The Silicon Carbide (SiC) Market is set to increase by 2.57 million tons at a CAGR of 12.33% between 2022 and 2027, according to Technavio. This growth is fueled by rising demand in power electronics, expanding use of SiC fibers in the aerospace industry, and the rapid growth of electric vehicles (EVs). SiC, which contains equal parts of silicon and carbon, is found in nature as moissanite but is more commonly produced synthetically. Across various industries, SiC has become essential due to its ability to improve energy efficiency and provide advanced material solutions. In iron and steel manufacturing, SiC is used in oxygen furnaces, electric arc furnaces, and kilns. Both black SiC and green SiC are crucial for different applications in steelmaking and refractory materials, available in forms such as block, grain, wafer, and powder.

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