Silicon Carbide Ceramics Market Sales, Supply, Future, Opportunity and Forecast to 2030
Market Outlook The global silicon carbide ceramics market size can inflate at a 6% CAGR from 2022 to 2030 (forecast period), according to Market Research Future (MRFR). It stood at USD 5400 million in 2018. Production of durable parts in the automotive sector combined with semiconductors or microprocessors in consumer electronics can induce end-users towards the semiconductor. Areas of energy, jewelry, and sporting goods are expected to provide massive avenues of growth. This can be attributed to markets of Russia, Saudi Arabia, Hong Kong, and India to be proving to be lucrative for the market till 2030. Development of new metals using SiC as the primary component have given the market its much needed impetus. The aerospace sector, in particular, has developed a blend of SiC and magnesium for creating lightweight components in cars, airplanes, and spacecraft. For instance, researchers at University of California Los Angeles (UCLA) 2022 injected magnesium nanoparticles into silicon ca