Silicon Nitride Market
Silicon Nitride Market Forecasts to 2030 - Global Analysis By Type (Hot Pressed Silicon Nitride (HPSN), Reaction Bonded Silicon Nitride (RBSN) and Sintered Silicon Nitrides (SSN)), End User (Automotive, Aviation & Aerospace, Medical, Solar and Other End Users) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $1.39 BN |
|
Projected Year Value (2030) |
US $2.57 BN |
|
CAGR (2023 - 2030) |
9.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Silicon Nitride Market is accounted for $1.39 billion in 2023 and is expected to reach $2.57 billion by 2030 growing at a CAGR of 9.2% during the forecast period. One innovation in the manufacturing of cutting-edge materials with distinctive thermal and mechanical characteristics is silicon. It is a silicon- and nitrogen-based non-metallic inorganic chemical. Refined material particles are combined to create a slurry, from which desired forms are created and finalized in high-temperature and high-pressure furnaces to create silicon nitride.
Market Dynamics:
Driver:
Automotive industry is experiencing increasing demand
In the automotive sector, silicon nitride is frequently utilized in bearings, turbochargers, and engine parts. Due to silicon nitride's superior mechanical and thermal qualities, it is increasingly being used in automobiles in order to satisfy growing demand for lightweight materials, higher fuel efficiency, and lower emissions. The demand for silicon nitride is further fueled by the automotive industry's concentration on electric and hybrid vehicles since it provides electrical insulation and high-temperature resistance.
Restraint:
High price
Due to the sophisticated manufacturing procedures and specialized machinery needed to produce silicon nitride, production costs are relatively high. The high cost of silicon nitride is a result of the high cost of raw materials like silicon and nitrogen precursors as well as the energy-intensive manufacturing procedures. Its high price may prevent it from being widely used, particularly in regions or uses where cheaper materials are accessible.
Opportunity:
Increasing demand in the sector of renewable energy
Globally, the use of solar power and other renewable energy sources is increasing significantly. Solar cells are made using silicon nitride as a passivation layer and anti-reflective coating. By lowering reflection losses and increasing light absorption, it contributes to solar panels' increased durability and efficiency. The growth of the solar energy sector fuels the demand for silicon nitride as the desire for sustainable and clean energy sources rises.
Threat:
Limited supply of raw materials
The availability of silicon and nitrogen feedstocks is necessary for the manufacture of silicon nitride. Despite silicon's abundance, it can be difficult to produce the high-purity silicon needed for the synthesis of silicon nitride. Furthermore, obtaining a consistent and reliable source of nitrogen can be difficult. The silicon nitride market may be impacted by any changes in these raw materials supply, demand, price, or availability.
Covid-19 Impact:
As a result of the WHO classifying the COVID-19 outbreak as a pandemic, auto factories are closing all across the world, and vehicle sales are declining rapidly. Since the automotive industry consumes a significant amount of silicon nitride, this has had a negative impact on silicon nitride producers all over the world.
The medical segment is expected to be the largest during the forecast period
Medical segment commanded the largest share over the projection period. For usage in applications including prosthetic hips, knee joints, and dental implants, silicon nitride is a material utilized in the medical sector to manufacture surgical screws, plates, and bearings. Cervical spacers and spinal fusion devices both use silicon nitride composites. It exhibits beneficial bone affinity and is bioactive, bacterial-resistant, and biocompatible. Also, silicon nitride can offer a remarkably smooth and wear-resistant surface for products like medical industry bearings for hip and knee replacements.
The sintered silicon nitrides (SSN) segment is expected to have the highest CAGR during the forecast period
Sintered Silicon Nitrides (SSN) is projected to witness lucrative growth over the projection period. High-temperature strength, excellent thermal shock resistance, creep resistance, outstanding fracture toughness, oxidation resistance, and excellent wear resistance are just a few of the characteristics that SSN possesses. SSN is used in a variety of products, including glow plugs for diesel engines, turbochargers, pre-combustion chambers, rocker arm pads for spark ignition engines, and exhaust gas control valve parts.
Region with largest share:
Due to the use of high-tech technology and research on advanced materials with exceptional thermal and mechanical capabilities, the Asia-Pacific region is anticipated to rise. Additionally, the region's silicon nitride market is expected to increase as a result of a space research program, beneficial IT and telecommunications expansion, the automotive industry, and the current rise in electric vehicles.
