Global Silicon Nitride Ceramic Substrates Market Expected to Reach USD 156.8 Million by 2027

According to a recent market study published by Growth Market Reports titled, “Global Silicon Nitride Ceramic Substrates Market by Types, Application, and Regions: Size, Share, Trends, and Opportunity Analysis, 2020-2027”, the market was valued at USD 105.10 Million in 2019 and is expected to grow at a CAGR of 5.9% between 2020 and 2027. The global silicon nitride ceramic substrates market is anticipated to grow owing to increasing use of ceramic substrates as an alternate to metals and alloys. Rise in the demand for compact microelectronics packaging solutions is driving the ceramic substrates market during the forecast period.

The global silicon nitride ceramic substrates market is fragmented based on types, applications, and regions. Based on types, the market is divided into high thermal conductivity substrate, regular substrate, and others. On the basis of applications, the market is classified as power module, heat sinks, LED, wireless module, and others. In terms of regions, the global silicon nitride ceramic substrates market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

North America is bifurcated into countries such as the US and Canada. Latin America is further segmented into Brazil, Mexico, and Rest of Latin America, while Asia Pacific is sub-segmented into China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Philippines, Vietnam, and Rest of Asia Pacific. Europe is categorized as Germany, France, Italy, the UK, Spain, Russia, and Rest of Europe. The MEA region is divided into GCC Countries, Turkey, Egypt, South Africa, and Rest of Middle East & Africa.

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In 2020, the growth of the global silicon nitride ceramic substrates market is reduced owing to the COVID 19 pandemic. The shutdown of production activities and slowdown in the production of silicon nitride ceramic substrates and its raw materials have disrupted supply chain. Many countries have closed their national borders and have enforced lockdowns, which in turn, is hindering the market. Restrictions, stringent rules, and stoppage of international and domestic flights are hampering the market growing during COVID-19. However, the market is expected to grow at a slow pace in the future. The market growth is hampered by fluctuations in the demand and supply of global silicon nitride ceramic substrates.

As per Growth Market Reports industry analyst Vidya Jadhav, “The Global Silicon Nitride Ceramic Substrates Market is anticipated to grow during forecast period, between 2020 and 2027 owing to the rising usage of ceramic substrates as an alternate to metals and alloys. Moreover, growing demand for compact microelectronics packaging solutions is expected to propel the market. High thermal conductivity substrate is expected to be the most promising segment in the market. Key players in the market are actively focusing on R&D activities to develop silicon nitride ceramic substrates.”

Key Takeaways from the Study

• Players including TOSHIBA MATERIALS CO., LTD. and Rogers Corporation, together held approximately one third share of the global silicon nitride ceramic substrates market in 2018.
• Asia Pacific accounts for a major share of the market, followed by Europe. The market in Asia Pacific is projected to expand at significant CAGR during the forecast period. Increasing demand for ceramic substrates has led to enhanced manufacturing of silicon nitride ceramic substrates in the region, thus propelling the market.
• The high thermal conductivity substrate segment accounts for a major share of the market and is estimated to expand at a significant CAGR during the forecast period. Increasing use of silicon nitride with high thermal conductivity is a promising factor propelling market growth for the next-generation power devices.
• Power module is leading segment of the market, as the consumption of silicon nitride ceramic substrate is high.

Report Scope

Target Audience

• Supply-side: Manufacturers, raw material suppliers, distributors, and retailers
• Demand Side: Electronics industry
• Regulatory Side: Concerned government authorities, and other regulatory bodies
• Associations and Industry Bodies: American Ceramic Society (ACS), Association for Emissions Control by Catalyst) (AECC), International Organization for Standardization (ISO), National Electrical Manufacturers Association (NEMA), Energy Regulators Regional Association (ERRA).