San Francisco, CA - Silicon Carbide (SiC) Market size is expected to value at USD 4.48 billion by 2020. The market is subject to witness a substantial growth due to increase in the demand of silicon carbide from automobile, electronic, and aerospace industries. The rising use of silicon carbide (SiC) in military and defense sector is significantly propelling the growth of the market over the overcast period.
Number of laws and regulations by governmental agencies is boosting demand of the silicon carbide (SiC) in the military applications as well. A vast set of applications in the automotive sector of the silicon carbide (SiC) such as adoption of carbon fiber plated silicon carbide in disc-brakes is further escalating growth of the silicon carbide industry in recent years.
This Research will help you to understand the Volume, growth with Impacting Trends. Click HERE To get SAMPLE PDF (Including Full TOC, Table & Figures) @ https://www.millioninsights.com/industry-reports/silicon-carbide-sic-market-size/request-sample
The use of the silicon carbide (SiC) in semiconductor manufacturing industry is one of key driving factors for the expansion of the market in coming years. Globally, the silicon carbide (SiC) market is predicted to grow at CAGR of 16.1% in forecast period, providing numerous opportunity for market players to invest for research and development in the industry. One of the key variants of the silicon carbide, black SiC is expected to dominate most of the market in regards to the revenue generation over the forecast period. Application of the black silicon carbide include ceramic plating in bullet-proof jackets, car brakes and clutches in vehicle, are some of the key factors responsible of the rising demand for the black silicon carbide.
Furthermore, other application of the black silicon carbide serves as abrasive material, in grinding and polishing of automobile equipment, and wear-resistant. The use of black silicon carbide is growing mainly attributed to the low cost, in comparison with green silicon carbide. Silicon carbide is considered as an ideal alternative to the silicon chips in the semiconductor manufacturing, growing production of semiconductor devices is likely to escalate the growth of silicon carbide (SiC) industry in upcoming years. Though, unavailability and growing prices associated with the green silicon carbides coupled with requirement for high purity is significantly limiting growth of the silicon carbide market.
Silicon carbide is commonly used as a base ingredient for refractories on the basis of high temperature resistance. Applications of the refractory materials ranges from heaters, ovens, large furnaces, and containers, such applications are vital in the manufacturing segment such as aluminum, steel alloys, and metal. Sustained growth of the metal and cement manufacturing sectors is major factor fueling expansion of the market.
Silicon Carbide is produced from mixture carbon and silicon, and is considered as the only chemical amalgam of the two. The procedure for the production of the silicon carbide involves an electro-chemical reaction between sand and carbon elements at high temperature. Silicon carbide is known for its abrasive properties and mainly utilized for grinding wheels since last hundreds of years. Typical applications of the silicon carbide include abrasives materials, refractories, ceramics, and other high performance usages.
Regional Analysis For Silicon Carbide (SiC) Market:
For comprehensive understanding of market dynamics, the global Silicon Carbide (SiC) Market is analyzed across key geographies namely: North America, Europe, Asia-Pacific, Latin America and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
Get Access To TOC Covering 200+ Topics @ https://www.millioninsights.com/industry-reports/silicon-carbide-sic-market-size
Number of laws and regulations by governmental agencies is boosting demand of the silicon carbide (SiC) in the military applications as well. A vast set of applications in the automotive sector of the silicon carbide (SiC) such as adoption of carbon fiber plated silicon carbide in disc-brakes is further escalating growth of the silicon carbide industry in recent years.
This Research will help you to understand the Volume, growth with Impacting Trends. Click HERE To get SAMPLE PDF (Including Full TOC, Table & Figures) @ https://www.millioninsights.com/industry-reports/silicon-carbide-sic-market-size/request-sample
The use of the silicon carbide (SiC) in semiconductor manufacturing industry is one of key driving factors for the expansion of the market in coming years. Globally, the silicon carbide (SiC) market is predicted to grow at CAGR of 16.1% in forecast period, providing numerous opportunity for market players to invest for research and development in the industry. One of the key variants of the silicon carbide, black SiC is expected to dominate most of the market in regards to the revenue generation over the forecast period. Application of the black silicon carbide include ceramic plating in bullet-proof jackets, car brakes and clutches in vehicle, are some of the key factors responsible of the rising demand for the black silicon carbide.
Furthermore, other application of the black silicon carbide serves as abrasive material, in grinding and polishing of automobile equipment, and wear-resistant. The use of black silicon carbide is growing mainly attributed to the low cost, in comparison with green silicon carbide. Silicon carbide is considered as an ideal alternative to the silicon chips in the semiconductor manufacturing, growing production of semiconductor devices is likely to escalate the growth of silicon carbide (SiC) industry in upcoming years. Though, unavailability and growing prices associated with the green silicon carbides coupled with requirement for high purity is significantly limiting growth of the silicon carbide market.
Silicon carbide is commonly used as a base ingredient for refractories on the basis of high temperature resistance. Applications of the refractory materials ranges from heaters, ovens, large furnaces, and containers, such applications are vital in the manufacturing segment such as aluminum, steel alloys, and metal. Sustained growth of the metal and cement manufacturing sectors is major factor fueling expansion of the market.
Silicon Carbide is produced from mixture carbon and silicon, and is considered as the only chemical amalgam of the two. The procedure for the production of the silicon carbide involves an electro-chemical reaction between sand and carbon elements at high temperature. Silicon carbide is known for its abrasive properties and mainly utilized for grinding wheels since last hundreds of years. Typical applications of the silicon carbide include abrasives materials, refractories, ceramics, and other high performance usages.
Regional Analysis For Silicon Carbide (SiC) Market:
For comprehensive understanding of market dynamics, the global Silicon Carbide (SiC) Market is analyzed across key geographies namely: North America, Europe, Asia-Pacific, Latin America and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
- Detailed overview of Silicon Carbide (SiC) Market
- Changing market dynamics of the Silicon Carbide (SiC) industry
- In-depth market segmentation by Type, Application etc
- Historical, current and projected market size in terms of volume and value
- Recent Silicon Carbide (SiC) industry trends and developments
- Competitive landscape of Silicon Carbide (SiC) Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth.
Get Access To TOC Covering 200+ Topics @ https://www.millioninsights.com/industry-reports/silicon-carbide-sic-market-size
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