According to a new market research report published by Global Insight Services ”Silicon Carbide Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Silicon carbide (SiC) is a compound of silicon and carbon with a chemical formula of SiC. It occurs in nature as the extremely rare mineral moissanite. Silicon carbide powder has been mass-produced since 1893 for use as an abrasive. Grains of silicon carbide can be bonded together by sintering to form very hard ceramics which are widely used in applications requiring high endurance, such as car brakes, car clutches and ceramic plates in bulletproof vests. Silicon carbide is also used as a semiconductor in commercial and military applications.
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Key Players
- AGSCO Corp.
- Carborundum Universal Ltd.
- Washington Mills
- Coorstek
- Entegris, Inc.
- ESD-SIC b.v.
- Snam Abrasives Pvt. Ltd.
Key Trends
One of the key trends in Silicon Carbide (SiC) technology is the increasing use of SiC devices in high-voltage, high-power applications. SiC devices offer several advantages over traditional silicon (Si) devices, including higher breakdown voltage, higher operating temperature, and lower power consumption. As a result, SiC devices are well suited for applications such as power converters, motor controllers, and power supplies, which are subject to high voltages and power levels.
Key Drivers
The key drivers of the silicon carbide market are its unique properties, which make it ideal for a wide range of applications across a variety of industries. These properties include:
High thermal conductivity: silicon carbide is an excellent conductor of heat, making it ideal for applications where thermal management is critical, such as in power semiconductors.
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Market Segments
By Product
- Black SiC
- Green SiC
By Application
- Steel
- Automotive
- Aerospace
- Military & Defense
- Electrical & Electronics
- Healthcare
- Others
Reasons to buy Silicon Carbide Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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