Global Aluminum Nitride Powders Market Benefits from Growing Electric Vehicle Industry
Aluminum nitride is extensively used in direct copper bonding (DCB) boards in electric vehicles.
The global aluminum nitride powder market is projected to grow at a CAGR of over 5% from 2018-2022, according to a recent market research report from Technavio. Increasing demand for electric vehicles (EVs) is one of the major trends being witnessed in the global aluminum nitride powder market. 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.
According to Technavio analysts, one of the key factors contributing to the growth of the global aluminum nitride powder market is the material’s excellent thermal conductivity. Aluminum nitride is characterized by high electrical resistivity and high thermal conductivity. These properties enable aluminum nitride-based ceramic substrates to be used in renewable energy devices such as solar panels. In addition, aluminum nitride powder can be used as a filler to increase adhesives’ thermal conductivity for electronics, power electronics and semiconductor packaging.
The Asia-Pacific region held the largest share of the market in 2017, accounting for about a 42% share, followed by the Americas and EMEA. Asia-Pacific is likely to continue dominating the market with the highest incremental growth during the forecast period.
For more information, visit www.technavio.com.