Silicon Nitride (Ssn) Trends 2022, Share, Size, Future Plans ,Regional Trend, Industry Demand by Forecast to 2030
Market Overview
The major driver of the Global Silicon Nitride Market trends 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 trends has been segmented
based on type, application, end-use industry, and region.
The sintered Silicon Nitride (Ssn) Trends 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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