Silicon Nitride Market Trends

Growth Drivers

• Growing Demand in the Aerospace Industry – After the automotive sector, silicon nitride is gaining lots of interest in the aerospace sector owing to its lightweight nature and high-temperature resistance.  Silicon nitride is used for turbines and heat exchangers, which reflects its essential role in improving the performance and efficiency of aeronautics components because of their improved thermal and mechanical properties. The silicon nitride market revenue growth is driven by increased investments in the aeronautics sector and a growing demand for commercial aircraft.
• Focus on Sustainable Manufacturing and Environmental Impact - In the future, market growth is expected to be driven by a trend towards sustainable silicon nitride production. The evolution of the silicon nitride market is being driven by efforts to mitigate environmental damage and take advantage of developments in biocompatibility materials within the medical sector, as well as an increasing electric car market. Sustainable production of silicon nitride is strongly linked to economically sound processes that minimize negative environmental impacts and are highly energy efficient. This approach not only delivers significant financial benefits to producers but also contributes to better product quality and the sustainability of the environment. Therefore, such environmental concerns raise demand for sustainable products such as good quality ceramics leading to the growth of the silicon nitride market.

Challenges

• High Production and Processing Cost Included - For several reasons, the high production and processing costs associated with silicon nitride are a major challenge to the market. Complex procedures, such as powder synthesis, shaping and sintering requiring special equipment and expertise, are involved in the production process. Compared with conventional materials, this results in an increased cost of production. In addition, the cost challenges are exacerbated by limited availability of resources like silicon and nitrogen gas with much higher purity. In particular in price sensitive industries, silicon nitride ceramics can be difficult to adopt and are a barrier for silicon nitride market growth.
• Availability of Competitive Ceramics is set to hamper the market growth in the forecast period.
• Fluctuating Raw Material Prices is set to hinder the market expansion in the upcoming period.