Region with highest CAGR:
Due to the increasing use of silicon nitride in semiconductors, North America is predicted to experience the highest CAGR during the forecast period. Owing to its capacity to offer a combination of mechanical and thermal qualities, silicon nitride is frequently employed in semiconductor materials. The worldwide demand for consumer electronics is expected to increase significantly over the next several years due to factors including an increase in urban population, an increase in disposable income, strong supply chains, digitization, and high internet penetration. This will in turn increase the need for silicon nitride in this region.
Key players in the market
Some of the key players in Silicon Nitride market include Denka Company Limited, 3m Company, Yantai Tomley Hi-Tech Industrial, Ceramtec Gmbh, Development Co Ltd, Ube Industries Ltd, Morgan Advanced Materials, Coorstek Inc, H.C. Starck Gmbh, Toshiba Materials Co Ltd and Kyocera Corporation.
Key Developments:
In February 2019, Heraeus Electronics announced a strategic partnership with Toshiba Materials to jointly develop and produce substrates made of silicon nitride that is used in the high power electronics component.
Types Covered:
• Hot Pressed Silicon Nitride (HPSN)
• Reaction Bonded Silicon Nitride (RBSN)
• Sintered Silicon Nitrides (SSN)
End Users Covered:
• Automotive
• Aviation & Aerospace
• Medical
• Solar
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Silicon Nitride Market, By Type
5.1 Introduction
5.2 Hot Pressed Silicon Nitride (HPSN)
5.3 Reaction Bonded Silicon Nitride (RBSN)
5.4 Sintered Silicon Nitrides (SSN)
6 Global Silicon Nitride Market, By End User
6.1 Introduction
6.2 Automotive
6.3 Aviation & Aerospace
6.4 Medical
6.5 Solar
6.6 Other End Users
7 Global Silicon Nitride Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Denka Company Limited
9.2 3m Company
9.3 Yantai Tomley Hi-Tech Industrial
9.4 Ceramtec Gmbh
9.5 Development Co Ltd
9.6 Ube Industries Ltd
9.7 Morgan Advanced Materials
9.8 Coorstek Inc
9.9 H.C. Starck Gmbh
9.10 Toshiba Materials Co Ltd
9.11 Kyocera Corporation
List of Tables
1 Global Silicon Nitride Market Outlook, By Region (2021-2030) ($MN)
2 Global Silicon Nitride Market Outlook, By Type (2021-2030) ($MN)
3 Global Silicon Nitride Market Outlook, By Hot Pressed Silicon Nitride (HPSN) (2021-2030) ($MN)
4 Global Silicon Nitride Market Outlook, By Reaction Bonded Silicon Nitride (RBSN) (2021-2030) ($MN)
5 Global Silicon Nitride Market Outlook, By Sintered Silicon Nitrides (SSN) (2021-2030) ($MN)
6 Global Silicon Nitride Market Outlook, By End User (2021-2030) ($MN)
7 Global Silicon Nitride Market Outlook, By Automotive (2021-2030) ($MN)
8 Global Silicon Nitride Market Outlook, By Aviation & Aerospace (2021-2030) ($MN)
9 Global Silicon Nitride Market Outlook, By Medical (2021-2030) ($MN)
10 Global Silicon Nitride Market Outlook, By Solar (2021-2030) ($MN)
11 Global Silicon Nitride Market Outlook, By Other End Users (2021-2030) ($MN)
12 North America Silicon Nitride Market Outlook, By Country (2021-2030) ($MN)
13 North America Silicon Nitride Market Outlook, By Type (2021-2030) ($MN)
14 North America Silicon Nitride Market Outlook, By Hot Pressed Silicon Nitride (HPSN) (2021-2030) ($MN)
15 North America Silicon Nitride Market Outlook, By Reaction Bonded Silicon Nitride (RBSN) (2021-2030) ($MN)
16 North America Silicon Nitride Market Outlook, By Sintered Silicon Nitrides (SSN) (2021-2030) ($MN)
17 North America Silicon Nitride Market Outlook, By End User (2021-2030) ($MN)
18 North America Silicon Nitride Market Outlook, By Automotive (2021-2030) ($MN)
19 North America Silicon Nitride Market Outlook, By Aviation & Aerospace (2021-2030) ($MN)
20 North America Silicon Nitride Market Outlook, By Medical (2021-2030) ($MN)
21 North America Silicon Nitride Market Outlook, By Solar (2021-2030) ($MN)
