DUBLIN–(BUSINESS WIRE)–The “Global High Purity Alumina (HPA) Market 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the global market for high purity alumina (HPA) is estimated to showcase a CAGR of 16.15% (by revenue) and 16.65% (by volume), during the projected phase of 2021-2028.
The growing preference for LED bulbs and the surge in the manufacturing of electric vehicles are key factors motivating the studied market’s progress worldwide. Additionally, the surge in investments in several end-user industries is generating multiple growth opportunities for the HPA market through the examined period.
However, the elevated cost imposed on the production of high purity alumina and stringent regulations on red mud extracts, are negatively impacting the development of the high purity alumina market.
The global high purity alumina (HPA) market includes North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa regions.
North America is expected to observe the fastest growth rate in the high purity alumina market over the evaluated phase. In the United States, the growing housing sector is anticipated to boost the demand for HPA over the assessed period. Moreover, the region is likely to observe a significant growth in the electronics and semiconductor industries, which will further boost the demand for high purity alumina. Here, the region’s growth is primarily owing to the growing demand…