Global Carborundum Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global carborundum market in its upcoming report titled, “Global Carborundum Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global carborundum market is estimated to register a CAGR of XX.X% during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the carborundum market, their financials, supply chain trends, products and related technological innovations, key developments, apart from current and future strategies, acquisitions & mergers, and market footprint. The global carborundum market report has been segmented on the basis of type, end user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various reliable sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts, with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make more accurate and informed forecasts about the market scenario in future.
Carborundum, also known as silicon carbide (SiC), is a unique compound containing silicon and carbon. It is one of the hardest material available and occurs naturally as a rare mineral moissanite. SiC is a stable and chemically inert compound found as bluish black, iridescent crystalline solid, owing to small amounts of iron or other impurities from the industrial production. It has high thermal conductivity, high-temperature strength, low thermal expansion, and is resistant to chemical reactions.
Primary factors driving growth of the global carborundum market is its wide use as an abrasive to make various materials such as sandpapers, grinding wheels, cutting tools, hard ceramics, refractory linings, high temperature bricks, heating elements, wear-resistant parts for pumps, rocket engines, and even jewelry. It is also an important material in electronics industry, used for making light-emitting diodes (LEDs) and semiconductors, which is expected to fuel growth of the global carborundum market significantly in the coming years. In addition, the growing environmental concerns, owing to air pollution from automobiles and advancements in technology for alternate energy sources is also expected to drive demand for SiC-based automotive inverters in automobile industry for development of electric vehicles and hybrid electric vehicles, thus projected to drive growth of the global carborundum market over the forecast period.
Major factors restraining growth of the target market are high cost of the mineral and high production cost. SiC dust and fibers formed during production are harmful for individuals and can cause irritation of skin, eyes, and different problems in lungs and respiratory system, which can challenge the growth of the target market. Major trend observed in the market is the growing popularity of silicon carbide-based photovoltaic cells in developing and emerging economies, which is expected to fuel growth of the target market.
Asia Pacific is the dominant regional market, accounting for highest share in the global carborundum market in terms of revenue and is expected to maintain its dominance over the forecast period. This is attributed to growth in steel and energy industry in the region. Also, the growing electronics and semiconductors industries is expected to have a positive impact in the Asia Pacific region. North America is anticipated to register a significant growth on account of its growing medical and healthcare industry increasing growth of target market. Growing military and defense industry in the US will also complement the market growth in region. The market in Latin America and Middle East & Africa are expected to register a moderate growth over the forecast period.
Global Carborundum Market Segmentation:
Segmentation by type:
- Black SiC
- Green SiC
- Others (coated, metallurgical briquettes, micro grit etc.)
Segmentation by end user:
- Electronics & semiconductors
- Steel & energy
- Aerospace & aviation
- Others (Medical and healthcare, Military & defense, IT and Telecommunication)
Segmentation by region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Carborundum Universal Limited
- ENTEGRIS, INC.
- Gaddis, Inc.
- Norstel AB
- AGSCO Corp
- Dow Corning Corporation
- Henan Yicheng New Energy Co., Ltd.
- Kyocera Corporation
- Hongwu International Group Ltd
- Saint-Gobain Corporation
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