Global Silicon Carbide (SIC) Market Projected To Grow At 7.1% CAGR During 2017-2021

Date: 2017-05-18

Silicon carbide (SiC), also known as carborundum, is a compound of silicon and carbon with chemical formula SiC.

The incessant demand for steel manufacturing and steel processing along with recycling has been the major factor driving the growth for silicon carbide (SiC) market in the past few years, according to research, the semiconductor devices electronics are also a magnificent driver fueling Silicon Carbide (SIC) market growth, global Silicon Carbide (SIC) market is projected to grow at 7.1% CAGR during 2017-2021.

In terms of type, the silicon carbide market can be segmented into black SiC, green SiC and others such as coated SiC, refractory SiC, metallurgical SiC, metallurgical briquettes and SiC micro grit. Black SiC has been the largest market and is expected to show the highest growth during the forecast period.

Geographically, the Asia Pacific is expected to grow at the highest CAGR during 2017 to 2021 around the world. It accounted for the largest market share of 38 % for silicon carbide based semiconductor devices in terms of value in 2016. This is mainly due to the fact that there is huge development related to silicon carbide in China. It has been estimated that China accounts majority share of silicon carbide materials in terms of volume.

Global top manufacturers operating in Silicon Carbide (SIC) Market are ESK-SIC GmbH, Grindwell Norton Ltd., The Dow Chemical Company, CREE Incorporated, Fairchild Semiconductor International Inc., Genesic Semiconductor Inc., Infineon Technologies AG, Microsemi Corporation, Norstel AB, Renesas Electronics Corporation, ROHM Co. Ltd., STMicroelectronics N.V, and Toshiba Corporation among others.

Global Silicon Carbide (SIC) market share by region as following:

Read Full Report: http://www.gosreports.com/global-silicon-carbide-sic-market-research-report-2016/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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