High Purity Alumina Market to Reach $5.09 Billion in 2020

According to the latest market research report, high purity alumina market will reach $5.09 billion in 2020, and the compound annual growth rate is 20.1% from 2015 to 2020.

The demand for high-definition TV, smart phone, electronic sensor and LED display products is rising, and the growth of these areas has been considered the main factor of high purity alumina market growth. China's electronics market accounts for more than half the global electronics market. The demand for electronic product is growing over the past few years, which has directly affected the growth of high purity alumina demand in the Asia-pacific region.

The LED is the biggest application field of high purity alumina. In addition, semiconductor, phosphor, sapphire and other fields, are also increasing the application of alumina. We can see that the terminal area has higher and higher demand for high purity alumina.

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