Aluminium Nitride Market
Growth Factors of Aluminium Nitride Market
The aluminium nitride market size was valued at USD 151.5 million in 2023, and the market is now projected to grow from USD 159.8 million in 2024 to USD 246.5 million by 2032, exhibiting a CAGR of 5.6% during the forecast period of 2024-2032.
COVID- 19 pandemic has enormously affected the whole world. Interruption of the supply chains caused a scarcity of raw materials and dropped making. Moreover, restrictions on the movement executed by the governments of diverse countries also contributed to the drop in market development during the pandemic.
The electrical & electronics industry is boosting the aluminium nitride market progression due to its unique things that meet industry demands. It has high thermal conductivity, outstanding electrical insulation, and higher thermal shock resistance. It is perfect for use in numerous electrical constituents such as power modules, LEDs, and radiofrequency devices. As the demand for energy-efficient electronics and high-power uses upsurges, so does the need for constituents capable of proficiently dissolving heat and preserving electrical integrity. With constant technological progressions and the transition to a 5G network, the demand for the aluminium nitride is projected to surge motivating the aluminium nitride market growth.
Many performers in the market are involved in research and enlargement to enhance their manufacturing procedure and lower making costs. High energy consumption is a significant factor contributing to the greater production cost. Consequently, a more effective manufacturing process can decrease energy consumption and labor costs. Progressive methods such as chemical vapor deposition or sintering optimization can augment making effectiveness, offering beneficial prospects for market development by decreasing the making cost of aluminium nitride.
Comprehensive Analysis of Aluminium Nitride Market
The market can be segmented in various ways, depending on the focus of analysis such as by end- use industry. Based on end-use industry, the market is segmented into electrical & electronics, transportation, telecom, aerospace & defense, and others.
North America region is dominating the aluminium nitride market share due to huge product costs in the region due to greater demand. The highly established electrical & electronic industry and the prompt progress of the automotive and telecom industries is driving the product demand.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Tokuyama Corporation (Japan), SPTS Technologies Ltd. (U.K.), TOP SEIKO USA, Inc. (U.S.), Hunan Fushel Technology Limited (China), AdValueTech.com (U.S.), KYOCERA Corporation (Japan), Morgan Advanced Materials (U.K.), CeramTec Group (Germany), Toyal Europe (France), Surmet Corporation (U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.6% from 2024-2032
Unit Value (USD Million) and Volume (Kiloton)
Segmentation
By End-use Industry
- Electrical & Electronics
- Transportation
- Telecom
- Aerospace & Defense
- Others
By Geography
- North America (By End-use Industry and Country)
- U.S. (By End-use Industry)
- Canada (By End-use Industry)
- Europe (By End-use Industry and Country)
- France (By End-use Industry)
- Germany (By End-use Industry)
- U.K. (By End-use Industry)
- Italy (By End-use Industry)
- Rest of Europe (By End-use Industry)
- Asia Pacific (By End-use Industry and Country)
- China (By End-use Industry)
- India (By End-use Industry)
- Japan (By End-use Industry)
- South Korea (By End-use Industry)
- Rest of the Asia Pacific (By End-use Industry)
- Latin America (By End-use Industry and Country)
- Brazil (By End-use Industry)
- Mexico (By End-use Industry)
- Rest of Latin America (By End-use Industry)
- Middle East & Africa (By End-use Industry and Country)
- GCC (By End-use Industry)
- South Africa (By End-use Industry)
- Rest of the Middle East & Africa (By End-use Industry)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Trends
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Sustainability
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on the Market
- 5. Global Aluminium Nitride Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By End-use Industry (Volume/Value)
- 5.2.1. Electrical & Electronics
- 5.2.2. Transportation
- 5.2.3. Telecom
- 5.2.4. Aerospace & Defence
- 5.2.5. Others
- 5.3. By Region (Volume/Value)
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America
- 5.3.5. Middle East & Africa
- 6. North America Aluminium Nitride Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By End-use Industry (Volume/Value)
- 6.2.1. Electrical & Electronics
- 6.2.2. Transportation
- 6.2.3. Telecom
- 6.2.4. Aerospace & Defence
- 6.2.5. Others
- 6.3. By Country (Volume/Value)
- 6.3.1. U.S.
