Silicon Carbide Market (SiC) Sees Promising Growth

Posted by Andre on August 28th, 2019

Silicon Carbide (SiC) is the compound of silicon and carbon. This is also termed as Carborundum. SiC exhibits advantageous properties such as, oxidation resistance, high strength, high thermal conductivity, high-temperature strength, high hardness, wear resistance, superior chemical inertness, low thermal expansion, high elastic modulus, low density, excellent thermal shock resistance.

The Global Silicon Carbide (SiC) Market accounted for USD 257.7 million in 2016 growing at a CAGR of 18.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Top Market Competitors: Global Silicon Carbide Market (SiC)

Some of the major players of the global silicon carbide market include AGSCO Corporation, Entegr is Inc., ESD-SIC BV, ESK-SIC GmbH, Carborundum Universal Limited, Gaddis Inc., Grindwell Norton limited, Snam Abrasives, Saint-Gobain Ceramics Materials GmbH, Infineon Technologies AG, CREE Inc. (Wolfspeed), ROHM Semiconductor, STMicroelectronics N.V., ON Semiconductor, Toshiba Corporation, General Electric, Fuji Electric Co. Ltd, Renesas Electronics Corporation, GeneSiC Semiconductor Inc., Global Power Technologies Group, TanKeBlue Semiconductor Co. Ltd.,United Silicon Carbide

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Major Market Drivers & Restraints:

  •         Reduced size of semiconductors and their increasing incorporation in wide range of applications
  •         Superior properties of SiC and technological developments
  •         Increasing substitution of existing pure silicon technology semiconductors
  •         SiC is an alternative to diamonds and can be used in drill tips or in abrasive.
  •         SiC based devices are expensive due to low manufacturing volume and low manufacturing yield

Company Share Analysis: Global Silicon Carbide Market (SiC)

The report for silicon carbide (SiC) include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Key insights in the report:

  •         Complete and distinct analysis of the market drivers and restraints
  •         Key Market players involved in this industry
  •         Detailed analysis of the Market Segmentation
  •         Competitive analysis of the key players involved

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Joined: August 28th, 2019
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