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Europe High Purity Alumina Market To Witness Accelerated Growth by 2027

Europe High Purity Alumina Market To Hit USD 450 Mn By 2027. The use of high-end consumer electronics is rising, which will boost Europe high purity alumina (HPA) market potential in the coming years. HPA is used for several non-metallurgical purposes as a base material for producing sapphire substrates. These substrates have a high number of applications in plasma display screens, LED panels & lights, scratchproof glass displays for watches and smartphones, among many others.

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Europe High Purity Alumina Market To Witness Accelerated Growth by 2027

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  1. Europe High Purity Alumina Market is Projected to Record CAGR of 13% by 2027 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Europe High Purity Alumina Market To Hit USD 450 Mn By 2027. The use of high-end consumer electronics is rising, which will boost Europe high purity alumina (HPA) market potential in the coming years. HPA is used for several non-metallurgical purposes as a base material for producing sapphire substrates. These substrates have a high number of applications in plasma display screens, LED panels & lights, scratchproof glass displays for watches and smartphones, among many others. • HPA is among the purest forms of aluminum oxide that is achieved through the introduction of industrial alcohol to aluminum metal. This produces aluminum alkoxide. The next step is the calcination process that produces what is now called high purity alumina. There are different HPA products that are used for a wide range of purposes and have different purity levels. • The ongoing COVID-19 pandemic had a notable effect on the production of and demand for HPA in Europe. Many construction projects had to be stopped midway due to the lockdowns and movement restrictions imposed by regional governments. There was a severe shortage of raw materials and labor force, which adversely affected the manufacturing of LED products. Since HPA is an important component in these products, the consumption of this material also took a hit. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://urlzs.com/Y16ut • Request for customization @ https://urlzs.com/4K3Y2 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. However, with the situation in Europe showing signs of improvement, the production of LED components is expected to pick up pace, which will have a positive impact on the manufacturing of HPA. This factor will play an important role in helping Europe HPA market reach $450 million in valuation by 2027. • HPA products like 5N, 4N, and 6N are quite popularly used by manufacturers across different sectors. Europe HPA industry size from 4N products will record a significant CAGR of 13% up to 2027. The need to install a lighting infrastructure that is highly energy-efficient in nature is witnessing sharp progress. • Today, LED bulbs are a more preferred product as compared to the conventional ones because they save energy while offering adequate brightness at the same time. The purity level of 4N HPA products stands at 99.99% and they are popularly used in scratch-resistant sapphire glass, LED panels, and lithium-ion batteries. • Europe HPA market share from LED application is set to be valued at $200 million by 2027. Energy-efficiency is one of the main goals of the regional governments to combat environmental issues like climate change and global warming. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Segments of Europe High Purity Alumina Market ; • Europe Market, By Product • 4N • 5N • 6N • Europe Market, By Application • LEDs • Semiconductor • Phosphor • Sapphire • Others ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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