Silicon Nitride Market | Key players: Key players operating in the silicon nitride market include UBE, Denka, AlzChem, H.C. Starck, Yantai Tomley Hi-Tech Advanced Materials Co. Ltd, Vesta Si, 3M, CeramTec, Kyocera Fine Ceramics, Morgan Advanced Ceramics,

According to recent market research "Silicon Nitride Market by Type (Reaction Bonded Silicon Nitride, Hot Pressed Silicon Nitride, Sintered Silicon Nitride), End-use Industry (Photovoltaic, Automotive, General Industrial, Aerospace, Medical), and Region - Global Forecast to 2023", The silicon nitride market is estimated at USD 90 million in 2018 and is projected to reach USD 127 million by 2023, at a CAGR of 7.2% between 2018 and 2023.

The need for high-performance materials in demanding applications is expected to drive the market.

Browse 85 market data Tables and 34 Figures spread through 109 Pages and in-depth TOC on "Silicon Nitride Market - Global Forecast to 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/silicon-nitride-market-55313811.html

[109 Pages Report] The market size of silicon nitride is projected to grow from USD 90 million in 2018 to USD 127 million by 2023, at a CAGR of 7.2% during the forecast period. Silicon nitride (Si3N4) is an inorganic, non-metallic compound of silicon and nitrogen. It is used as a ceramic material. It offers excellent resistance against abrasion, corrosion, and most chemicals. Among the advanced ceramics, silicon nitride has the highest fracture resistance than other advanced ceramic. Hence, these desirable properties make silicon nitride a suitable material for use in end-use industries such as solar photovoltaic, automotive, general industrial, aerospace, and medical among.

Medical is projected to be the fastest-growing end-use industry during the forecast period.

In the medical industry, silicon nitride is used as a material for manufacturing surgical screws, plates, and bearings for use in applications such as prosthetic hips, knee joints, and dental implants. Silicon nitride composites are also used in cervical spacers and spinal fusion devices. It is biocompatible, bioactive, bacterial resistant, and shows excellent bone affinity.

Also, silicon nitride can provide an exceptionally smooth and wear-resistant surface for applications, such as bearings for hip and knee replacements in the medical industry. The market for silicon nitride in the medical industry is in the nascent stage and is expected to grow the fastest in the coming years.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=55313811

The global market size of silicon nitride is projected to grow from USD 90 million in 2018 to USD 127 million by 2023, at a compound annual growth rate (CAGR) of 7.2% during the forecast period. The major driving factors for the market are the use of silicon nitride as an alternative in end-use industries as it exhibits superior properties than the other ceramics being used. There is a need for high-performance materials in end-use industries such as automotive and aerospace.

The leading players in the silicon nitride market can be classified into silicon nitride powder producers and fabricators of silicon nitride powder. The leading silicon nitride powder producers are UBE (Japan), Denka (Japan), AlzChem (Germany), H.C. Starck (Germany), and Yantai Tomley Hi-Tech Advanced Materials Co Ltd (China). The leading fabricators of silicon nitride are 3M (US), CeramTec (Germany), Kyocera Fine Ceramics (Japan), Morgan Advanced Ceramics (UK), Toshiba (Japan), Rogers Corporations (US), and CoorsTek (US). These players adopted acquisitions, new product launches, and agreements as key growth strategies between 2014 and 2018, which helped them increase their capacities and cater to the widening customer base.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55313811

Denka is one of the leading players in the silicon nitride market. The company manufactures silicon nitride under its electronics & innovative products business segment. Denka has its presence in APAC, North America, the Middle East & Africa, and Europe. The company’s product offering includes silicon nitride powder as well as silicon nitride substrates. Denka also adopted inorganic and organic growth strategies to maintain its position in the global silicon nitride market. In January 2019, the company has planned to make an investment for the expansion of its silicon nitride ceramic substrates manufacturing by three folds. The expansion is expected to help the company cater to the demand for silicon nitride in automotive applications. The plant is expected to be operational by 2021. In November 2018, Denka and Mitsubishi Materials Corporation (Japan) reached an agreement to jointly develop ceramic substrates that can be used in the power module for the motor drive of EVs and other eco-friendly vehicles. This would help Denka’s plan toward full-fledged mass production of ceramic substrates for EVs.

CeramTec (Germany) manufactures and distributes products such as aluminum oxide, piezo ceramics, silicate ceramics, zirconium oxide, aluminum nitride, silicon carbide, and silicon nitride. These products are used in end-use industries such as automotive, aerospace, machinery, electronics, and medical equipment. CeramTec acquires UK electro-ceramics business from Morgan Advanced Materials. Morgan Advanced Materials have business segments, namely, industrial, petrochemical, transportation, security & defense, energy, electronics, and healthcare. The company's subsidiary, Morgan Technical Ceramics, manufactures products such as alumina, aluminum nitride, diamond-like carbon, pyrolytic boron nitride, fused silica, silica zircon, silicon carbide, magnesium oxide, alumina silicates, mulita, silicon nitride, braze alloys, zirconia, and nilcra SiAlON. This acquisition by CeramTec is expected to increase the business of the company, which will serve the needs of end-use industries such as electronics, medical, and defense.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/silicon-nitride-market.asp

This release was published on openPR.