What is Silicon Carbide Ceramics - Global Market?
Silicon Carbide Ceramics is a specialized ceramic material often used in various industries due to its exceptional properties such as high hardness, low density, high temperature strength, oxidation resistance, and thermal shock resistance. This material is made up of silicon and carbon, and it is known for its ability to withstand high temperatures and corrosive environments, making it an ideal choice for various applications. The global market for Silicon Carbide Ceramics is quite diverse, with several types available, including Sintered Silicon Carbide, Reaction Bonded Silicon Carbide, Recrystallized Silicon Carbide, CVD Silicon Carbide, and others. Sintered Silicon Carbide is produced by heating a mixture of silicon and carbon to high temperatures, resulting in a dense, hard material. Reaction Bonded Silicon Carbide, on the other hand, is created through a process that involves the reaction of molten silicon with carbon, resulting in a material that is less dense but has excellent wear resistance and high thermal conductivity. Recrystallized Silicon Carbide is formed by re-melting silicon carbide material, resulting in a material with high purity and improved properties. CVD Silicon Carbide is produced through a process called Chemical Vapor Deposition, where gaseous silicon and carbon react to form a dense, pure material. Each of these types has its unique properties and applications, making them suitable for various industries.
Sintered Silicon Carbide, Reaction Bonded Silicon Carbide, Recrystallized Silicon Carbide, CVD Silicon Carbide, Others in the Silicon Carbide Ceramics - Global Market:
Silicon Carbide Ceramics finds extensive usage in several areas such as Machinery Manufacturing, Metallurgical Industry, Chemical Engineering, Aerospace & Defense, Semiconductor, Automobile, and others. In Machinery Manufacturing, it is used for parts that require high temperature and wear resistance. In the Metallurgical Industry, it is used in furnaces due to its high temperature resistance. In Chemical Engineering, it is used in various applications due to its excellent corrosion resistance. In Aerospace & Defense, it is used in components that require high strength and temperature resistance. In the Semiconductor industry, it is used in wafer processing equipment due to its excellent thermal properties. In the Automobile industry, it is used in various components due to its high strength and wear resistance. Each of these industries has specific requirements, and Silicon Carbide Ceramics is able to meet these due to its exceptional properties.
Machinery Manufacturing, Metallurgical Industry, Chemical Engineering, Aerospace & Defense, Semiconductor, Automobile, Others in the Silicon Carbide Ceramics - Global Market:
The global Silicon Carbide Ceramics market, valued at US$ 567 million in 2022, is expected to reach US$ 699.1 million by 2029, growing at a CAGR of 3.0% during the forecast period 2023-2029. Europe and North America are the second and third largest markets, respectively, with market shares of nearly 29% and 24%. The market is dominated by leading manufacturers such as Saint Gobain, Ceramtec, 3M, IBIDEN, and Kyocera, which collectively accounted for 45% of the market in 2019. The largest application of Silicon Carbide Ceramics is in machinery manufacturing, which accounted for about 31% of the global demand in 2019. The major manufacturing process for Silicon Carbide Ceramics is the Reaction Bonded Silicon Carbide process, which accounted for about 58% of the global market in 2019.
| Report Metric | Details |
| Report Name | Silicon Carbide Ceramics - Market |
| Forecasted market size in 2029 | US$ 902.9 million |
| CAGR | 2.5% |
| Forecasted years | 2023 - 2029 |
| Global Silicon Carbide Ceramics market, by region: |
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| Global Silicon Carbide Ceramics market, Segment by Type: |
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| Global Silicon Carbide Ceramics market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
