As per this study the Global Aluminum Nitride Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Aliminium nitride possesses a hexagonal crystal structure, and it’s a covalently bonded metal nitride. Aluminium nitride is common in end use industries owing to its beneficial properties, such as high thermal conductivity, high mechanical strength and excellent electrical insulation. In addition, aluminium nitride application in the electronics sector is high mainly where heat removal is involved.
Growing sophisticated technological developments and high requirement for functionality and safety are driving the market growth. Overwhelming properties of aluminium nitride, such as material’s strength, hardness, purity, resistivity and cheap cost as compare to other metal nitride are fueling the demand in the market. Though, increasing penetration of electrical and electronic sector and replacement opportunity for manufacturers from other metal nitrides with aluminium nitride are opportunities for market growth in the forecast period. However, aluminium nitride cost is high compare to alumina, which is an alternative to aluminium nitride in electronic applications, is the factor hampering the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of aluminum nitride.
The broad aluminum nitride market has been sub-grouped into grade and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Technical Grade
- Analytical Grade
- Power Electronics
- Aeronautical System
- Emission Control
- Naval Radio
- Micro electronics
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for aluminum nitride in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Aluminum Nitride Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the aluminum nitride market include Furukawa Co Ltd, Maruwa, Tokuyama, Toshiba and Toyal America, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.