Silicon Nitride Market expected to grow at a CAGR of 7.2% with Industry Size, Share and Rising Trend till 2023
[109 Pages Report] The Silicon Nitride Market size is projected to grow from USD 90 million in 2018 to USD 127 million by 2023, at a CAGR of 7.2% during the forecast period. Silicon nitride (Si3N4) is an inorganic, non-metallic compound of silicon and nitrogen. It is used as a ceramic material. It offers excellent resistance against abrasion, corrosion, and most chemicals. Among the advanced ceramics, silicon nitride has the highest fracture resistance than other advanced ceramic. Hence, these desirable properties make silicon nitride a suitable material for use in end-use industries such as solar photovoltaic, automotive, general industrial, aerospace, and medical among.
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Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Silicon Nitride Market, By Type
7 Silicon Nitride Market, By End-Use Industry
8 Silicon Nitride Market, By Region
9 Competitive Landscape
10 Company Profiles
11 Appendix
APAC is the largest silicon nitride market, and this trend is expected to continue until 2023. China accounted for the largest market in the region, followed by Japan, South Korea, and India in the year 2017. China is also projected to grow the fastest, in terms of consumption, between 2018 and 2023. There is an increase in the consumption of silicon nitride in the automotive industry. Growing innovation and the rising demand for improved products in the end-use industries are driving the use of silicon nitride in the region.
The leading silicon nitride powder manufacturers are UBE (Japan), Denka (Japan), AlzChem (Germany), H.C. Starck (Germany), Yantai Tomley Hi-Tech Advanced Materials Co. Ltd (China), and Vesta Si (Sweden). The leading players for the fabrication of silicon nitride are 3M (US), CeramTec (Germany), Kyocera Fine Ceramics (Japan), Morgan Advanced Ceramics (UK), Toshiba (Japan), Rogers Corporation (US), and CoorsTek (US). These players adopted expansions, acquisitions, new product launches, and agreements as their key growth strategies from 2014 to 2018, which helped them increase their capacities and cater to the widening customer base.
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