Global auto sales are expected to decline by 16% due to the impact of the epidemic, and the silicon nitride market will be affected

According to CNBC, data from RBC Capital Markets show that the ripple effect of the new coronavirus pneumonia epidemic on consumer demand may lead to a 16% decline in global car production in 2020, while U.S. car sales are expected to decline by 20 %. Royal Bank of Canada Capital Markets said its latest forecast of a 16% decline in global car production was made "from a demand perspective," including a 50% reduction in retail sales in China so far this year.
In February this year, China's auto sales were 310,000 units, a year-on-year decrease of 79.1%. Cumulative sales from January to February were 2.238 million units, a year-on-year reduction of 42%. "We believe the U.S. may be similarly affected until the economy recovers later this year," Joseph Spak, capital markets analyst at Royal Bank of Canada, wrote in a report to investors on Monday.
Previously, market data analysis agency LMC Automotive lowered its U.S. auto sales forecast for 2020 by 300,000 units to 16.5 million units, which would be the industry's lowest level since 2014. Morgan Stanley, for example, expects U.S. auto sales to fall 9% this year, from 15.1 million units in 2019 to 15.5 million units. Analysts had expected a slight decline of 1-2%.
Kristin Dziczek, vice president of the American Automobile Research Center, said, "I haven't seen any car company that can stand alone in the epidemic, and everyone will be affected. The point is, for several months, To what extent and to what extent have they mitigated the existing risks. "Dezizek believes that the new problem facing the U.S. auto industry will be the disruption of supply sources and the industry's transition from a" supply crisis to a demand crisis " Great evolution, and this could have broad economic consequences.
The strength of silicon nitride, especially hot-pressed silicon nitride, is one of the hardest substances in the world. It is incredibly resistant to high temperatures, and its strength can be maintained up to 1200 ° C without decreasing. It will not melt into melt after being heated. It will not decompose until 1900 ° C. It has extreme chemical resistance and can resist almost all inorganic acids. And caustic soda solution below 30%, it is also resistant to the corrosion of many organic acids; it is also a high-performance electrical insulation material. The heating plug made of silicon nitride is used for diesel engines and has excellent durability at high temperatures.
As one of the largest producers of silicon nitride , Trunnano has been committed to the development of the international market for silicon nitride materials. If you are interested in silicon nitride , please contact Rachel, Global Marketing Leader at Trunnano.

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