The global High Purity Alumina Market size was USD 1.85 Billion in 2021 and is expected to register a revenue CAGR of 20.7% over the forecast period, according to the latest report by Reports and Data.
A rise in end-use industry investment in high-purity aluminium adoption due to the metal's diverse applications is anticipated to fuel market revenue growth. By using aluminium plating as a surface finishing choice to enhance and protect the surface of other structural metals and composites, the performance of the material in the end-use environment can be improved.
The intermetallic coating made from pure aluminium can be heat-treated to have a working temperature range of up to 900°C and strong wear and abrasion resistance. Pure aluminium is being used more frequently in a variety of everyday items, including window frames, power lines, cars, and culinary utensils. The aviation sector has a significant need for pure aluminium as well.
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Key Highlights from the Report:
The report highlights several key points in the coal power industry. Firstly, the pulverized coal systems segment held the highest revenue share in 2022. These systems are popular due to their high efficiency and ability to generate large amounts of power. They are also cost-effective and easy to install in existing power facilities. The increasing energy demand in emerging nations, along with affordable coal prices, is expected to drive revenue growth in this segment throughout the projected period.
Secondly, the industrial sector emerged as the top revenue contributor in 2022. Coal power plays a crucial role in meeting the electricity needs of energy-intensive industries such as steel, cement, and iron. It is also utilized to power heavy-duty equipment. As a result, the industrial sector consumes the largest share of coal power, and demand is projected to witness significant growth in the foreseeable future.
Lastly, the Asia Pacific market dominated with the highest revenue share in 2022. Countries like China and India, where energy demand is surging, are expected to witness a rise in coal power generation. The region heavily relies on coal as a primary energy source, and the ongoing industrialization and urbanization are anticipated to drive a substantial demand for electricity. China, known for its significant coal consumption, is poised to play a major role in the coal-fired power production market. However, it is worth noting that the Chinese government's focus on energy security and promotion of renewable energy sources might influence the growth of coal power production in the region.
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The global High Purity Alumina market is segmented into:
Type Outlook (Revenue, USD Billion; 2019-2030)
- 4N
- 4N5
- 5N
- 5N5+
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Building Construction
- Industrial Machinery Equipment
- Consume General Products
- Electrical Electronics
- Transportation
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- LED Bulbs
- Semiconductor Substrate
- Li-ion Batteries
- Optical Lenses
- Bio-Medical Devices
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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