Silicon Carbide is a crystalline compound of silicon and carbon, which is produced synthetically. It is also known as carborundum. Silicon carbide is not attacked by any acids or alkalis or molten salts. Superior properties such as low density, oxidation resistance, excellent thermal shock resistance, high strength, high thermal conductivity, high temperature strength, high hardness and wear resistance, excellent chemical resistance and low thermal expansion makes it useful in making products such as fixed and moving turbine component, seals, bearings, ball valve parts, wear plates, pump vanes, kiln furniture, heat exchangers, semiconductor wafer processing equipment and abrasive tools. It has its wide applications in industries such as steel and energy, automotive, electronics and semiconductors, aerospace and aviation, medical and healthcare and military and defence. One of the key drivers for growing silicon carbide demand is the high demand for steel manufacturing and steel processing along with its recycling units. Other driving force is the growth in the electronics and semiconductor market which uses silicon carbide thus replacing the existing pure silicon technology semiconductors. High precision needed for manufacturing components and the low level of tolerances in its applications serves as restrains for the development of this market. As silicon carbide made devices are more expensive due to low manufacturing yields and low manufacturing volumes, this expensive nature turns to be a restrain for growth of this industry.
Based on the different types of products, silicon carbide is mainly classified into categories such as green silicon carbide, black silicon carbide, refractory silicon carbide, coated silicon carbide, metallurgical silicon carbide, metallurgical briquettes and micro grit silicon carbide. Black silicon carbide and green silicon carbide are the dominant products segment and therefore expected to grow the demand for this market. Black silicon carbide is expected to grow further during the forecast period due to its increasing usage in steel manufacturing, abrasive wheel and refractory and ceramic industry.
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Steel and energy segment is the fastest growing application segment for the silicon carbide market. The high sublimation temperature of silicon carbide makes it useful for bearings and furnace parts; its properties such as hardness, high thermal resistance and high temperature strength are extremely useful in grinding wheels and in abrasive paper and cloth products. Semiconductors and electronics is other segment which is expected to increase the demand of silicon carbide as it offers various properties such as wider band gap, larger critical electric field, and higher thermal conductivity. Silicon carbide devices are replacing pure silicon devices as it operate at higher temperatures and higher voltages and provides high power density and higher current density. The silicon carbide devices also reduce electricity losses due to conduction and switching thereby offering higher efficiency in electronic systems. Increase in demand for silicon carbide is also contributed by automotive segment as it is used for high performance ceramic brake discs and in addition used as an oil additive to reduce friction, harmonics and emissions. Other end user segments driving the demand for silicon carbide include aerospace and aviation, military and defense, medical and healthcare.
Asia Pacific is expected to serve as the largest market for silicon carbide in terms of volume due to driving in the sales of various driver segments such as steel and energy, electronics and semiconductors and automotive. Asia Pacific and RoW are expected to be strong markets in future for silicon carbide due to growing industrialization and infrastructure. Silicon carbide market demand in North America and Europe is expected to grow due to growth in the end users.
The key companies in this market includeAGSCO Corporation, Entegris Inc., Dow Chemical Company.ESD-SIC b.v.,ESK-SIC GmbH, Carborundum Universal Ltd, Gaddis Engineered Materials, Grindwell Norton Ltd., Snam Abrasives Pvt. Ltd.and Saint-Gobain Ceramics Materials GmbH.
Key questions answered by the report
- What was the size of the silicon carbide market in 2013; what are the expected growth trends and market forecast for 2014 to 2020
- Which companies were the leaders in 2013, what are their current products and what are the strategic initiatives taken by them
- What opportunities are available to these and other contenders in this space
- What are the barriers and opportunities in the silicon carbide market
- Which were the top-performing product segments in 2013? How will these segments perform in 2020
- Which were the top-performing end-use segments in 2013? How will these segments perform in 2020
- Which werethe top-performing regional markets in 2013? How will these markets perform in 2020