High Purity Alumina Market Is Forecast To Reach $6.41 Billion By 2024
San Francisco, 22 February 2019 – “High Purity Alumina Market Analysis By Product (4N, 5N, 6N), By Application (Light Emitting Diodes, Semiconductors, Phosphor, Sapphire) And Segment Forecasts To 2024” The global high purity alumina market is expected to reach USD 6.41 billion by 2024, according to a new report by Grand View Research, Inc. Substantial demand for the product in plasma displays as it is a cost-effective and an energy efficient substitute for traditional materials including incandescent light bulbs is expected to drive demand. Moreover, growing demand for plasma displays is projected to propel the growth of the market over the forecast period. High purity alumina is an essential base material for artificial sapphire substrates, which are used in numerous electronics. Growing demand for high purity alumina in niche applications including medical, precision optics and defense is expected to drive demand over the forecast period. Moreover, increa...