Silicon Nitride Market size is estimated to grow at a CAGR of 7.8% during 2022-2027 and is valued at USD$ 171.50 million by 2027. It is a non-oxide structural ceramic material that is usually black or dark grey and provides excellent shock and thermal resistance. Some common type of silicon nitride ceramic powder is reaction-bonded silicon nitride, hot-pressed silicon nitride, and silicon nitride formed through sintering. Common applications of silicon nitride ceramics are in wear components, high-temperature insulation components, photovoltaic applications, bearings, and metalworking among others. Although silicon nitride ceramic materials are widely used in various industries, there are other alternative ceramics like silicon carbide and aluminium oxide that can prove to be a challenge to the Silicon Nitride Market. In this report, we will take an in-depth look at the various segments of the Silicon Nitride Market and analyze its market landscape, drivers, and challenges within the forecast period of 2022-2027.
During the COVID-19 Pandemic, many industries had suffered a tumultuous time, and it was no different for the Silicon Nitride Market. Many governments across the globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed the lockdown protocols. The Automotive industry is one of the key end-users of silicon nitride. During the pandemic, there was a sharp decline in the production of automotive products which greatly affected the market. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the total production of vehicles in 2020 was 22.7% lesser than in 2019. However, some industries were resilient during the pandemic, namely the electronics industry. According to the Japan Electronics and Information Technology Industries Association (JEITA), the production value of the global electronics and IT industry is projected to have grown by 2% year-on-year in 2020 and is estimated to be USD$ 2,972.7 billion. Most of the growth is attributed to the Asia-Pacific region as the European region had seen a net decline in production and sales. However, the overall global situation is improving as the world population is getting vaccinated and production facilities are reopening as lockdown protocols are being lifted. As such, the demand for the Silicon Nitride Market is expected to grow within the forecast period of 2022-2027.
Silicon Nitride Market Analysis – By Type
Sintered Silicon Nitride holds the largest share of 42% by type in the Silicon Nitride Market within the forecast period of 2022-2027. Sintered silicon nitride is formed by sintering powder compacts, with additives like magnesium oxide and yttrium oxide, in a bed of silicon nitride powder under a high-pressure nitrogen atmosphere, typically 1 to 8 MPa. Sintered silicon nitride has a high-temperature strength, excellent thermal shock and wear resistance, and good fracture toughness among other superior qualities. As such, sintered silicon nitride is used in a variety of market applications like reciprocating engine components and turbochargers, bearings, metal cutting and shaping tools, and hot metal handling. Unlike sintered silicon nitride, reaction bonded silicon nitride is made by direct nitridation which has difficulty ensuring a complete reaction. As such reaction bonded silicon nitride is of lower density. Hot pressed silicon nitride is produced by the hot pressing of silicon nitride which produces material of virtually zero porosity.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=510103
Report Price: $ 5900(Single User License)
Silicon Nitride Market Analysis – By End-Use Industry
The Automotive sector holds the largest share of 37% by end-use industry in the Silicon Nitride Market within the forecast period of 2022-2027. The largest market for silicon nitrides is in reciprocating engines like diesel and spark-ignited engines, where it is used for combustion and wear parts. The primary application of silicon nitrides in these engines is to reduce wear and help increase the efficiency of functions like reducing engine lag and faster start-up. According to the Organisation Internationale des Constructeurs d’Autombiles (OICA), the total vehicle production in 2021 was valued at 57.3 million which is 8.9% growth from the production numbers in 2020. There is also an increase in demand for automotive which is one of the key driving factors for the Silicon Nitride Market within the forecast period of 2022-2027.
Silicon Nitride Market Analysis – By Geography
The Asia-Pacific region holds the largest share of 44% by geography in the Silicon Nitride Market within the forecast period of 2022-2027. This is primarily because of the increasing demand of the automotive sector and the energy sector in the region which is primarily being led by China, India, South Korea, and Japan. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the Asia-Pacific region had the largest production of motor vehicles in the year 2020, with a total production value of 44.3 million vehicles. China alone contributed about 32% of the global motor vehicle production in 2020 with a production value of 25.3 million units. This was followed by Japan with a production of 8.1 million units and South Korea at 3.5 million units in 2020. According to British Petroleum (BP), the Asia-Pacific region accounted for 45.5% of the global energy consumption in 2020, which is valued at 253.7 exajoules. Silicon nitride is an important component for these end-use industries and as such, the demand for the Silicon Nitride Market is expected to grow in the Asia-Pacific region within the forecast period 0f 2022-2027.
Silicon Nitride Market Drivers
The growing Automotive and Aerospace sector:
As mentioned above, some of the key applications of silicon nitride are in the automotive industry and aerospace industry among others. As such, the growth in these industries proves to be a great driver for the Silicon Nitride Market. According to the Organisation Internationale des Cosntructeurs d’Automobiles (OICA), the total production of vehicles increased to 57.3 million in 2021 which was a 9.1% increase from the production values of 2020. These factors are ideal for the growth of the Electrical Steel Coatings Market within 2022-2027. According to the Boeing Commercial Market Outlook 2021-2040, 43,610 new aircraft will be added to the global fleet by 2040 which accounts for a growth of 3.1%. This proves to be a great driving factor for the Silicon Nitride Market within the forecast period of 2022-2027.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=510103
Silicon Nitride Market Challenges
Alternatives to Silicon Nitride Ceramics:
One of the key challenges for the Silicon Nitride Market is the availability of substitutes to silicon nitride ceramics such as syalon 101 which is a Si-Al-O-N ceramic material. It has excellent qualities similar to silicon nitride ceramic however it proves to be more cost-effective than silicon nitride. Some more examples of different types of ceramic are silicon carbide ceramic, which has good wear resistance and is widely used as an abrasive, and tungsten carbide ceramic, which has excellent thermal conductivity and outstanding thermal properties. As such, they prove to be strong competition for silicon nitride.
Silicon Nitride Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the market. Silicon Nitride top 10 companies include:
- UBE Industries, LTD
- Denka Company Limited
- Alzchem Group
- H.C. Starck GmbH
- The 3M Company
- Yantai Tomley Hi-tech Advanced Materials Co., Ltd.
- Morgan Advanced Materials
- Rogers Corporation
On March 23, 2020, UBE Industries, ltd, announced their acquisition of Premium Composite Technology North America, inc. (PCTNA), a consolidated subsidiary of Toyota Tsusho Corporation. PCTNA engages in commissioned manufacturing of chemical compounds in the United States which will help UBE Industries expand their compound manufacturing business in North America.
On January 21, 2019, Denka Company Limited invested USD$ 73.4 million to boost their production capacity of thermally conductive materials such as silicon nitride ceramic.
Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=510103
The Asia-Pacific region dominates the Silicon Nitride Market within the forecast period of 2022-2027.
The growth in the automotive sector and aerospace sector within the forecast period of 2022-2027 proves to be a great driver for the Silicon Nitride Market.
Sintered silicon nitride is the most popular type of silicon nitride due to its excellent shock and temperature resistance.
A. Ceramic Coatings Market
B. Marine Diesel Engine Market
For more Chemicals and Materials Market reports, please click here
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to email@example.com to discuss more about our consulting services.
Venkat Reddy Sales Director Email: firstname.lastname@example.org Website: https://www.industryarc.com Phone: (+1) 970-236-3677
PR-Wirein, Reportedtimes, Extended Distribution, Research Newswire, English
Phone: (+1) 970-236-3677