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Silicon Nitride Market Size, Share and Forecast 2019-2025

08-16-2021 09:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Growing demand from end-user industries, including healthcare, electronics, industrial equipment, automobile, photovoltaic, aerospace, is expected to contribute to the growth of the silicon nitride market. The biggest driver of growth for market will be increasing market penetration of its key target applications, as it replaces other materials. Much of this is being driven by developments amongst ceramics processors, who are opening up new uses of silicon nitride with process innovations enabling, for example, more complex shapes or better surface finishes. Even for mature applications such as bearings, the demands of modern motors and engines (smaller and yet more powerful), silicon nitride is being used more and more frequently in place of steel.

To Request a Sample of our Report on Silicon Nitride Market: https://www.omrglobal.com/request-sample/silicon-nitride-market

Threats to capacity growth in silicon nitride market include factors such as increased durability (lower replacement rates) and component miniaturization due to demands such as automotive light-weighting. However, these factors are not expected to have a significant impact. Instead, the development of silicon nitride processing technologies will require greater use of the material to fabricate large parts. This will have a positive net impact on volume silicon nitride growth.

Further, as the photovoltaic industry is growing in MW terms; cells are also becoming more efficient, meaning that less material is needed to produce each MW of panels. For example, in November 2016, Trina Solar announced that it had created a multi-crystalline cell with an efficiency of 21.25%. The solar cell industry requires the most expensive grades of silicon nitride, which most producers refer to as ultra-high purity grade (with, for example, Fe < 10 ppm). This requirement is expected to stay sharp over the forecast period.

The price of solar cells has dropped dramatically in recent years. This has been particularly exacerbated by the Chinese government reduced subsidies for solar power. Silicon nitride producers see their prices hit by this downstream price pressure. Silicon nitride tends to be cheaper in the regions that are experiencing the highest volume demand growth rates, such as China. The net effect of this will be to make global revenue growth slightly lower than volume growth. However, silicon nitride is not the only option available to producers of multi-crystalline silicon but also can be used in cheaper materials such as SiC.

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A full Report of Silicon Nitride Market is Available at: https://www.omrglobal.com/industry-reports/silicon-nitride-market

Current Market Trends Covered in the Report:

Adoption of Electric and Hybrid Vehicles
Increasing Utilization of Silicon Nitride as an Alternative in Various End-User Industries
Increasing Market Penetration of Key Target Applications
The decline in Fossil Fuel-Based Vehicles
Global Silicon Nitride Market - Segmentation

By Type

Reaction-Bonded Silicon Nitride
Hot Pressed Silicon Nitride
Sintered Reaction-Bonded Silicon Nitride
Pressureless Sintered Silicon Nitride
Others (Partial Pressure Sintered Silicon Nitride)
By Grade

Standard Grade
High Purity Grade
By End-User

Electronics and Semiconductor
Automotive
Aerospace
Healthcare
Others (Photovoltaic)
Global Silicon Nitride Market –Region

North America

US
Canada
Europe

Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific

China
India
Japan
Rest of Asia-Pacific
Rest of the World

Middle East & Africa
Latin America
Company Profiles

·
3M Co.
AlzChem Trostberg GmbH
American Elements
CeramTec GmbH
Combustion Synthesis Co., Ltd.
CoorsTek, Inc.
Denka Co. Ltd.
Fineway Inc.
Gelest, Inc.
H.C. Starck GmbH
Hebei Corefra Silicon Nitride Material Co., Ltd.
KYOCERA Corp.
Merck KGaA
Morgan Advanced Materials PLC
Panadyne Inc.
Reade International Corp.
SINTX Technologies, Inc.
Toshiba Corp.
Ube Industries, Ltd.
Vesta Ceramics, LLC
Yantai Tongli Gaoke New Materials Co., Ltd.

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/silicon-nitride-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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