Growing adoption of LED lighting to drive HPA market growth through 2020

<p>According to a recently published market report, the global high purity alumina market is slated to grow at a CAGR of 27.11% by the period 2016-2020. The growing adoption of LED lighting systems and displays, changing Government regulations encouraging energy-efficient lighting systems across economies, and Increase in demand from APAC have been identified in the report as the key growth drivers of the market. <br /><br />Alumina, commonly known as aluminium oxide, is primarily used as a feedstock for the fabrication of metallic aluminium, known as smelter grade alumina (SGA). Approximately 90% of alumina is used in aluminium fabrication, and the remaining 10% is dedicated to the non-metallurgical market for industrial use. High-purity alumina, which characterizes alumina with a minimum purity of 99.99%, is the high-end product of the non-metallurgical alumina market.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/world-of-HPA.jpg" alt="News" width="517" height="226" /><span id=":8s.co" class="tL8wMe EMoHub" style="text-align: left;" dir="ltr">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <strong>Emerging Applications of HPA</strong></span><br /><br />The report says currently, three major trends are dominant in the global HPA market. These are - increase in aluminous clay resources, increasing investments in R&amp;D, and the Growing concern for environment and energy constraints. <br /><br />The market players are going to be faced by challenges from the Rising production costs of alumina, LME price volatility of aluminium affecting production plans, and rising Competition from China. <br /><br />{googleAdsense}<br /><br />The key vendors in the HPA market as identified in the report include Alcoa, Norse Hydro, Orbite Technologies, Rio Tinto Alcan, Sumitomo Chemicals, RUSAL, and&nbsp; Zibo Xinfumeng Chemicals among others. Altech Chemicals are is also gearing up to emerge as a major producer of high purity alumina.</p>