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Oct 10, 2019 6:00 PM ET

Silicon Carbide Market Study & Future Prospects Including Key Players- Grindwell Norton Limited, ESK-SIC GmbH, Gaddis Engineered Materials and Snam Abrasives




iCrowd Newswire - Oct 10, 2019

The Silicon Carbide market is expected to grow at a CAGR of 17.2% to reach USD 6.23 billion by 2025.

Silicon carbide (also termed as carborundum) is naturally occurring rare mineral moissanite. This unique compound is a mixture of silicon and carbon and is amongst the hardest available materials on earth. It is widely used the material for structural ceramics owing to its characteristics such as high force-to-weight radius, low thermal expansion, high thermal conductivity, resistance to abrasion and corrosion among others. The worldwide silicon carbide market is majorly driven by the surge in motor drives demand and rising in product utility in the radio frequency devices and cellular base station. In addition, its ability to decrease the size of semiconductors coupled with power system loss by 50% support the product demand. However, the high price (the cost of SiC material ranges from $700 to $3,000 per ton) may hinder the industry growth to some extent.

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The scope of this report covers the market by its major segments, which include as follows:

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SILICON CARBIDE MARKET, BY PRODUCT

SILICON CARBIDE MARKET, BY DEVICE

SILICON CARBIDE MARKET, BY CRYSTAL STRUCTURE

SILICON CARBIDE MARKET, BY END-USE

SILICON CARBIDE MARKET, BY REGION



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Keywords:    Silicon Carbide market share, Silicon Carbide market players, Silicon Carbide market analysis, Silicon Carbide market research report, Silicon Carbide key manufacturers

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