Denka (Japan) and CeramTec (Germany) are the Leading Players
in the Silicon Nitride Market
[109 Pages Report] The market size of Silicon
Nitride is projected to grow from USD 90 million in 2018 to USD 127
million by 2023, at a compound annual growth rate (CAGR) of 7.2% during the
forecast period. The major driving factors for the market are the use of
silicon nitride as an alternative in end-use industries as it exhibits superior
properties than the other ceramics being used. There is a need for
high-performance materials in end-use industries such as automotive and
aerospace.
The leading players in the silicon nitride market can be
classified into silicon nitride powder producers and fabricators of silicon
nitride powder. The leading silicon nitride powder producers are UBE (Japan),
Denka (Japan), AlzChem (Germany), H.C. Starck (Germany), and Yantai Tomley
Hi-Tech Advanced Materials Co Ltd (China). The leading fabricators of silicon
nitride are 3M (US), CeramTec (Germany), Kyocera Fine Ceramics (Japan), Morgan
Advanced Ceramics (UK), Toshiba (Japan), Rogers Corporations (US), and CoorsTek
(US). These players adopted acquisitions, new product launches, and agreements
as key growth strategies between 2014 and 2018, which helped them increase
their capacities and cater to the widening customer base.
CeramTec (Germany) manufactures and distributes products such
as aluminum oxide, piezo ceramics, silicate ceramics, zirconium oxide, aluminum
nitride, silicon carbide, and silicon nitride. These products are used in
end-use industries such as automotive, aerospace, machinery, electronics, and
medical equipment. CeramTec acquires UK electro-ceramics business from Morgan
Advanced Materials. Morgan Advanced Materials have business segments, namely,
industrial, petrochemical, transportation, security & defense, energy,
electronics, and healthcare. The company's subsidiary, Morgan Technical
Ceramics, manufactures products such as alumina, aluminum nitride, diamond-like
carbon, pyrolytic boron nitride, fused silica, silica zircon, silicon carbide,
magnesium oxide, alumina silicates, mulita, silicon nitride, braze alloys,
zirconia, and nilcra SiAlON. This acquisition by CeramTec is expected to
increase the business of the company, which will serve the needs of end-use
industries such as electronics, medical, and defense.
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