High demand for turbocharger, product launches, increasing strategic developments such as partnerships and agreements are key factors contributing to high CAGR of Silicon Nitride during forecast period.
Market Size – USD 88.1 million in 2018, Market Growth - CAGR of 7.5%, Market Trends – Product launches and research for silicon nitride products
NEW YORK, May 20, 2019 (GLOBE NEWSWIRE) -- According to the current analysis of Reports and Data, the global Silicon Nitride market was valued at USD 88.1 million in 2018 and is expected to reach USD 157.5 million by year 2026, at a CAGR of 7.5 percent.
Silicon Nitride (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.
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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.
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 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.
Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented the Silicon Nitride market on the basis of product type, grade, application, end use, and region:
Product Type (Revenue, USD Million; 2016–2026)
Grade (Revenue, USD Million; 2016–2026)
Application (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
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Regional Outlook (Revenue, USD Million; 2016-2026)
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