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The dynamics of the carborundum market are shaped by a multitude of factors that include both industry-specific forces and larger economic concerns. The following is a summary of the main ideas describing the market variables affecting the carborundum market:
Dominance of Abrasive Applications:
The use of carborundum in abrasive applications is a major factor. Demand is fueled by its remarkable abrasive qualities and hardness, which make it an essential part of the manufacturing of cutting tools, abrasive papers, and grinding wheels used in a variety of sectors.
Growth in Industrial Manufacturing: The Carborundum Market is greatly impacted by the growth of the industrial manufacturing sector. Carborundum is used extensively in industries including machining, foundries, and metal fabrication for applications involving precise cutting and grinding, which drives market expansion.
Demand from building and Infrastructure: The global boom in building and infrastructure projects drives up the need for carborundum. Carborundum is widely used in construction projects as an essential material for cutting and shaping hard materials, which is in line with the growing demand in infrastructure development.
Ceramics and Refractories: The demand for carborundum is driven by its strong heat resistance and thermal conductivity in ceramics and refractories. Technological advances driving these sectors' advancements further stimulate the market and highlight the importance of carborundum in high-performance materials.
Utilization in Electronics and Semiconductors: The fabrication of semiconductors and electronics represents a specialized market for carborundum. Due to its distinct electrical characteristics and ability to withstand high temperatures, it is useful in the manufacturing of semiconductor components and helps to support niche markets.
Automotive sector Influence: Global automotive sector trends have a significant impact on the carborundum market. Carborundum meets the need for high-precision production processes in the automobile industry by finding uses in precision cutting, grinding, and polishing.
Requirements for Energy and Power Generation: Carborundum is a good material for energy and power generation because of its strength and ability to withstand high temperatures. The industry's demand for materials that can endure high temperatures is met by its usage in thermal insulation and refractory materials for furnaces.
Impact of Global Economic Trends: The Carborundum Market is significantly shaped by global economic conditions. The amount of carborundum required in various manufacturing processes is directly impacted by the state of the economy, the amount of infrastructure invested in, and the degree of industrial activity.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | (2022-2030 |
Carborundum Market Highlights:
Global Carborundum Market Overview
The Carborundum (or silicon carbide SiC) Market is expected to reach to over USD 6.6 billion by end of 2030.
Carborundum, also known as silicon carbide (SiC), is a crystalline compound made of silicon and carbon. It exhibits superior properties such as high thermal conductivity, low thermal expansion, and stiffness, which makes it suitable for use in various industries. SiC is increasingly used in abrasives, refractories, and ceramics. The product finds use in numerous applications including steel & energy, electronics & semiconductors, automotive, aerospace & defense, medical & healthcare, and fabrication. Various types of carborundum used in different applications include black SiC, green SiC, metallurgical SiC, coated SiC, micro grit SiC, and refractory SiC.
Growing electrical & electronics industry is the prime factor propelling the growth of the carborundum market. The product consumption is increasing in a wide range of electronics applications such as kiln furniture, process components, electrical field grading, and surge protection due to its superior properties such as chemical inertness, thermal shock resistance, abrasion hardness, and sinterability.
The product use is increasing in the automotive industry owing to the high density, excellent oxidation resistance, chemical inertness, high strength, and high thermal shock resistance. Carborundum is used in numerous automobile applications including bearing & wear parts, brake pads, abrasives, and diesel particulate filters, among others. Flourishing automotive industry in the developing countries is fueling the product demand. Additionally, growing demand for electric vehicles due to less carbon emission is likely to drive the market growth at a significant rate in the coming years.
Furthermore, increasing application of carborundum in aerospace & defense, foundry, steel, foundry, and energy industries, among others is expected to drive the market growth during the review period.
Key Players
Some of the key players in the global carborundum market are Saint Gobain Ceramics Materials GmbH (France), ESD-SIC BV (Netherlands), KYOCERA Corporation (Japan), Gaddis Mechanical Seals (US), AGSCO Corp (US), Norstel AB (Sweden), Carborundum Universal Ltd (India), Imerys Graphite & Carbon (Switzerland), ESK-SIC GmbH (Germany), Snam Abrasives Pvt. Ltd (India), Entegris Inc. (US), and Xiamen Powerway Advanced Material Company Limited (China).
Global Carborundum Market Share, by Application (%) 
Source: MRFR Analysis
Regional Analysis
The market in Asia-Pacific accounted for the largest share of global carborundum market owing to the growing iron & steel industry in the developing economies such as India, China, and Japan coupled with expanding industrial base in the region.
Furthermore, growing electronics and semiconductors industry due to the increasing use of electronic devices is driving the product demand. Increasing automobile production and increasing aerospace & defense industry with increased spending on defense equipment by the government are other vital factors propelling the market growth in the region. The product consumption is increasing in the energy sector owing to the rising demand for renewable energy to reduce pollution. For instance, the Ministry of New and Renewable Energy of India is set to provide custom and excise duty benefits to the solar rooftop sector.
The market in North America is expected to register significant growth during the review period owing to the growing steel production in the region. Rising demand for steel from the major end-use industries such as automotive, construction, electronics, and aerospace & defense, among others is augmenting the market growth. Furthermore, the presence of established aerospace & defense industry and rising demand for the semiconductors and electronic devices in telecommunications, automobiles, and pharmaceuticals are propelling the market growth.
Europe is another prominent market owing to increasing demand for carborundum in the automotive industry with increased production of electric vehicles to reduce carbon emissions. Expanding electrical & electronics and aerospace & defense industries are projected to propel the market growth in the region.
The markets in Latin America and the Middle East & Africa are expected to grow at a moderate rate during the review period owing to increasing automotive, construction, and electronics industries.
Segmentation
The global carborundum market has been segmented by type, application, and region.
Based on type, the carborundum market has been segregated into black SiC, green SiC, metallurgical SiC, coated SiC, micro grit SiC, and refractory SiC.
Based on the application, the global carborundum market has been classified as steel & energy, electronics & semiconductors, automotive, aerospace & defense, medical, fabrication, and others.
Geographically, the market has been divided into five key regions, including Asia-Pacific, North America, Europe, Latin America, and Middle East & Africa.Recent Development
December 2021- a wholly-owned subsidiary of Carborundum Universal Limited (CUMI) CUMI International Limited, Cyprus (CIL), has signed an agreement for the acquisition of 100% of an existing company in Germany that will be a step-down subsidiary of CUMI for the matter of 28,600 Euros. The present name of the firm is Altstadtsee 492. V V GmbH and CIL have proposed it to be transformed to M/s. CUMI Gmbh after the acquisition. The company was incorporated on October 20, 2021, and has yet to start.
August 10, 2021- The Murugappa Group has disclosed to make a fresh investment of over ₹200 crore in Kerala that includes funds to expand its present facilities in the state. Accosting to the Chennai-based industrial group, details of the funding will be worked out soon.
October 2021- Carborundum Universal Ltd acquired equity shares in PLUSS Advanced Technologies Private Limited (PLUSS) on October 6, 2021, totaling 71.99% of the paid-up equity capital. PLUSS, along with its wholly owned subsidiary in the Netherlands, after the acquisition comes into effect, will be the subsidiaries of CUMI.
Intended Audience
- Carborundum manufacturers
- Traders and distributors of carborundum
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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