Market development status of polysilazane-Iota

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News > Dynamic industry > Market development status of polysilazane

Market development status of polysilazane

In 2023, the global polysilazane market achieved significant growth, with revenues reaching $26.33 million, and is forecast to surge to $119.42 million by 2030, with a stable compound annual growth rate (CAGR) of 19.08% during the period, demonstrating the strong momentum of this market. In this growth trajectory, the Chinese market has performed particularly well, accounting for 12.81% of the global market share, while the United States dominates with a 27.28% share. The Chinese market is expected to grow much faster than the global average, with a CAGR of 39.23% over the next six years and is expected to reach $40.06 million in 2030, compared to an expected CAGR of about 10.01% for the US market.
Asia Pacific as an important engine of the global economy, its position in the polysilazane market will be further consolidated, not only China will continue to expand, but Japan, South Korea, India and Southeast Asian countries will also play a key role. In Europe, Germany is expected to continue to lead the market with a forecast CAGR of 10.56% from 2024 to 2030.
1. Application field
The application fields of polysilazane mainly include semiconductor, optoelectronics, aerospace and so on. In the semiconductor field, polysilazane is widely used in the preparation of low dielectric constant insulation layer to improve the performance and reliability of semiconductor devices. In the field of optoelectronics, polysilazane is used in the preparation of optical waveguides, optical fibers and other devices to improve the performance and stability of optical devices. In the aerospace field, polysilazane is used in the preparation of high-temperature structural materials, thermal barrier coatings, etc.
Coating materials are the largest consumer market for polysilazane, with consumption reaching 198.67 tons in 2023, accounting for 70.08%. Rapid developments in aerospace, military technology and high-end semiconductor manufacturing are continuing to drive the demand for polysilazane for coating materials. This is followed by ceramic precursors with 12.26%, which are expected to grow most rapidly over the next six years with a projected CAGR of 27.73%, despite current sales of only 34.75 tons.
2. Regional distribution
North America and Europe are the main production and consumption areas of polysilazane. Major players in the global polysilazane market include AZ Electronic Materials, Kadko, Dow Corning, Merck. In the North American market, the United States is the largest production and consumption country; In the European market, Germany, the United Kingdom, France and other countries are the main production and consumption countries. The Asia-Pacific region is one of the rapidly developing regions of polysilazane, of which China, Japan, South Korea and other countries are the main production and consumption countries. Other regions such as the Middle East, Africa and other regions of the polysilazane market size is relatively small.
The global polysilazane market is highly concentrated, with a few players holding a major market share. Merck KGaA, as the global leader, monopolized 95.46% of sales in 2023, highlighting the concentration of the industry. However, with the rise of emerging forces, especially the Chinese market, the industry is expected to become more competitive in the next few years.
3. Product type
Organic polysilazane (OPSZ) is absolutely dominant, with sales reaching 269.76 tons in 2023, accounting for 95.16% of the total global sales, and sales are contributing 86.49% of the global market. Inorganic polysilazane has a relatively small market share, but its future growth potential cannot be underestimated, with a compound growth rate of 24.74% expected from 2024 to 2030.

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