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Silicon Carbide Market could be worth US$ 712.85 million by 2027,says Premium Market Insights

10-14-2024 02:04 PM CET | Chemicals & Materials

Press release from: Premium Market Insights

Silicon Carbide Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Black Silicon Carbide and Green Silicon Carbide) and End-Use Industry (Automotive, Aerospace and Aviation, Military and Defense, Electronics and Semiconductor, Medical and Healthcare, Steel, and Others) The silicon carbide market was valued at US$ 712.85 million in 2019 and is projected to reach US$ 1,810.56 million by 2027; it is expected to grow at a CAGR of 12.5% from 2019 to 2027.

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Competitive Landscape: Silicon Carbide Market:
Silicon carbide, also known as carborundum, is a semiconductor material widely used in electronics and semiconductor industries. The physical hardness of silicon carbide makes it fit for use as an abrasive in processes such as honing, water jet cutting, grinding, and sand blasting. It is also used in the components of pumps used to drill and extract the oil in oilfield applications. Rising demand for silicon carbide in various application industries has led to an increase in the investments by manufacturers, governments, and research institutes in its production.Based on type, the silicon carbide market has been segmented into black silicon carbide and green silicon carbide. The black silicon carbide segment accounted for a larger market share in 2019, and the green silicon carbide segment is expected to register a higher CAGR in the market during the forecast period. Black silicon carbide is an extremely hard man-made mineral that possesses high thermal conductivity along with high strength at elevated temperatures, e.g., at 1000?C, SiC is 7.5-times stronger than aluminum oxide. SiC has a modulus of elasticity of ~410 GPa and can operate with the desired strength at temperatures up to 1600?C; also, it does not melt at normal temperature but dissociates at 2600?C. Black silicon carbide is usually available in the form of blocks, gains, and powder. It is employed as bonded and industrial abrasives, coated abrasives, refractories and ceramics, and refractories and ceramics. Black silicon carbide powder is widely utilized for grinding nonferrous materials, finishing tough and hard materials, and filling up ceramic parts due to its lower cost.

Fiven ASA
AGSCO Corp
Carborundum Universal Limited
ESD-SIC
ESK-SIC GmbH
Futong Industry Co. Limited
Electro Abrasives, LLC
Washington Mills
Tifor B.V.
Grindwell Norton Ltd.
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Chapter Details of Silicon Carbide Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Silicon Carbide Market Landscape
Part 04: Silicon Carbide Market Sizing
Part 05: Silicon Carbide Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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SE-mail: sales@permiummarketinsights.com
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Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.

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