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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Silicon Nitride Market Report Snapshots
Silicon Nitride Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global silicon nitride market attained a value of nearly USD 116.62 million.
The market is projected to grow at a CAGR of 7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 214.60 million by 2032.
The major drivers of the market include rising population, increasingly urban population, growing disposable incomes, robust supply chains, digitalisation, and high internet penetration.
The expected rise in the use of the product in semiconductors is expected to be a key trend guiding the growth of the market.
The types of silicon nitride available are Reaction Bonded Silicon Nitride (RBSN), Hot Pressed Silicon Nitride (HPSN), and Sintered Silicon Nitride (SSN), amongst others.
Silicon nitride can have different end-uses like automotive, photovoltaic, general industry, aerospace, and medical, amongst others.
The leading players in this market are UBE Industries, Ltd., Denka Company Ltd., AlzChem Group AG, Yantai Tongli High-tech New Material Co., Ltd., and 3M Company, among others.
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