The report “Global SIC Powder Market, By Type (Green SIC Powder and Black SIC Powder), By Application (Electronics, Special Ceramics, Refractories, Metallurgy, and Abrasives), and Region – Global Forecast to 2029″ Global SIC powder market is projected to grow from US$ XX billion in 2019 to US$ XX billion by 2029. The electronic property of SIC powder semiconductor prevent form overheating majorly use in steel industry which is the major propelling factor for the growth of target market. Additionally, the usage of power reduces by using the SIC powder containing electronic circuits which is the boosting factor for the growth of global market. Moreover, it is use to integrate the aircraft which is the fueling factor for the growth of global market. However, the cost of SIC powder containing appliances are high due to high integrating cost which is the major factor to hamper the growth of target market.
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- In September 2019, Cree Inc., built the world’s largest SIC powder device in the manufacturing facility.
Key Market Insights from the report:
The global SIC powder market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented on the basis of type, application, and region.
- By type, the global SIC powder market is segmented into green sic powder and black sic powder.
- By application, the global SIC powder market is categorized into electronics, special ceramics, refractories, metallurgy, and abrasives.
- By region, Asia- Pacific region is expected to dominate over the forecast period due to increase in steel industries. North America region show significant growth during the forecast period due to rise in automotive and aerospace industries.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global SIC Powder Market”, By Type (Green SIC Powder and Black SIC Powder), By Application (Electronics, Special Ceramics, Refractories, Metallurgy, and Abrasives), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – forecast till 2029
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The prominent player operating in the global SIC powder market includes Cree Inc., Dow Corning, Washington Mills Electro Minerals Ltd., INSACO Inc., Saint Gobain Ceramic Materials GmbH, Keyvest Belgium SA, Navarro SiC S.A, ESD SiC Inc, Carborundum Universal Limited, and Sublime Technologies Plc.