PUBLISHER: Value Market Research | PRODUCT CODE: 1578329
PUBLISHER: Value Market Research | PRODUCT CODE: 1578329
The global demand for Aluminum Nitride Market is presumed to reach the market size of nearly USD 339.51 Million by 2032 from USD 198.41 Million in 2023 with a CAGR of 6.15% under the study period 2024-2032.
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.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Aluminum Nitride. The growth and trends of Aluminum Nitride industry provide a holistic approach to this study.
This section of the Aluminum Nitride market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Aluminum Nitride market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Aluminum Nitride market include Precision Ceramics USA, Kyocera Corporation, FUrukawa CO. LTD., Morgan Advanced Materials, Toshiba Materials Co. Ltd., CeramTec Group, Maruwa Co. Ltd., Toyal Europe, Toyal America Inc., Toyo Aluminium K.K, Tokuyama Corporation, Accumet Materials Co, Merck KGaA, Surmet Corporation, Thrutek Applied Materials Co. Ltd., Nippon Light Metal Co. Ltd, Ottokemi, H.C. Starck Tungsten GmbH, Sienna Tech, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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