Global Silicon Nitride Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Global Silicon Nitride Market Size

The global silicon nitride market attained a value of USD 116.62 million in 2023 and is expected to grow at a CAGR of 7% during the forecast period 2024-2032 to reach a value of USD 214.60 million by 2032. It is anticipated that the growing market for RBSN from end-user industries will drive the silicon nitride market growth in this segment.

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Silicon Nitride Industry Segmentation

Silicon nitride is a silicon and nitrogen inorganic, non-metallic compound. It is used as a component for ceramics. It provides excellent abrasion, oxidation, and extreme chemical resistance. Certain essential features of silicon nitride are its hardness, durability, high strength, high-temperature stability, and superior shock resistance. For diesel engines, the product is used mainly for glow plugs, turbocharger rotors, and hot plugs. It has excellent wear resistance as well as good electrical conductivity.

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The industry can be broadly categorised based on types and end-uses.

Based on its types, the market can be divided into:

• Reaction Bonded Silicon Nitride (RBSN)  
• Hot Pressed Silicon Nitride (HPSN)
• Sintered Silicon Nitride (SSN)
• Others

On the basis of end-uses, the industry can be segmented into:

• Automotive
• Photovoltaic 
• General Industry 
• Aerospace 
• Medical 
• Others

The EMR report looks into the regional markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

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Silicon Nitride Market Analysis

The silicon nitride industry is driven by the expected rise in the use of the product in semiconductors. Due to its ability to provide an outstanding mixture of thermal and mechanical properties, silicon nitride is commonly used in semiconductor materials.

Silicon nitride is used in the processing of organic photovoltaics (OPV) to transform solar energy into electrical energy using an electronic interface. The manufacture of integrated circuits and consumer electronics such as displays, projectors, solar cells, gaskets, digital wearable devices, and lighting systems also utilise silicon nitride. The demand for consumer electronics will increase with an increasingly urban population, growing disposable incomes, robust supply chains, digitalisation, and high internet penetration, thus, aiding the industry growth.

Competitive Landscape of Silicon Nitride Industry

The report presents a detailed analysis of the following key players in the global silicon nitride market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• UBE Industries, Ltd. (TYO: 4208)
• Denka Company Ltd. (TYO: 4061)
• AlzChem Group AG (ETR: ACT)
• Yantai Tongli High-tech New Material Co., Ltd.
• 3M Company (NYSE: MMM)
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

Key Highlights of the Report

Silicon Nitride Market Report Snapshots

Silicon Nitride Market Size

Silicon Nitride Market Analysis

Silicon Nitride Companies