What is the future of Silicon Nitride Market? Know Covid Impact on
Size, Share & Forecasts

Mar 12,2021/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 Silicon Nitride Market was expected to grow at a CAGR of 7.5%
during the forecast period. However, the gradual slowing down of industries
will undoubtedly impose limits on the previously estimated growth rate.

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.

This report studies the market
covering a period of 12 years of trend and forecast. The report provides
detailed insights into the market dynamics to enable informed business decision
making and growth strategy formulation based on the opportunities present in
the market.

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:

Some of the major silicon
nitride manufacturers 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