iAbrasive: Global Silicon Carbide Market Is Expected to Reach USD 3.82 Billion by 2019

iAbrasive shows a market research has been released which indicates that global silicon carbide market is projected to reach USD 3.82 billion five years later. 

According to the report, the demand for silicon carbide has exceeded USD 1.45 billion in 2012 and is expected to reach USD 3.82 billion five years later, which means a compound average growth rate (CAGR) at 15.3% from 2014 to 2019.

Black and green silicon carbide are the dominant product segments, which account for over 90% of the overall market share in 2012. It is estimated that black silicon will continue holding its market position in the near future and maintain a CAGR of 15.4% between 2014 and 2019. Green silicon consumption is expected to reach 656.1 kilo tons by 2019. 

Silicon carbide is primarily used in steel & energy, automotive, aerospace & aviation, military & defense, electronics & semiconductors and medical & healthcare end-user segments. Steel & energy has showed the highest demand for silicon carbide in 2012 and accounts for more than 28% of the market. 

Based on the whole industry, iAbrasive is able to provide silicon carbide of various shapes and sizes. Besides, news about silicon carbide will be updated immediately on iAbrasive.com. Users are available from: http://www.iabrasive.com