The global silicon carbide market to grow at a CAGR of 14.04% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global silicon carbide market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is growing demand from steel and energy industries. The steel and energy industries are the biggest end-users of SiC. Together they consumed 438.3 kilo metric tons of SiC in 2016. A significant rise in the demand for SiC is expected from China and India because of fast-paced infrastructural developments
According to the report, one driver in the market is growing demand for power electronics. In the power electronics industry, SiC is setting new standards in high-performance electrical conductivity, high thermal conductivity, and power savings. The SiC market in the power electronics industry has widespread application areas ranging from hybrid vehicles, wind turbines, industrial data centers, medical imaging, renewable energy, oil and gas, and aerospace.
Further, the report states that one challenge in the market is competition from gallium nitride material. Gallium nitride-based devices range from transistors, Schottky diodes, power modules, MOSFETs, and IGBTs to rectifiers. Gallium nitride-based devices have similar performance as SiC-based devices. The key factor that is driving the competition between gallium nitride and SiC is the bulk commercialization of gallium nitride devices in comparison with SiC devices, which are recently being commercialized.
- Carborundum Universal
- Dow Corning
- Henan Yicheng New Energy
- Hongwu International Group
Other prominent vendors
- Miller and Company
- Silicon Carbide Products
- SNAM Abrasives
- Xiamen Powerway Advanced Materials
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product type
Part 07: Market segmentation by application
Part 08: Geographical segmentation
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/gckwtb/global_silicon