High demand for steel manufacturing and steel processing along with recycling has been driving the market for silicon carbide (SiC) in the past few years. Silicon carbide is a key component of the semiconductor devices and growth in the electronics and semiconductor market is also a driving factor governing SiC market growth. The high precision required for manufacturing components and the low level of tolerances in the end-user market have been restraining the market at the same time.
This report gives a detailed description of the global silicon carbide market based on volume share (kilo tons) and revenue (USD million) for the period 2013 to 2019. The report highlights the factors contributing towards the growth of the market and the restraints that impede the market. The report also explains the competitive landscape with company market shares of key market players. Detailed forecasts for the years 2013-2019 for silicon carbide have been given separately, for better understanding of the market scenario. The silicon carbide market is described with respect to their various segments along with the opportunities that are expected in the coming six years.
For geographic analysis, the global silicon carbide market has been segmented into regions such as North America, Europe, Asia Pacific and Rest of the World. Based on the product segments, the silicon carbide market can be categorized into different segments such as black SiC, green SiC and others such as coated SiC, refractory SiC, metallurgical SiC, metallurgical briquettes and SiC micro grit. Black SiC has been the largest market and is expected to show the highest growth during the forecast period.
The major end-user segments in the silicon carbide market are steel & energy, automotives, aerospace & aviation, military & defense, electronics & semiconductors and medical & healthcare. Of these, steel & energy, electronics & semiconductors and automotives have been the major markets while medical & healthcare is expected to show the highest growth in the near future.
Market numbers are given on the basis of different silicon carbide products and key end-user markets. Market size and forecast for each major application is provided in the context of global as well as the regional market. Inflation is not a part of pricing in this report. A combination of primary and secondary research has been employed to arrive at the market estimates, market shares and trends. We have adopted bottom up model to derive market size of the global silicon carbide market and further validated numbers with the key market participants.
For a more comprehensive view of the market, a value chain analysis and Porter’s five forces model is provided to throw light on the specifics of the industry structure besides giving an overview of the degree of competitiveness. The report also includes detailed profiles of key players such as ESK SIC GmbH, Grindwell Norton Ltd., The Dow Chemical Company, Carborundum Universal Ltd., Norstel AB and Entegris Inc. among others. The detailed description of players includes parameters such as company overview, financial overview, business strategies, SWOT analysis and recent developments of the company.
The in-depth research and high level analysis will allow silicon carbide manufacturers, large retailers, lawmakers and research and development agencies to make informed decisions about silicon carbide manufacturing, designing, marketing, growth strategies and gaining competitive advantage
The report segments the global silicon carbide market as: