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 U

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 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
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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