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According to the latest data released by MarketsandMarkets, an international market research institution, the global high-purity alumina market will grow at a compound annual growth rate of 27.
11%
from 2016 to 2020.
Alumina, commonly known as Al2O3, is mainly used as a raw material for the manufacture of metallic aluminum, also known as smelting grade alumina (SGA).
About 90% of alumina is used in aluminum smelting and the remaining 10% is used for industrial use
in non-metallurgical markets.
High-purity alumina refers to the alumina content of 99.
99%, which is a high-end product
in the non-metallurgical alumina market.
Alumina is widely used in various industries
.
Many diversified chemical companies also produce and sell high-purity alumina.
Alumina
is required for the production of light-emitting diodes, scratch-resistant glass, semiconductor chips and wafers.
Its use in plasma displays also makes it a high-value product
for the electronics industry.
According to the report, the growth of LED lighting systems and displays is the biggest factor
promoting the development of the high purity alumina market.
