Top Companies in Silicon Nitride Ceramics Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research Market
Silicon Nitride Ceramics Market is projected to reach a value of USD 740.5 Million by 2028 at a CAGR (Compound Annual Growth Rate) of 1.2% over the forecast period.
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Market Overview
The Global Silicon Nitride Ceramics Market is valued at USD 689.5 Million in 2021 and is projected to reach USD 740.5 Million by 2028 at a CAGR of 1.2% over the forecast period. The market for Silicon Nitride Ceramics is expanding due to the widespread usage of ceramic substrates as an alternative to metals and alloys. A significant factor in the surge in demand for Silicon Nitride Ceramics is the rise in demand for compact microelectronics packaging solutions. The turbocharger rotor, along with the widespread use of silicon nitride in gas turbine components and vehicle engines, is another factor propelling the growth of the Silicon Nitride Ceramics market.
The increase in interest in Silicon Nitride Ceramics, a substitute material for semiconductors, is thought to stimulate the market's expansion. The market is encouraged to grow by the rising popularity of electric vehicles and other electronic devices.
Other elements contributing to the Silicon Nitride Ceramics market's expansion include the rising demand for ceramic substrates in the power module industry and the expanding necessity for Silicon Nitride Ceramics substrates in electronic applications.
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Amidst Exponential Growth in Silicon Nitride Ceramics Adoption, What Trends Should We Look Forward to?
- Improvements in the medical field are one of the major trends that analysts anticipate seeing in the Silicon Nitride Ceramics market. The expansion of Silicon Nitride Ceramics could benefit from the growth of silicon nitride as a biocompatible material in the medical field. These are employed more and more in developing medical implants and prostheses.
- In the Silicon Nitride Ceramics market, rising demand from the car sector is another trend that will persist. Silicon Nitride Ceramics are gaining popularity as a material for additive manufacturing processes in the automotive industry to meet the growing demand for lightweight, highly durable components for fuel-efficient and environmentally friendly vehicles. As a result, less metal waste is produced during production.
- A manufacturing technique called 3D printing makes it possible to produce intricate structures and shapes with accuracy and precision. Aerospace and automotive parts and prosthetics and implants for patients are all produced using this technology. As a result, it is anticipated that the demand for silicon nitride ceramic powders will rise in the upcoming years.
The Silicon Nitride Ceramics market is dominated by globally established players such as Toshiba Materials Co. Ltd. (Japan), Rogers Corporation (US), Kyocera Corporation (Japan), Maruwa Co. Ltd. (Japan), CoorsTek Inc. (US), Denka (Japan), Yantai Tomley Hi-tech Advanced Materials Co. Ltd. (China) and others.These companies have adopted expansion strategies, developed new products, and undertaken partnerships, collaborations, and mergers & acquisitions to gain traction in this high-growth Silicon Nitride Ceramics market.
Let's Look at the Top 5 Companies That are Taking the Silicon Nitride Ceramics Market by Storm
The Silicon Nitride Ceramics market is expected to grow from USD 689.5 million in 2021 to USD 740.5 million in 2028 due to rising vehicle production and demand for fuel-efficient and lightweight vehicles, which is likely to fuel demand and accelerate market growth. The rise in demand for compact microelectronics packaging solutions, among other growth factors, also contributed to the market expansion.
- Toshiba Materials Co. Ltd.
The silicon nitride produced by Toshiba Materials is lightweight and has superior wear and corrosion resistance qualities. These qualities lead to its employment in industrial and automotive machine parts applications. Ball blanks and other components made of silicon nitride ceramic are produced and sold by Toshiba Materials (for bearings).
- Rogers Corporation
The Rogers Corporation fosters innovation and advancements in specialized applications' performance, reliability, and efficiency. It provides solutions to enable technology for a cleaner, safer, and more connected world through cutting-edge materials like Silicon Nitride Ceramics, application knowledge, global resources, co-engineering, and design collaboration.
- Kyocera Corporation
By utilizing the power of technology to address the problems it faces as a global society, Kyocera seeks to improve the future for everyone on the planet. This goal is supported by our Kyocera Management Rationale, which calls for producing Silicon Nitride Ceramics for a range of applications in order to advance society and humanity.
- Maruwa Co. Ltd.
Products made from silicon nitride by MARUWA have outstanding qualities such as great mechanical strength, hardness, and thermal conductivity. Our silicon nitride substrates are employed in power electronics modules as they are the ideal material for extremely dependable goods.
- CoorsTek Inc.
A materials science business with 110 years of experience, CoorsTek creates unique technical silicon nitride ceramic material formulations. It serves a wide range of vital industries with manufacturing, sales, and research facilities located worldwide by developing new materials and technologies to address the most difficult component needs and problems.
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