CVD SiC (Chemical Vapor Deposition Silicon Carbide) is a type of high performance ceramic material and one of the hardest man-made structures. It is composed of silicon and carbon atoms bonded together in a hexagonal crystal structure. It has a high temperature tolerance and high strength-to-weight ratio, which makes it a highly sought after material in many high performance product applications.
It is used in a variety of applications in the semiconductor industry, including as an insulator in transistors, as a heat resistant substrate in advanced microprocessor fabrication, and in optical components. The material is also used in armor protection and to form lightweight artillery.
Increasing demand for electronic components, such as transistors and sensors, and increased adoption of green energy systems are expected to drive demand for CVD SiC in the foreseeable future. Furthermore, increasing investments in the defense sector are also anticipated to augment the market growth.
The global CVD SiC market was valued at US$ 367.9 million in 2022 and is anticipated to reach US$ 620.7 million by 2029, witnessing a CAGR of 6.7% 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 SiC Market available at: https://www.themarketreports.com/report/global-cvd-sic-market-research-report
This report aims to provide a comprehensive presentation of the global market for CVD SiC, 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 SiC.
Global CVD SiC key players include Tokai Carbon, Morgan Advanced Materials, Ferrotec, SKC Solmics, CoorsTek, etc. Global top 5 manufacturers hold a share about 70%. Asia-Pacific is the largest market, with a share about 55%, followed by North America, with a share about 30 percent. In terms of product, low resistivity grade is the largest segment, with a share about 35%. And in terms of application, the largest application is plasma etch components, followed by rapid thermal process components.
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