Aluminum Nitride Market Size, Share, Growth, Trends, and Forecast 2030

The market size of aluminium nitride on a global scale amounted to USD 160.58 million. According to predictions, the value is expected to increase at a Compound Annual Growth Rate (CAGR) of 5.50% and reach USD 246.44 million by 2028.

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Global Aluminum Nitride Market: Overview

The global aluminum nitride market was valued at USD 94.9 million in 2020, and it is expected to grow at a CAGR of 5.2% to reach USD 128.4 million by 2028. Aluminum nitride is also known as aluminum nitride, and its chemical name is AIN. Aluminum nitride is a covalently connected metal with high thermal conductivity. Aluminum nitride, which has a hexagonal crystal structure, is produced via carbo-thermal reduction of aluminum oxide in the presence of gaseous ammonia or nitrogen. Aluminum nitride's three well-known qualities are thermal conductivity, electric insulation, and mechanical strength, which make its application very advantageous in a variety of end-use sectors. Aluminum nitride is a very pure metal nitride with low toxicity when compared to other metal nitrides.

Global Aluminum Nitride Market: Growth Factors

The thermally conductive characteristic of aluminum nitride is driving the market's expansion. Increased demand for aluminum nitride powder for electric cars is one of the market's primary development factors. Further, factors such as fast technological growth and requirement for electronic substrates, optoelectronics, and high thermal conductivity chip carriers are boosting the growth of the global aluminum nitride market. The increased demand for safety and functionality, as well as an increase in government infrastructure projects, are boosting the growth of the aluminum nitride market. In addition to this, aluminum nitride has excellent thermal conductivity, a thermal expansion coefficient that is comparable to that of silicon, outstanding dielectric & corrosion resistance properties, and stability in semiconductor manufacturing environments. As a result, it's commonly used in high-performance ceramics. This in turn propels the growth of the market.

Furthermore, technological advancement and heavy investment by the major players may provide an opportunity for the growth of the global aluminum nitride market during the forecast period. HexaTech, Inc. in July 2021, announced the launch of its new deep-UV transparent, 2-inch diameter, single-crystal aluminum nitride (AlN) substrate product line. However, factors such as the massive cost of aluminum nitride, as well as the carbon footprints and harmful environmental effects generated by its widespread use, may act as major roadblocks for the growth of the global aluminum nitride market.

COVID-19 pandemic severely hit the market growth, global supply chain disruption and low demand from end-use industries primarily caused less revenue generation during the pandemic period. However, with the occurrence of pre-pandemic conditions, the market is expected to stabilize and grow at a steady rate over the forecast period.

Aluminum Nitride Market: Report Scope

Global Aluminum Nitride Market: Segmentation

The global aluminum nitride market is divided based on form, method, grade, application, and region.

Based on the form, the market for aluminum nitride is split into sheets, granules, and powder.

By method, the market is segregated into nitridation method, direct nitridation method, and carbothermal reduction method.

The grade segment is classified into analytical grade and technical grade.

The application segment is categorized into the aeronautical system, power electronics, naval radio, micro electronics, automotive, and others.

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Global Aluminum Nitride Market: Regional Analysis

The aluminum nitride market in Asia Pacific is likely to grow strongly with the large share in the global market. Because of the region's strong need for electrical and electronics, as well as the region's industry boom, Asia Pacific leads the market for aluminum nitride. This region's market is likely to be boosted by Japan, India, China, and South Korea. The region's automobile industry's development is also expected to provide several chances for the aluminum nitride market in the coming years. Market in North America and Europe is also projected to make a significant contribution to the global aluminum nitride market growth over the forecast period.

Global Aluminum Nitride Market: Competitive Players

Some of the major players that are functioning in the global aluminum nitride market involve

• 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
• among others.

Global Aluminum Nitride Market: Segment Analysis

By Type

• Low purity
• High purity

By Method

• Carbothermal reduction method
• Nitridation method
• Direct nitridation method

By Applications

• Micro electronics
• Naval radio
• Power electronics
• Defence
• Aeronautical system
• Automotive
• Emission control and others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.