- 6.3.1.1. By End-use Industry (Volume/Value)
- 6.3.1.1.1. Electrical & Electronics
- 6.3.1.1.2. Transportation
- 6.3.1.1.3. Telecom
- 6.3.1.1.4. Aerospace & Defence
- 6.3.1.1.5. Others
- 6.3.2. Canada
- 6.3.2.1. By End-use Industry (Volume/Value)
- 6.3.2.1.1. Electrical & Electronics
- 6.3.2.1.2. Transportation
- 6.3.2.1.3. Telecom
- 6.3.2.1.4. Aerospace & Defence
- 6.3.2.1.5. Others
- 7. Europe Aluminium Nitride Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By End-use Industry (Volume/Value)
- 7.2.1. Electrical & Electronics
- 7.2.2. Transportation
- 7.2.3. Telecom
- 7.2.4. Aerospace & Defence
- 7.2.5. Others
- 7.3. By Country (Volume/Value)
- 7.3.1. France
- 7.3.1.1. By End-use Industry (Volume/Value)
- 7.3.1.1.1. Electrical & Electronics
- 7.3.1.1.2. Transportation
- 7.3.1.1.3. Telecom
- 7.3.1.1.4. Aerospace & Defence
- 7.3.1.1.5. Others
- 7.3.2. Germany
- 7.3.2.1. By End-use Industry (Volume/Value)
- 7.3.2.1.1. Electrical & Electronics
- 7.3.2.1.2. Transportation
- 7.3.2.1.3. Telecom
- 7.3.2.1.4. Aerospace & Defence
- 7.3.2.1.5. Others
- 7.3.3. U.K.
- 7.3.3.1. By End-use Industry (Volume/Value)
- 7.3.3.1.1. Electrical & Electronics
- 7.3.3.1.2. Transportation
- 7.3.3.1.3. Telecom
- 7.3.3.1.4. Aerospace & Defence
- 7.3.3.1.5. Others
- 7.3.4. Italy
- 7.3.4.1. By End-use Industry (Volume/Value)
- 7.3.4.1.1. Electrical & Electronics
- 7.3.4.1.2. Transportation
- 7.3.4.1.3. Telecom
- 7.3.4.1.4. Aerospace & Defence
- 7.3.4.1.5. Others
- 7.3.5. Rest of Europe
- 7.3.5.1. By End-use Industry (Volume/Value)
- 7.3.5.1.1. Electrical & Electronics
- 7.3.5.1.2. Transportation
- 7.3.5.1.3. Telecom
- 7.3.5.1.4. Aerospace & Defence
- 7.3.5.1.5. Others
- 8. Asia-Pacific Aluminium Nitride Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By End-use Industry (Volume/Value)
- 8.2.1. Electrical & Electronics
- 8.2.2. Transportation
- 8.2.3. Telecom
- 8.2.4. Aerospace & Defence
- 8.2.5. Others
- 8.3. By Country (Volume/Value)
- 8.3.1. China
- 8.3.1.1. By End-use Industry (Volume/Value)
- 8.3.1.1.1. Electrical & Electronics
- 8.3.1.1.2. Transportation
- 8.3.1.1.3. Telecom
- 8.3.1.1.4. Aerospace & Defence
- 8.3.1.1.5. Others
- 8.3.2. India
- 8.3.2.1. By End-use Industry (Volume/Value)
- 8.3.2.1.1. Electrical & Electronics
- 8.3.2.1.2. Transportation
- 8.3.2.1.3. Telecom
- 8.3.2.1.4. Aerospace & Defence
- 8.3.2.1.5. Others
- 8.3.3. Japan
- 8.3.3.1. By End-use Industry (Volume/Value)
- 8.3.3.1.1. Electrical & Electronics
- 8.3.3.1.2. Transportation
- 8.3.3.1.3. Telecom
- 8.3.3.1.4. Aerospace & Defence
- 8.3.3.1.5. Others
- 8.3.4. South Korea
- 8.3.4.1. By End-use Industry (Volume/Value)
- 8.3.4.1.1. Electrical & Electronics
- 8.3.4.1.2. Transportation
- 8.3.4.1.3. Telecom
- 8.3.4.1.4. Aerospace & Defence
- 8.3.4.1.5. Others
- 8.3.5. Rest of Asia Pacific
- 8.3.5.1. By End-use Industry (Volume/Value)
- 8.3.5.1.1. Electrical & Electronics
- 8.3.5.1.2. Transportation
- 8.3.5.1.3. Telecom
- 8.3.5.1.4. Aerospace & Defence
- 8.3.5.1.5. Others
- 9. Latin America Aluminium Nitride Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By End-use Industry (Volume/Value)
- 9.2.1. Electrical & Electronics
- 9.2.2. Transportation
- 9.2.3. Telecom
- 9.2.4. Aerospace & Defence
- 9.2.5. Others
- 9.3. By Country (Volume/Value)
- 9.3.1. Brazil
- 9.3.1.1. By End-use Industry (Volume/Value)
- 9.3.1.1.1. Electrical & Electronics
- 9.3.1.1.2. Transportation
- 9.3.1.1.3. Telecom
- 9.3.1.1.4. Aerospace & Defence
- 9.3.1.1.5. Others
- 9.3.2. Mexico
