Silicon Nitride Market TOC
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Silicon Nitride Market size was valued at USD 148.16 Million in 2023 and is expected to reach USD 352.74 Million by the end of 2036, expanding at around 6.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of silicon nitride is assessed at USD 157.36 Million. The growth of this market can be primarily driven by the growing demand for high-quality ceramics in numerous sectors. Silicon nitride possesses amazing mechanical features along with advanced electrical insulation and high thermal stability as a result making it perfect to go in industries such as aerospace, electrical, manufacturing, and healthcare domain. In addition, the demand for silicon nitride market in ceramics is being driven by advances in biocompatibility materials in the medical and automotive sectors as well as increasing consumption of electrical vehicles. Between the time-span of 2018 to 2022 the sales of electric vehicles drastically grew from 1 million to 10 million.
For the past few times, automotive manufacturers have been focusing on integrating lightweight materials in vehicles so that they can reduce fuel efficiency, less GHG emissions, and enhance vehicle performance. With its high tensile-weight ration and exclusive resistance to thermal shock silicon nitride is utilized in the production of automotive engine parts such as pistons, turbochargers, and valves. In short integration of silicon nitride in the automotive sector would reduce the weight of vehicles leading to less GHG emission, high energy efficiency, and improved performance of vehicles.
Author Credits: Rajrani Baghel
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