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High Purity Alumina Market Trends

Report ID: GMI1254
Published Date: Jun 2024
Report Format: PDF

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High Purity Alumina Market Trends

The demand for micro-LED and quantum dot displays is growing as they are widely used in advanced electronics and next generation displays. These technologies require high purity alumina due to their superior performance characteristics, such as high brightness, energy efficiency and color accuracy. In April 2024, VueReal launched its QuantumVue Display technology, which combines its own proprietary MicroSolid Printing platform with dynamic quantum dot (QD) patterning. The increasing popularity of electric vehicles and strong emphasis on energy storage solutions are also driving the demand for high-purity alumina as it is required for high-performance fission batteries. Developments in medical applications and the surging use of implants and devices will also open new avenues for the market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for high purity alumina was worth over USD 2.8 billion in 2023 and is projected to expand at 13.2% CAGR from 2024 to 2032, led by the rising demand for LED lighting and displays.

The hydrolysis technology segment in the high purity alumina industry is projected to account for more than USD 6.2 billion by 2032, due to the strong preference for cost-effective and eco- friendly production methods.

The 4N product segment in the high purity alumina industry recorded over USD 1.6 billion in 2023 and is estimated to depict 12.9% CAGR between 2024 and 2032, owing to the rise in high-tech applications that demand exceptional quality and performance.

North America industry is projected to exceed USD 1.2 billion by 2032, attributed to robust technological advancements and the increasing demand for advanced materials in various high-tech industries.