Global Aluminum Nitride Powder Market 2018-2022
About this market
Growth in electric vehicles market to trend in the market. The growth in the demand for electric vehicles is expected to boost the aluminum nitride powder market during the forecast period as aluminum nitride powder is used in direct copper bonding boards in electric vehicles. Technavio’s analysts have predicted that the aluminum nitride powder market will register a CAGR of over 5% by 2022.
Excellent thermal conductivity of aluminum nitride
Aluminum nitride is characterized by high thermal conductivity and high electrical resistivity. Thus, aluminum nitride-based ceramic substrates can be used in renewable energy devices such as solar panels to collect heat from the sunrays.
High cost of aluminum nitride
A major challenge that is limiting the use of aluminum nitride is its high cost in comparison to alumina, which is an alternative to aluminum nitride in electronic applications.
For the detailed list of factors that will drive and challenge the growth of the aluminum nitride powder market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Surmet Corporation and Tokuyama Corporation the competitive environment is quite intense. Factors such as the growth in the demand for electric vehicles and the excellent thermal conductivity of aluminum nitride, will provide considerable growth opportunities to aluminum nitride powder manufactures. Accumet Materials, H.C. Starck, Merck, Nippon Light Metal Holdings, Surmet Corporation, and Tokuyama Corporation are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Aluminum Nitride Powder Market 2018-2022
Technavio recognizes the following companies as the key players in the global aluminum nitride powder market: Accumet Materials, H.C. Starck, Merck, Nippon Light Metal Holdings, Surmet Corporation, and Tokuyama Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growth in the demand for electric vehicles.”
According to the report, one of the major drivers for this market is the excellent thermal conductivity of aluminum nitride.
Further, the report states that one of the major factors hindering the growth of this market is the high cost of aluminum nitride.
Nippon Light Metal Holdings
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