Silicon Carbide is a synthetically manufactured chemical compound of silicon and carbon. It is strong, oxidation resistant, thermal shock resistant, and chemical resistant. It is characterized by low density, low thermal expansion and high temperature strength. Hexa Research observes that these factors will contribute to the global silicon carbide market growing strongly at a CAGR of 15% from 2014 to 2020.
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Silicon carbide’s applications include aerospace & aviation, electronics & semiconductors, steel & energy, military & defense and medicine & healthcare. Steel and energy, with a total demand of more than 300 kilo tons, was the largest application area in 2013. Silicon carbide is used as a deoxidizing agent in steel manufacture. It is also a manufacturing component for semiconductors. Pure silicon conductors are increasingly being replaced by silicon carbide semiconductors. Hexa Research opines that growing market for steel and semiconductors will prove favorable for future demand of silicon carbide. The revival of automobile industry, especially in Asia Pacific countries like China, will also boost demand. Silicon Carbide is used as an oil additive in automobiles. Medical and Healthcare application segments will grow rapidly at a CAGR of 16.4% from 2014 to 2020. Key market growth inhibitors include high manufacturing costs and low tolerance levels.
Silicon carbide products include black, green, coated, refractory, micro grit, metallurgical and metallurgical briquettes. Key product segments of green and black will witness stagnant growth in the coming years. Applicability of black silicon carbide in ceramic, refractory and steel industries will propel market growth.
Hexa Research finds Asia Pacific with revenues more than $865 million to be the largest regional market for silicon carbide in 2013. Asia Pacific will continue its ascent with expected CAGR of 16.7% from 2014 to 2020, owing to factors like rapid industrialization and growing infrastructure projects. Exponential growth in Chinese automotive industry will also be an important contributor. Demand for Silicon Carbide in North America arose from the medical & healthcare and military & defense sectors. Hexa Research includes Dow Chemical Company, Entegris Inc., ESK-SIC Gmbh and Grindwell Norton in the list of key global industry participants.
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Table of Contents
Chapter 1 Executive Summary
1.1 Silicon Carbide – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Silicon Carbide Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Silicon Carbide Value Chain Analysis
2.4 Silicon Carbide Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Growing demand from steel and energy
2.4.1.2 Growing semiconductor and electronics industry
2.4.2 Market restraint analysis
2.4.2.1 Cost issues
2.5 Key Opportunities Prioritized
2.6 Industry Analysis – Porter’s
2.7 Silicon Carbide – Company Market Share Analysis
2.8 Silicon Carbide – PESTEL Analysis
Chapter 3 Silicon Carbide Product Outlook
3.1 Black Silicon Carbide
3.1.1. Global Silicon carbide demand in black silicon carbide, 2012 – 2020, (Kilo Tons), (USD million)
3.2 Green Silicon Carbide
3.2.1 Global Silicon carbide demand in green silicon carbide, 2012 – 2020, (Kilo Tons), (USD million)
3.3 Others
3.3.1 Global Silicon carbide demand from others, 2012 – 2020, (Kilo Tons), (USD million)
Chapter 4 Silicon Carbide End-Use Outlook
4.1 Steel and Energy
4.1.1. Global demand from steel and energy, 2012 – 2020, (Kilo Tons), (USD million)
4.2 Automotives
4.2.1. Global demand from Automotives, 2012 – 2020, (Kilo Tons), (USD million)
4.3 Aerospace and Aviation
4.3.1. Global demand from aerospace and aviation, 2012 – 2020, (Kilo Tons), (USD million)
4.4 Military and Defense
4.4.1. Global demand from military and defense, 2012 – 2020, (Kilo Tons), (USD million)
4.5 Electronics and Semiconductors
4.5.1. Global demand from electronics and semiconductors, 2012 – 2020, (Kilo Tons), (USD million)
4.6 Medical and Healthcare
4.6.1. Global demand from medical and healthcare, 2012 – 2020, (Kilo Tons), (USD million)
4.7 Others
4.7.1. Global demand from others, 2012 – 2020, (Kilo Tons), (USD million)
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