Carborundum Market 2022 : Projected to Deliver Greater Revenues during the Forecast Period 2030

Carborundum Market Insights:

In a recent research report by Market Research Community, the Carborundum market is expected to surpass USD 8.67 Billion by the year 2030, from USD 3.1 Billion in 2021.

Carborundum Market is a brand name for silicon carbide, a synthetic abrasive material that is extremely hard and brittle. It is used in a variety of applications, including as an abrasive for grinding, cutting, and polishing, as a refractory material for high-temperature applications, and as a semiconductor material in electronic devices. Silicon carbide is produced by heating silicon dioxide and carbon to high temperatures, a process that was first developed in the late 1800s. It is also known by its chemical name, SiC, and has a chemical structure similar to that of diamond, which makes it one of the hardest known materials. Silicon carbide is resistant to wear, chemicals, and heat, and can withstand temperatures up to 1600 degrees Celsius. It is also an excellent electrical conductor and has a high thermal conductivity.

Automation segment of the electric vehicle market is expected to have strong growth in the coming years due to a variety of factors. The increasing demand for semiconductors and carborundum chips in the manufacturing process, as well as the use of carborundum as a replacement for silicon in certain applications, are expected to drive revenue in this segment. Additionally, the use of carborundum-based transistors is expected to improve battery efficiency, which could also contribute to the growth of the automation segment.

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The carborundum market is poised for significant growth in the coming years, driven by several opportunities for expansion. One of the most promising opportunities is in the electronics industry, where carborundum is increasingly in demand as a semiconductor material in electronic devices like diodes and transistors. With the growing demand for high-performance electronic devices, the need for carborundum is on the rise, thanks to its superior thermal conductivity, high hardness, and ability to withstand high temperatures

North America is anticipated to contribute to the growth of the carborundum market. The factors such as the presence of significant defense and aerospace industries owing to the increased demand for carborundum for the production of lightweight components and semiconductors are projected to accelerate the carborundum market in the North American region.  

Electric vehicle market is expected to experience strong growth over the forecast period of 2022-2030, with a projected compound annual growth rate (CAGR) of approximately 12.1%. This growth is expected to occur despite a significant drop in product sales during the early stages of the COVID-19 pandemic and the resulting lockdown restrictions that were implemented around the world.

The Carborundum Market Share study is consolidated into major segments and further into sub-segments, such as by type (black SiC, green SiC, metallurgical SiC, coated SiC, micro grit SiC, and refractory SiC), by application (steel & energy, electronics & semiconductors, automotive, aerospace & defense, medical, fabrication, and others), to forecast the market size by value.                  

By Type     

• Black SiC,
• Green SiC,
• Metallurgical SiC,
• Coated SiC,
• Micro Grit SiC,
• Refractory SiC

By Application

• Steel & Energy,
• Electronics & Semiconductors,
• Automotive,
• Aerospace & Defense,
• Fabrication

Lastly, the report includes a regional analysis and country analysis with the latest Size, along with the major key players including Gaddis Mechanical Seals, Agsco Corp, Norstel Ab, Carborundum Universal Ltd, Imerys Graphite & Carbon, Snam Abrasives Pvt. Ltd, Kyocera Corporation, Xiamen Powerway Advanced Material Company Limited, Saint Gobain Ceramics Materials, Esd-Sic Bv.

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