Europe High Purity Alumina Market To Witness Accelerated Growth by 2027 - PowerPoint PPT Presentation

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Europe High Purity Alumina Market To Witness Accelerated Growth by 2027

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Europe High Purity Alumina Market To Hit USD 450 Mn By 2027. The use of high-end consumer electronics is rising, which will boost Europe high purity alumina (HPA) market potential in the coming years. HPA is used for several non-metallurgical purposes as a base material for producing sapphire substrates. These substrates have a high number of applications in plasma display screens, LED panels & lights, scratchproof glass displays for watches and smartphones, among many others. – PowerPoint PPT presentation

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Title: Europe High Purity Alumina Market To Witness Accelerated Growth by 2027


1

Europe High Purity Alumina Market is Projected to
Record CAGR of 13 by 2027
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  • Europe High Purity Alumina Market To Hit USD 450
    Mn By 2027. The use of high-end consumer
    electronics is rising, which will boost Europe
    high purity alumina (HPA) market potential in the
    coming years. HPA is used for several
    non-metallurgical purposes as a base material for
    producing sapphire substrates. These substrates
    have a high number of applications in plasma
    display screens, LED panels lights,
    scratchproof glass displays for watches and
    smartphones, among many others.
  • HPA is among the purest forms of aluminum oxide
    that is achieved through the introduction of
    industrial alcohol to aluminum metal. This
    produces aluminum alkoxide. The next step is the
    calcination process that produces what is now
    called high purity alumina. There are different
    HPA products that are used for a wide range of
    purposes and have different purity levels.
  • The ongoing COVID-19 pandemic had a notable
    effect on the production of and demand for HPA in
    Europe. Many construction projects had to be
    stopped midway due to the lockdowns and movement
    restrictions imposed by regional governments.
    There was a severe shortage of raw materials and
    labor force, which adversely affected the
    manufacturing of LED products. Since HPA is an
    important component in these products, the
    consumption of this material also took a hit.

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  • However, with the situation in Europe showing
    signs of improvement, the production of LED
    components is expected to pick up pace, which
    will have a positive impact on the manufacturing
    of HPA. This factor will play an important role
    in helping Europe HPA market reach 450 million
    in valuation by 2027.
  • HPA products like 5N, 4N, and 6N are quite
    popularly used by manufacturers across different
    sectors. Europe HPA industry size from 4N
    products will record a significant CAGR of 13 up
    to 2027. The need to install a lighting
    infrastructure that is highly energy-efficient in
    nature is witnessing sharp progress.
  • Today, LED bulbs are a more preferred product as
    compared to the conventional ones because they
    save energy while offering adequate brightness at
    the same time. The purity level of 4N HPA
    products stands at 99.99 and they are popularly
    used in scratch-resistant sapphire glass, LED
    panels, and lithium-ion batteries.
  • Europe HPA market share from LED application is
    set to be valued at 200 million by 2027.
    Energy-efficiency is one of the main goals of the
    regional governments to combat environmental
    issues like climate change and global warming.

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5
Segments of Europe High Purity Alumina Market
  • Europe Market, By Product
  • 4N
  • 5N
  • 6N
  • Europe Market, By Application
  • LEDs
  • Semiconductor
  • Phosphor
  • Sapphire
  • Others

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About Graphical Research Graphical Research is
a business research firm that provides industry
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