Silicon Carbide Market Analysis by MRFR till 2023 | Top Manufacturing Players

Posted by Moin Patni on September 12th, 2018

Silicon Carbide Market

Silicon Carbide Market Overview: Silicon Carbide Market has witnessed steady growth and it is moving towards growth expansion mode. Growth in this market is attributed to strong demand from steel manufacturing and steel processing industry along with its recycling units.  Steel industries in Asia Pacific are expected to contribute a major part in the coming years. Growing automotive industry across the globe also playing an essential role in the global growth. Due to low manufacturing yield and low manufacturing volume, the devices made by silicon carbide are being sold at relatively higher prices, which has posed as growth restraints. Nevertheless, the growing electronics and semiconductor application are expected to offer healthy growth to key industry participants in this market.

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Silicon Carbide Market Insight: Growth in this market is attributed to strong demand from steel manufacturing and steel processing industry along with its recycling units. Steel industries in Asia Pacific are expected to contribute a major part in the coming years. Growing automotive industry across the globe also playing an essential role in the global growth. As per the OICA, China emerged as a global leader in the automotive production with annual growth of over 8%, due to which market is expected to have a high gain in the coming years. Over the last few years, substitution of existing pure silicon technology is increasing year by year, thereby strengthening global demand for silicon carbide. Although, the growth in this market is held back by high cost associated with devices made by silicon carbide. Due to low manufacturing yield and low manufacturing volume, the devices made by silicon carbide are being sold at relatively higher prices, which has posed as growth restraints. Nevertheless, the growing electronics and semiconductor application are expected to offer healthy growth to key industry participants in this market.

Silicon Carbide Market Key Players: Silicon Carbide Market are: Grindwell Norton (India), ESK SIC GmbH, Dow Chemical Company (US), Carborundum Universal (India), Entegris Inc (US), Norstel AB (Sweden), Renesas Electronics Corporation (Japan), ROHM Co Ltd (Japan), Toshiba Corporation (Japan), Microsemi Corporation (US) and others.

Silicon Carbide Market Intended Audience:

Silicon Carbide Manufacturers

Traders and Distributors of Silicon Carbide

Production Process Industries

Potential Investors

Raw Material Suppliers

Nationalized Laboratory

Silicon Carbide Market Regional Analysis: Silicon Carbide Market is spanned across five key regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. As of 2016, Asia Pacific emerged as one of the most promising markets across the globe and has recorded largest market shares both in terms value and volume. By acquiring more than half of the global market, Asia Pacific is expected to continue its lead over the forecast period as well. Increasing sales of various driver segment such as steel and energy, electronics, and semiconductors and automotive are responsible for the growth this region. India and China are collectively driving the Asia Pacific market on account of growing steel and energy demands driven by industrial and infrastructural development. North America is another growth attractive market and is driven by the automotive demand.

Silicon Carbide Market Segmentation: Silicon Carbide Market is majorly segmented on the basis of product, application, and by region. Market segmentation on the basis of products, includes black silicon carbide, green silicon carbide, and others (refractory, coated, metallurgical, metallurgical briquettes and micro grit). On the basis of application, the market is segmented into steel and energy, automotive, aerospace and aviation, military and defence, electronics and semiconductors, medical and healthcare, and others. Steel and energy is the prominent segment for which silicon carbide is largely used followed by electronics and semiconductors and automobile segment. While the medical and healthcare applications are anticipated to register the highest growth over next five years.

Silicon Carbide Market Table of Content:

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Silicon Carbide Market

5 Industry Overview of Global Silicon Carbide Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

Silicon Carbide Market Table of Content to be Continue…….,

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