Pune, India -- (SBWIRE) -- 04/13/2019 -- The latest report has been added to the wide database of Silicon Carbide Market by Infinium Global Research. This report studies the Silicon Carbide Market by product (black silicon carbide, green silicon carbide), application (steel & energy, chemical, consumer electronics, military & defense, aerospace & aviation, medical & healthcare) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Silicon Carbide Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Silicon Carbide Market. The global silicon carbide market is projected to grow at a healthy CAGR over the forecast period of 2018-2024.

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Silicon Carbide Market: Industry Insights

Silicon Carbide is the type of semiconductor which contains silicon and carbon and also known as Carborundum. Silicon Carbide is used in semiconductor electronic devices as an application such as a light emitting diode (LEDs) and detectors and cars clutches, car brakes and ceramics plates in a bulletproof vest. Silicon Carbide is used as an oil additive which reduces emission, friction, and harmonics. Silicon Carbide has physical and electrical properties which increase the resistance of material from high temperature and high voltage.

Silicon Carbide Market: Drivers and Restraints

Growing usage of silicon carbide in the radio frequency devices and the cellular base stations as silicon carbide are temperature and voltage resistant which drives the growth of the global silicon carbide market. Increasing adoption of silicon carbide in automotive industries for the car clutches and brakes as having application to reduce friction, harmonics, and emission in the cars which implies the growth of silicon carbide market. Availability of GaN as the alternative product for the silicon carbide product that can be used for switching power devices and radio frequency which may be the major factor for hampering the silicon carbide market.

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Silicon Carbide Market: Segmentation

Global Silicon Carbide market is segmented on the basis of Product and applications. The product is segmented into Black Silicon Carbide, Green Silicon Carbide, and other product types in which Black Silicon Carbide segment holds the highest market due to an increase of usage for car brakes and clutches in the automotive industries. By applications, the market is segmented into Steel & Energy, Chemical, Consumer Electronics, Military & Defense, Aerospace & Aviation, Medical & Healthcare and other applications in which Steel and Energy is dominant in the Silicon Carbide market due increasing adoption in the heavy industries.

Silicon Carbide Market: Regional Insights

Global Silicon Carbide market is segmented regionally into North America, Europe, Asia-Pacific and Rest of World (RoW). Asia-Pacific holds the highest market share in the Global Silicon Carbide Market because of increasing adoption of electric vehicles and EV charging in China and Japan led to driving the Asia-Pacific Silicon Carbide Market. Europe is expected to grow with the highest CAGR during 2018-2025, due to increasing demand in the electronics industry. North America holds a substantial share in the global Silicon Carbide market. In North America, the U.S holds highest market share followed by Canada and Mexico.

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Silicon Carbide Market: Competitive Analysis

The Global Silicon Carbide Market comprise with the major players, Agsco Corporation, Grindwell Norton Ltd., Saint-Gobain Ceramics Materials GmbH, The Dow Chemical Company, Snam Abrasives Pvt. Ltd., Carborundum Universal Ltd., Xiamen Powerway Advanced Material Company Ltd., Timcal Ltd.. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Silicon Carbide.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.