Silicon Nitride Market | Consumption, Drivers, Top Leading Countries, Trends, Forces Analysis
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) Market 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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