High Purity Alumina Market Segmentation:
Application Segment Analysis
The global high purity alumina market is segmented and analyzed for demand and supply by application into LED blubs, semiconductor substrate, li-ion batteries (lithium ion battery), optical lenses, and bio medical devices. Out of which, the li-ion batteries segment is anticipated to garner the highest revenue by the end of 2035. The growth of the segment can be attributed to growing adoption of electric vehicles. Additionally, the construction of new EV battery manufacturing facilities is receiving significant investment from automakers all across the world, which is expected to increase HPA usage. Moreover, other than electric vehicles the li-ion batteries are used in wireless headphones. Therefore, growing demand for wireless headphones is also estimated to boost the segment growth. By 2021, sales of true wireless hearables (TWS) had risen to slightly about 299 million units globally. As of 2021, Apple had over 39% of the market among TWS vendors, leading the industry. Further, with the growing trend of smartphones, bluetooth has become new standard in transmitting audio. Hence, this could be the major factor boosting the demand for wireless earphones.
Type Segment Analysis
The global high purity alumina market is also segmented and analyzed for demand and supply by type into 4H high purity alumina, 5N high purity alumina, and 6N high purity alumina. Amongst which, the 4N high purity alumina segment is anticipated to grow significantly over the forecast period, backed by its growing use in LED light. Additionally, there has been growing government initiatives to make people adopt LED light, hence further boosting the segment growth. Moreover, throughout the projected period, the segment is expected to be driven by growth in the lighting and EV industries. Moreover, growing demand for electric vehicles and rising government policies to boost its adoption is estimated to increase the growth of the segment.
Our in-depth analysis of the global market includes the following segments:
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