There is an increase in the demand for high-purity alumina mainly due to its usage as a coating on lithium-ion battery separators. Lithium-ion batteries with high-purity alumina coated separator are widely used in various electronic devices ranging from smart speakers, smartphones, media players, laptops, and also smart wearable devices. There is an increase in the demand for lithium-ion batteries for mobile gadgets owing to their exceptional stability & compact size. Hence, increase in the demand for such batteries in growing economies is predicted to boost the requirement for high-purity alumina for lithium-ion batteries during the forecast period. These facts combined with other crucial intelligence are taken from the report, incorporated in Market Research Hub’s (MRH) all-inclusive database, titled "High-Purity Alumina Market for Lithium-ion Batteries – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027," The market for high-purity alumina for lithium-ion batteries is estimated to record an impressive CAGR of ~ 19% during the forecast period 2019 – 2027.
On the basis of region, Asia Pacific is predicted to spearhead the high-purity alumina market in 2019 owing to foreign direct investment & business expansion of firms in high growth regions such as Southeast Asia and India. Moreover, increase in population, quick urbanization, and strong economic growth are significant macroeconomic drivers of high-purity alumina market for lithium-ion batteries. Big firms and regulatory bodies across the region are boosting the usage of electric cars.
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High-purity Alumina Market for Lithium-ion Batteries: Report’s Overview
Current and future prospects of the high-purity alumina market have been focused upon & examined in the study. A detailed examination on the market dynamics, and micro trends affecting the high-purity alumina growth has been provided. Essential sections of the high-purity alumina market have been recognized and detailed examination of these sectors is mentioned in key weighted segments of the study.
The market size of the high-purity alumina for lithium-ion batteries is analyzed and given in terms of value (US$ Mn), with 2019 taken into account as the base year for estimation, and 2019 to 2027 as the forecast period. The market has been divided categorically into grade (4N, 5N, and 6N), End-use (Electronics and mobile phones), and region (Middle East & Africa, Latin America, Asia-Pacific, Europe, and Russia).
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High-purity Alumina Market for Lithium-ion Batteries: Regional Outlook & Competitive Scenario
The regional segmentation of the market has been further segmented on the basis of nations or sub-regions. Size of the high-purity alumina market, present and future, across these regions & their respective nations has been covered in the study. Nation-level examination of factors affecting growth of high-purity alumina market is included in the sections featuring regional segmentation. Regional forecast and analysis provided may help new market entrants in taking upcoming opportunities and get significant shares of high-purity alumina market for lithium-ion batteries.
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High-Purity Alumina Market for Lithium-Ion Batteries is Predicted to Clock a CAGR of 19%
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