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 Adidas NMD R2 Schweiz , 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.
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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 Adidas NMD CS2 Schweiz , 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.
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 Adidas NMD Chukka Schweiz , 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 Adidas NMD CS1 Schweiz , 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 Adidas NMD City Sock 2 PK Schweiz , Grindwell Norton Ltd.
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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 Adidas NMD Runner Schweiz , 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 Adidas NMD XR1 Schweiz , 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
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