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High Purity Alumina Market to Witness a Pronounce Growth During 2018 to 2026

Key Highlights:

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Key Drivers for High-purity Alumina Market for Lithium-ion Batteries:

4N Segment to Gain Momentum:

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Automotive Segment to Expand at Considerable Pace:

Asia Pacific Dominates Global High-purity Alumina Market for Lithium-ion Batteries:

Competitive Landscape:

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The global high-purity alumina market for lithium ion batteries is anticipated to be consolidated with few players accounting for large share of the market. The players operating in the market depict a medium to low level of forward integration. High costs of manufacturing coupled with high degree of technical knowledge required to manufacture high purity alumina is anticipated to reduce the threat of new players in the market. The top five players operating in the market accounted for a combined market share of 39% in 2018. These players are Sumitomo Chemical Co., Ltd., Hebei Heng Bo New Material Technology Co. Ltd., Sasol Ltd., Baikowski SAS, and Xuan Chen Jing Rui New Material Co., Ltd.

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