Silicon Nitride Market Anticipated To Reach USD 183.1 Million at a CAGR of 7.5% By 2028

According to the current analysis of Reports and Data, the global Silicon Nitride market was valued at USD 102.8 Million in 2020 and is expected to reach USD 183.1 Million by year 2028, at a CAGR of 7.5 percent.

Silicon Nitride (Si₃N₁₄₁₉), a non-oxide ceramic has an excellent combination of material properties. They are as light weighted as silicon carbide (SiC), but their microstructure gives them excellent thermal shock resistance and their high fracture toughness makes them resistant to impacts and shocks. Si₃N₁₄₁₉ Ceramics is used for balls bearings, ceramic forming tools and automotive components and even due to its high temperature resistance; it is used for welding process.

Key manufacturers involved in the production of Si₃N₁₄₁₉ are found to be involved in the long term distribution agreement for the product with end-users across the globe. For instance, in February 2019, Kyocera Corporation has entered into an agreement with H.C.Starck Ceramics which allows Kyocera to use H.C.Starck technology to expand its ceramic business globally.

Rise in environmental worries and emission regulations for light duty as well as heavy duty vehicles will assist the demand for turbochargers and will push the demand for silicon nitride for the production of turbocharger rotors. Availability of alternative ceramic materials is found to be one of the key factors restraining the growth of this market over the forecast years.

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Top Companies: 3M, Amedica Corporation, AlzChem, CeramTec, CoorsTek Inc., Denka Company Limited, Panadyne, Reade International Corp., TOSHIBA MATERIALS CO., LTD., UBE INDUSTRIES, LTD., Vesta Ceramics, and Yantai Tomley Hi-Tech Advanced Materials.

Further key findings from the report suggest:

• Silicon Nitride Market is fastest growing at a CAGR of 5% in Asia Pacific followed by Europe respectively. Asia Pacific segment is led by China owing to the markets for end-use industries i.e. automotive, medical and healthcare etc.
• Bearings and Metal working tools segment in a combined way dominated the market in 2020.
• Middle East & Africa in the global market is anticipated to account for small share and is expected to grow at slow pace over the near future.
• Sintered Reaction-Bonded segment will procure the highest CAGR in the global market during the forecast period.
• Automotive has dominated the market of end-users with a share of 14195.5%.
• North America accounts for the second largest market share in this market at 27% due to huge amount EV sales and usage of silicon nitride in medical industry.
• Key participants include AlzChem, KYOCERA Corporation, UBE, Yantai Tomley Hi-tech Advanced Materials can produce all grades of Si₃N₁₄₁₉

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Product Type (Revenue, USD Million; 2020–2028)

• Reaction-Bonded
• Sintered Reaction-Bonded
• Hot Pressed
• LED/ Photovoltaic Grade
• Ceramic Grade

Grade (Revenue, USD Million; 2020–2028)

• Standard Grade
• High Purity Grade

Application (Revenue, USD Million; 2020–2028)

• Reciprocating Engine Components
• Metal working tools
• Bearings
• Turbochargers
• Electronic Circuit Manufacturing
• Medical Devices
• Other

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Regional Outlook

For comprehensive understanding of market dynamics, the global Silicon Nitride market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key Coverage of the Report

• Region and country wise statistics of this market from the period 2016-2028. While 2016-2017 has been utilized as historical data, 2020 is considered the base year. 2019-2028 have been derived as forecasts.
• Estimation of Market size along with historic and forecasted trend analysis.
• Various types of market technique have been analysed. Statistical analysis has been conducted on obtaining the individual share of these segments.
• Regional up-coming Market outlook.
• Regional prevalence of the Market has been mapped.
• Demand and Supply GAP Analysis
• Regional Competitors Pricing Strategy
• Market share analysis of the top industry Types
• Strategic recommendations for the new entrants
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the Market estimations
• Competitive landscaping mapping the key common trend
• Company profiling with detailed strategies, financials, and recent developments.

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