Silicon Nitride Nanoparticle Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2022–2028
According to the current analysis of Reports and Data, the global Silicon Nitride Nanoparticle market was valued at USD 102.8 Million in 2020 and is expected to reach USD 183.1 Million by year 2028, at a CAGR of 7.5 percent.
Silicon Nitride Nanoparticle (Si3N4),
a non-oxide ceramic has an excellent combination of material properties. They
are as light weighted as silicon carbide (SiC), but their microstructure gives
them excellent thermal shock resistance and their high fracture toughness makes
them resistant to impacts and shocks. Si3N4 Ceramics
is used for balls bearings, ceramic forming tools and automotive components and
even due to its high temperature resistance; it is used for welding process.
Key manufacturers involved in the production of Si3N4 are
found to be involved in the long term distribution agreement for the product
with end-users across the globe. For instance, in February 2019, Kyocera
Corporation has entered into an agreement with H.C.Starck Ceramics which allows
Kyocera to use H.C.Starck technology to expand its ceramic business globally.
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Rise in environmental worries and emission regulations
for light duty as well as heavy duty vehicles will assist the demand for
turbochargers and will push the demand for Silicon Nitride Nanoparticle for the
production of turbocharger rotors. Availability of alternative ceramic
materials is found to be one of the key factors restraining the growth of this
market over the forecast years.
Competitive
Landscape:
The report also covers
SWOT examination and Porter’s Five Forces analysis to offer details about leading
players. The key players in the market are focusing on developing new
strategies such as mergers and acquisition, joint ventures, new product
launches, agreements, and partnerships to retain their market position and
expand their product base.
Leading
companies operating in the market and profiled in the report include:
· 3M
· Amedica
Corporation
· AlzChem
· CeramTec
· CoorsTek
Inc
· Denka
Company Limited
· Panadyne
· Reade
International Corp
· TOSHIBA
MATERIALS CO., LTD
· UBE
INDUSTRIES, LTD
· Vesta
Ceramics
· Yantai
Tomley Hi-Tech Advanced Materials
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Further key findings from the report
suggest:
- Silicon
Nitride Nanoparticle Market is fastest growing at a CAGR of 5% in Asia
Pacific followed by Europe respectively. Asia Pacific segment is led by
China owing to the markets for end-use industries i.e. automotive, medical
and healthcare etc.
- Bearings
and Metal working tools segment in a combined way dominated the market in
2020.
- Middle
East & Africa in the global market is anticipated to account for small
share and is expected to grow at slow pace over the near future.
- Sintered
Reaction-Bonded segment will procure the highest CAGR in the global market
during the forecast period.
- Automotive
has dominated the market of end-users with a share of 45.5%.
- North
America accounts for the second largest market share in this market at 27%
due to huge amount EV sales and usage of Silicon Nitride Nanoparticle in
medical industry.
- Recently,
the application of Si3N4 in Aerospace and
Aeronautical applications put forward some lucrative opportunities for the
market to grow in the near future.
- The
presence of iron impurities, brittle nature of Si3N4 ceramics
and difficulty in fabrication shapes might act as the impeding factors for
the market growth.
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Segments covered in the report:
For the purpose of this report, Reports and Data have
segmented the Silicon Nitride Nanoparticle market on the basis of product type,
grade, application, end use, and region:
Product Type (Revenue, USD Million;
2020–2028)
- Reaction-Bonded
- Sintered
Reaction-Bonded
- Hot
Pressed
- LED/
Photovoltaic Grade
- Ceramic
Grade
Grade (Revenue, USD Million;
2020–2028)
- Standard
Grade
- High
Purity Grade
Application (Revenue, USD Million;
2020–2028)
- Reciprocating
Engine Components
- Metal
working tools
- Bearings
- Turbochargers
- Electronic
Circuit Manufacturing
- Medical
Devices
- Solar
Energy Industry
- Ceramics
and Components
- LED
Industry
- Others
End Use (Revenue, USD Million;
2020–2028)
- Automotive
- Aerospace
- Electronics
and Semiconductor
- Medical
and Healthcare
- Photovoltaic
Regional Outlook: (Revenue, USD Million;
2020–2028)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East and Africa (MEA)
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