APAC Carborundum Market Size to Witness Billion-Dollar Business During 2019-2025
Category: #business  By Ashwin Naphade  Date: 2019-08-14
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APAC Carborundum Market Size to Witness Billion-Dollar Business During 2019-2025

Asia Pacific is anticipated to witness a tremendous growth in carborundum market which can be attributed to its rapid industrialization and urbanization. It is extensively used as an abrasive material in producing drill tips, blades and abrasive surfaces, in turn, reinforcing the SiC industry. Emerging economies including India and China has witnessed intensification in energy and steel sector which will enlarge the product demand. MEA region holds a strong carborundum market with increasing infrastructural and energy & steel activities in the region.

Growing steel, energy, aviation and automobile industry will drive carborundum market. Soaring steel processing and manufacturing industries demand will further support the industry growth. SiC semiconductors have started replacing pure silicon technology semiconductors, in turn, having a positive impact on the industry size.

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Surging power and steel industry sector in several regions globally are likely to fuel the industry growth. Low level of tolerances in its applications and high precision required in manufacturing components may act as a restraint in the global market. Moreover, expensive manufacturing cost involved in producing SiC and development of gallium nitride may limit the future evolution of carborundum market.

Carborundum market is available in several types including green, black, coated, metallurgical, refractory and micro grit SiC. Among these types, black and green SiC leads carborundum market. Black SiC is likely to grow significantly owing to increasing abrasive wheels & refractory, ceramics and steel industry.

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Global carborundum market is competitive in nature owing to the presence of various market leaders. Prominent industry participants present worldwide includes CUMI Murugappa, Norstel AB, Snam Abrasives, Saint-Gobain Ceramics Materials and Gaddis engineered Materials. Several other industry players are ESk-SIC, ESD-SIC, Timcal, Entergis, Grindwell Norton and AGSCO.

 

Methodology used in the Report –

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:

  • Leadership figures such as CEOs, CSOs, VPs etc. in key companies
  • Supply-chain participants, distributors and domain experts
  • Key customers and B2B clients

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, Application, renewable energy and bio Application.

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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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