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High Purity Alumina Market Size 2019 Outlook, Opportunity, and Demand Analysis Report by 2026

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athena carter
High Purity Alumina Market Size 2019 Outlook, Opportunity, and Demand Analysis Report by 2026

High purity alumina (HPA) is majorly used in production of sapphire ingots, which are further used in LED, semiconductor, and sapphire-based products. The increasing government initiatives towards energy-efficient lighting has boosted the production of LED, thereby, driving the HPA market growth.

The key driving factors behind the market growth include the declining prices of LEDs, increasing consumer awareness about its cost-effectiveness, eco-friendly aspect, and growing use in the automotive industry for applications including adaptive driving. The growth in the LED market is anticipated to positively influence the HPA consumption over the forecast period.

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The growing production of electric vehicles (EVs) is another major driver for the high purity alumina market. The demand for lithium-ion batteries is extensively increasing on account of growing EV production. This has resulted in rapid consumption of HPA, as it is used for coating the lithium-ion battery separators.

Read More@http://www.marketwatch.com/story/high-purity-alumina-market-size-2019-outlook-opportunity-and-demand-analysis-report-by-2026-2019-12-04

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