CVD Silicon Carbide (CVD-SiC) is a synthetic material that is made up of a mixture of silicon and carbon. It is an extremely hard material that is used for a wide variety of applications in the industrial and electronic markets. Its intense hardness makes it ideal for use in cutting tools, grinding wheels, and wear resistant coatings. It is also used in various semiconductor applications due to its excellent thermal conductivity and dielectric properties.
Today, CVD-SiC is produced in large quantities on a global scale and is used in a variety of industrial and electronic applications. Its properties make it ideal for use in the aerospace, automotive, medical, and defense industries. Its superior strength makes it an effective choice for use in cutting tools or production machining, while its excellent thermal and dielectric properties make it advantageous in areas such as heating elements, fire detection, and electronic switching.
The global CVD Silicon Carbide market was valued at US$ 404.6 million in 2022 and is anticipated to reach US$ 649 million by 2029, witnessing a CAGR of 6.9% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global CVD Silicon Carbide Market available at: https://www.themarketreports.com/report/global-cvd-silicon-carbide-market-research-report
This report aims to provide a comprehensive presentation of the global market for CVD Silicon Carbide, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding CVD Silicon Carbide.
Tokai Carbon, Morgan Advanced Materials, Ferrotec and Coorstek are leading international suppliers. Tokai Carbon has a 32 per cent market share.
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