Silicon Nitride Ceramic Substrates Market Outlook
The global silicon nitride ceramic substrates market size was valued at USD 105.1 Million in 2019 and is projected to reach USD 156.8 Million by 2027 expanding at a CAGR of 5.9% during the forecast period.
Silicon nitride comes with high thermal conductivity, which has developed as an encouraging material for future power devices. Ceramic substrates and ceramics have favorable properties such as low electrical & thermal conductivity, corrosion resistance, and resilient to plastic distortion.
Ceramic substrates are used in microelectronics its mechanical properties lend themselves to be carriers for components. They provide strength and heat dissipation and are used in power semiconductor modules, converters, and substitutes for other insulating materials. Silicon nitride ceramic substrates has developed dependability and are extensively used in various electric module. Ceramics are seamless and ideal for cast-off as substrates in high temperature and high-power devices.
Ceramic substrates play an important role in power electronic device technology by scattering heat, where mechanical strength and high thermal conductivity are required. Enlarged power of new devices has led to the replacement by high thermal conducting substrate and further base substrates. The anisotropic thermal/mechanical properties or low-slung power-driven strength are bottlenecks for the practical use of these materials in high power electronic devices.
Silicon Nitride Ceramic Substrates Market Dynamics
The growth of the market is attributed to the increasing use of ceramic substrates, as an alternate to metals and alloys. Increasing demand for compact microelectronics packaging solutions is a significantly driving the growth of the ceramic substrates market.
However, high procurement and raw material costs are expected to hamper market growth. Regular substrate are widely used ceramic substrates, as they meet the requirements of insulating materials for applications in power module. Regular substrates are widely used in LED and heat sinks applications, as they are inexpensive.
Silicon Nitride Ceramic Substrates Market Segment Insights
Types Segment Analysis
On the basis of types, the market is divided into high thermal conductivity substrate, regular substrate, and others. The high thermal conductivity substrate segment accounts for a major share of the market and the regular substrate segment is anticipated to expand at a considerable CAGR during the forecast period.
Silicon nitride with high thermal conductivity substrate has emerged as one of the most promising substrate materials for the next-generation power devices, which is expected to boost segment growth.
Application Segment Analysis
In terms of applications, the market is divided into power module, heat sinks, led, wireless module, and others. The power molecule segment holds significant share of the market; however, the LED and wireless module segments are anticipated to expand at a substantial pace during the forecast period.
Silicon nitride powder is a major material used for making nitride ceramic substrates. Silicon nitride ceramic substrate is a niche market and is affected by changes in raw material prices.The demand for ceramic substrates in the power module industry is increasing due to the high consumption of power module items among the population. Asia Pacific is expected to constitute a key share of the market owing to an increase in the demand for ceramic substrates in electronic applications.
Technical expenses and association with downstream users are essential some of the essential factors driving market growth. The power module is a major application of silicon nitride ceramic substrate and accounted for a significant share of the market LED, heat sinks, and wireless modules are important applications of silicon nitride ceramic substrate.
Regional Analysis
In terms of regions, the global silicon nitride ceramic substrates market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a significant pace during the forecast period. Asia Pacific is expected to dominate the market during the forecast period due to rising disposable income and increasing demand for electronics.
The market in Europe is estimated to expand at a substantial CAGR during the forecast period, as Germany is a leading supplier of silicon nitride ceramic substrate. The demand for silicon nitride ceramic substrates is expected to increase rapidly in the electronics sector in these regions owing to technology advancements, development of innovative products, raw material affluence, and increasing adoption of technologies.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global silicon nitride ceramic substrates market
- Historical, current and projected market size in terms of value and volume
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on global silicon nitride ceramic substrates market performance
Segments
Types
- High Thermal Conductivity Substrate
- Regular Substrate
- Others
Applications
- Power Module
- Heat Sinks
- LED
- Wireless Module
- Others
Regions
- North America
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC Countries
- Turkey
- Egypt
- South Africa
- Rest of Middle East & Africa
Key Market Players Profiled in the Report
Competitive Landscape
Top players operating in the market include TOSHIBA MATERIALS CO., LTD., Rogers Corporation, KYOCERA Corporation, MARUWA Co., Ltd., CoorsTek Inc., Denka, and Yantai Tomley Hi-tech Advanced Materials Co. Ltd. (Yantai Tongli Gaoke New Material Co., Ltd.). These companies are considered as key manufacturers of silicon nitride ceramic substrates based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
These players are adopting key strategies such as acquisition, collaborations, and geographical expansion to gain market share. For instance,
- In 2019, Toshiba Materials Co., Ltd partnered with the Heraeus Company. Heraeus and Toshiba jointly develop silicon nitride ceramic substrates.
- In 2019, Denka Company Limited increased investment related to the Thermally Conductive Materials for Automotive Applications. This action of the company helps them to make position in the global market as demand for the automotive application increased.
- In 2018, CoorsTek Inc. launched different engineered ceramics, thereby increasing its product portfolio and revenue.
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