Green SiC Market: An Overview of the Changing Dynamics, Forecast, 2026-2031

According to the report published by Allied Market Research, the global green SiC market generated $0.9 billion in 2021 and is projected to reach $2.8 billion by 2031, growing at a CAGR of 12.3% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

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The report offers detailed segmentation of the global green SiC market based on application, end-use industry, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.

Based on application, the abrasion segment held the dominating market share in 2021, holding nearly one-third of the global green SiC market, and is expected to maintain its leadership status during the forecast period. The grinding segment, on the other hand, is expected to cite the fastest CAGR of 12.9% during the forecast period.

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Based on end-use industry, the mechanical segment held the dominating market share in 2021, holding nearly one-third of the global green SiC market, and is expected to maintain its leadership status during the forecast period. The automotive segment, on the other hand, is expected to cite the fastest CAGR of 13.0% during the forecast period.

Based on region, the market across Asia-Pacific region held the dominating market share in 2021, holding more than half of the global green SiC market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 12.7% during the forecast period. The report also analyses other regions such as North America, Europe, and LAMEA.

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The key players analyzed in the global green SiC market report include Futong Industry Co. Limited, Washington Mills, General Abrasivi Srl., Shin-Etsu Chemical Co., Ltd., CHOKO CO., LTD. , Fiven ASA, Zibo Jinjiyuan Abrasives Co. Ltd., Snam Abrasives Pvt. Ltd., Henan Qingjiang Industrial Co., Ltd., U.S. Electrofused Minerals, Inc.

The report analyzes these key players in the global green SiC market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.

For More Details: https://www.globenewswire.com/news-release/2022/11/28/2563231/0/en/Global-Green-SiC-Market-Size-Worth-2-8-Billion-by-2031-CAGR-12-3-AMR.html

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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