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The carbon nitride industry witnessed a healthy growth in the recent years owing to the rising demand for super hard materials. The Asia Pacific is a significant market for carbon nitride owing to the growing industrial activities. North America and Europe are also predicted to hold a significant share of the carbon nitride industry. This can be attributed to the growing power generation, electronics, and transportation in the regions. The rapidly expanding consumer electronics segments, especially with the rising penetration of the online retail platforms like Amazon.com (NASDAQ: AMZN) is expected to further propel the market growth.
The key trend guiding the growth of the global market for carbon nitride is sustainability. The rapid shift towards recyclable materials and renewable energy applications has increased the demand for carbon nitride. However, government regulations, manufacturing complexity, and financial instability could hamper the growth of the carbon nitride industry. In 2018, Reade International Corporation, one of the major producers of carbon nitride obtained International Organization for Standard (ISO) 9001 certificate for limiting risk through assessment of processes and improved quality standards and requirements. Such certifications among key players are expected to positively influence the market in the coming years.
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The major players in the global carbon nitride market are Reade International Corp., Nanochemazone, and Tokyo Chemical Industry Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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