Global: Carborundum Market Research Report, by type (Black SiC, Green SiC, & Others) by application (Electronics, Semiconductors, Medical Healthcare, Automotive, Aerospace Aviation, Fabrications and others) by region (Americas, Europe, Asia – Pacific and Middle East & Africa) - Forecast to 2027 Report Description
Global Carborundum Market Report: Overview
Carborundum is a chemical compound of carbon and silicon with the chemical formula of CSi is also known as Silicon Carbide (Sic). Carborundum is also one of the extremely rare mineral moissanite. Carborundum has various applications in various industries including automobile, electronics, and steel. This market has seen tremendous growth in past few years as these industries are growing and expected to grow with CAGR of more than 15% in the forecasted period. In the market of Carborundum, black and green Carborundum (silicon carbide) dominates the market with more than 90% of market share. Globally Asia pacific is leading the market of Carborundum with market share of more than 50% and expected to lead the market share in the forecasted period due to the advancement of technologies and economic development.
Global Carborundum Market Report: Market Influencer
The major factors which are driving the market of Carborundum are technological advancement, and key developments in different industries. Carborundum has various uses in growing industries like- medical & healthcare, chemicals, aerospace & aviation, steel & energy and most important electronics and semiconductors which are growing with the rapid pace. As these industries are growing with their factors, it is creating high demand for the Carborundum resulting more companies are coming in this segment and existing companies are diversifying their product line.
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