Technavio analysts forecast the global aluminum nitride powder market to grow at a CAGR of over 5% during the forecast period, according to their latest market research report.
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Technavio has released a new market research report on the global aluminum nitride powder market for the period 2018-2022. (Graphic: Business Wire)
The growth in demand for electric vehicles (EVs) market is one of the major trends being witnessed in the global aluminum nitride powder market 2018-2022. The growth in EVs directly impacts the growth of the aluminum nitride powder market, as aluminum nitride is extensively used in direct copper bonding (DCB) boards in electric vehicles. These DCB boards are applied to power modules in inverter and charger verticals of electric vehicles and to power various parts needed to set off electric output and convert DC and AC.
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According to Technavio analysts, one of the key factors contributing to the growth of the global aluminum nitride powder market is the excellent thermal conductivity of aluminum nitride:
Global aluminum nitride powder market: Excellent thermal conductivity of aluminum nitride
Aluminum nitride is characterized by high electrical resistivity and high thermal conductivity. Thermal conductivity is defined as the ability of a material to transport heat when the material is subjected to a temperature gradient. A better thermal conductivity implies that a small amount of ceramic material must be used to absorb a higher amount of heat. Thus, aluminum nitride-based ceramic substrates can be used in renewable energy devices such as solar panels to collect heat from the sun rays. In addition, aluminum nitride powder can be used as a filler to increase the adhesive's thermal conductivity for electronics, power electronics, and semiconductor packaging. These features are poised to impact the growth of the market during the forecast period.
According to a senior analyst at Technavio, "Apart from the excellent thermal conductivity of aluminum nitride, factors such as the increasing demand for ceramic substrates over traditional metal substrates and the miniaturization of electronic devices are likely to impact the growth of the global aluminum nitride powder market during the forecast period."
Global aluminum nitride powder market: Segmentation analysis
The global aluminum nitride powder market research report provides market segmentation by production process (direct nitridation and carbothermal reduction) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The APAC held the largest share of the market in 2017, accounting for about 42% share, followed by the Americas and EMEA respectively. The APAC region is likely to continue dominating the market with the highest incremental growth during the forecast period.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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