Sic Coated Graphite Market is Poised to Amplify at a CAGR of 7.51% Over 2022 to 2030

SiC coating graphite is predominantly referred to as a type of graphite that is shelled with a water resilient and dense carbide coating. The SiC layers are applied to graphite components in thin layers using the process of chemical vapor deposition. These components are predominantly used in the semiconductor industry for the production of LED chips.

The global SiC coated graphite market is anticipated to register a CAGR of 7.51% over the forecast duration of 2022-2030.

Key growth determinants and restraints of this market place
The booming semiconductor industry, rising sales of consumer electronics, and increasing disposable income levels of the masses are the major factors augmenting the outlook of this business sphere. Alongside, rising R&D activities in the field is creating lucrative opportunities for the market to prosper.

Furthermore, the beneficial properties of SiC coated graphite such as high temperature resistance along with affordability is positively swaying the dynamics of this industry vertical. Besides, widespread industrialization and growing adoption of these components in the healthcare sector are adding momentum to the market progression.

Also, the rising usage of these coated graphite components in heaters and heat spreaders coupled with rapid technological advancements in the field are creating an upward trend for the industry growth.

Moreover, growing focus of market players to develop and launch innovative products in the field is stimulating the overall industry dynamics.
On the contrary, the outbreak of the COVID-19 pandemic had a negative impact on the progression of global SIC coated graphite industry. The pandemic induced restrictive containment measures disrupted the overall supply chain and also brought all the manufacturing activities to a halt which in turn hindered the remuneration scope of this business vertical.

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Segmental assessment of the market
Based on type, the marketplace is bifurcated into low resistivity and high resistivity. The high resistivity segment is poised to amass notable gains over the forecast period owing to their wide array of beneficial features.

In terms of application, the industry vertical is fragmented into MOCVD susceptors, heaters, heat spreaders, single crystal silicon, and susceptor for silicon expitaxial growth. The heaters market is anticipated to generate significant returns over the stipulated timeline ascribing to the rising usage of heaters in residential, commercial, and industrial complexes.

Expounding the geographical ambit and competitive hierarchy of the industry
The primary regions constituting the geographical terrain of this business vertical are North America, Middle East & Africa, Europe, Latin America, and Asia Pacific. Among these, North America is projected to capture a substantial revenue share over 2022-2030. This is attributable to the widespread industrialization, rapidly evolving semiconductor industry, along with the increasing sales of consumer electronics.

The prominent players characterizing the competitive gamut of global SiC coated graphite market are Toyo Tangso, CoorsTek, Sgl Carbon, Bay Carbon, and Tokai Carbon.

The aforementioned players are adopting effective business centric strategies including mergers & acquisitions, new product launches, partnerships, and R&D investments to enhance their product offerenings and emerge as global leaders.

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Primary takeaways from the report
• The global SiC coated graphite market is anticipated to expand with a CAGR of 7.51%
• The booming semiconductor industry, technological advancements, and rapid industrizaliation are the major growth determinants of global SiC coated graphite market.
• North America is the fastest growing region in the global SiC coated graphite market attributing to the booming semiconductor sector and increasing sales of consumer electronics.
• The prominent companies profiled in the global SiC coated graphite market report are Toyo Tangso, CoorsTek, Sgl Carbon, Bay Carbon, and Tokai Carbon.

Major questions answered in the report
• What is the growth rate projection of global SiC coated graphite market?
• What are the major growth propellants of global SiC coated graphite market?
• Which is the fastest growing region in the SiC coated graphite market?
• Which are the key players operating in the SiC graphite market?

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This release was published on openPR.