Silicon Carbide Foam Market to Reflect Impressive Growth Rate During 2017 - 2027 : Persistence Market Research

Global Silicon Carbide Foam Market Dynamics:

The growth of the global silicon carbide foam market is driven by growing high heat foam market, defense industry, aerospace industry, and semiconductor industry. Moreover, increasing awareness of using foam insulation for the environmental benefits also fueling the global silicon carbide foam market. The advantages of silicon carbide over other ceramics including high electrical and thermal conductivity, lightweight, low thermal expansion, low flow resistance, resistance to corrosion, scratches and wear, high filtration efficiency, and high hardness, which is fueling the demand for global silicon carbide foam market. However, instability in the prices of petrochemicals, which are used in the production of silicon carbide foam restraining the silicon carbide foam market across the globe. The company operates in the silicon carbide foam market can increase its share in the global silicon carbide foam market by increasing their investment in Asia-Pacific region.

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Global Silicon Carbide Foam Market Player:

Few players in the global silicon carbide foam market include Evonik Industries, Waker Chemie AG, BASF SE, Ube Industries, Ltd., Sinoyqx, and Rogers Corporation.

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Global Silicon Carbide Foam Market Regional Outlook:

On the basis of geographies, the global silicon carbide foam market is segmented into seven regions -- North America, Western Europe, Eastern Europe, Japan, Asia-Pacific except Japan, Latin America, and the Middle East & Africa. Among the regions, North America and Western Europe account for a relatively high share of the silicon carbide foam market in terms of value, attributed to the growing aerospace industry across the regions. Eastern Europe and Japan also accounts for significant value share in the global silicon carbide foam market, owing to high technological advancement in the regions. The Asia-Pacific is expected to register relatively high growth in the global silicon carbide foam market over the forecast period, owing to rapid rate of advancement in the manufacturing of silicon carbide foam across the region, particularly in country such as China. The developing economy such as Middle East Africa and Latin America have a moderate growth in the global silicon carbide foam market, attributed to growing automotive industry in the regions. Overall, the outlook for the global silicon carbide foam market will have a positive growth over the forecast period.

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