Green SiC Market Expected to Reach $2.8 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Green SiC Market," The green sic market was valued at $0.9 billion in 2021, and is estimated to reach $2.8 billion by 2031, growing at a CAGR of 12.3% from 2022 to 2031.

Green silicon carbide is an extremely hard, manmade mineral that possesses high thermal conductivity and high strength at elevated temperatures (at 1000°C, SiC is 7.5 times stronger than Al2O3). green SiC has an elastic modulus of 410 GPa, is unaffected by temperatures up to 1600°C, and dissociates at 2600°C rather than melting at normal pressures. The green silicon carbide is used for many applications like honing stones, blasting, and compounds, ideal for use in vitrified & resinoid grinding wheels, lapping, polishing, and many others. In addition, green silicon carbide is ideal for many applications, including wear-resistant nozzles, seals and rings, coatings, heating elements, metal-matrix composites, kiln furniture, and body & vehicle armor.

Green SiC is harder than black SiC. green SiC is often the media of choice when it comes to wire sawing. The micronization process of manufacturing green SiC is controlled by a computer. Then the material is water separated. This produces a very tight particle size distribution, as well as a reduction in fines, as preferred for accurate wire sawing applications.

Grinding is a metal-cutting operation, which is performed by means of a rotating wheel. The tool used for this process is the grinding wheel. Grinding wheels cut metals with different sizes, shapes, and efficiency and are also used to remove rough surfaces and improve the surface finish of the workplace. The most typical piece of machinery in the manufacturing sector is a grinding wheel. Grinding wheels are perfect for a variety of materials and can grind tools very hard (steel and other metals). Grinding wheels offer a productive technique for manufacturers to polish and shape metals and other materials. Today, grinding wheels can be found in almost every production facility where they are used for a variety of tasks, including cutting steel and masonry blocks, sharpening knives, drill bits, and other equipment, and cleaning and preparing surfaces for plating or painting.

The need for machine tools in the manufacturing, industrial, and automotive industries has had an impact on their production. Rapid industrialization is the cause of the expansion of numerous sectors in rising economies. Construction sites, tool stores, medical manufacturing facilities, and car shops frequently have grinding wheels on hand as necessary work gear. Market demand for grinding wheels has skyrocketed as a result of growing industrialization. As the largest users of grinding wheels, various industries including aerospace, steel manufacturing, and fabrication plants, and the oil and gas industry are anticipated to drive up demand for grinding wheels during the forecast period, driving up demand for green silicon carbide. The major driver of the global grinding wheels is the flourishing aerospace and automobile industry. Abrasive grinding wheels produce a higher polish and are simpler to use, they are widely employed in the automotive industry to manufacture all main parts, including crankshafts, cylinder blocks, transmission cases, connecting rods, gearboxes, and brakes. These factors are further expected to boost the demand for green silicon carbide.

Research and development activities along with technological advancements have increased over the last few years to make the bonding process more efficient. Advances in abrasive grinding materials/processes make it a cost-effective alternative to traditional machining processes in manufacturing sectors. With design upgrades as per specific application requirements, manufacturers are investing heavily in the grinding wheels market.

The constant demand from the oil and gas industries is notably driving the grinding wheels. The construction and repair of upstream, and downstream components in the production of oil and gas are just a few examples of the many uses for grinding wheels in the oil and gas industry. Upstream operations have begun to pick up steam as crude oil prices have started to rebound. These factors boost the demand for green silicon carbide for grinding applications.

The major challenge hindering the demand for grinding wheels is the operational challenge associated with grinding wheels. Abrasive grinding produces heat when removing metal from a surface to provide a clean finish, which highlights the need of researching its impacts. The influence of heat on the grinding wheel results in the development of grinding cracks. The accumulation of these grinding cracks necessitates the replacement of grinding wheels, which raises the cost of operation and the space component. High temperatures reached during the grinding process can trigger specific reactions that can affect the workpiece. Examples include surface discoloration brought on by the creation of oxide and severe chemical damage. Such operational challenges are hindering the demand for grinding wheels, thus, restricting the growth of the green silicon carbide market.

The green SiC market is segmented on the basis of application, end-use industry, and region. On the basis of application, the market is categorized into grinding, abrasion, lapping, and polishing. and others. On the basis of the end-use industry, the market is categorized into automotive, glass & ceramics, mechanical, electronics, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major players operating in the global green SiC market are Washington mills, Futong Industry Co. Limited, General Abrasive Srl, Shin-Etsu Chemical Co., Ltd, CHOKO CO., LTD., Fiven ASA, Zibo Jinjiyuan Abrasives Co. Ltd, Snam Abrasives Pvt. Ltd., Henan Qingjiang Industrial Co., Ltd., and U.S. Electrofused Minerals, Inc. Other players operating in the green SiC market are AGSCO Corp., Carborundum Universal Ltd., Gaddis Engineered Materials, Grindwell Norton Ltd., and SK Siltron Co., Ltd.

Key findings of the study

• Depending on the application, the grinding segment is expected to grow at a CAGR of 12.9%, in terms of revenue, during the forecast period.
• Depending on the end-use industry, the automotive industry is expected to grow at a CAGR of 13.0%, in terms of revenue, during the forecast period.
• Region-wise, Asia-Pacific garnered a share of 55.1% in 2021 in terms of revenue and is projected to grow at a CAGR of 12.7%.