Silicon Nitride (Ssn) Share 2022, Size Global Current and Future Plans ,Regional Trend, Industry Demand by Forecast to 2030
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.
Market Segmentation
The global silicon nitride market has been segmented
based on type, application, end-use industry, and region.
The sintered Silicon
Nitride (Ssn) Share 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.
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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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.
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.
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