillion British thermal units (tBtu) in annual source energy savings, which is equivalent to an annual cost savings of about USD 4.7 billion. Increased replacement of incandescent filament bulbs with LED lighting systems, which are more energy-efficient, higher in longevity, and has significantly lower operating costs than incandescent filament bulbs, has increased the adoption and penetration rate for LEDs. Rising demand for power efficient lighting systems across industries, growing concern over the depletion of non-renewable sources of power, and declining prices of LED lights are some of the major factors that drive the growth of the global LED industrial lighting market. The growing popularity of smart lighting systems also helps industries optimize the use of light and power, influencing the growth prospects of the high purity alumina market.

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Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866

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