22 North America Silicon Nitride Market Outlook, By Other End Users (2021-2030) ($MN)
23 Europe Silicon Nitride Market Outlook, By Country (2021-2030) ($MN)
24 Europe Silicon Nitride Market Outlook, By Type (2021-2030) ($MN)
25 Europe Silicon Nitride Market Outlook, By Hot Pressed Silicon Nitride (HPSN) (2021-2030) ($MN)
26 Europe Silicon Nitride Market Outlook, By Reaction Bonded Silicon Nitride (RBSN) (2021-2030) ($MN)
27 Europe Silicon Nitride Market Outlook, By Sintered Silicon Nitrides (SSN) (2021-2030) ($MN)
28 Europe Silicon Nitride Market Outlook, By End User (2021-2030) ($MN)
29 Europe Silicon Nitride Market Outlook, By Automotive (2021-2030) ($MN)
30 Europe Silicon Nitride Market Outlook, By Aviation & Aerospace (2021-2030) ($MN)
31 Europe Silicon Nitride Market Outlook, By Medical (2021-2030) ($MN)
32 Europe Silicon Nitride Market Outlook, By Solar (2021-2030) ($MN)
33 Europe Silicon Nitride Market Outlook, By Other End Users (2021-2030) ($MN)
34 Asia Pacific Silicon Nitride Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Silicon Nitride Market Outlook, By Type (2021-2030) ($MN)
36 Asia Pacific Silicon Nitride Market Outlook, By Hot Pressed Silicon Nitride (HPSN) (2021-2030) ($MN)
37 Asia Pacific Silicon Nitride Market Outlook, By Reaction Bonded Silicon Nitride (RBSN) (2021-2030) ($MN)
38 Asia Pacific Silicon Nitride Market Outlook, By Sintered Silicon Nitrides (SSN) (2021-2030) ($MN)
39 Asia Pacific Silicon Nitride Market Outlook, By End User (2021-2030) ($MN)
40 Asia Pacific Silicon Nitride Market Outlook, By Automotive (2021-2030) ($MN)
41 Asia Pacific Silicon Nitride Market Outlook, By Aviation & Aerospace (2021-2030) ($MN)
42 Asia Pacific Silicon Nitride Market Outlook, By Medical (2021-2030) ($MN)
43 Asia Pacific Silicon Nitride Market Outlook, By Solar (2021-2030) ($MN)
44 Asia Pacific Silicon Nitride Market Outlook, By Other End Users (2021-2030) ($MN)
45 South America Silicon Nitride Market Outlook, By Country (2021-2030) ($MN)
46 South America Silicon Nitride Market Outlook, By Type (2021-2030) ($MN)
47 South America Silicon Nitride Market Outlook, By Hot Pressed Silicon Nitride (HPSN) (2021-2030) ($MN)
48 South America Silicon Nitride Market Outlook, By Reaction Bonded Silicon Nitride (RBSN) (2021-2030) ($MN)
49 South America Silicon Nitride Market Outlook, By Sintered Silicon Nitrides (SSN) (2021-2030) ($MN)
50 South America Silicon Nitride Market Outlook, By End User (2021-2030) ($MN)
51 South America Silicon Nitride Market Outlook, By Automotive (2021-2030) ($MN)
52 South America Silicon Nitride Market Outlook, By Aviation & Aerospace (2021-2030) ($MN)
53 South America Silicon Nitride Market Outlook, By Medical (2021-2030) ($MN)
54 South America Silicon Nitride Market Outlook, By Solar (2021-2030) ($MN)
55 South America Silicon Nitride Market Outlook, By Other End Users (2021-2030) ($MN)
56 Middle East & Africa Silicon Nitride Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Silicon Nitride Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Silicon Nitride Market Outlook, By Hot Pressed Silicon Nitride (HPSN) (2021-2030) ($MN)
59 Middle East & Africa Silicon Nitride Market Outlook, By Reaction Bonded Silicon Nitride (RBSN) (2021-2030) ($MN)
60 Middle East & Africa Silicon Nitride Market Outlook, By Sintered Silicon Nitrides (SSN) (2021-2030) ($MN)
61 Middle East & Africa Silicon Nitride Market Outlook, By End User (2021-2030) ($MN)
62 Middle East & Africa Silicon Nitride Market Outlook, By Automotive (2021-2030) ($MN)
63 Middle East & Africa Silicon Nitride Market Outlook, By Aviation & Aerospace (2021-2030) ($MN)
64 Middle East & Africa Silicon Nitride Market Outlook, By Medical (2021-2030) ($MN)
65 Middle East & Africa Silicon Nitride Market Outlook, By Solar (2021-2030) ($MN)
66 Middle East & Africa Silicon Nitride Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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