Silicon Nitride Market Analysis | 2024-2030

“The Silicon Nitride Market is expected to grow at a CAGR of 7.5% during the forecast period.”

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Market Dynamics

Introduction

Silicon nitride is a chemical compound made of the elements, silicon and nitrogen. It is a white, high-melting-point solid. It is prepared by heating powdered silicon between 1300 °C to 1400 °C in a nitrogen environment. It retains fracture toughness and high strength even at very high temperatures.

Silicon nitride is used as a high-temperature structural component for gas turbines, combustor parts, and automotive engines.

Market Drivers

The growth in demand for silicon nitride is majorly due to its superior properties, such as remarkable tolerance towards abrasion, corrosion, and most chemicals. Further, it offers the highest fracture resistance than any other advanced ceramic, thus making it the most preferred material to find extensive use in various end-use industries, which is likely to drive the market during the forecast period.

Segments Analysis

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By Product Type

“The sintered silicon nitride segment dominates the market during the forecast period.”

The market is segmented as reaction-bonded silicon nitride, hot-pressed silicon nitride, sintered silicon nitride, and others. The sintered silicon nitride segment is expected to remain dominant during the forecast period. Properties such as higher thermal shock resistance, high-temperature strength, creep resistance, better fracture toughness, excellent wear resistance, and oxidation resistance are the major factors expected to drive the growth of the segment during the forecast period.

By End-Use Industry Type

“The automotive industry dominates the market during the forecast period.”

The silicon nitride market is segmented into photovoltaic, automotive, general industry, aerospace, medical, and others. The automotive industry dominated the market in 2019 and is likely to maintain its dominance during the forecast period as well. The growth of this segment is attributed to the high-temperature resistance property, which enables silicon nitride to be used in components of automobiles, such as engines. On the other hand, the medical industry is estimated to be the fastest-growing segment during the forecast period.

Regional Analysis

“Asia-Pacific is estimated to be the largest as well as fastest-growing market during the forecast period.”

With China, Japan, India, and South Korea being the major growth engines of the region. The Asia-Pacific’s market for silicon nitride is driven by its increasing consumption, majorly in the automotive industry. 

North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the silicon nitride market (arranged alphabetically).

• AlzChem Group
• CeramTec
• Denka Company Limited
• H.C. Starck GmbH
• Kyocera Corporation
• Morgan Advanced Materials
• The 3M Company
• Toshiba Corporation
• Ube Industries, Ltd.
• Yantai Tomley Hi-Tech Advanced Materials

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

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