The Global Silicon Carbide Market is expected to
reach USD 4.49 billion by 2020, according to a new study by Grand View
Research, Inc. Positive outlook on steel manufacturing, for which SiC is used
as a deoxidizing agent is expected to drive silicon carbide demand. In addition,
silicon carbide is an essential element in the manufacturing of semiconductors
which is expected to witness significant growth over the next six years.
Revitalizing automobile industry, especially in Asia Pacific, is also expected
boost the demand for silicon carbide.
Steel and energy were the largest end use
application segments for SiC, accounting for 302 kilo tons of total demand in
2013. Increasing demand for steel and energy in emerging markets of India and
China, driven by infrastructure development, is expected to be a key factor for
demand growth over the forecast period. Silicon carbide is also extensively
used in electronics and semiconductors applications, owing to its superior
properties, that accounted for over 255 kilo tons of demand in 2013.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/silicon-carbide-market
Further
key findings from the study suggest:
- Global silicon carbide demand was 1,060.1 Kilo tons in 2013 and is expected to reach 2,769.0 Kilo tons by 2020, growing at a CAGR of 15.2% from 2014 to 2020.
- Black silicon carbide is most dominant product, with demand estimated at 745 6 Kilo tons in 2013 due to its wider application scope in comparison to other forms of silicon carbide.
- Asia Pacific was the largest regional market for silicon carbide, with revenue exceeding USD 870 million in 2013. The presence of key end user industries such as steel and automotive is expected to boost demand in the region. In addition, the region is also expected to witness fastest growth, at an estimated CAGR of 16.8% from 2014 to 2020.
- Medical and healthcare end use application is expected to witness fastest growth at an estimated CAGR of 16.5% from 2014 to 2020. Increasing demand for advanced medical and healthcare in countries such as India, China, and Japan is expected to drive demand in this application.
- Key Companies in the market include AGSCO Corporation, Dow Chemical Company, Saint-Gobain Ceramics Materials GmbH, ESD-SIC b.v, Grindwell Norton Ltd.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
For the purpose of this study, Grand
View Research has segmented the global silicon carbide market on the basis of
product, end use application and region:
Silicon
Carbide Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Black Silicon Carbide
• Green Silicon Carbide
• Others (Coated SiC, Refractory
SiC, Metallurgical and Metallurgical Briquettes, SiC Micro Grit)
Silicon
Carbide End Use Applications Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2020)
• Steel & Energy
• Automotive
• Aerospace & Aviation
• Military & Defence
• Medical & Healthcare
• Electronics & Semiconductors
• Others
Silicon
Carbide Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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