Silicon Carbide Grains Market was valued at USD 1.50 Billion in 2022 and is projected to reach USD 3.20 Billion by 2030, growing at a CAGR of 10.10% from 2024 to 2030.
The global silicon carbide grains market was valued at approximately USD 4.8 billion in 2022. The market is anticipated to witness a robust growth trajectory, with a compound annual growth rate (CAGR) of around 5.2% from 2023 to 2030. This growth is driven by the increasing demand for silicon carbide in various industrial applications, including electronics, automotive, and abrasives. The material’s exceptional hardness, thermal conductivity, and electrical efficiency make it a preferred choice in these sectors, spurring significant investment and technological advancements.
Emerging markets in Asia-Pacific, particularly India and China, present considerable growth opportunities for the silicon carbide grains market. Rapid industrialization, expanding automotive sectors, and the push towards green technologies are driving the demand in these regions. Additionally, advancements in silicon carbide manufacturing processes and the growing trend of electric vehicles (EVs) are expected to further bolster market expansion. The shift towards renewable energy sources and the need for energy-efficient solutions are likely to amplify the market potential in these burgeoning economies.
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Saint-Gobain
Fiven
Lanzhou Heqiao
Cumi Murugappa
Elsid
Washington Mills
ESD-SIC
Erdos
Elmet
Snam Abrasives
ESK-SIC
Navarro
Pacific Rundum
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Silicon Carbide Grains Market
Abrasive Industry
Refractory Industry
Ceramic Industry
Chemical and Steel Industry
Auto and Military Aviation Industry
Photovoltaic Industry
Others
Based on Types the Market is categorized into Below types that held the largest Silicon Carbide Grains market share In 2023.
Black Silicon Carbide Grains
Green Silicon Carbide Grains
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Silicon Carbide Grains Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Silicon Carbide Grains Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Silicon Carbide Grains Market, By Type
6. Global Silicon Carbide Grains Market, By Application
7. Global Silicon Carbide Grains Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Silicon Carbide Grains Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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