Aluminum Nitride Market industry rides on high demand, looking at expansions

Aluminum Nitride Market Is Growing with the Increasing Number of Eclectic Vehicles Worldwide

The global aluminum nitride market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period (2018-2026), as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Aluminium nitride is a solid nitride of aluminium that has high thermal conductivity and is an electrical insulator. It is an ideal material for thermal management and electrical applications. Aluminum nitride is widely known as a nitride with particularly interesting properties. Thermal conductivity, mechanical strength, and electric insulation are the three well known properties of aluminum nitride which makes its highly favorable in various industries verticals, such as energy, automotive, electronics and electrical, among others.

Request Sample Copy of the Report:
https://www.coherentmarketinsights.com/insight/request-sample/2388 

Aluminium nitride is widely used in plastics, to improve the thermal conductivity of plastic, and to manufacture optical devices, integrated circuit board, electronic devices, radiator, and high temperature crucible. It is a highly desirable material in specific applications where high electrical insulation, thermal conductivity, and/or mechanical strength is required. Thus, there is an increasing demand for aluminum nitride worldwide.

Competitive Landscape:

Major players operating in the global aluminum nitride market are Tokuyama Corporation, KYOCERA Corporation, American Elements, Goodfellow, CeramTec, H.C. Starck GmbH, Adtech Ceramics Company, TOSHIBA, MARUWA Co. Ltd, Surmet Corporation, and Toyo Aluminium K.K,

Key Market Drivers:

Increasing demand for aluminum nitride across the electrical/electronics industry is expected to propel growth of the aluminum nitride market during the forecast period. For instance, in April 2020, HexaTech Inc. announced the launch of deep-UV transparent 2”-diameter, single-crystal aluminum nitride substrate product line to satisfy the technology needs of its strategic business partners and the actively growing UV-C LED market.

Moreover, increase in demand for aluminum nitride powder for electric vehicles is expected to augment the growth of the aluminum nitride market. For instance, according to International Energy Agency (IEA), sales of electric cars topped 2.1 million worldwide in 2019, surpassing 2018, to boost the stock to 7.2 million electric vehicles. Furthermore, the number of electric vehicles is expected to increase in the coming future, which in turn is expected to increase the demand for aluminum nitride worldwide.

COVID-19 Impact Analysis:

Aluminum nitride is widely used in various end-use industries, such as energy, electronics and electrical, and automotive, among others. But the COVID-19 pandemic has severely impacted these industries. Thus, the demand for aluminum nitride has decreased during the pandemic. However, some industries, such as automotive and electronics and electrical, are recovering faster and are expected to have a positive impact on the growth of the market, as the demand for aluminum nitride is now increasing with a rapid pace.

Buy This Complete A Business Report With Flat US $2000 Off @ https://www.coherentmarketinsights.com/promo/buynow/2388

Key Takeaways:

• The aluminum nitride market is expected to exhibit a CAGR of XX % during the forecast period due to the increasing demand for power electronics and semiconductor worldwide. For instance, in November 2019, a research institute, Ferdinand-Braun-Institut, Germany launched joint project, power transistors based on AlN (aluminum nitride), which aims to develop highly efficient power semiconductors that can pave the way for a wide range of novel applications, from e-mobility to artificial intelligence.
• Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the aluminum nitride market due to the increasing popularity of electric vehicles and the rapid growth of the electronics and automotive industry. For instance, the European Union plans to have at least 30 million zero-emission vehicles on its roads by 2030, as it seeks to steer countries away from fossil fuel-based transport.

Other Related Report:

Aluminum Market, by Product Type (Extrusions, Rolled, Castings, Wire & Cable and Others), by Application (Automotive & Transportation, Construction, Packaging, Electrical & Electronics, Consumer Durables, Others), and by Region (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle east & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

https://www.coherentmarketinsights.com/market-insight/aluminum-market-3159

Aluminum Nitride Market Is Growing with the Increasing Number of Eclectic Vehicles Worldwide

The global aluminum nitride market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period (2018-2026), as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Aluminium nitride is a solid nitride of aluminium that has high thermal conductivity and is an electrical insulator. It is an ideal material for thermal management and electrical applications. Aluminum nitride is widely known as a nitride with particularly interesting properties. Thermal conductivity, mechanical strength, and electric insulation are the three well known properties of aluminum nitride which makes its highly favorable in various industries verticals, such as energy, automotive, electronics and electrical, among others.

Request Sample Copy of the Report:
https://www.coherentmarketinsights.com/insight/request-sample/2388 

Aluminium nitride is widely used in plastics, to improve the thermal conductivity of plastic, and to manufacture optical devices, integrated circuit board, electronic devices, radiator, and high temperature crucible. It is a highly desirable material in specific applications where high electrical insulation, thermal conductivity, and/or mechanical strength is required. Thus, there is an increasing demand for aluminum nitride worldwide.

Competitive Landscape:

Major players operating in the global aluminum nitride market are Tokuyama Corporation, KYOCERA Corporation, American Elements, Goodfellow, CeramTec, H.C. Starck GmbH, Adtech Ceramics Company, TOSHIBA, MARUWA Co. Ltd, Surmet Corporation, and Toyo Aluminium K.K,

Key Market Drivers:

Increasing demand for aluminum nitride across the electrical/electronics industry is expected to propel growth of the aluminum nitride market during the forecast period. For instance, in April 2020, HexaTech Inc. announced the launch of deep-UV transparent 2”-diameter, single-crystal aluminum nitride substrate product line to satisfy the technology needs of its strategic business partners and the actively growing UV-C LED market.

Moreover, increase in demand for aluminum nitride powder for electric vehicles is expected to augment the growth of the aluminum nitride market. For instance, according to International Energy Agency (IEA), sales of electric cars topped 2.1 million worldwide in 2019, surpassing 2018, to boost the stock to 7.2 million electric vehicles. Furthermore, the number of electric vehicles is expected to increase in the coming future, which in turn is expected to increase the demand for aluminum nitride worldwide.

COVID-19 Impact Analysis:

Aluminum nitride is widely used in various end-use industries, such as energy, electronics and electrical, and automotive, among others. But the COVID-19 pandemic has severely impacted these industries. Thus, the demand for aluminum nitride has decreased during the pandemic. However, some industries, such as automotive and electronics and electrical, are recovering faster and are expected to have a positive impact on the growth of the market, as the demand for aluminum nitride is now increasing with a rapid pace.

Buy This Complete A Business Report With Flat US $2000 Off @ https://www.coherentmarketinsights.com/promo/buynow/2388

Key Takeaways:

• The aluminum nitride market is expected to exhibit a CAGR of XX % during the forecast period due to the increasing demand for power electronics and semiconductor worldwide. For instance, in November 2019, a research institute, Ferdinand-Braun-Institut, Germany launched joint project, power transistors based on AlN (aluminum nitride), which aims to develop highly efficient power semiconductors that can pave the way for a wide range of novel applications, from e-mobility to artificial intelligence.
• Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the aluminum nitride market due to the increasing popularity of electric vehicles and the rapid growth of the electronics and automotive industry. For instance, the European Union plans to have at least 30 million zero-emission vehicles on its roads by 2030, as it seeks to steer countries away from fossil fuel-based transport.

Other Related Report:

Aluminum Market, by Product Type (Extrusions, Rolled, Castings, Wire & Cable and Others), by Application (Automotive & Transportation, Construction, Packaging, Electrical & Electronics, Consumer Durables, Others), and by Region (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle east & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

https://www.coherentmarketinsights.com/market-insight/aluminum-market-3159