Silicon Carbide Market By Product (Black Silicon Carbide, Green Silicon Carbide) By End-use (Steel & Energy, Aerospace) is Expected To Reach USD 4.49 Billion By 2020
San Francisco, California (PRWEB) June 25, 2014 -- 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.
The report “Silicon Carbide Market Analysis, By Product (Black Silicon Carbide, Green Silicon Carbide) By End-use (Steel & Energy, Automotive, Aerospace & Aviation, Military & Defense, Medical & Healthcare, Electronics & Semiconductors) And Segment Forecasts To 2020” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/silicon-carbide-market.
Request free sample of this report at http://www.grandviewresearch.com/industry-analysis/silicon-carbide-market/request.
Further key findings from the study suggest:
• Global silicon carbide demand was 1,060.1 Kilo tons in 2013 and is expected to reach 2,769.0 Kilo tons by 2020, growing at a CAGR of 15.2% from 2014 to 2020.
• Black silicon carbide is most dominant product, with demand estimated at 745 6 Kilo tons in 2013 due to its wider application scope in comparison to other forms of silicon carbide.
• Asia Pacific was the largest regional market for silicon carbide, with revenue exceeding USD 870 million in 2013. The presence of key end user industries such as steel and automotive is expected to boost demand in the region. In addition, the region is also expected to witness fastest growth, at an estimated CAGR of 16.8% from 2014 to 2020.
• Medical and healthcare end use application is expected to witness fastest growth at an estimated CAGR of 16.5% from 2014 to 2020. Increasing demand for advanced medical and healthcare in countries such as India, China, and Japan is expected to drive demand in this application.
• Key Companies in the market include AGSCO Corporation, Dow Chemical Company, Saint-Gobain Ceramics Materials GmbH, ESD-SIC b.v, Grindwell Norton Ltd.
Browse all reports of this category at http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials.
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
• Automotive
• Aerospace & Aviation
• Military & Defence
• Medical & Healthcare
• Electronics & Semiconductors
• Others
• Silicon Carbide Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
Browse all ongoing reports of Grand View Research at http://www.grandviewresearch.com/ongoing-reports.
Latest Reports:
Distributed Control Systems (DCS) Market Analysis By Product (Hardware, Software and Services), By End-Use Industry (Chemical, Metal and Mining, Oil and Gas, Pharmaceutical, Power, Pulp and Paper, Water and Waste Water Treatment Industry) And Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/distributed-control-systems-market)
The global Distribution Control Systems (DCS) market is expected to reach USD 20.39 billion by 2020, according to a new study by Grand View Research, Inc. Increased DCS use in industrial applications such as power generation, water and waste water, pharmaceuticals, oil and gas, chemicals, and paper and pulp is expected to drive the market over the forecast period. Growing demand for power has resulted in the set up of new power generation stations and upgradation of existing ones by various governments, which is expected to favorably impact DCS demand. Cost effectiveness, development of open source DCS and ability of implementation in hazardous environments are further expected to boost market growth.
Plano Sunglasses (Polarized, Non-Polarized) Market Analysis By Material (CR-39, Polycarbonate, Polyurethane) And Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/plano-sunglasses-industry)
The global market for plano sunglasses is expected to reach USD 19,944.3 million by 2020, according to a new research report by Grand View Research, Inc. High-end products which are sold at premium prices are expected to contribute to industry growth. Grand View Research also observes that growing awareness regarding the importance of protecting the eyes from harmful UV radiation is expected to be a key driving force for the market. Polarized sunglasses accounted for just over 20% of the overall shipments in 2012; the segment is expected to gain market share over the forecast period.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Sherry James, Grand View Research, Inc., http://www.grandviewresearch.com/, +1 4153490058, [email protected]
Share this article