The increasing demand for the product in the electronics industry is fueling its demand in the market.
Market Size – USD 87.40 Million in 2018, Market Growth - CAGR of 3.7%, Market Trends – Expansion of electronics industries in emerging nations in the Asia Pacific region.
NEW YORK, May 29, 2019 (GLOBE NEWSWIRE) -- The Global Aluminum Nitride Market is forecast to reach USD 117.60 Million by 2026, according to a new report by Reports and Data.
Aluminum nitride is a non-toxic and synthetic ceramic material with hexagonal lattice that is majorly used in electronic devices. The high demand for Aluminum nitride is due to its unique combination of properties such as good thermal conductivity and electrical resistance. This provides electronic devices with the ability to offer electrical insulation all while maintaining lower operating temperature.
Aluminum nitride is preferred in several industries for high thermal conductivity, high electric insulation, and high mechanical strength. The property of thermal expansion of the product helps in high reliability in Si-chips and thermal heat cycling in the end use process. It is used in electronic devices where heat removal is an essential function.
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Asia Pacific leads the demand for Aluminum nitride owing to the high demand for electrical and electronics and expansion of the industry from the region. Japan, China, India, and South Korea are expected to boost the market in this region. Expansion of the automotive industry in the region is also anticipated to create ample opportunities for the Aluminum nitride market in the future.
Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/aluminum-nitride-market
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented into the global Aluminum Nitride Market on the basis of Grade, Type, Form, Application, and Region:
Grade Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Form Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
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Regional Outlook (Revenue in USD Million; 2016–2026)
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