The new research report titled "Silicon Carbide Market, Global Industry Analysis, and Forecast to 2028" gives a detailed analysis and future forecasts of the market. The report highlights the significant players, including market size, share, and demand, development. This report further covers the latest trends, technological advancements, and growth opportunities.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the silicon carbide market include AGSCO Corporation, Carborundum Universal Limited., Dow Chemical Co., Entegris, Inc., ESD-SiC b.v., ESK-SIC GmbH, Gaddis Engineered Materials, Grindwell Norton Ltd., Saint Gobain Ceramic Materials GmbH, SNAM Abrasives Pvt. Ltd.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

Many factors, such as the surge in demand for motor drives, compact system size, and the increase in utility of silicon carbide in the cellular base station and radiofrequency devices, are some factors, which are boosting the growth of the silicon carbide market during the forecast period. Silicon carbide reduces the power system loss by 50%, owing to which the adoption of compact size semiconductors is increasing in various applications such as Industrial Motor Drive, Power Supply and Inverter, Lighting Control, and others. On the other hand, the price of silicon carbide ranges from $800 to $2,000 per ton, which is very high compared to other available alternatives. Therefore, the high cost of Silicon carbide is the primary factor restraining the growth of the market. Also, defects in material and issues related to the package are the other challenge faced by vendors associated with the silicon carbide market.

The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.

Additionally, these tools also give inclusive assessment of each segment in the global market of silicon carbide.

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Market Segmentation

The report segments the silicon carbide market and analyses it with respect to the geography, intending to keep the marketer informed and help them identify the target demographics for the product or service.

By Product

Black silicon carbide
Green silicon carbide

By Application

Steel
Automotive
Aerospace
Military & defense
Electrical & electronics

Healthcare
Others

Regional Analysis

This section covers regional segmentation which accentuates on current and future demand for silicon carbide market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.

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Silicon Carbide Market Size, Global Forecast to 2028