Carbide minerals typically comprise types of minerals such as cohenite, haxonite, moissanite and tongbaite. Out of all these types, moissanite is the most important and widely used carbide mineral across the globe. Silicon carbide, which occurs in nature as rarest of rare mineral moissanite, is used in a diverse range of applications such as abrasives and cutting tools, automobile parts, structural materials, electric systems, power electronic devices, LEDs, astronomy, heating elements, thin filament pyrometry, jewelry, nuclear fuel cladding, nuclear fuel particles, catalyst support, steel production, carborundum printmaking and grapheme production. The growing demand from all these minerals is expected to drive the global carbide minerals market in the years to come. 
 
Moissanite is amongst the hardest substances present on earth with hardness just below that of diamond and at par with those of boron and cubic boron nitride. Owing to such a high hardness, moissanite mineral is broadly used in the production of abrasive products, cutting tools and durable automotive parts and components. Moreover, moissanite possesses semiconductor properties, due to which, it is widely used in the production of a diverse range of electronic circuit elements such as light-emitting diodes and others. Furthermore, moissanite is growingly used in the jewelry industry as a gemstone and is a potential substitute for diamond. The growing demand for moissanite mineral from end-user industries such as abrasives, cutting tools, automotive, electronics and jewelry is predicted to drive the global carbide minerals market in the years to come.
 
Asia Pacific is anticipated to be the fastest growing market for carbide minerals in the coming few years, owing to the growing demand from developing countries such as China, India and South East Asian countries such as Thailand, Indonesia, Vietnam and Malaysia. Additionally, the nations in the geographies such as Africa, South America and the Middle East are showing robust economic growth since the last few years. These countries mainly include South Africa, Argentina, Brazil, Jordan, Saudi Arabia, Egypt and Israel. In addition, the U.S. and the European economies are gradually recovering from the economic downturn. All such industrial, economic, and demographic factors are ultimately creating a positive outlook for the global economy. Considering this positive outlook, the industries such as manufacturing, automotive, electronics and jewelry are anticipated to record a tremendous growth in the next six years. There is an astonishing market potential for the automobiles and consumer electronics industry in the countries such as India, China, Indonesia, Thailand and Brazil among others. 
 
The major companies operating in the automotive and electronic markets are largely focusing on these developing countries for tapping the enormous market potential of these developing nations. The major manufacturers of automobiles and electronic products are setting giant manufacturing plants in these emergent countries. Due to this, the demand for carbide minerals in different end-user industries is projected to grow at a noteworthy rate in the next few years. Therefore, the global carbide minerals market is expected to witness a significant growth in the years to come.
 
Some of the major companies operating in the global carbide minerals market are AGSCO Corporation, Entegris Inc., The Dow Chemical Company, Carborundum Universal Ltd., ESK-SIC GmbH, ESD-SIC b.v., Saint-Gobain Ceramics Materials GmbH, Gaddis Engineered Materials, Norstel AB, Grindwell Norton Ltd., Snam Abrasives Pvt. Ltd., Timcal Ltd. and Xiamen Powerway Advanced Material Company Limited among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Carbide Minerals Market

Pre Book