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Transparency Market Research published new
market report "Silicon Carbide (Black SiC, Green SiC) Market for
Automotive, Aerospace, Military, Electronics, Healthcare, Steel and Energy
Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2013 - 2019". According to the
report, silicon carbide demand was over USD 1.45 billion in 2012 and is
expected to reach USD 3.82 billion by 2019, growing at a CAGR of 15.3% from
2013 to 2019. In terms of volume, silicon carbide consumption is expected to
reach 2,377.1 kilo tons in 2019, growing at a CAGR of 14.5% from 2013 to 2019.
Browse the
full report at http://www.transparencymarketresearch.com/silicon-carbide-market.html
Growing demand in
the steel manufacturing and steel recycling industries and the dependence of
electronics & semiconductors on silicon carbide are factors that are expected
to drive SiC demand over the next five years. High level of precision involved
in the manufacture of components and low tolerance specifications in their
applications are expected to be key challenges for market participants in the
coming years.
Black and green
SiC were the dominant product segments, and accounted for over 90% of the
overall market share in 2012. Black SiC is expected to continue holding its
market position in the near future and is expected to grow at a CAGR of 15.4%
between 2013 and 2019. Green SiC consumption is expected to reach 656.1 kilo
tons by 2019. Coated, refractory and metallurgical SiC along with metallurgical
briquettes and SiC micro grit accounted for a smaller part of the market with
applications in high-performance applications.
Silicon carbide
is primarily used in steel & energy, automotives, aerospace & aviation,
military & defense, electronics & semiconductors and medical &
healthcare end-user segments. Steel & energy showed the highest demand for
silicon carbide in 2012 and accounted for more than 28% of the market.
Electronics & semiconductors and automotives were the other major segments
for the material and are also expected to show strong demand in the near
future. Medical & healthcare is expected to show the most demand for
silicon carbide during the forecast period and is expected to grow at a CAGR of
15.6% between 2013 and 2019.
Asia Pacific was
the largest market for silicon carbide in 2012 and accounted for more than 50%
of the global demand. Steel & energy, electronics & semiconductors and
automotives were the major markets driving sales for silicon carbide in Asia
Pacific, making it the largest market in terms of volume. Asia Pacific and RoW
are expected to be strong future markets for silicon carbide owing to growing
industrialization and infrastructure.
SiC demand in
North America and Europe is expected to reach 249.6 kilo tons and 375.6 kilo
tons by 2019 respectively. ESK-SIC Gmbh, The Dow Chemical Company, Grindwell
Norton Ltd. AGSCO Corporation, Entegris Inc., Norstel AB and Gaddis Engineered
Materials along with others were key market participants in the SiC industry.
Silicon Carbide Market: Product
Segment Analysis
·
Black
SiC
·
Green
SiC
·
Others
(Coated SiC, refractory SiC, metallurgical SiC and metallurgical briquettes,
SiC micro grit)
Silicon Carbide Market:
End-user Analysis
·
Steel
& energy
·
Automotives
·
Aerospace
& aviation
·
Military
& defense
·
Electronics
& semiconductors
·
Medical
& healthcare
·
Others
(Chemicals, fabrication etc.)
Silicon Carbide Market: Regional
Analysis
·
North
America
·
Europe
·
Asia
Pacific
·
Rest
of the World (RoW)
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