Carborundum Market Growth by Key Players: CUMI Murugappa, Norstel AB, Snam Abrasives, Saint-Gobain Ceramics Materials and Gaddis engineered Materials

Carborundum Market size has significantly evolved with time it has gained popularity as a useful material in several end user applications. Advanced and high-tech technology has raised the product demand.

Growing steel, energy, aviation and automobile industry will drive carborundum market. Soaring steel processing and manufacturing industries demand will further support the industry growth. SiC semiconductors have started replacing pure silicon technology semiconductors, in turn, having a positive impact on the industry size.

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Surging power and steel industry sector in several regions globally are likely to fuel the industry growth. Low level of tolerances in its applications and high precision required in manufacturing components may act as a restraint in the global market. Moreover, expensive manufacturing cost involved in producing SiC and development of gallium nitride may limit the future evolution of carborundum market.

Carborundum is a crystalline compound made up of silicon and carbon, it is sometimes referred as silicon carbide (SiC). It exhibits superior properties which includes high thermal conductivity, high strength, low density, low thermal expansion, hardness and high thermal shock resistivity. Owning such exceptional properties it is widely accepted as semiconductor over silicon semiconductors. It can be used in harsh conditions owing to these distinct properties.

Carborundum market is available in several types including green, black, coated, metallurgical, refractory and micro grit SiC. Among these types, black and green SiC leads carborundum market. Black SiC is likely to grow significantly owing to increasing abrasive wheels & refractory, ceramics and steel industry.

Carborundum is one of the toughest materials known and has excellent physical properties which makes it a useful material in various applications. Based on its applications, carborundum market is divided into steel & energy, automotive, military & defence, medical & healthcare, aerospace & aviation, electronics & semiconductors and fabrications chemical jewellery. Amongst, Steel and energy application sector dominate the industry. Increasing pharmaceuticals and health sector are likely to boost the industry size.

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Asia Pacific is anticipated to witness a tremendous growth in carborundum market which can be attributed to its rapid industrialization and urbanization. It is extensively used as an abrasive material in producing drill tips, blades and abrasive surfaces, in turn, reinforcing the SiC industry. Emerging economies including India and China has witnessed intensification in energy and steel sector which will enlarge the product demand. MEA region holds a strong carborundum market with increasing infrastructural and energy & steel activities in the region.

Global carborundum market is competitive in nature owing to the presence of various market leaders. Prominent industry participants present worldwide includes CUMI Murugappa, Norstel AB, Snam Abrasives, Saint-Gobain Ceramics Materials and Gaddis engineered Materials. Several other industry players are ESk-SIC, ESD-SIC, Timcal, Entergis, Grindwell Norton and AGSCO.

Numerous vendors are involved in research and development process, in launching new products and are also adopting mergers & acquisitions strategy to compete in industry. In 2016, Infineon Technologies developed a new silicon carbide technology, ‘MOFSET’ which allows product designs to achieve precise level of power density and performance. Using this technology would help manufacturers in reducing weight & space, cooling requirements and system costs.

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