Global silicon nitride market is expected to rise to an estimated value of USD 180.53 million by 2026, registering a CAGR of 7.58% in the forecast period of 2019-2026. Increasing demand of silicon nitride from various end industries is major factor for the growth of this market.
The silicon nitride market is driven by a wide range of applications of silicon nitride in the manufacture of automotive turbochargers. The use of silicon nitride as an alternative in the end-use industry is also driving the growth of the silicon nitride market. The manufacturing process of silicon nitride is complex and expensive. In addition to this, the beneficial development of the silicon nitride market is limited because ceramics such as alumina, silicon carbide, etc. are available as alternatives. The adoption of electric and hybrid vehicles and the development of silicon nitride as a biocompatible material in the medical industry will drive the growth of the silicon nitride market in the future.
A full report of Silicon Nitride Market available at: https://www.orionmarketreports.com/silicon-nitride-market/10796/
Key Market Competitors:
Few of the major competitors currently working in the global silicon nitride market are UBE INDUSTRIES, LTD., Denka Company Limited., AlzChem Group AG, H.C. Starck GmbH, 3M, CeramTec, KYOCERA Corporation, Morgan Advanced Materials, Toshiba Corporation, Rogers Corporation, Reade International Corp, Panadyne, Dynamic Ceramic, SINTX Technologies, CoorsTek Inc., among others.
Silicon Nitride Market- Segmentation
By Type
• Reaction Bonded Silicon Nitride
• Hot Pressed Silicon Nitride
• Sintered Silicon Nitride
By End-User
• Automotive
• Photovoltaic
• General Industry
• Aerospace
• Medical
• Others
By Grade
• Standard Grade
• High Purity Grade
By Application
• Reciprocating Engine Components
• Bearings
• Metal Working Tools
• Electronic Circuit Manufacturing
• Medical Devices
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