Silicon nitride industry analysis: Global sales will reach US$70 million in 2023 - QYResearch

According to QYResearch's Silicon Nitride Industry Analysis, this report provides a basic overview of its market, including definition, classification, application and industry chain structure, while also discussing development policies and plans as well as manufacturing processes and cost structures, analyzing its market development status and Future market trends, and analyze the main production areas, main consumption areas and main manufacturers of its market from the perspectives of production and consumption.

With the continuous advancement of communication technology, the demand for high-speed and high-frequency optical communication equipment is also increasing. Silicon nitride has excellent optical properties and good heat resistance, making it one of the ideal materials in the field of photonics device manufacturing. Therefore, the application of silicon nitride in optical communication equipment, optical sensors, lasers and other fields has gradually increased, promoting the expansion of the market size.

The Chinese government has given great attention and support to the development of new energy vehicles and high-performance materials in recent years. With the vigorous development of the new energy automobile industry, the demand for high-performance materials such as silicon nitride is also growing. At the same time, the government also encourages scientific research institutions and enterprises to increase research and development efforts, promoting innovation in silicon nitride technology and products. This series of supporting policies provides a good development environment for the silicon nitride market and further promotes the expansion of the market scale.

The silicon nitride market size is expected to exceed the US$5 billion mark in the next few years, further expanding its market share. Silicon nitride plays an important role in a variety of applications, and its excellent performance characteristics and wide range of uses make it the material of choice in many industries. Due to the impact of the epidemic, the production growth rate of the high-purity silicon nitride industry has declined significantly in 2020, from 43.49% growth rate in 2019 to 8.57% growth rate. The high-purity silicon nitride market output in 2020 was 874 tons.

Silicon nitride market size analysis in 2023: silicon nitride market output is 874 tons

With the rapid development of smart driving and electric vehicle technology, the demand for high-temperature, high-frequency and high-power electronic devices is also increasing. Silicon nitride material is widely used in the field of automotive electronics due to its excellent high temperature resistance and electrical properties. Silicon nitride power devices can provide more efficient power conversion, and their application in battery management systems and charging piles for electric vehicles can enable faster charging and safer power transmission. These factors together promote the further development of the silicon nitride market.

With the rapid development of 5G communication technology, the demand for silicon nitride materials for key components such as high-frequency power amplifiers and radio frequency switches is also growing. In addition, silicon nitride is also widely used in fields such as energy storage, solar energy and LED lighting. The continuous development of these industries and their reliance on high-performance materials provide continued growth momentum for the size of the silicon nitride market.

The silicon nitride industry market has broad application prospects in many fields. Nowadays, with the continuous advancement of technology and the growing market demand, it is believed that the silicon nitride market will continue to develop and grow. In addition, due to its wide bandgap properties, silicon nitride is also widely used in the manufacture of ultraviolet and blue lasers for research in fields such as photocatalysis and photowater splitting.

In short, the silicon nitride market has huge potential and broad prospects. With its wide application in electronics, optoelectronics, chemical industry and other fields, the market size is expected to continue to expand. Government support and the promotion of technological innovation will also further promote the development of the silicon nitride industry. Against the background of rapid global economic development and technological advancement, the silicon nitride market will become a popular area for investors to pay attention to and participate in.

What are the future industry market development prospects and investment opportunities? For specific details, please click to view silicon nitride industry research. The QYResearch report conducts specific investigations, research, and analysis of various factors related to the industry, provides insights into the future development direction of the industry, the evolution of the industry's competition landscape, as well as technical standards, market size, potential problems, and the crux of industry development, and evaluates the investment value of the industry. The degree of effect and benefit, constructive opinions and suggestions are put forward, and a reference basis is provided for industry investment decision-makers and business operators.