Silicon Carbide Market Analysis Report on Size and Growth | Market Key Manufacturers are – AGSCO Corporation, Entegris Inc., Carborundum Universal Ltd., ESK-SIC GmbH, Grindwell Norton Ltd., Saint-Goba

Silicon Carbide Market | Research Cosmos

Silicon Carbide Market Overview:

Silicon carbide (SiC) (or carborundum) is an extremely hard compound of crystalline silicon and carbon produced by synthesis. It has been commonly used as an abrasive and in cutting tools around the world. The most recent applications in the market are refractory coatings for industrial furnaces and wear resistant parts for pumps. The intensive use of SiC as semiconductor substrates for LED has led the compound to play a crucial role in the semiconductor industry around the world. Silicon carbide products have commercial use in engineering applications. Due to its extreme hardness, SiC exhibits a performance similar to diamond, as well as interesting characteristics of the semiconductors that it possesses, which reinforces its adoption in applications that require a high resistance to corrosion.

Silicon Carbide Market Size Analysis:

Silicon Carbide Market Size is poised to grow USD XX Billion by 2023 from USD XX Billion in the year 2015 and this market witnessed a growth rate of XX% during the forecast period.

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Silicon Carbide Market Drivers and Restraints:

SiC belongs to the semiconductor market, which generated USD 394 Billion in revenues for 2017. SiC is expected to replace other silicon-based semiconductors and transistors, therefore, the income must be high. The growth of the SiC market is mainly based on the fact that it can reduce the size of semiconductors and reduce the loss of the network by 50%.

However, the cost of SiC material varies from USD 800 to USD 2,000 per ton, which is very expensive compared to other materials used in semiconductor manufacturing. As a result, the high cost of these semiconductors is a major obstacle to market growth. Hardware defects and packaging problems are other challenges for the growth of the market. Ongoing research to overcome these difficulties has been slow. However, the key players are looking for collaborations to increase investment in electronic products based on SiC.

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Silicon Carbide Market Geographical Segmentation:

The various regional segments of the global silicon carbide market are North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. Of these, Asia Pacific dominated the package and had more than half of the global market in 2012. The importance of this regional market is attributed to the presence of a robust distribution infrastructure. Among the other regional segments, Europe and the rest of the world contributed more than 30% to the global market. The strong demand for SiC products in the automotive sector is a key factor in the demand in the European market. The rapid increase in demand for SiC in several developing countries such as China, Brazil, Russia, Indonesia and India have led great lucrative opportunities for market players. It is expected that these regions will expand more than the others during the forecast period.

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Key Takeaways from this Report:

• For different product types, end-use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
• Identify various driving factors, constraints and untold opportunities that can impact the global marketplace
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.

Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

Silicon Carbide Market Key Players:

The leading contributors to the global silicon carbide market include AGSCO Corporation, Entegris Inc., Carborundum Universal Ltd., ESK-SIC GmbH, Grindwell Norton Ltd., Saint-Gobain Ceramics Materials GmbH, The Dow Chemical Company, Xiamen Powerway Advanced Material Company Ltd., Timcal Ltd., and Snam Abrasives Pvt. Ltd.

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