The global market for sintered silicon carbide is expected to reach USD 950 million by 2021, from USD 460 million in 2016. This growth is due to increasing demand for lightweight fibers in industries such as aerospace & defense and chemical engineering. The market will also benefit from the rising production of silicon.
The global Sintered Silicon Carbide market is segmented by types, applications, and regions. The report evaluates the market's current status, key drivers and challenges, and future growth prospects. It also includes a vendor analysis and input from key industry players. It provides data on the current market, past and future demand, and the supply and demand balance by region and product type.
This report also includes a detailed vendor landscape for the Sintering Silicon Carbide market. It also identifies key market players and analyzes the size and growth potential. It also includes analysis on key regions, including Latin America, Asia-Pacific, and Middle East & Africa. The report covers 109 pages and includes insights on the global Sintering Silicon Carbide market.
Sintered silicon carbide is a versatile material. This material is manufactured through the reaction of silicon and carbon. This results in a continuous matrix of silicon from about 5 to 20 percent and a metal or ceramic filler that occupies the remainder of the volume. It can be manufactured in various shapes through a variety of processes, including extrusion, injection molding, and cold pressing.
Sintered silicon carbide products are highly conductive, hard, and resistant to corrosion and oxidation. They also exhibit high thermal conductivity. In addition, silicon carbide is an electrical semiconductor.
Silicon carbide is a versatile material used in numerous industries, including the automotive, energy, and chemical industries. Its desirable properties include low thermal expansion, high strength, and chemical inertness. This material's usage is increasing worldwide, as rising disposable income per capita is boosting the sales of cars. In addition, it is used in a number of other applications, such as electricals and electronics. Furthermore, it is a lightweight material.
Market research reports focus on the growth opportunities and threats of the silicon carbide industry. According to the report, the global market for silicon carbide is expected to reach USD 7.18 billion by 2027. The global silicon carbide wafer market is expected to reach USD 491.7 million by 2026, with a CAGR of 16.1% over this period. Furthermore, the semiconductor power electronic devices market is expected to reach USD 5.6 billion in 2026.
Silicon carbide is an extremely versatile material that is used in various applications. Its properties include low thermal expansion, strength, and chemical inertness. The automotive industry is a key market for this material due to its growing demand for lightweight materials. In addition, it is used in the manufacture of semiconductor devices and electric vehicles.
As of 2015, the sintered silicon carbide market in Japan was estimated to be worth $2.2 billion. The segmentation of the market reflects the major companies involved in the production of the material. Some of the top companies in this industry include 3M, Saint Gobain, Kyocera, and Schunk Ingenieurkera.
The global market for sintered silicon carbide is segmented into four regions: North America, Western Europe, APEJ, and Japan. Within these regions, Japan accounted for the largest share in 2016. Likewise, the APAC region is anticipated to witness robust growth, with huge investments in consumer electronics, automotive manufacturing, and large steel production. China, India, Thailand, Australia, and Japan are among the major players in the region.
Sintered silicon carbide is a popular material for industrial applications, including fuel particles for nuclear reactors. It has an outstanding resistance to wear, thermal shock, and corrosion, making it ideal for industrial applications. For example, it is commonly used in automotive water pumps and is also used in heat-tube exchangers in the chemical process industry. Additionally, the defense industry utilizes this material in composite protection systems.
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