Positive outlook for steel manufacturing, for which silicon carbide (SiC) is used as a deoxidizer, is expected to drive the SiC demand. Moreover, SiC is a key element in the production of semiconductors. This is expected to witness a huge growth in the near future. Growing automobile industry, particularly in Asia-Pacific, is also projected to drive the global SiC demand. Energy and steel were the biggest end-use application sectors, accounting for over 303 kilotons of the overall demand in 2013. Growing energy & steel demands in emerging markets of China & India, driven by infrastructural developments, is said to be a major cause for SiC demand growth in the near future. Due to its superior properties, SiC is also widely used in semiconductors & electronics applications. It accounted for 254 kilotons of the total demand in 2013.
http://www.grandviewresearch.com/industry-analysis/silicon-carbide-market
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