Silicon Carbide Market Analysis- Size, Share, Growth, Trends and Segment Forecasts To 2020: Grand View Research

The global market for silicon carbide is expected to reach USD 4.49 billion by 2020, according to a new study by Grand View Research, Inc. Positive outlook on steel manufacturing, for which SiC is used as a deoxidizing agent is expected to drive silicon carbide demand. In addition, silicon carbide is an essential element in the manufacturing of semiconductors which is expected to witness significant growth over the next six years. Revitalizing automobile industry, especially in Asia Pacific, is also expected boost the demand for silicon carbide.
http://www.grandviewresearch.com/industry-analysis/silicon-carbide-market