Carborundum, also known as silicon carbide (SiC) consists of carbon and silicon. It occurs naturally as a rare mineral moissanite and is one of the hardest materials, measuring 9 on Mohs scale of hardness – close to that of a diamond. Increasing adoption of carborundum in various industries such as steel, energy, electronics and semiconductors, automotive, medical and healthcare, etc., owing to its physical and chemical properties is expected to fuel growth of the global carborundum market.
Major factors driving the growth of the market is the wide usage of carborundum as abrasives, sandpaper, grinding and cutting tools, temperature bricks, wear-resistant parts for pumps and rocket engines, and jewelry. Carborundum is also used in semiconductor and electronics industry, automotive industries, medical and healthcare, etc. are other factors driving the growth of the market. Major restraining factor is the high cost of the mineral which is expected to hamper growth of the market. Also, production of silicon carbide results in hazardous SiC dust and SiC fibers which are other factors hampering the growth of the target market. Increasing government investments for solar power projects is expected to fuel growth of the global market significantly. Demand of silicon carbide based photovoltaic cells in developing and emerging economies, is a major ongoing trend in the global market.
The global carborundum market report has been segmented on the basis of type, end user, and region. On the basis of type, the market is segmented into black SiC, green SiC, and others such as coated, metallurgical briquettes, micro grit, etc. Black SiC is expected to register significant growth over the forecast period, owing to increasing adoption in ceramic, refractory, and steel industries. On the basis of end user, the market is segmented into electronics & semiconductors, steel & energy, aerospace & aviation, automotive, others such as medical and healthcare, military & defense, IT and telecommunication.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, the market in Asia Pacific accounts for highest share in carborundum and is expected to maintain its dominance in coming years, owing to increasing adoption of carborundum in steel an energy, electronics and semiconductors industries in countries in the region. The market in North America and Europe is expected to a significant growth over the forecast period, increasing growth in medical and healthcare and defense industry. Latin America, and Middle East & Africa are expected to register stable growth over the forecast period.
Some major players in the market include Carborundum Universal Limited, ENTEGRIS, INC., Gaddis, Inc., Norstel AB, AGSCO Corp, Dow Corning Corporation, Henan Yicheng New Energy Co., Ltd., Kyocera Corporation, Hongwu International Group Ltd, Saint-Gobain Corporation.