Silicon carbide is a key component of semiconductor devices and growth within the electronics and semiconductor market is also a driving factor governing SiC market growth. The report presents supply and demand characteristics of silicon carbide and applications by providing a detailed forecast from 2013 to 2019 along with revenues and volumes analysis. It also provides opportunities for the silicon carbide market for the near future along with the latest trends and driving and restraining factors influencing the market.

Silicon carbide is also used as a structural material in composite armor, as ceramic plates in bullet-proof vests and in Dragon Skin, an armor device that uses silicon carbide disks as an integral part of its design. Due to the voltage-dependant resistance offered by SiC, the material has been used in lightening arresters and provides safe transfer of high voltages of electricity from lightening as it strikes the earth.

Black silicon carbide is majorly used in steel manufacturing to increase outputs of steel and recycled steel. Coated SiC, refractory SiC, metallurgical and metallurgical briquettes and SiC micro grit account for a smaller part of the market share and are used in some high-performance applications. Although black and green SiC dominate the SiC product segments, they are expected to show favorable growth in the forecast period.