Global High purity alumina Market to Surpass US$ 68 64.5 Million In Terms of Revenue By 2025, With Asia Pacific Poised To Be Growth Engine © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION High Purity Alumina – Insights Plummeting costs of LEDs and increasing consumer shift towards replacing incandescent lights with LED lights, owing to their high energy efficiency and low carbon emissions is in turn expected to create highly lucrative growth prospects for the global high purity alumina market throughout the forecast period (2017–2025). Artificial sapphire is used as a substrate in production of LEDs, onto which the emitting layer of the LED is deposited as a vapor. Artificial sapphire is derived from high purity alumina by single crystal technology. As per stats released by Coherent Market Insights, the 4N purity segment was pegged at US$ 744 million in 2016. 99.99% purity level the 4N grade alumina is widely used, due to easier availability of smelter grade and low production cost. The 4N grade high purity alumina is widely used in gas separation and ultrafiltration process due to its high chemical resistance, porous nature, and mechanical strength. Moreover, demand for 5N grade high purity alumina is expected to witness significant growth during the forecast period as it finds wide application in scratch-proof sapphire glass and high end electronic displays. The market is expected to gain traction in Asia Pacific region due to burgeoning growth of various end-use industries in China, Taiwan, South Korea and India. Surging demand for Electronic Displays Augmenting Market Growth: Asia Pacific has emerged as a major manufacturing hub, with major players focusing on capitalizing on economies of scale in the region. Furthermore, the region is a highly lucrative market for consumer electronic products, on the back of rampant economic growth in countries such as India and China. Besides, as per statistics released by India Brand Equity Foundation (IBEF)—a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India— the country is poised to emerge as the second-largest market for smartphones in 2017. According to stats released by Coherent Market Insights, the electronic display market is projected to exhibit a robust CAGR of 16.9% during 2017-2025. © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Cost Reduction: A Major Challenge for Market Players: The high purity alumina is a highly capital intensive market, which creates high entry barriers for new entrants. High production costs result in high cost of end products and relatively low profitability. Thus, the market is highly consolidated and is mainly dominated by major players based in Australia and China. This is mainly attributed to large bauxite reserves —the basic raw material for production of high purity alumina—in these countries. Major players in the global high purity alumina market include Altech Chemicals Limited, Baikowski Pure Solutions, Nippon Light Metal, Polar Sapphire Ltd., Sumitomo Chemical Co. Ltd., Orbite Technologies Inc., and Alcoa Inc. and among others. Request Sample of Global High purity alumina Market: https://www.coherentmarketinsights.com/insight/request-sample/353 © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Key takeaways of the market: Asia-Pacific is projected to be the largest region in global high purity alumina market. It accounted for around 72.6% of overall high purity alumina market revenue in 2016. The market in this region is expected to be primarily driven by rampant growth of end-use industries in China, India, South Korea and Taiwan. The growing smartphones and LED display industries, are some of the key drivers for the growth of high purity alumina in the Asia-Pacific region. The market in North America is expected to register a significant growth rate over the forecast period. Increasing R&D investment and technological advancement in consumer electronics and semiconductor are expected to create lucrative growth opportunities. To Get Discount On This Report:https://www.coherentmarketinsights.com/insight/request-discount/353 Rising demand for high purity alumina in scratch proof sapphire glass is expected to boost the global market. Moreover, ceramic crucibles, integrated circuit (IC) and high strength cutting tools are various tools used in ceramics industry is expected to drive the market growth. Furthermore, strict government regulation on using energy efficient products like LED bulbs and high performance display in smartphones and television is estimated to double the market. Altech Chemicals Limited, Baikowski Pure Solutions, Nippon Light Metal, Polar Sapphire Ltd., Sumitomo Chemical Co. Ltd., Orbite Technologies Inc., and Alcoa Inc. are few of the key players in global high purity alumina market. © Coherent market Insights. All Rights Reserved High Performance Polyamides Market Outlook- Asia-Pacific is expected to be the top investment destination for key market players Region-wise, the global high performance polyamides market is classified into North America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific region currently dominates the global high performance polyamides industry, both in terms of value and volume, owing to the growing demand from various end-user industries such as pharmaceuticals, automotive, and electrical & electronics from countries such as China and India. Also, the large presence of major manufacturers in the region drives growth of the market for high performance polyamides in the Asia-Pacific region. Request To View The Table of content:https://www.coherentmarketinsights.com/ongoing-insight/toc/350 The key players identified in the global high performance polyamides market are BASF SE, Kuraray Co., Ltd., Royal DSM N.V., Evonik Industries AG, E.I. DuPont de Nemours and Company, Solvay S.A., SABIC, Arkema SA, Lanxess AG, EMS Grivory and Mitsui Chemicals. Others players present in the market are EMS-Chemie Holding AG, Mitsubishi Gas Chemical Company, Inc., Toyobo Co., Ltd., Zhejiang NHU Co., Ltd., and Ube Industries, Ltd. Key players in the global high performance polyamides market are currently focused on strategic investments and expansion strategies to enhance their production capabilities. For instance, in September 2016, Arkema SA expanded its existing specialty polyamides production capacity in China and U.S., through an investment of US$ 10.6 million. Furthermore, in February 2016, Evonik Industries AG announced plans to build a new plant in Germany for production of polyamide 12 powder under the brand name Vestosint. © Coherent market Insights. All Rights Reserved ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. 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The Global High Purity Alumina Market was valued at US$ 1764.9 Million in 2016, according to a new report published by Coherent Market Insights. Burgeoning growth in use of high purity alumina across various end-use industries such as electronic display, synthetic sapphire, semiconductors, and phosphorus are attributable to the projected rampant growth of the market over the forecast period. The growing demand for LED lights and advanced electronic display further lends traction to the high purity alumina market. Inclination of various governments towards replacing conventional lighting fixtures using incandescent bulbs with LED bulbs—due to their low carbon emissions and low power consumption, both of which are pegged at a quarter of that of the former—is further expected to augment growth of the global high purity alumina market.