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The aluminum nitride (AIN) powder market size is estimated to grow at a CAGR of 5.59% between 2023 and 2028. The market size is forecast to increase by USD 402.05 million. The growth of the market depends on several factors such as the excellent thermal conductivity property of aluminum nitride, the growing use of aluminum nitride powder in electric vehicles, and the growing need for electronic substrates and optoelectronics.
The report includes a comprehensive outlook on the Aluminum Nitride Powder Market, offering forecasts for the industry segmented by Application into electrical component, thermal conductive material, and others. Additionally, it categorizes Technique into direct nitridation, and carbothermal reduction and covers Geography regions, including APAC, North America, Europe, the Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 - 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the aluminum nitride powder market growth is the excellent thermal conductivity property of aluminum nitride. Aluminum nitride-based ceramic substrates are used for collecting heat from sun rays in solar panels due to their high thermal conductivity and high electrical resistivity property. In addition, the thermal conductivity of adhesives used in electronics, semiconductor packaging, and power electronics can also be increased by using aluminum nitride powder as a filler material.
Moreover, due to its various advantages, aluminum nitride is preferred over other ceramic materials having high conductivity, such as beryllium oxide (BeO) and cubic boron nitride (c-BN). In addition, BeO is being replaced by aluminum nitride for applications such as RF windows, crucibles, and other semiconductor equipment parts because of its toxic nature, whereas the production process of c-BN is more difficult and complicated. Therefore, the excellent thermal conductivity property of aluminum nitride will positively impact the aluminum nitride powder market. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the aluminum nitride powder market growth is the increasing demand for semiconductors. Semiconductors enable the partial conduction and insulation of current. In addition, this property makes semiconductor materials apt for rapid switching and modulation in a circuit. Furthermore, semiconductor materials act as conductors when influenced by external factors such as an electric field, temperature, and light.
Moreover, semiconductors are extensively used for manufacturing many electronic devices and control systems. In addition, semiconductor materials are used in various electronic components including integrated circuits, chipsets, optoelectronics, sensors, discrete semiconductors, and bare dies that are integrated into the core of electronic components and devices. Therefore, the increasing demand for semiconductors will positively impact the aluminum nitride powder market. Hence, such factors are driving the market growth during the forecast period.
The slowdown of the manufacturing sector in China is one of the key challenges hindering the aluminum nitride powder market growth. China is one of the significant producers and end-users of high-purity alumina across the globe, due to the presence of a large manufacturing sector. In addition, the country manufactures a wide range of metal and alloys, automotive and aircraft components, industrial machinery, and electrical and electronic products.
However, the economy and the manufacturing sector of China are experiencing a significant slowdown due to a decline in global exports and low foreign investments. In addition, companies that have availed themselves of credit are facing challenges owing to manufacturing overcapacity and decreasing profits. Furthermore, the average cost of labor is also rising, which is reducing China's appeal as an important investment destination. Hence, such factors are hindering the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Aluminum Nitride Powder Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Accumet Materials Co: The company offers aluminum nitride powder that can be formed into dense alumina ceramic components via uniaxial or cold isostatic pressing and sintering.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The electrical component segment is estimated to witness significant growth during the forecast period. There is an increasing adoption of aluminum nitride is frequently employed in the manufacture of electronic parts such as heat sinks, insulators, and substrates. In addition, due to the superior thermal and electrical qualities of aluminum nitride powder, which offers higher performance and reliability compared to other conventional substitutes like alumina or silicon carbide, the demand for aluminum nitride powder is rising in the electrical components.
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The electrical component segment was the largest segment and was valued at USD 661.55 million in 2018. Moreover, the expansion of the electrical component segment of the global aluminum nitride powder market is also being driven by the rising demand for laser diodes, light-emitting diodes (LEDs), and power electronics. In addition, the rising demand for electronic gadgets is one of the main factors driving the growth of the electrical component segment of the global aluminum nitride powder market. Furthermore, aluminum nitride is increasingly used as a substrate material for electrical components such as power devices, light-emitting diodes, and radio frequency devices. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 56% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main regions in terms of consumption and production of aluminum nitride is APAC which in turn contributes to the aluminum nitride (AIN) powder market growth in the region. In addition, aluminum nitride is the commonly used industrial intermediate in the manufacturing of LEDs and semiconductors.
Moreover, China, Japan, South Korea, India, Australia, New Zealand, and Indonesia are some key consumers of aluminum nitride. In addition, the aluminum nitride powder market in APAC is the fastest-growing market across the world. Furthermore, factors such as the presence of a strong manufacturing industrial base in the region and the growing demand for LEDs and semiconductors globally are driving the market growth in APAC during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global aluminum nitride powder market witnessed a significant slowdown due to a halt in commercial and economic activities in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of commercial and economic activities. Such factors are expected to drive the market during the forecast period.
The aluminum nitride powder market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Aluminum Nitride Powder Market Scope |
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Report Coverage |
Details |
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Page number |
157 |
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Base year |
2023 |
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Historic period |
2018 -2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.59% |
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Market Growth 2024-2028 |
USD 402.05 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.2 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 56% |
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Key countries |
US, China, Japan, South Korea, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Accumet Materials Co., Atlantic Equipment Engineers Inc., GlobalTop Technology Inc., HC Starck Tungsten GmbH, Liaoning Desunmet Special Ceramics Manufacturing Co. Ltd., MARUWA Co. Ltd., Merck KGaA, Nanoshel LLC, Nippon Light Metal Co. Ltd., Qinhuangdao Eno High Tech Material Development Co. Ltd., Resonac Holdings Corp., Shandong Pengcheng Advanced Ceramics Co. Ltd., SkySpring Nanomaterials Inc., Surmet Corp., Thermo Fisher Scientific Inc., Tokuyama Corp., Ultrananotech Pvt. Ltd., Xiamen JuCi Technology Co. Ltd., Yantai Tongli High tech New Materials Co. Ltd., and Fujian ZINGIN New Material Technology Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technique
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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