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Silicon Carbide Market Share, Size, Analysis, Growth, Trends and Forecasts, 2012 to 2020 | Hexa Research

Silicon Carbide is a synthetically manufactured chemical compound of silicon and carbon. It is strong, oxidation resistant, thermal shock resistant, and chemical resistant. It is characterized by low density, low thermal expansion and high temperature strength. Hexa Research observes that these factors will contribute to the global silicon carbide market growing strongly at a CAGR of 15% from 2014 to 2020. Silicon carbide’s applications include aerospace & aviation, electronics & semiconductors, steel & energy, military & defense and medicine & healthcare. Steel and energy, with a total demand of more than 300 kilo tons, was the largest applic ation area in 2013. Silicon carbide is used as a deoxidizing agent in steel manufacture. It is also a manufacturing component for semiconductors. Pure silicon conductors are increasingly being replaced by silicon carbide semiconductors. Hexa Research opine s that growing market for steel and semiconductors will prove favorable for future

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Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future demand of silicon carbide. The revival of automobile industry, especially in Asia Pacific countries like China, will also boost demand.

Browse Details of Report@https://www.hexaresearch.com/research-report/siliconcarbide-industry/ Silicon Carbide is used as an oil additive in automobiles. Medical and Healthcare application segments will grow rapidly at a CAGR of 16.4% from 2014 to 2020. Key market growth inhibitors include high manufacturing costs and low tolerance levels. Silicon carbide products include black, green, coated, refractory, micro grit, metallurgical and metallurgical briquettes. Key product segments of green and black will witness stagnant growth in the coming years. Applicability of black silicon carbide in ceramic, refractory and steel industries will propel market growth. Hexa Research finds Asia Pacific with revenues more than $865 million to be the largest regional market for silicon carbide in 2013. Asia Pacific will continue its ascent with expected CAGR of 16.7% from 2014 to 2020, owing to factors like rapid industrialization and growing infrastructure projects. Exponential growth in Chinese automotive industry will also be an important contributor. Demand for Silicon Carbide in North America arose from the medical & healthcare and military & defense sectors. Hexa Research includes Dow Chemical Company, Entegris Inc., ESK-SIC Gmbh and Grindwell Norton in the list of key global industry participants.

Browse Related Category Market Reports @ https://www.hexaresearch.com/researchcategory/advanced-materials-industry

Contact: +1-800-489-3075

Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/


Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - http://www.hexaresearch.com/ Follow us on Linkedin : https://www.linkedin.com/company/hexa-research

Contact: +1-800-489-3075

Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/

Silicon Carbide Market Analysis, Size, Share, Growth and Forecast to 2020 - Hexa Research  

Growing demand for steel processing and steel manufacturing along with recycling units is a key factor expected to drive silicon carbide mar...

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