Silicon Nitride Market Revenue, Growth Factors, Trends, Key Com

  • Reports and Data estimates the global Silicon Nitride competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Silicon Nitride during the forecast period.

    The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include 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.

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    Silicon Nitride Overview :-

    The global Silicon Nitride Market was valued at USD 102.8 Million in 2020 and is expected to reach USD 183.1 Million by 2028, at a CAGR of 7.5%. Silicon Nitride (Si3N4) is an alloy of two elements: silicon and nitrogen using iron as a catalyst which is considered mostly by low density, high fracture toughness, good flexural strength, excellent thermal shock resistance and chemical stability which makes it perfect for usage in gas turbines and automotive engines. It is mainly used for glow plugs, turbochargers, ball bearings etc.

    Superior mechanical and low toxic characteristics of Si3N4 are expected to drive the global silicon nitride market during the forecast period. Growing demand for bearing balls and cutting tools are the factors which are propelling the growth in this market. Availability of alternative ceramic materials such as alumina, steatite, zirconia, silicon carbide, etc. is found to be one of the key factors restraining the growth of this market over the forecast years.  Factors such as high manufacturing costs of Si3N4 and the existence of iron impurities, delicate nature of silicon nitride ceramics and difficulty in fabrication shapes are restraining the growth of this market during 2019-2028.

    Key manufacturers involved in the production of Si3N4 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.

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    For the purpose of this report Reports and Data has segmented global Silicon Nitride market on the basis of type, application, and region:

    Application (Revenue, USD Million; 2020–2028)

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

    End Use (Revenue, USD Million; 2020–2028)

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

    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)

     

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     Key Questions answered by the Report:

    • What is the expected year-on-year growth of the Silicon Nitride during the forecast period?
    • What key trends are expected influence revenue growth of the market going ahead?
    • Which region is expected to account for largest revenue share over the forecast period?
    • Which key companies are profiled in the report?

     

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