Silicon Nitride Market TOC
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Asia Pacific Excluding Japan Market Forecasts
Asia Pacific industry is predicted to dominate majority revenue share of 54% by 2037. Increasing demand for microelectronics and ceramic substrates, driven by the rapid growth of manufacturing facilities in the Asia Pacific region, is a reason for silicon nitride to be needed. This demand is particularly significant in China, where investments are being made to develop high quality advanced materials for a wide range of industrial applications and promote e-Mobility which could increase silicon nitride demand across the region. Rapid industrialization, infrastructure development, and economic growth are underway in the Asia Pacific region, including countries such as China, India or South Korea. Consequently, silicon nitride demand has increased across a range of applications, notably in the automobile and electronics sectors.
North American Market Statistics
The silicon nitride market in the North America region is set to hold a significant share by the end of 2037. This growth is expected to be supported by a research program in space, extraordinary growth in information technology and telecommunications, as well as the automotive industry's current surge of electric cars. Market growth will be driven by the use of silicon nitride in semiconductors, as well as lower costs for silicon nitrides are also anticipated to contribute. The silicon nitride market in the region is also expected to grow due to increasing demand for engine downsizing that results in optimal performance of vehicles. In 2016, gasoline vehicles accounted for 22% of sales, up from 3.3% in 2010. Furthermore, the potential for growth in the region, in particular in the automotive and related sectors, is further underlined by the expansion of Denka's silicon nitride ceramic substrate production in North America.
Author Credits: Rajrani Baghel
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