Global Aluminium Nitride Market was valued at USD xxMn in 2019 and is expected to reach USD xxMn by 2027 at a CAGR of 5.3% over the forecast period 2020-2027.
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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Aluminium Nitride Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Aluminium Nitride Market overview
Aluminium Nitride is also know a semiconductor nitrides are majorly used in opto-electronics devices and have been viewed as promising materials in electrical & electronic industry in different potential applications. Manufacturersare inclined towards aluminum nitride owing to its outstanding physical properties such as high thermal insulation conductivity and electrical insulation resulted into driving the growth of the market. AIN (Aluminium nitride) is a tetrahedrally coordinated III-V compound having a large bandgap of 6.3ev. Besides, properties such as hardness and resistance to high temperature for opto-devices has made a positive impact on the aluminum nitride market. Aluminum nitride is economical and high-performance material this factor have resultedto build many lucrative opportunities for the market.
Aluminium Nitride Market Dynamics.
Expansion of the electronic & electrical industry led to increasing demand for economical products that do not raise toxicity concerns is driving the growth of the market. Increasing application in the electronic industry such as in heat removal and thermal conductivity has made a positive impact on the market. Advantages such as maintaining stability in the atmospheric environment at a high temperature such as in the presence of carbon dioxide and hydrogen have uplifted the demand for the aluminum nitride market. In the manufacturing process, it is used in hot & dry pressing along with sintering aids, contributing to a robust growth for aluminium nitride.
The growth of aluminum nitride is mainly driven by growing applications in automotive such as in electrical vehicles and power filler for semiconductor packaging and electronics are driving the growth of the market. The wide range of applications of aluminum nitride is in thermocouple insulators, grinding media, high power microwave tubes, evaporation boats, and crystal growing crucibles. Compare to the conventional ceramic substrate, an aluminum nitride substrate offers efficient cooling. Besides, typical applications of aluminum nitride include IC packages, microwave device packages, electronic substrates, and heat sinks as highly efficient heat exchange systems this led to robust demand for the aluminum nitride market over the years.
However, government stringent regulation on chemical and consumer awareness may hinder the growth of the aluminium nitride market.
Global Aluminium Nitride Market: Market Segmentation
Global Aluminium Nitride Market is segmented by grade Technical Grade and Analytical Grade. The Technical Grade is dominating the market in this segment. The primary market for electrical and electronic applications such as in heat removal or as a heat sink is driving the growth of the market in these segments. The valuable properties such as high insulation resistance and thermal conductivity is driving the growth of the market.
Global Aluminium Nitride Market: Regional Analysis
The regional analysis of the worldwide Aluminium Nitride market is segregated across North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Asia Pacific is dominating the aluminium nitride market followed by North America and Europe. The rapid expansion of electronic and electrical applications and the adoption of advanced technological devices are driving the growth of the market in this region. Increasing demand for power sectors in North America and Europe is expected a robust growth of aluminium nitride market over the forecast period. Increasing government infrastructure project in these regions has built many lucrative opportunities for the aluminium nitride market.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new Type launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Aluminium Nitride Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Aluminium Nitride Market dynamics, structure by analyzing the market segments and project Global Aluminium Nitride Market Clear representation of competitive analysis of key players by price, financial position, Type portfolio, growth strategies, and regional presence in the Global Aluminium Nitride Market make the report investor’s guide.
Global Aluminium Nitride Market Competitive Landscape:
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Global Aluminium Nitride Market, by Grade
• Technical Grade
• Analytical Grade
Global Aluminium Nitride Market, by Type
• Carb mal Reduction method
• Nitridation method
• Direct Nitridation method
Global Aluminium Nitride Market, by End-Users
• Micro Electronics and Naval Radio
• Power Electronics
• Aeronautical System and Automotive
• Emission Control
Global Aluminium Nitride Market, by Region
• Asia Pacific
Rest of Asia
• North America
• South America
Rest of South America
• Middle East & Africa
Rest of MEA
Key players operating in Global Aluminium Nitride Market
• TOYO ALUMINUM K.K.
• KYOCERA Corporation
• Morgan Advanced Materials plc
• FURUKAWA CO. LTD.
• Ferro Ceramic-Grinding
• MARUWA Co. Ltd.
• Tokuyama Corporation
• Precision Ceramics USA
• Thrutek Applied Materials Co. Ltd.
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