Market Research Reports : Hexa Research Silicon Carbide Market Analysis and Trends 2020

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Silicon Carbide Market Share, Size, Analysis, Growth, Trends and Forecasts, 2012 to 2020 | Hexa Research 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 stren gth. 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. 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. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/