New York, NY -- (SBWire) -- 02/07/2018 --Silicon carbide foam structure has low flow resistance, large surface area, and high void volume. Silicon carbide foam is thermally and electrically conductive, thermal and fractures shock resistant, strong, and lightweight material. Silicon carbide foam market registers significant growth rate, owing to increasing utilization of silicon carbide in electrochemical processes which require fluid flow and low electrical resistance. North America silicon carbide foam market is expected to contribute for major revenue share, attributed to growing semiconductor industry across the region.
The growth of the global silicon carbide foam market is driven by growing high heat foam market, defense industry, aerospace industry, and semiconductor industry. Moreover, increasing awareness of using foam insulation for the environmental benefits also fueling the global silicon carbide foam market. The advantages of silicon carbide over other ceramics including high electrical and thermal conductivity, lightweight, low thermal expansion, low flow resistance, resistance to corrosion, scratches and wear, high filtration efficiency, and high hardness, which is fueling the demand for global silicon carbide foam market.
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However, instability in the prices of petrochemicals, which are used in the production of silicon carbide foam restraining the silicon carbide foam market across the globe. The company operates in the silicon carbide foam market can increase its share in the global silicon carbide foam market by increasing their investment in Asia-Pacific region.
The global silicon carbide foam market is segmented on the basis of application, end-use, and region. Based on application, the global silicon carbide foam market is further classified into electromagnetic radiation absorbers, gas diffusers, rocket nozzles, heat shielding elements, high-temperature filters, heat exchangers, porous electrodes, and composite panels.
Among which, heat shielding elements segment is expected to account for significant revenue share in the global silicon carbide foam market. By end-use, the global silicon carbide foam market segmented into defense, aerospace, semiconductor industries, and others. Among these, semiconductor industries segment is growing at a substantial CAGR in global silicon carbide foam market with relatively high volume share over the forecast period.
Few players in the global silicon carbide foam market include Evonik Industries, Waker Chemie AG, BASF SE, Ube Industries, Ltd., Sinoyqx, and Rogers Corporation.
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Silicon Carbide Foam Market: Industry Outlook, Growth Prospects and Key Opportunities
Silicon carbide foam is open-celled, porous structure made by interconnecting the ceramic ligament lattice.