Global Silicon Carbide Market is Expected to Reach USD 3.82 Billion by 2018: Transparency Market Research

Chemical_material copyTransparency Market Research has released a new market report titled “Silicon Carbide (Black SiC, Green SiC) Market for Automotive, Aerospace, Military, Electronics, Healthcare, Steel and Energy Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013  2019″. According to the report, silicon carbide demand was over USD 1.45 billion in 2012 and is expected to reach USD 3.82 billion by 2019, growing at a CAGR of 15.3% from 2013 to 2019. In terms of volume, silicon carbide consumption is expected to reach 2,377.1 kilo tons in 2019, growing at a CAGR of 14.5% from 2013 to 2019.

Browse the full report: http://www.transparencymarketresearch.com/silicon-carbide-market.html

Growing demand in the steel manufacturing and steel recycling industries and the dependence of electronics & semiconductors on silicon carbide are factors that are expected to drive SiC demand over the next five years. High level of precision involved in the manufacture of components and low tolerance specifications in their applications are expected to be key challenges for market participants in the coming years.

Black and green SiC were the dominant product segments, and accounted for over 90% of the overall market share in 2012. Black SiC is expected to continue holding its market position in the near future and is expected to grow at a CAGR of 15.4% between 2013 and 2019. Green SiC consumption is expected to reach 656.1 kilo tons by 2019. Coated, refractory and metallurgical SiC along with metallurgical briquettes and SiC micro grit accounted for a smaller part of the market with applications in high-performance applications.

Browse full PDF with TOC: Silicon Carbide Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

Silicon carbide is primarily used in steel & energy, automotives, aerospace & aviation, military & defense, electronics & semiconductors and medical & healthcare end-user segments. Steel & energy showed the highest demand for silicon carbide in 2012 and accounted for more than 28% of the market. Electronics & semiconductors and automotives were the other major segments for the material and are also expected to show strong demand in the near future. Medical & healthcare is expected to show the most demand for silicon carbide during the forecast period and is expected to grow at a CAGR of 15.6% between 2013 and 2019.

Asia Pacific was the largest market for silicon carbide in 2012 and accounted for more than 50% of the global demand. Steel & energy, electronics & semiconductors and automotives were the major markets driving sales for silicon carbide in Asia Pacific, making it the largest market in terms of volume. Asia Pacific and RoW are expected to be strong future markets for silicon carbide owing to growing industrialization and infrastructure. SiC demand in North America and Europe is expected to reach 249.6 kilo tons and 375.6 kilo tons by 2019 respectively. ESK-SIC Gmbh, The Dow Chemical Company, Grindwell Norton Ltd. AGSCO Corporation, Entegris Inc., Norstel AB and Gaddis Engineered Materials along with others were key market participants in the SiC industry.

Silicon Carbide Market: End-user Analysis

  • Steel & energy
  • Automotives
  • Aerospace & aviation
  • Military & defense
  • Electronics & semiconductors
  • Medical & healthcare
  • Others (Chemicals, fabrication etc.)

Silicon Carbide Market: Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Construction Equipment Market Will Reach USD 192.3 Billion Globally by 2017: Transparency Market Research

tmrlogoAccording to a new market report published by Transparency Market Research “Construction Equipment Market – Global and China Forecast, Market Share, Size, Growth and Industry Analysis, 2011 – 2017,” the global construction equipment market is expected to reach USD 192.3 billion by 2017 from USD 143.6billion in 2012, growing at a CAGR of 6.0% from 2012 to 2017.The earth-moving equipment segment is in a commanding position contributing about 43% to the total construction equipment market revenue in 2012. China accounted for majority of the global construction equipment consumption, with Europe at a distant second.

Browse for Full Report at: http://www.transparencymarketresearch.com/construction-equipment-market.html

The construction equipment market is driven by factors such as growth in construction activities, emergence of lease-based equipment, and increasing government investment in infrastructure development especially in developing nations. in addition demand by companies in infrastructure and real estate is also supporting the growth of the construction equipment market.

Despite the encouragement by governments across the globe, there are certain factors inhibiting the growth of the construction equipment market such as uncertain economic conditions, and strict emission regulations. The increasing price of raw materials such as steel is also a major challenge for the construction equipment market.

The earth-moving equipment segment holds majority market share of the total construction equipment market and is estimated to be worth USD 61.7billion in 2012. Material handling equipment is the fastest growing segment and is expected to grow at a CAGR of 6.6% from 2012 to 2017. The construction vehicles segment is expected to exhibit healthy growth during the forecast period (2012 – 2017) and will attain a market size of USD 22.9 billion in 2017.

Browse full PDF with TOC: Construction Equipment Market – Global and China Forecast, Market Share, Size, Growth and Industry Analysis, 2011 – 2017

Asia is considered the most promising market for construction equipment worldwide due to relatively good performance of construction and mining industries, in countries like India and China.

Europe holds the second largest share of the construction equipment market. China is the major contributor to the global construction equipment market and accounts for about 41.2% of the overall global sales of construction equipment. The construction equipment market in China in 2012 is estimated at USD 59.2 billion and is expected to reach USD 95.6 billion in 2017 at CAGR of 10.1% from 2012 to 2017. In addition, China also holds about 17% market share of the global agriculture equipment industry.

Some of the key players dominating the construction equipment market are Caterpillar (U.S.), Komatsu (Japan), Volvo (Sweden), Hitachi (Japan), Liebherr (Switzerland), Sany (China) , Zoomlion (China), Terex (U.S.), Doosan (South Korea) and John Deere (U.S.). Caterpillar is the leading player in the global construction equipment industry. Some of the Chinese construction equipment market players dominating the global market are: Sany, Zoomlion, XCMG, Guangxi Liugong, Lonking and others.

This report titled “Construction Equipment Market – Global and China Forecast, Market Share, Size, Growth and Industry Analysis, 2011 – 2017,” provides in depth analysis, market size estimates, market shares and forecast for the period 2011- 2017 for the construction equipment market across the globe. The report analyzes four regional markets, namely China, the U.S. Europe and Asia for construction equipment based on product types.

The study provides complete evaluation of the shareholders approach, winning imperatives essential for them by segmenting the construction equipment industry as below:

Construction Equipment Market by Type

Earth Moving Equipment

  • Excavators
  • Loaders
  • Others (graders, roller and such others)

Material Handling Equipment

  • Crawler Cranes
  • Trailer Mounted Cranes
  • Truck Mounted Cranes
  • Others

Concrete and Road Construction Equipment

  • Concrete Mixer & Pavers
  • All types of Pumps
  • Others

Construction Vehicles

Parts and Attachment for Construction Equipment

  • Agriculture Equipment Market by Type
  • Tractors
  • Harvesting Equipment
  • Plowing and Cultivating Equipment
  • Planting and Fertilizing
  • Other Agricultural Equipment

Construction Equipment Market by Geography

  • U.S.
  • Europe
  • Asia
  • China
  • RoW