Global Silicon Carbide Ceramics Market By Application Forecast (2018-2026)
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Year ELECTRONICS & ELECTRICAL AUTOMOTIVE MACHINER MANUFCTURING (CUTTING TOOLS & WEAR PARTS) METTALURGIC AEROSPACE & DEFENCE METAL MINNING INDUSTRIAL OTHERS
2018 $ 1576.5 $ 1257.4 $ 939.3 $ 719.0 $ 459.0 $ 301.1 $ 169.9 $ 95.9
2019 $ 1664.1 $ 1348.2 $ 1002.2 $ 764.1 $ 486.0 $ 316.1 $ 177.3 $ 101.2
2020 $ 1618.2 $ 1331.8 $ 985.2 $ 748.1 $ 474.1 $ 305.8 $ 170.5 $ 98.2
2021 $ 1662.1 $ 1389.6 $ 1022.9 $ 773.6 $ 488.5 $ 312.4 $ 173.2 $ 100.2
2022 $ 1752.5 $ 1488.4 $ 1090.3 $ 821.3 $ 516.8 $ 327.7 $ 180.6 $ 104.7
2023 $ 1851.1 $ 1597.0 $ 1164.1 $ 873.3 $ 547.5 $ 344.3 $ 188.6 $ 109.2
2024 $ 1959.6 $ 1717.4 $ 1245.7 $ 930.8 $ 581.5 $ 362.6 $ 197.5 $ 113.7
2025 $ 2079.6 $ 1851.5 $ 1336.3 $ 994.5 $ 619.0 $ 382.7 $ 207.2 $ 118.2
2026 $ 2215.4 $ 2003.7 $ 1439.1 $ 1066.7 $ 661.6 $ 405.6 $ 218.3 $ 122.9
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Global Silicon Carbide Ceramics Market By Application Forecast (2018-2026)

Synopsis
The above chart is Global Silicon Carbide Ceramics market [2018-2026] by Application

Market Dynamics

Electronics and electrical segment accounted for the largest market share in the silicon carbide ceramics market, and is expected to reach usd 2215.40 million in 2026 from usd 1664.10 million in 2019. however, automotive segment is the fastest growing market, which is expected to grow at a cagr of 7.04% during the forecast period 2020 - 2026.

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