LED Usage Drives Demand for High-Purity Alumina
July 29, 2014
According to “Global High-Purity Alumina Market 2014-2018,” a recent report available from Research and Markets, vendors need to increase investments in R&D to streamline manufacturing procedures, develop sustainable energy resources, and improve methods of extracting or recycling non-ferrous metals. Increased concerns over the environment, a looming energy crisis, and the introduction of stringent regulations have prompted vendors to focus more on R&D. This trend is expected to positively influence the global high-purity alumina market.
According to the report, the global high-purity alumina market is driven by several factors, including the growing market for energy-efficient LED lighting and LED displays. High-purity alumina is used in the manufacture of sapphire substrates for LEDs. The report also states that a major challenge is the rising cost of production, as the manufacture of high-purity alumina involves high labor and energy costs.
For more information, visit www.researchandmarkets.com.