Silicon Nitride Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Silicon Nitride Market Outlook -2027

Silicon nitride is a chemical compound of elements silicon and nitrogen, and is thermodynamically stable. Its applications include machine parts, cutting tools, turbine rotor blades, and composites among others. It is a non-oxide advanced ceramic material characterized by hardness, toughness, higher strength, and superior thermal & chemical stability. Silicon nitride exhibits high temperature strength and improved thermal shock resistance, which make it ideal for use in gas turbines and automotive engines. in addition, it possesses wear resistance and high electric conductivity. 

COVID-19 scenario analysis

The outbreak of the novel coronavirus (COVID-19) has severely impacted all aspects of businesses, including the silicon nitride market.

• With the WHO declaring the COVID-19 outbreak a pandemic, automobile manufacturing plants are being shuttered, globally and vehicle sales are dropping dramatically. As the automobile sector is a major consumer of silicon nitride, it has severely affected the silicon nitride manufacturers across the globe.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis:

Sintered silicon nitride is the most suitable material for manufacturing of turbocharger rotor for its superior mechanical strength at high temperature and lightweight. Manufacturers are substituting metal rotor by silicon nitride, which resulted in a significant reduction of inertia moment and improvement of engine response. Thus, consumption of silicon nitride is anticipated to grow at significant pace during the near future. Moreover, increase in demand for engine downsizing is assisting the sales of turbochargers, which, in turn, is driving the growth of global silicon nitride market.

Rise in use of silicon nitride in semiconductors is a significant factor driving the growth of the silicon nitride market. Silicon nitride is widely used in semiconductor materials, due to its ability to provide a blend of thermal and mechanical properties. Silicon nitride is used in the manufacturing of organic photovoltaic (OPV) for converting solar energy into electrical energy using an electronic junction. In addition, it is used in manufacturing integrated circuits and consumer electronics such as displays, projectors, solar cells, gaskets, wearable electronic devices, and lighting devices. With surge in urban population, rise in disposable incomes, robust supply chains, digitalization, and high internet penetration, the demand for consumer electronics is anticipated to escalate at a considerable rate, which will consequently boost the demand for silicon nitride.

The Asia-Pacific region accounted for the largest share of the silicon nitride market. This is attributed to high demand for silicon nitride in the automotive industry from the emerging economies such as India and China. The market in the European region is expected to grow at a significant rate with the presence of major manufacturers, such as AlzChem, in the region.  

Key benefits of the report

• This study presents the analytical depiction of the global silicon nitride industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global silicon nitride market share.
• The current market is quantitatively analyzed to highlight the global silicon nitride market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global silicon nitride market research report:

• Which are the leading market players active in the global silicon nitride market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Silicon Nitride Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights