Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Transformational developments in the abrasive materials, manufacturing processes, and industrial applications are driving the carborundum market. It is imperative that industry players comprehend these developments in order to maintain their competitiveness and take advantage of new possibilities. An examination of the major market trends in the carborundum industry is provided below:
Growing Need for Superior Abrasives:
One noteworthy trend is the increasing need for premium abrasives, which is being pushed by businesses where material shaping, grinding, and cutting require accuracy. Carborundum's remarkable durability and hardness.
Transition to Sustainable Practices: One significant trend impacting the carborundum market is sustainability. Businesses are putting more and more effort into implementing sustainable manufacturing practices, such as cutting energy use and using eco-friendly production techniques, in line with international initiatives for environmentally responsible industrial solutions.
Increasing Application in Electronics Manufacturing: The market is seeing an increase in applications in the industry that produces electronics. Due to its special electrical qualities and ability to withstand high temperatures, carborundum is a vital material used in the manufacturing of semiconductors, which helps the electronics industry meet its increasing demand.
Innovation in Ceramics and Refractories: Applications for ceramics and refractories are showing a tendency toward innovation. Because of its exceptional heat conductivity, carborundum is essential to the advancement of modern ceramics and refractory materials.
Developments in Additive Manufacturing: The carborundum market is being impacted by the use of additive manufacturing, sometimes referred to as 3D printing. Because carborundum is a good fit for additive manufacturing, it can be used to create complex and personalized designs, which advances the technical state of the market.
The increasing use of silicon carbide (SiC):
A combination of silicon and carbon known as silicon carbide (SiC), or carborundum, is becoming more and more well-liked across a range of sectors. Because of its superior heat conductivity, high strength, and resistance to corrosion, silicon carbide (SiC) is a material of choice for use in power electronics, automotive, and aerospace applications.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | The product use is increasing in the automotive industry owing to the high density, excellent oxidation resistance, chemical inertness, etc. |
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
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
