Silicon Carbide Ceramics Market: Information by Type (Reaction Bonded Silicon Carbide, Recrystallized Silicon Carbide, Silicon Nitride-Silicon Carbide, Others) Application (Steel & Energy, Automotive, Aerospace & Aviation, Military & Defense, Electronics & Semiconductors, Others), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2026
Silicon carbide ceramics are one of the toughest types of ceramics classified as advanced ceramics. It is not only the hardest and hardest ceramic material, but also has good thermal conductivity, low thermal expansion and excellent acid resistance. In addition, it is the most corrosion-resistant ceramic, making it advantageous for use in the automotive and electrical, electronics and machine building industries.
The global Silicon Carbide Ceramics market is estimated to be USD 6,044 million in 2019 and is expected to reach USD 9,313 million by 2026, with a CAGR of 6.37% during the forecast period.
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Key Dynamics
The demand for Silicon Carbide Ceramics throughout the globe is increasing rapidly, which can be ascribed to the growing applications as a result of its excellent performance as a ceramic material. The properties mainly include the exceptional thermal conductivity, well-resistant to acids, and low thermal expansion. Furthermore, owing to its good erosion and abrasive resistance, making it capable for application in spray nozzles, shot blast nozzles, and cyclone components, this, however, may further fuel the demand for the materials.
By applications, the Electronics & Semiconductors segment accounts for the utmost market share, while the study forecasts that the Automotive sector may exhibit the highest growth in generating revenues among other applications in the next six years, as emerging electrical vehicles has acetated the automotive production so that having a negative impact on the applications in the Electronics segment.
Segmentation
On the basis of type, Silicon Carbide Ceramics Market segmented into
l Reaction Bonded Silicon Carbide
l Recrystallized Silicon Carbide
l Silicon Nitride-Silicon Carbide
On the application, Silicon Carbide Ceramics Market segmented into
l Steel & Energy
l Automotive
l Aerospace & Aviation
l Military & Defense
l Electronics & Semiconductors
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Competitive Landscape
Major players profiled in the global Silicon Carbide Ceramics market include Saint Gobain, Hitachi, Hitachi, ASUZAC, KYOCERA, Morgan, CoorsTek, Blash, Schunk Ingenieurkeramik, Fraunhofer IKTS, Ceramtec, and etc.
Regional Spotlights
By regions, the global Silicon Carbide Ceramics market was mainly concentrated in the regions of Asia-Pacific, North America, and Europe, with the market value of 30.79%, 28.75%, and 26.33% respectively, accounting for a total of over 85.67%. Asia-Pacific is a leading contributor both in terms of production and sales of Silicon Carbide Ceramics, which can be attributed to the strong demand for such materials in the industrial and automotive industry. While North America area is estimated to make a substantial growth in sales generation during 2019-2026 owing to the growing expenditure on the aerospace and military sector for enhancing infrastructure of these industries in the region.
It’s worth noting that emerging economies like Brazil and Mexico will climb the ladder of growth in terms of shares, which thanks to the political growth and economic reforms in these regional markets.
Overall Regions Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Silicon Carbide Ceramics Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Silicon Carbide Ceramics Market by Types
4 Segmentation of Silicon Carbide Ceramics Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Silicon Carbide Ceramics Market in Major Countries
7 North America Silicon Carbide Ceramics Landscape Analysis
8 Europe Silicon Carbide Ceramics Landscape Analysis
9 Asia Pacific Silicon Carbide Ceramics Landscape Analysis
10 Latin America, Middle East & Africa Silicon Carbide Ceramics Landscape Analysis
11 Major Players Profile
11.1 Saint Gobain
11.1.1 Saint Gobain Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Hitachi
11.3 ASUZAC
11.4 KYOCERA
11.5 Morgan
11.6 CoorsTek
11.7 Blash
11.8 Schunk Ingenieurkeramik
11.9 Fraunhofer IKTS
11.10 Ceramtec
…
In-depth Silicon Carbide Ceramics Market Report: Intended Audience
l Silicon Carbide Ceramics manufacturers
l Raw material suppliers of Silicon Carbide Ceramics products
l Downstream vendors and end-users
l Traders, distributors, and resellers of Silicon Carbide Ceramics products
l Chemical materials industry associations and research organizations
l Product managers, Silicon Carbide Ceramics product industry administrator, C-level executives of the industries
l Market Research and consulting firms
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Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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