Silicon Nitride Market Size to Reach USD 208.6 Million at a CAGR of 7.2% by 2030 | Reports and Data

PRESS RELEASE
Published April 11, 2023

The global Silicon Nitride Market is projected to witness significant growth in the coming years due to the increasing demand for biodiesel as a renewable source of energy. Silicon Nitride is used as a catalyst in the production of biodiesel and its demand is expected to rise as more countries implement regulations and initiatives to reduce carbon emissions. The Asia Pacific region is expected to dominate the market, driven by the growing chemical and pharmaceutical industries in countries like China and India. The market is also expected to see growth in North America and Europe due to the rising demand for biodiesel and other renewable fuels.

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Top Leading Players In The Global Silicon Nitride Market Are:

3M, Denka Company Limited, Morgan Advanced Materials plc., Heraeus Holding, Reade International Corp., DuPont, Momentive, Kyocera Corporation, UBE Corporation, and The Lubrizol Corporation.

Some Key Highlights From the Report:

  • The reaction-bonded segment is expected to register a rapid revenue growth rate during the forecast period owing to increasing need for mechanical fatigue and creep resistance, oxidation resistance, and ability to produce complex shapes relatively quickly. Reaction bonded silicon nitride is utilized as fixtures to position and transfer metal pieces for procedures including induction heating and resistance welding, brazing, and soldering due to its distinct properties.
  • The high purity grade segment is expected to register a rapid revenue growth rate during the forecast period owing to growing need for more productivity, improving product lifetime, and higher thermal shock resistance properties. High purity grade always have the same shape and can be formed easily, which are used in automotive components, ball bearings, cutting tools, and aircraft components.
  • The bearings segment is expected to register a steady revenue growth rate during forecast period owing to increasing need for reduced coefficient of friction caused by extreme smoothness, higher hardness, lighter weight, and provide better corrosion resistance. The coefficient of friction for Si3N4 bearings at room temperature in air with a light load is approximately 0.001. Silicon nitride has been successfully used in a range of applications from skateboard roller bearings to auto engine components.
  • The automotive segment is expected to register a steady revenue growth rate during forecast period. The automotive industry uses silicon nitride, particularly in numerous wear and combustion elements of reciprocating engines where high-temperature stresses are common. Glow plugs, precombustion chambers (to lessen emissions or serve as a muffler), and turbochargers all use silicon nitrides in diesel engines to reduce engine lag. Also, silicon nitride is used in precise shafts, axles, tappet shims, and cam followers.

Segments covered in the report:

Product Type Outlook (Revenue, USD Million; 2019–2030)

  • Reaction-Bonded
  • Sintered Reaction-Bonded
  • Hot Pressed
  • LED/ Photovoltaic Grade
  • Ceramic Grade

Grade Outlook (Revenue, USD Million; 2019–2030)

  • Standard Grade
  • High Purity Grade

Application Outlook (Revenue, USD Million; 2019–2030)

  • Reciprocating Engine Components
  • Metal Working Tools
  • Bearings
  • Turbochargers
  • Electronic Circuit Manufacturing
  • Medical Devices
  • Solar Energy Industry
  • Ceramics and Components
  • LED Industry
  • Others

End-use Outlook (Revenue, USD Million; 2019–2030)

  • Automotive
  • Aerospace
  • Electronics and Semiconductor
  • Medical and Healthcare
  • Photovoltaic

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Regional Outlook:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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