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Global Silicon Carbide Market 2022 Report | Size, Share, Trends, Revenue, Demand, Restraints, And Future Prospects
Silicon Carbide Market
https://www.thebusinessresearchcompany.com/global-market-reports
Silicon Carbide Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 by The Business Research Company is the most comprehensive report available on this market, with analysis of the market’s historic and forecast growth, drivers and restraints causing it, and highlights of the opportunities that companies in the industry can take on. The silicon carbide market research report helps gain a truly global perspective of the silicon carbide industry as it covers 60 geographies worldwide. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.
The regions covered in the silicon carbide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest silicon carbide market share.
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The silicon carbide market consists of sales of silicon carbide products by entities (organizations, sole traders, and partnerships) that are hard and insoluble substances used as an abrasive and electrical resistors in high-temperature devices. Silicon carbide is a crystalline chemical compound of silicon and carbon produced synthetically in the form of SiC powder. It is suitable for high power applications as it offers extreme chemical inertness, hardness, relatively low thermal expansion, high thermal conductivity, resistance to corrosion, and high force-to-weight radius.
Key competitors in the silicon carbide market include Infineon Technologies, Wolfspeed Inc, Rohm, ESK-SiC GmbH, ESD-SIC BV, Grindwell Norton Ltd., Entegris Inc., Saint Gobain Ceramic Materials GmbH, AGSCO Corporation, Carborundum Universal Limited, The Dow Chemical Company, Fuji Electric Co. Ltd., General Electric Company, Microchip Technology Incorporated, Snam Abrasives Pvt. Ltd., and STMicroelectronics.
The global silicon carbide market size is expected to grow from $1.62 billion in 2021 to $1.93 billion in 2022 at a compound annual growth rate (CAGR) of 19.6%. The growth in the silicon carbide market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The silicon carbide market is expected to reach $3.45 billion in 2026 at a CAGR of 15.6%.
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TBRC’s report segments the global silicon carbide market:
1) By Product: Black Silicon Carbide, Green Silicon Carbide
2) By Device Type: SiC Discrete Device, SiC Bare Die
3) By Application: Steel, Automotive, Aerospace, Military and Defense, Electrical and Electronics, Healthcare, Others
Read Further On The Silicon Carbide Market Here:
https://www.thebusinessresearchcompany.com/report/silicon-carbide-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Silicon Carbide Market Characteristics
3. Silicon Carbide Market Trends And Strategies
4. Impact Of COVID-19 On Silicon Carbide
5. Silicon Carbide Market Size And Growth
.....
27. Silicon Carbide Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Silicon Carbide Market
29. Silicon Carbide Market Future Outlook and Potential Analysis
30. Appendix
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