Forecast Report - Global Silicon Carbide Market Trends 2020: Grand View Research, Inc
The global market for silicon carbide 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, 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.
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, 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.
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, 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, USD Million, 2012 - 2020)
• Steel & Energy
• Aerospace & Aviation
• Military & Defence
• Medical & Healthcare
• Electronics & Semiconductors
• Silicon Carbide Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Asia Pacific
Information Source - http://www.grandviewresearch.com/industry-analysis/silicon-carbide-market
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