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Will the market size of polysilazane continue to grow in the coming years?

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The market size of polysilazane is expected to continue to grow in the coming years for the following reasons:
According to market data predictions, according to QY Research's statistics and forecasts, the global sales of polysilazane market reached 38 million US dollars in 2023, and are expected to reach 119 million US dollars by 2030, with a compound annual growth rate (CAGR) of 19.1% (2024-2030).
From the perspective of application field development
In the field of coating materials, the global market size of high-performance anti-corrosion coatings reached 43.329 billion yuan in 2023 and is expected to grow to 52.587 billion yuan in 2029. As a high-performance coating material, the demand for high-performance coatings such as anti-corrosion, high temperature resistance, and wear resistance in aerospace, automotive, construction, and marine engineering fields continues to grow, which will promote the expansion of the market size of polysilazane.
In the field of ceramic precursors: With the increasing demand for high-performance ceramic based composite materials in industries such as aerospace and electronics, the market demand for polysilazane as an important precursor material for preparing ceramic fibers, ceramic coatings, porous ceramic materials, etc. will also correspondingly increase.
In the field of electronics and electrical engineering, industries such as 5G communication, artificial intelligence, and semiconductors are rapidly developing, and the performance requirements for electronic packaging materials, insulation materials, etc. are constantly increasing. The excellent insulation performance and thermal stability of polysilazane make its application prospects in this field broad, thereby driving market growth.
From the perspective of industry development trends
Technological progress driving: With the increase of research and development investment, the preparation technology of polysilazane continues to improve, production costs gradually decrease, and product performance continues to improve, which will further expand its application fields and market space.
Policy support and assistance: In strategic emerging industries supported by the state, such as aerospace, high-end equipment manufacturing, and new energy, polysilazane, as a key basic material, will benefit from the promotion of relevant industrial policies, and market demand is expected to be further released.

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