![Global Silicon Carbide Ceramics Market](https://res.cloudinary.com/devmoveo/image/upload/v1713268146/skyquest/gallery/Global-Silicon-Carbide-Ceramics-Market.jpg)
Report ID: SQMIG25A2231
Report ID:
SQMIG25A2231 |
Region:
Global |
Published Date: April, 2024
Pages:
224
|
Tables:
65 |
Figures:
76
Asia Pacific is the dominating region in the market. Asia Pacific is a major production region for silicon carbide ceramics due to the large number of semiconductor electronics factories located in countries like China, Japan, South Korea, Taiwan etc. Also, the regional automotive, space growing industries silicon with various applications-supports the demand for carbide ceramics. Rapid industrialization and urbanization in Asia-Pacific is fueling the demand for energy efficient materials, driving the growth of the silicon carbide ceramics market in the region.
North America accounted for the largest volume share by 2022. The region is expected to register the third largest revenue CAGR in terms of revenue over the forecast period If growth of clean metals is emphasized large enough to support the requirements of the domestic steel industry. The processes used in steelmaking produce cleaner steel with lower carbon emissions. The Middle East & Africa region is estimated to witness a steady growth during the forecast period. Growth in downstream industries such as automotive, consumer goods, electronics and manufacturing in the Gulf countries is expected to contribute to the market's growth.
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Report ID: SQMIG25A2231