Global Silicon Nitride Market Insight

Global silicon nitride is forecast to 7.21% over the next five years. According to the WK-chem Research, “Global Silicon Nitride Professional Survey Report 2022, Forecast to 2027”, the space research program, exceptional growth in IT and telecommunication, automobile industry, and the recent boom of electric vehicle are anticipating the growth of the silicon nitride market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 7.21% base on WK-chem Research regression analysis model.?

Analysts’ Viewpoint:

“These players should adopt expansions, acquisitions, new product launches, and agreements as their key growth strategies, which helped them increase their capacities and cater to the widening customer base”, said Patrick Baker, Data Analyst, in WK-chem Research.

Market insight:

The excellent properties of silicon nitride such as resistance to corrosion, abrasion, heat, and inertness to a chemical reaction, making it the most sought after the ceramic material used in a wide variety of industry. Also, the recent boom in e-mobility that requires efficient, economical, and reliable power equipment is anticipating the growth of the silicon nitride market. The per kg cost of the silicon nitride is quite high, which obstructing the growth of the silicon nitride market.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading silicon nitride companies that include: UBE Industries Ltd., Denka Company Ltd., AlzChem Group AG, H.C. Starck GmBH, 3M, CeramTec, Kyocera Corporation, Morgan Advanced Materials, Heraeus Electronics, Toshiba Electronics Devices & Storage Corporation, Rogers Corporation, and CoorsTek Inc.

Segmentation of Silicon Nitride Market:

According to the type, the market for silicon nitride is divided into: Reaction Bonded Silicon Nitride, Hot Pressed Silicon Nitride, Sintered Silicon Nitride. Sintered Silicon Nitride has the largest market share. SSN exhibits properties such as high-temperature strength, superior thermal shock resistance, creep resistance, good fracture toughness, oxidation resistance, and excellent wear resistance. SSN is used in applications such as components in glow plugs in diesel engines, pre-combustion chambers, turbochargers, rocker arm pads in spark ignition engines, and components in exhaust gas control valves.

According to the application, the market for silicon nitride is divided into: Photovoltaic, Automotive, General Industrial, Aerospace, Medical. Medical has the largest market share. In the medical industry, silicon nitride is used as a material for manufacturing surgical screws, plates, and bearings for use in applications such as prosthetic hips, knee joints, and dental implants. Silicon nitride composites are also used in cervical spacers and spinal fusion devices. It is biocompatible, bioactive, bacterial resistant, and shows excellent bone affinity.

Silicon Nitride Market: Regional Analysis

In terms of geography, the global silicon nitride market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. APAC is the largest silicon nitride market, and this trend is expected to continue recent few years. China accounted for the largest market in the region, followed by Japan, South Korea, and India. China is also projected to grow the fastest, in terms of consumption. There is an increase in the consumption of silicon nitride in the automotive industry. Growing innovation and the rising demand for improved products in the end-use industries are driving the use of silicon nitride in the region.

Cagr: 7.21%

Largest share area：Asia Pacific

largest share country：China

Product Type：Reaction Bonded Silicon Nitride, Hot Pressed Silicon Nitride, Sintered Silicon Nitride.

Application：Photovoltaic, Automotive, General Industrial, Aerospace, Medical.

Leading Company：UBE Industries Ltd., Denka Company Ltd., AlzChem Group AG, H.C. Starck GmBH, 3M