- 9.3.2.1. By End-use Industry (Volume/Value)
- 9.3.2.1.1. Electrical & Electronics
- 9.3.2.1.2. Transportation
- 9.3.2.1.3. Telecom
- 9.3.2.1.4. Aerospace & Defence
- 9.3.2.1.5. Others
- 9.3.3. Rest of Latin America
- 9.3.3.1. By End-use Industry (Volume/Value)
- 9.3.3.1.1. Electrical & Electronics
- 9.3.3.1.2. Transportation
- 9.3.3.1.3. Telecom
- 9.3.3.1.4. Aerospace & Defence
- 9.3.3.1.5. Others
- 10. Middle East & Africa Aluminium Nitride Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By End-use Industry (Volume/Value)
- 10.2.1. Electrical & Electronics
- 10.2.2. Transportation
- 10.2.3. Telecom
- 10.2.4. Aerospace & Defence
- 10.2.5. Others
- 10.3. By Country (Volume/Value)
- 10.3.1. GCC
- 10.3.1.1. By End-use Industry (Volume/Value)
- 10.3.1.1.1. Electrical & Electronics
- 10.3.1.1.2. Transportation
- 10.3.1.1.3. Telecom
- 10.3.1.1.4. Aerospace & Defence
- 10.3.1.1.5. Others
- 10.3.2. South Africa
- 10.3.2.1. By End-use Industry (Volume/Value)
- 10.3.2.1.1. Electrical & Electronics
- 10.3.2.1.2. Transportation
- 10.3.2.1.3. Telecom
- 10.3.2.1.4. Aerospace & Defence
- 10.3.2.1.5. Others
- 10.3.3. Rest of Middle East & Africa
- 10.3.3.1. By End-use Industry (Volume/Value)
- 10.3.3.1.1. Electrical & Electronics
- 10.3.3.1.2. Transportation
- 10.3.3.1.3. Telecom
- 10.3.3.1.4. Aerospace & Defence
- 10.3.3.1.5. Others
- 11. Competitive Landscape
- 11.1. Company Market Share/Ranking Analysis, By Key Players, 2023
- 11.2. Company Profiles
- 11.2.1. Tokuyama Corporation
- 11.2.1.1. Overview
- 11.2.1.2. Description
- 11.2.1.3. Product Portfolio
- 11.2.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.1.5. Recent Developments
- 11.2.2. SPTS Technologies Ltd.
- 11.2.2.1. Overview
- 11.2.2.2. Description
- 11.2.2.3. Product Portfolio
- 11.2.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.2.5. Recent Developments
- 11.2.3. TOP SEIKO USA, Inc.
- 11.2.3.1. Overview
- 11.2.3.2. Description
- 11.2.3.3. Product Portfolio
- 11.2.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.3.5. Recent Developments
- 11.2.4. Hunan Fushel Technology Limited
- 11.2.4.1. Overview
- 11.2.4.2. Description
- 11.2.4.3. Product Portfolio
- 11.2.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.4.5. Recent Developments
- 11.2.5. AdValueTech.com
- 11.2.5.1. Overview
- 11.2.5.2. Description
- 11.2.5.3. Product Portfolio
- 11.2.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5.5. Recent Developments
- 11.2.6. KYOCERA Corporation
- 11.2.6.1. Overview
- 11.2.6.2. Description
- 11.2.6.3. Product Portfolio
- 11.2.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.6.5. Recent Developments
- 11.2.7. Morgan Advanced Materials
- 11.2.7.1. Overview
- 11.2.7.2. Description
- 11.2.7.3. Product Portfolio
- 11.2.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.7.5. Recent Developments
- 11.2.8. CeramTec Group
- 11.2.8.1. Overview
- 11.2.8.2. Description
- 11.2.8.3. Product Portfolio
- 11.2.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.8.5. Recent Developments
- 11.2.9. Toyal Europe
- 11.2.9.1. Overview
- 11.2.9.2. Description
- 11.2.9.3. Product Portfolio
- 11.2.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.9.5. Recent Developments
- 11.2.10. Surmet Corporation
- 11.2.10.1. Overview
- 11.2.10.2. Description
- 11.2.10.3. Product Portfolio
- 11.2.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.10.5. Recent Developments
- 12. Strategic Recommendations
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