Silicon Carbide Ceramics Market Research, Growth Opportunities, Analysis and Forecasts to 2023

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Silicon Carbide Ceramics Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Silicon Carbide Ceramics Market Research Report-
Forecast to 2023
Silicon Carbide Ceramics Market - Overview
The Global Silicon Carbide Ceramics Market was
valued at USD 4,860.0 million in 2016 and is
predicted to grow at flourishing CAGR of 6.45 to
reach USD 7,474.1 million by the end of 2023.
Silicon Carbide Ceramics exhibit excellent
properties such as low thermal expansion, high
hardness, elastic modulus, thermal shock
resistance, and high thermal conductivity. They
altogether have availed its consumption in
several industrial uses. The application of Sic
ceramics covered electronics electrical,
automotive, machine manufacturing, metal mining,
aerospace defense, metallurgic, industrial and
others. Ballistic, energy, sporting goods, and
jewelry are considered as the niche markets,
wherein demand is gradually increasing year by
year. Nevertheless, the growth in this market is
anticipated due to the massive steel production
noted in the Asia Pacific.
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Silicon Carbide Ceramics Market Research Report-
Forecast to 2023
Segmental Analysis
The Global Silicon Carbide Ceramics Market is
segmented into Type, Application, and
Region. Based on the Type, the market is
segmented into pressure sintered reaction bonded
and recrystallized silicon carbide. Pressure
sintered Silicon Carbide Ceramics accounted for
the largest market share of 55.23 in 2016. The
ability of pressure sintered silicon carbides to
work in extreme conditions and at high
temperatures led to their adoption in wide
industrial applications. Thus, the segment has
registered most promising growth among other
types and growing at a CAGR of 7.75 as of 2016.
Following pressure sintered, reaction bonded is
the second largest segment expanding at a CAGR of
5.11. Furthermore, based on the Application,
the global market is segmented into electronics
electrical, automotive, machine manufacturing,
metal mining, aerospace defense, metallurgic,
industrial and others. Other application of
Silicon Carbide Ceramics includes jewelry,
ballistic, energy, and sporting goods, which are
probably the niche markets. Electronics
electrical industry dominated the global market,
as Sic Ceramics have suitable properties required
to produce electrical goods and devices. This
industry has acquired a 28 share of the Sic
Ceramics Market, followed by automotive accounted
for 22 share in 2016. Sic ceramics are used to
produce durable automotive parts owing to
hardness associated with them. Automotive
production was on the rise, specifically in the
Asia Pacific, which is complementing the global
demand, expanding at 8.98 CAGR. As per the
industry experts, machine manufacturing would be
the lucrative application segment in the coming
years for silicon carbide ceramics. Rising number
of country-level political alliances have proved
fuel for the industrial growth, therefore, the
machine manufacturing application segment
anticipated to play an important role.View Full
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Silicon Carbide Ceramics Market Research Report-
Forecast to 2023
Regional Outlook
The Global Silicon Carbide Ceramics Market is
spanned across North America, Europe, Asia
Pacific, Latin America, and the Middle East
Africa. According to the MRFR analysis, Asia
Pacific was the most promising region both in
terms of consumption as well as market value as
of 2016 and is accounted for 39 share of the
global market followed by North America at 26.
The region is anticipated to grow both in terms
of value and volume at a CAGR of 6.45 and 5.65
respectively during the forecast period. The
growth of this region is highly attributed high
automotive base in China and the largest
electronics electrical production in
Japan. The study was conducted using an
objective combination of primary and secondary
information including inputs from key
participants in the industry. The report contains
a comprehensive market and vendor landscape
analysis of key vendors. This research report
provides the insights, on various levels of
analyses such industry analysis, market share
analysis leading market players and their
profiles. This report also helps in studying the
target segments by providing views on emerging
high-growth segments and market conclusion.
Together the market data comprise and discuss
with the basic assessments on the competitive
scenarios strategies, of the Global Silicon
Carbide Ceramics, including the high-growth
regions and their political, economic and
technological environments. Furthermore, the
project report also provides the views over the
historical market values as well as, pricing and
cost analysis of the same.
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Silicon Carbide Ceramics Market Research Report-
Forecast to 2023
Major Players in this Research

• Silicon Carbide Ceramics Market Prominent
  Players
• Saint-Gobain (France)
• CeramTec (Germany)
• Morgan Advanced Material (U.S.)
• Ortech Advanced Material (U.S.)
• KYOCERA Corporation (Japan)
• Blasch Precision Ceramics (U.S.)
• Coors Tek Inc. (U.S.)
• Hitachi Chemicals (Japan)
• Ceradyne Inc (U.S.)
• ESD SIC bv (Netherlands)

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