Silicon Nitride Market To Witness Significant Growth By 2020-2026 with prominent key players - 3M, Amedica Corporation, AlzChem, etc

According to the current analysis of Reports and Data, the global Silicon Nitride market was valued at USD 88.1 million in 2018 and is expected to reach USD 157.5 million by year 2026, at a CAGR of 7.5 percent. Silicon Nitride (Si3N4), a non-oxide ceramic has an excellent combination of material properties. They are as light weighted as silicon carbide (SiC), but their microstructure gives them excellent thermal shock resistance and their high fracture toughness makes them resistant to impacts and shocks. Si3N4 Ceramics is used for balls bearings, ceramic forming tools and automotive components and even due to its high temperature resistance; it is used for welding process.

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Key manufacturers involved in the production of Si3N4 are found to be involved in the long term distribution agreement for the product with end-users across the globe. For instance, in February 2019, Kyocera Corporation has entered into an agreement with H.C.Starck Ceramics which allows Kyocera to use H.C.Starck technology to expand its ceramic business globally.

Companies considered and profiled in this market study:
The Silicon Nitride Market study postulates constructive intuition globally which includes the companies who are the key players in this global market, such as 3M, Amedica Corporation, AlzChem, CeramTec, CoorsTek Inc., Denka Company Limited, Panadyne, Reade International Corp., TOSHIBA MATERIALS CO., LTD., UBE INDUSTRIES, LTD., Vesta Ceramics, and Yantai Tomley Hi-Tech Advanced Materials.

Further key findings from the report suggest:

1. Silicon Nitride Market is fastest growing at a CAGR of 5% in Asia Pacific followed by Europe respectively. Asia Pacific segment is led by China owing to the markets for end-use industries i.e. automotive, medical and healthcare etc.

2. Bearings and Metal working tools segment in a combined way dominated the market in 2018.

3. Middle East & Africa in the global market is anticipated to account for small share and is expected to grow at slow pace over the near future.

4. Sintered Reaction-Bonded segment will procure the highest CAGR in the global market during the forecast period.

5. Automotive has dominated the market of end-users with a share of 45.5%.

6. North America accounts for the second largest market share in this market at 27% due to huge amount EV sales and usage of silicon nitride in medical industry.

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For the purpose of this report, Reports and Data have segmented the Silicon Nitride market on the basis of product type, grade, application, end use, and region:
Product Type (Revenue, USD Million; 2016-2026)
Reaction-Bonded
Sintered Reaction-Bonded
Hot Pressed
LED/ Photovoltaic Grade
Ceramic Grade

Grade (Revenue, USD Million; 2016-2026)
Standard Grade
High Purity Grade

Application (Revenue, USD Million; 2016-2026)
Reciprocating Engine Components
Metal working tools
Bearings
Turbochargers
Electronic Circuit Manufacturing
Medical Devices
Solar Energy Industry
Ceramics and Components
LED Industry
Others

End Use (Revenue, USD Million; 2016-2026)
Automotive
Aerospace
Electronics and Semiconductor
Medical and Healthcare
Photovoltaic

Regional Outlook: (Revenue, USD Million; 2016-2026)
North America
Europe
Asia Pacific
Latin America
Middle East and Africa (MEA)

Go through our meticulously drafted TOC, Tables, Statistics, Charts, and Company profiles: - https://www.reportsanddata.com/report-detail/silicon-nitride-market

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