Eliana Grace

The global Silicon Carbide Market Share market size was valued at USD 2.96 billion in 2021 and is anticipatedto accelerate at a compound annual growth rate (CAGR) of 11.7% from 2022 to2030. Silicon carbide is used as a raw material for refractory on account ofits high-temperature resistance. The refractory products are widely used in thelinings of kilns, furnaces, and reactors in various industries, such as castiron, steel, aluminum, and metal. The production growth in the aforementionedferrous and non-ferrous industries is expected to drive the market forrefractory materials.

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