18th March 2020 – The global “Silicon
Carbide (SiC) market” presents a widespread and elementary study of Silicon
Carbide (SiC) business at the side of the analysis of subjective aspects which
is able to give key business insights to the readers. World Silicon Carbide
(SiC) Market analysis report offers the analytical read of the business by
learning various factors like Silicon Carbide (SiC) market growth, consumption
volume, market trends and Silicon Carbide (SiC) business price structures
throughout the forecast amount from 2012 to 2020.
The global silicon carbide market size
is expected to value at USD 4.48 billion by 2020. The market is subject to
witness a substantial growth due to increase in the demand of silicon carbide
from automobile, electronic, and aerospace industries. The rising use of
silicon carbide (SiC) in military and defense sector is significantly
propelling the growth of the market over the overcast period. Number of laws
and regulations by governmental agencies is boosting demand of the silicon
carbide (SiC) in the military applications as well. A vast set of applications
in the automotive sector of the silicon carbide (SiC) such as adoption of
carbon fiber plated silicon carbide in disc-brakes is further escalating growth
of the silicon carbide industry in recent years.
Request
a Sample Copy @ https://www.millioninsights.com/industry-reports/silicon-carbide-sic-market-size/request-sample
Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Silicon Carbide (SiC) Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market
dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Silicon Carbide (SiC)Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
The use of the silicon carbide (SiC) in
semiconductor manufacturing industry is one of key driving factors for the
expansion of the market in coming years. Globally, the silicon carbide (SiC)
market is predicted to grow at CAGR of 16.1% in forecast period, providing
numerous opportunity for market players to invest for research and development
in the industry. One of the key variants of the silicon carbide, black SiC is
expected to dominate most of the market in regards to the revenue generation
over the forecast period. Application of the black silicon carbide include
ceramic plating in bullet-proof jackets, car brakes and clutches in vehicle,
are some of the key factors responsible of the rising demand for the black
silicon carbide.
Furthermore, other application of the
black silicon carbide serves as abrasive material, in grinding and polishing of
automobile equipment, and wear-resistant. The use of black silicon carbide is
growing mainly attributed to the low cost, in comparison with green silicon
carbide. Silicon carbide is considered as an ideal alternative to the silicon
chips in the semiconductor manufacturing, growing production of semiconductor
devices is likely to escalate the growth of silicon carbide (SiC) industry in
upcoming years. Though, unavailability and growing prices associated with the
green silicon carbides coupled with requirement for high purity is
significantly limiting growth of the silicon carbide market.
Silicon carbide is commonly used as a
base ingredient for refractories on the basis of high temperature resistance.
Applications of the refractory materials ranges from heaters, ovens, large
furnaces, and containers, such applications are vital in the manufacturing
segment such as aluminum, steel alloys, and metal. Sustained growth of the
metal and cement manufacturing sectors is major factor fueling expansion of the
market.
Silicon Carbide is produced from mixture
carbon and silicon, and is considered as the only chemical amalgam of the two.
The procedure for the production of the silicon carbide involves an
electro-chemical reaction between sand and carbon elements at high temperature.
Silicon carbide is known for its abrasive properties and mainly utilized for
grinding wheels since last hundreds of years. Typical applications of the
silicon carbide include abrasives materials, refractories, ceramics, and other
high performance usages.
The silicon carbide market is divided
into regional market segment such as North America, Europe, Asia-Pacific, Latin
America and Africa. Asia-Pacific region is predicted to hold major market share
in the silicon carbide industry with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific
market with rising demand of the SiC in from healthcare and pharmaceutical
sectors, and rising investment by leading industry players due to potential
opportunities for growth in the region.
North America and Europe region has
shown major growth in recent years owing to the rise in the demand for the
black silicon carbide for manufacturing of the electronic products and
significant investment for increased production of the silicon carbide by military
and defense sectors. The key players in the silicon carbide industry are AGSCO
Co., Carborundum Universal Limited, Dow Corporations, Entegris Incorporations,
ESK-SIC GmbH, Grindwell Norton Limited, and Snam Abrasives Pty. Ltd.
At Million Insights, we work with the
aim to reach the highest levels of customer satisfaction. Our representatives
strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
For
More Information, Visit @ https://www.millioninsights.com
No comments:
Post a Comment