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Silicon Nitride Market to Witness Mounting Growth in Approaching Time

Nov 18, 2021/IndustryNewsGlobal/
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Silicon Nitride Market.

It was estimated prior to this unanticipated outbreak that the
is likely to witness an impressive
CAGR of 7.5%
during the forecast period. The growth in demand for silicon nitride is majorly due to its superior properties, such as remarkable tolerance towards abrasion, corrosion, and most chemicals. Further, it offers the highest fracture resistance than any other advanced ceramic, thus making it the most preferred material to find extensive use in various end-use industries, which is likely to drive the market during the forecast period.

Silicon nitride is a chemical compound made of elements, silicon and nitrogen. It is a white, high-melting-point solid. It is prepared by heating powdered silicon between 1300 °C to 1400 °C in a nitrogen environment. It retains fracture toughness and high strength even at very high temperatures.

Silicon nitride is used as a high-temperature structural component for gas turbines, combustor parts, and automotive engines.

Segment Analysis
Based on the product type,
the market is segmented as reaction bonded silicon nitride, hot pressed silicon nitride, sintered silicon nitride, and others. The sintered silicon nitride segment is expected to remain dominant during the forecast period. Properties such as higher thermal shock resistance, high-temperature strength, creep resistance, better fracture toughness, excellent wear resistance, and oxidation resistance are the major factors expected to drive the growth of the segment during the forecast period.

Based on the end-use industry type,
the silicon nitride market is segmented as photovoltaic, automotive, general industry, aerospace, medical, and others. The automotive industry dominated the market in 2019, and is likely to maintain its dominance during the forecast period as well. The growth of this segment is attributed to the high-temperature resistance property, which enables silicon nitride to be used in components of automobiles, such as engines. On the other hand, the medical industry is estimated to be the fastest-growing segment during the forecast period.

In terms of regions,
Asia-Pacific is estimated to be the largest as well as fastest-growing market for silicon nitride during the forecast period, with China, Japan, India, and South Korea being the major growth engines of the region. The Asia-Pacific’s market for silicon nitride is driven by its increasing consumption, majorly in the automotive industry. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

Key Players:
Key players operating in the global Silicon Nitride market are-
The 3M Company
AlzChem Group
CeramTec
Denka Company Limited
H.C. Starck GmbH
Kyocera Corporation
Morgan Advanced Materials
Toshiba Corporation
Ube Industries, Ltd.
Yantai Tomley Hi-Tech Advanced Materials

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The
Silicon Nitride
analysis report discusses the following heads in great detail:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors

Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.

Need a detailed report? Get in touch with us:
Stratview Research
Direct: +1-313-307-4176
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