Silicon Nitride Market Trend Scenario,Growth Strategies and Forecast 2032

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Rising demand in the automotive and aerospace sectors, the trend toward downsizing, and the desire for Lightweight Materials are major factors driving the market revenue growth.

The global silicon nitride market size was USD 47 million in 2022 and is expected to register a revenue CAGR of 7% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by rising demand in the electrical and electronics industry.

Silicon Nitride (Si3N4) is the perfect material for a wide range of industrial applications in industries including electrical and electronics industries. This is owing to its extraordinary combination of properties, such as low density, great strength and hardness, excellent thermal stability, and superior corrosion resistance. Growing use of modern manufacturing methods has increased flexibility and outstanding customizability to fulfill a variety of requirements and potential applications. Also, Si3N4 is a tried-and-true substitute for conventional materials such as stainless steel, tungsten carbide, oxide-based ceramics, and silicon carbide.

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Major Companies and Competitive Landscape:

·       UBE Industries, Ltd.

·       Denka Company Limited

·       H.C. Starck GmbH

·       CeramTec GmbH

·       KYOCERA Corporation

·       Yantai Tomley Hi-Tech Industrial Development Co. Ltd.

·       3M Company

·       Morgan Advanced Materials

·       CoorsTek Inc.

·       Toshiba Materials Co. Ltd.

Some Key Highlights From the Report

·                The reaction-bonded segment is expected to register a rapid revenue growth rate during the forecast period owing to increasing need for mechanical fatigue and creep resistance, oxidation resistance, and ability to produce complex shapes relatively quickly. Reaction bonded silicon nitride is utilized as fixtures to position and transfer metal pieces for procedures including induction heating and resistance welding, brazing, and soldering due to its distinct properties.

·                The high purity grade segment is expected to register a rapid revenue growth rate during the forecast period owing to growing need for more productivity, improving product lifetime, and higher thermal shock resistance properties. High purity grade always have the same shape and can be formed easily, which are used in automotive components, ball bearings, cutting tools, and aircraft components.

·                The bearings segment is expected to register a steady revenue growth rate during forecast period owing to increasing need for reduced coefficient of friction caused by extreme smoothness, higher hardness, lighter weight, and provide better corrosion resistance. The coefficient of friction for Si3N4 bearings at room temperature in air with a light load is approximately 0.001. Silicon nitride has been successfully used in a range of applications from skateboard roller bearings to auto engine components.

·                The automotive segment is expected to register a steady revenue growth rate during forecast period. The automotive industry uses silicon nitride, particularly in numerous wear and combustion elements of reciprocating engines where high-temperature stresses are common. Glow plugs, precombustion chambers (to lessen emissions or serve as a muffler), and turbochargers all use silicon nitrides in diesel engines to reduce engine lag. Also, silicon nitride is used in precise shafts, axles, tappet shims, and cam followers.

·                The Asia Pacific market is expected to account for largest revenue share in the global market during the forecast period owing to increasing presence of major market players, such as Denka Company Limited, Kyocera Corporation, and UBE Corporation, among others, in this region. Rising adoption of silicon nitride is expected to continue in countries, such as China, Japan, India, and South Korea, thus facilitating growth of the automobile industry. Furthermore, growing presence of electronics and semiconductor companies has increased demand for silicon nitride in this region.

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Key Regional Markets Covered in the Report:

·       North America (U.S.A., Canada, Mexico)

·       Europe (Italy, U.K., Germany, France, Rest of Europe)

·       Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

·       Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·       Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Segments covered in the report:

Product Type Outlook (Revenue, USD Million; 2022–2032)

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

Grade Outlook (Revenue, USD Million; 2022–2032)

  • Standard Grade
  • High Purity Grade

Application Outlook (Revenue, USD Million; 2022–2032)

  • Reciprocating Engine Components
  • Metal Working Tools
  • Bearings
  • Turbochargers
  • Electronic Circuit Manufacturing
  • Medical Devices
  • Solar Energy Industry
  • Ceramics and Components
  • LED Industry
  • Others

End-use Outlook (Revenue, USD Million; 2022–2032)

  • Automotive
  • Aerospace
  • Electronics and Semiconductor
  • Medical and Healthcare
  • Photovoltaic

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