Pune, July 03, 2024 (GLOBE NEWSWIRE) -- The report of SNS Insider states in 2023, the Aluminum Nitride Market Size was valued at USD 150.25 Million and predicts the market will reach USD 245.58 Million by 2032.
The revolution in electric vehicles is already started. With a staggering 1.2 million EVs sold in the US in 2023, the market broke records. This enormous increase is indicative of the quick transition to electric mobility. Estimates indicate that over 11 million EVs were sold in China, the world leader in EV sales, in a single year, representing a growth rate of more than 50% for both nations.
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The need for electrical components that tolerate extreme heat is suddenly generated by this hurry. Components are required for extreme conditions and power intensities. Aluminum nitride (AlN) is being investigated by businesses such as NXP Semiconductors for use as a substrate in gallium nitride (GaN) power devices. This innovative combine promises to develop devices for renewable energy technologies and electric vehicle technologies that become more effective and effective, opening the door to a better.
Although not directly aimed at Aluminum Nitride, research projects investigating high-efficiency power electronics in solar power were supported by the European Union's Horizon 2020 program. These projects may have looked through AlN as an intriguing material by the environment, indicating how government efforts can contribute to its growth. Aluminum nitride is at the forefront of material innovation with its distinct mix of thermal conductivity and electrical resistance establishes it as a transformational material for the future. With continuous research overcoming actual limits, AlN has a chance to not only improve thermal management but also enable developments in other industries, including that of electronics, clearing ahead for the future to be that includes creative and efficient technology.
Governments everywhere are urging the use of renewable energy, therefore effective power electronics are essential. Because of its exceptional thermal conductivity, which keeps power electronics cool and functional, aluminum nitride rises to the occasion. Governments may not specifically target AlN, but they do indirectly contribute to its development through renewable energy programs like the US Ministry of Energy's SunShot Initiative. With growing emphasis on productivity and the environment, materials possessing AlN's outstanding attributes are naturally being looked into in research. To put it in simple terms, government support for solar power makes it easier for AlN to expand and opens up the opportunity to a more sustainable future.
“Tokuyama's High-Purity Aluminum Nitride Powders and Granules”
Tokyo, Japan Tokuyama Corporation has solidified its position as the frontrunner in the aluminum nitride (AlN) powder market, boasting a staggering 75% global market share and the world's highest production capacity of 840 metric tons per year.
Crystal IS has made a major breakthrough in producing large, high-quality aluminum nitride wafers for electronics.
Crystal IS, an Asahi Kasei firm, today announced the achievement of the serial produce of 100 mm diameter single-crystal aluminum nitride (AlN) substrates with a 99.9% suitable area, conforming to current ultraviolet (UV) LED standards. Processing will take place around the United States. In the coming year, the business wants to supply 100 mm diameter substrates for significant partners, which will be made totally in its US plant, as it develops outside UVC LEDs.
China claims to be developing the world's most powerful radar chip using gallium nitride, despite US sanctions.
The revelation of China's powerful radar chip development emphasizes the strategic importance of Gallium Nitride (GaN), a close relative of Aluminum Nitride. Both are advanced ceramic substances known for their high heat conductivity and insulation from electricity. While aluminum nitride projects in general electronics because to its inexpensiveness, gallium nitride is the preferred material for high-power and frequency applications. This makes GaN suitable for the strong radar device that China states to have created. Gallium Nitride, like Aluminum Nitride, is created through the mixture of a nitride compound with Gallium rather than metal. This minor difference enables GaN to handle significantly higher energies and rates, making it ideal for radar receivers and electronics that require power. While the report focuses on Gallium Nitride, it indirectly illustrates the larger possibility associated with aluminum. With this china holds the largest share in Asia Pacific region.
Aluminum Nitride Market Report Scope & Global Overview
| Report Attributes | Details |
| Market Size in 2023 | USD 150.250 Million |
| Market Size in 2031 | USD 245.58 Million |
| CAGR (2024-2031) | 4.98% |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Market Driver |
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Segment Analysis
Based on Method Carbothermal Reduction Method Direct Nitridation Method Nitridation Method, at 40% of the aluminum nitride production market, Carbothermal Reduction is the industry leader. Affordability and productivity. It is a manufacturing powerhouse that easily transforms aluminum oxide, a chemical that is easy to find, into AlN powder by heating it to a high temperature and using nitrogen or ammonia gas. The attractive thing about Carbothermal reduction is that it's a straightforward yet highly effective biological process that creates a lot of aluminum nitrate material. For large-scale manufacturing, Carbothermal reduction remained the gold standard, despite the possibility that other methods may be more advantageous in terms of purity or temperatures that are lower. It is an excellent option for purposes demanding large volumes of AlN powder due to its reasonable cost, such as ceramic components or filler elements in the production of electronics.
Regional Analysis
Asia Pacific undoubtedly holds the maximum share, the predicted share for the APAC region is 35%. Effective combination of elements powering the aluminum nitride industry. Growing demand for electronics and electric parts is what is causing the market the flames. especially in software powerful competitors like China, Japan, South Korea, and India. This is augmented by the region's rapidly growing aerospace and automotive businesses, because the need for Aluminum Nitride unique attributes is quite considerable. The government's initiatives that rapidly support developments in technology as well as sustainable sources of energy are fueling the current trend and providing the stage for Aluminum Nitride possible future growth in the region of the Asia Pacific.
Where North America will also be contributing highly in leveraging with 25% for NA Aluminum nitride's contribution to thermal regulation is critical for the continued reliability of these data centers. The North American advanced electronics industry's need for aluminum nitride is primarily driven by the ongoing innovation and expansion of businesses such as Intel.
Key Takeaways
- Aluminum nitride has a distinctive set of qualities, including more effective thermal conductivity and electrical insulation, making it suitable for a variety of technology operations.
- High-purity aluminum nitride is required for the manufacturing of GaN-based devices used in power electronics and LEDs, which is an important market category.
- Highlighting the many benefits of aluminum nitride can help engage prospective consumers in the field of electronics, particularly those generating high-performance products.
- The good estimate for the aluminum nitride industry may appeal to investors, potentially increasing your company's importance.
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Table of Contents – Major Key Points
1. Introduction
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Aluminum Nitride Market Segmentation, By Grade
8. Aluminum Nitride Market Segmentation, By Method
9. Aluminum Nitride Market Segmentation, By Form
10. Aluminum Nitride Market Segmentation, By Application
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Use Case and Best Practices
15. Conclusion
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