Global Silicon Nitride Share, Size ,Growth, Global Future Prospects, Key Findings, Industry Demand, Regional Analysis, Key Players Profiles and Forecasts to 2027
Market Overview
The major driver of the Global Silicon Nitride Market
is the widespread use of silicon nitride in automobile engines and parts used
in gas turbines. Another major factor driving the global silicon nitride market
is the use of silicon nitride-based ceramics in the manufacturing of efficient
and reliable power electronic components for hybrid and electric vehicles. The
increasing inclination towards the use of electric and hybrid vehicles in line
with the environmental laws is expected to fuel the demand for silicon nitride
during the assessment period.
Regional Analysis
The global market has been studied for five regions,
namely Asia-Pacific, North America, Europe, Latin America, and the Middle East
& Africa.
The largest share was held by the Asia-Pacific market
in 2018 owing to the high demand for the product in major end-use industries
such as automotive, medical, and electronics & semiconductors, among
others. The increasing disposable income per capita and the changing lifestyle
trends have resulted in high demand for electric and hybrid vehicles in the
region. Additionally, the market is driven by the high geriatric population
coupled with the increased number of surgical operations, including prosthetic hips,
knee joints, and dental implants.
The North American and European markets are expected
to witness healthy growths due to high production and sale of automobile
components in the region. The US Environmental Protection Agency and the
European Legislation regulating environmental laws to reduce the CO2 emission
are propelling the demand for silicon nitride in the automotive and aerospace
industries in these regions.
Competitive Analysis
KYOCERA Corporation (Japan), CoorsTek (US), Morgan
Advanced Materials (UK), 3M (US), UBE INDUSTRIES, LTD. (Japan), Denka Company
Limited (Japan), AlzChem Group AG (Germany), Vesta Ceramics (US), CeramTec
(Germany), TOSHIBA MATERIALS CO., LTD (Japan), Rogers Corporation (US), and
Reade International Corp (US).
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Industry News
- 4
February 2019: KYOCERA Corporation announced the acquisition of 100% shares of
H.C. Starck Ceramics GmbH, a European advanced ceramics manufacturing and
sales company.
- 21
January 2019: Denka
Company Limited announced to invest USD 0.07 billion (JPY 8 billion) to
increase the capacity of its thermally conductive materials to meet the
growing demand for electric vehicles in the automotive industry worldwide.
Market Segmentation
The global silicon nitride market has been segmented
based on type, application, end-use industry, and region.
The sintered silicon nitride (SSN) type has a high
density, which gives its better physical properties and therefore is used in
demanding applications such as molten metal handling, industrial wear, metal
forming along with the oil and gas, chemical, and process industries. SSN
covers silicon nitride materials that are densified by pressure-less sintering
in a nitrogen atmosphere at around 1750°C. Various sintering additives such as
yttrium oxide, magnesium oxide, and aluminum oxide are used to enhance
densification.
Among the various applications, the engine components
segment is expected to grow at a significant CAGR during the review period.
This is due to its use in the manufacturing of turbocharger rotor, the
performance of which influences all the important engine parameters such as
fuel economy, power, and emissions. Moreover, it is being used in the
manufacturing of power electronic components used in hybrid and electric
vehicles.
The high production and sale of lightweight and
fuel-efficient automobiles across the globe due to the stringent regulations
regarding the reduction of vehicular emission for environment protection make
the automotive end-use industry, one of the leading segment.
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