• Sign In
  • Create Account
  • Sign Out
  • My Account
  • Home
  • Magazine
    • Current Issue
    • Digital Edition
    • CIAdvanced Digital Edition
    • Archives
  • News
  • New Products
  • Topics
    • Advanced Ceramics
    • Refractories
    • Glass
    • Whitewares
    • Brick and Structural Clay
    • Raw and Processed Materials
    • Firing and Drying
    • Batching and Materials Handling
    • Forming and Finishing
    • Instrumentation & Lab Equipment
    • Decorating
  • Columns
    • IP in Depth
    • Glass Works
    • Ceramic Decorating
    • The Big Picture
  • More
    • CIAdvanced Microsite
    • CI Top 14
    • Raw & Manufactured Materials Overview
    • eNewsletters
    • Classifieds & Services Marketplace
    • Virtual Supplier Brochures
    • Market Trends
    • Blogs
    • Material Properties Charts
    • CI Store
    • CI Supplier of the Year Award
  • Multimedia
    • Videos
    • Podcasts
    • Photo Galleries
    • Mobile App
  • Events
    • Calendar
    • Ceramics Expo 2017
  • Directories
    • Data Book & Buyers' Guide
    • Ceramic Components Directory
    • Materials Handbook
    • Equipment Digest
    • R&D Lab Equipment & Instrumentation
    • Services Directory
    • Take a Tour
  • Contact
  • Advertise
  • Subscribe
    • Print & Digital Edition Subscriptions
    • eNewsletters
    • Online Registration
    • Customer Service
Home » 2017 Raw & Manufactured Materials Overview: Silicon Carbide

2017 Raw & Manufactured Materials Overview: Silicon Carbide

 

Silicon Carbide
Return Next

According to Grand View Research, global demand for silicon carbide (SiC) is expected to grow at a CAGR of 15.3% from 2014-2020. Black silicon carbide is the most dominant product.

Energy and steel were the largest end-use application sectors for SiC in 2013; it is also widely used in semiconductor and electronics applications. In addition, healthcare and medical applications are expected to witness growth at an estimated CAGR of 16.4% over the forecast period. Growing demand for advanced medical and healthcare products in countries such as Japan, India, and China is projected to drive SiC demand.

Asia-Pacific was the major market for SiC in 2013, with revenues exceeding $870 million. The presence of major end-user industries such as automotive and steel is projected to boost SiC demand in this region. Moreover, the Asia-Pacific market is also expected to witness rapid growth at an approximate CAGR of 16.7% over the forecast period.

An overall positive outlook for steel manufacturing, for which SiC is used as a deoxidizer, is expected to drive SiC demand in the future. In addition, SiC is a key element in the production of semiconductors, which are expected to witness huge growth in the near future. The growing worldwide automobile industry, particularly in Asia-Pacific, is also projected to drive worldwide SiC demand.14


Return

Reference

14. Silicon Carbide Market Analysis by Product, End-use and Segment Forecasts to 2020 (published March 2016; $4,950), Grand View Research,
www.grandviewresearch.com.

Subscribe For Free!
  • Print & Digital Edition Subscriptions
  • eNewsletters
  • Online Registration
  • Customer Service

More Videos

CI directories

Products

Handbook of Advanced Ceramics Machining

Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

See More Products

CI raw and manufactured materials

Ceramic Industry Magazine

CI September 2017 Cover

2017 September

Find out which companies are the leading manufacturers of advanced ceramics, glasses and refractories in the 2017 CI Top 14!
View More Subscribe
  • Resources
    • Advertiser Index
    • List Rental
    • Custom Content & Marketing Services
    • Manufacturing Group
    • Partners
    • Want More?
    • Connect
    • Privacy Policy

Copyright ©2017. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing