Silicon Carbide Market Expected to Grow at a CAGR of 12.5% to reach US$ 1,810.56 million by 2027 - Digital Journal

2021-12-27 00:39:53 By : Ms. Julia Biggs

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The Silicon Carbide Market 2021 industry Research Report will provide a valuable insight with an emphasis on global market. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Silicon carbide, also known as carborundum, is a semiconductor material widely used in electronics and semiconductor industries. The physical hardness of silicon carbide makes it fit for use as an abrasive in processes such as honing, water jet cutting, grinding, and sand blasting. It is also used in the components of pumps used to drill and extract the oil in oilfield applications. Rising demand for silicon carbide in various application industries has led to an increase in the investments by manufacturers, governments, and research institutes in its production.

The silicon carbide market in North America is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is mainly attributed to the increasing adoption of this material owing to its improved electrical performance, compact size, power management capabilities, and high reliability. The power electronics industry is one of the major consumers of silicon carbide as the semiconductor reduces energy loss and increases life as well as efficiency of power devices. Moreover, power electronic devices operating efficiently and effectively at higher temperatures are essential to satisfy several demands such as high-performance, quick charge-time, and others. Also, the growing steel industry in the US is likely to drive the silicon carbide (SiC) market growth as the material is applied as a deoxidizing agent as well as a major raw material in refractory production in the industry.

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The study assesses factors such as segmentation, description, and applications of Silicon Carbide industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

The final report will add the analysis of the Impact of Covid-19 in this report Silicon Carbide Market.

Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Silicon Carbide Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Silicon Carbide Market is analysed and depicted in the report.

Fiven ASA AGSCO Corp Carborundum Universal Limited ESD-SIC ESK-SIC GmbH Futong Industry Co. Limited Electro Abrasives, LLC Washington Mills Tifor B.V. Grindwell Norton Ltd.

The Silicon Carbide Market rests united with the incidence of leading players who keep funding to the market’s growth significantly every year. The report studies the value, volume trends, and the pricing structure of the market so that it could predict maximum growth in the future. Besides, various suppressed growth factors, restraints, and opportunities are also estimated for the advanced study and suggestions of the market over the assessment period.

Silicon Carbide Market – by Type Black Silicon Carbide Green Silicon Carbide

Silicon Carbide Market – by End-Use Industry Automotive Aerospace and Aviation Military and Defense Electronics and Semiconductor Medical and Healthcare Steel Others

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