123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Silicon Carbide Ceramics Market Global Growth By Manufacturers, Application Analysis & Forecast 2023

Profile Picture
By Author: Market Research Future
Total Articles: 279
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Market Highlights:

The Global Silicon Carbide Ceramics Market was valued at USD 4,860.0 million in 2016 and is predicted to grow at flourishing CAGR of 6.45% to reach USD 7,474.1 million by the end of 2023. Silicon Carbide Ceramics exhibit excellent properties such as low thermal expansion, high hardness, elastic modulus, thermal shock resistance, and high thermal conductivity. They altogether have availed its consumption in several industrial uses. The application of Sic ceramics covered electronics & electrical, automotive, machine manufacturing, metal mining, aerospace & defense, metallurgic, industrial and others. Ballistic, energy, sporting goods, and jewelry are considered as the niche markets, wherein demand is gradually increasing year by year. Nevertheless, the growth in this market is anticipated due to the massive steel production noted in the Asia Pacific.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5682

Segment Analysis:

The Global Silicon Carbide Ceramics Market is segmented into Type, Application, and Region.

Based on the Type, the market is segmented into pressure sintered; reaction bonded and recrystallized silicon carbide. Pressure sintered Silicon Carbide Ceramics accounted for the largest market share of 55.23% in 2016. The ability of pressure sintered silicon carbides to work in extreme conditions and at high temperatures led to their adoption in wide industrial applications. Thus, the segment has registered most promising growth among other types and growing at a CAGR of 7.75% as of 2016. Following pressure sintered, reaction bonded is the second largest segment expanding at a CAGR of 5.11%.

Furthermore, based on the Application, the global market is segmented into electronics & electrical, automotive, machine manufacturing, metal mining, aerospace & defense, metallurgic, industrial and others. Other application of Silicon Carbide Ceramics includes jewelry, ballistic, energy, and sporting goods, which are probably the niche markets. Electronics & electrical industry dominated the global market, as Sic Ceramics have suitable properties required to produce electrical goods and devices. This industry has acquired a 28% share of the Sic Ceramics Market, followed by automotive accounted for 22% share in 2016. Sic ceramics are used to produce durable automotive parts owing to hardness associated with them. Automotive production was on the rise, specifically in the Asia Pacific, which is complementing the global demand, expanding at 8.98% CAGR. As per the industry experts, machine manufacturing would be the lucrative application segment in the coming years for silicon carbide ceramics. Rising number of country-level political alliances have proved fuel for the industrial growth, therefore, the machine manufacturing application segment anticipated to play an important role.

Regional Analysis:

The Global Silicon Carbide Ceramics Market is spanned across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. According to the MRFR analysis, Asia Pacific was the most promising region both in terms of consumption as well as market value as of 2016 and is accounted for 39% share of the global market followed by North America at 26%. The region is anticipated to grow both in terms of value and volume at a CAGR of 6.45% and 5.65% respectively during the forecast period. The growth of this region is highly attributed high automotive base in China and the largest electronics & electrical production in Japan.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape analysis of key vendors.

This research report provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Silicon Carbide Ceramics, including the high-growth regions and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Silicon Carbide Ceramics Market: Saint-Gobain (France), CeramTec (Germany), Morgan Advanced Material (U.S.), Ortech Advanced Material (U.S.), KYOCERA Corporation (Japan), Blasch Precision Ceramics (U.S.), Coors Tek Inc. (U.S.), Hitachi Chemicals (Japan), Ceradyne Inc (U.S.), ESD SIC bv (Netherlands) and others.

Have Any Query? Ask Our Expert @ https://www.marketresearchfuture.com/enquiry/5682

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

Total Views: 9Word Count: 823See All articles From Author

Add Comment

Business Articles

1. Bruckhaus Quist Names Martin Lam Tin-sing As Coo Of Corporate Division
Author: 1888pressrelease

2. Les Georgettes Cuffs Are Waiting For You At Love My Swag
Author: Lisa Alfieri

3. Event Management Software Market Analysis Reports Revenue Growth Globally During The Forecast Period
Author: Unknown Member

4. Book Your Next Trip Online
Author: Unknown Member

5. Wear Custom Badges And Let People Talk About You
Author: Flexsystems USA Incorporated

6. Hard Drives Data Recovery
Author: Unknown Member

7. Get The First Impression Right With Car Dealership Cleaning!
Author: Simone M

8. Application Of Industrial Fans In Cement Industry
Author: Neel Rao

9. Results Of Your Implant Dentistry
Author: Charlie Wellish

10. Benefits Of Using A Manual Coffee Grinder
Author: Benefits Of Using A Manual Coffee Grinder

11. Labour Audit & Consulting
Author: Yogesh Pant

12. The Traits And Qualities Of A Good Plumber
Author: The Traits And Qualities Of A Good Plumber

13. Snoop Dogg As A Dog Art Rap Portrait | The Phag Shop
Author: The Phag Shop

14. Unique And Amazing Candle Carver | The Phag Shop
Author: The Phag Shop

15. Juce Gace Collectible Figure - A Wood Awakening
Author: The Phag Shop

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: