Anodic Aluminum Oxide Wafer Market Expected to Reach $576.6 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Anodic Aluminum Oxide Wafer Market," The anodic aluminum oxide wafer market was valued at $75.44 million in 2021, and is estimated to reach $576.6 million by 2031, growing at a CAGR of 22.7% from 2022 to 2031.

Anodic aluminum oxide (AAO) is a ceramic component substrate manufactured by anodizing (anodic oxidation) method. It is a technology to grow an oxide film created on the surface when an electric charge is applied after immersing aluminum in an electrolyte solution. Nanomaterials are highly popular within tissue engineering, which has had more fusion with nanotechnology over recent years, with regenerative medicine aims playing a prominent role. Anodic aluminum oxide (AAO) is a nanoporous structure similar to a honeycomb with high-density arrays of uniform and parallel pores.

Anodic aluminum oxide (AAO), specifically, has acquired attention due to its potential for use as either a scaffold or as a mold to create polymeric scaffolds, mainly for its unique mechanical and chemical properties. It can also be used for advancements in optics. Nanomaterials are sometimes challenging to fabricate, but anodic aluminum oxides' easy engineering process ensures its applicability for various uses. This includes mammalian cell culture, biofunctionalization, drug delivery, or even a nanosensor.

According to anodic aluminum oxide wafer market analysis, the 12 inch segment was the highest contributor to the market in 2021. The consumer electronics and pharmaceuticals segments collectively accounted for around 66.4% market share in 2021. The outbreak of the COVID-19 has significantly impacted the growth of the anodic aluminum oxide wafer market share.

The biomedical applications of anodic aluminum oxide have been promising due to its highly ordered structure. With recent advancements in nanotechnology, fabricating this nanomaterial is cost-efficient and more accessible. The use of alumina, which is formed from an electrochemical process in an acidic solution that produces aluminum oxide, also has significant applications in this field of science.

The consumer electronics sector constantly demands for higher power dissipation, faster speeds, and higher pin counts along with smaller footprints and lower profiles. The miniaturization and integration of semiconductors have given rise to smaller, lighter, and more portable devices such as tablets, smartphones, and emerging IoT devices. Wafer is widely used in these devices ranging from computers to consumer electronics, telecommunication products, and others. Over the past five years, significant increase has been witnessed in research and development activities of semiconductor packaging technology due to new requirements for package density, performance, and interconnection in the electronic industry. The smartphone and personal computer market is growing rapidly in Asia-Pacific and North America, which is expected to foster the growth of the anodic aluminum oxide wafer market.

Wafers have become an intrinsic part of the production process, as they help increase the efficiency and precision through automation. Wafers are used to keep track of various parameters, such as temperature, pressure, flow, level, and other parameters, to control the whole process and ease it through automation. In addition, there is increase in production rate in the automotive industry in which the contribution from autonomous vehicles, electric vehicles, and self-driving trucks is expected to play a vital role in the semiconductor wafer market. Compound anodic aluminum oxide (AAO) wafer in automotive are widely used in navigation control, infotainment system, and collision detection. The consistent transformation of the automotive industry from conventional designs to driverless and smart cars is expected to assist in the anodic aluminum oxide wafer market growth globally.

Applications include shaping 3D complex porous nanostructures to indirect uses as a mold for the production of nanowires, nanofibers, or nanotubes. The anodic aluminum oxide wafer industry key players profiled in the report Bonnell Aluminium, Dajcor Aluminum Ltd, Monocrystal, CoorsTek Inc., Superior Metal Technologies, LLC, InRedox LLC, Alupco, Prevost, PAC-CLAD and Lorin Industries, Inc. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition,that provide lucrative opportunities to the anodic aluminum oxide wafer market growth.

KEY FINDINGS OF THE STUDY

• In 2021, the 12 inch segment accounted for maximum revenue, and is projected to grow at a notable CAGR of 22.23% during the forecast period.
• The consumer electronics and pharmaceuticals segments together accounted for around 66.4% of the anodic aluminum oxide wafer market trends in 2021.
• Asia-Pacific contributed for the major share in the anodic aluminum oxide wafer market, accounting for more than 62.3% anodic aluminum oxide wafer market size in 2021.

Key players profiled in the report include Bonnell Aluminium, Dajcor Aluminum Ltd, Monocrystal, CoorsTek Inc., Superior Metal Technologies, LLC, InRedox LLC, Alupco, Prevost, PAC-CLAD and Lorin Industries, Inc. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the anodic aluminum oxide wafer market.