Aluminum nitride or AIN is used in chemically synthesized and non-toxic materials used extensively in electronics. It provides electrical resistance, high thermal conductivity, and mechanical resistance. It has been adopted by several industries such as automotive, defense, electronics, and others. Furthermore, the rising demand for electronic devices globally is expected to enhance the demand for chemicals globally. Companies announce novel products to increase the chemical’s adoption. For example, HexaTech commercially announced the highest transparency AIN substrate in July 2021.
Business Research Insights estimates that the aluminum nitride market size stood at USD 1,275.31 million in 2020 and is expected to grow at a CAGR of 8.76% during the forecast period.
Post COVID-19 Outlook: Adoption of Automated Production Techniques and Electronics Shall Open Huge Opportunities for the Global Market
The rising adoption of smartphones and electronic devices is responsible for adopting aluminum nitride in the manufacturing industry. As consumers demand advanced and sturdy devices, the demand for the chemical is expected to rise exponentially. Furthermore, increasing digitization has enhanced the demand for electronic devices, fueling the industry's growth. Moreover, the adoption of automated production techniques is expected to enhance the product adoption.
Business Research Insights mentions the top 10 companies operating in the industry
1. Tokuyama Corporation (Chiyoda City, Tokyo, Japan)
Tokuyama Corporation is headquartered in Chiyoda City, Tokyo, Japan, and was founded in 1918. The company is the fourth-largest producer of silicon and offers extremely pure AIN.
2. H.C. Starck GmbH (Goslar, Germany)
H.C. Starck GmbH is a company headquartered in Goslar, Germany and was founded in 1920. The company is a provider of high-quality metal powders and provides a range of chemicals and powders that adhere to optimum performance and quality standards.
3. Toyo Aluminium K.K. (Osaka)
Toyo Aluminium K.K. is headquartered in Osaka and was founded in 1931. It is a joint venture company set up to install a specialty aluminum paste manufacturing plant. The company also sells and manufactures powders, pastes, sheets, alloy powders, and others.
4. Accumet Materials (New York, U.S.)
Accumet Materials is an American company that was founded in 1970. The company is a high-quality alloy, metal, nitride, and silicone provider. Its products are used extensively in 3D printing applications, aerospace, and telecommunications applications.
5. Surmet Corporation (Massachusetts, U.S.)
Surmet Corporation is headquartered in Massachusetts, U.S. and was founded in 1982. The company offers the best chemical solutions that provide the best reproducibility. The company’s chemicals are also extremely cost-efficient.
6. THRUTEK Applied Materials (Taiwan)
THRUTEK Applied Materials was founded in 2007 and headquartered in Taiwan. The company offers several types of aluminum nitride solutions for different applications. THRUTEK uses several proprietary processes and facilities to enhance its product quality.
7. HeFei MoK Advanced Materials (China)
HeFei MoK Advanced Materials is a Chinese firm that extensively produces aluminum nitride and silicon nitride. Its powder offerings provide excellent strength and rigidity to electronics. The company has strong experience in the manufacturing of ANI.
8. Eno High-Tech Material (China)
Eno High-Tech Material is a Chinese company specializing in the sales, production, and development of aluminum nitride. The company offers superior quality products and is in charge of its entire production process.
9. Pengcheng Special Ceramics (China)
Pengcheng Special Ceramics is headquartered in China and was founded in 1997. The company offers excellent aluminum nitride solutions, especially for semiconductor chipsets. It improves the overall structural packaging and enhances resistance.
10. HexaTech (U.S.)
HexaTech is headquartered in the U.S. and is now acquired by Stanley Electric Co. Ltd. The company offers the highest transparency and purity of aluminum nitride products.
Push Toward the Creation of Semiconductors May Allow the Industry to Grow
The rising adoption of smart devices is likely to enhance the adoption of the metal. Electronics manufacturers heavily invest in producing the best quality products that enhance the overall device performance. With the emergence of several companies in this space, the industry shall face positive growth over the years.