A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Aluminum
Carbide
market. The study, titled “Aluminum
Carbide Market - Global Industry Analysis, Size, Share, Trends and
Forecast 2015 - 2023”,
is available for sale on the firm’s website.
Carbides
are primarily binary compounds having carbon and any other element
with lesser electro negativity. Carbides are classified in various
types based on the type of chemical bonding. Aluminum carbide is
classified under saline carbides with a sub-group of methanides.
Aluminum carbides release methane on decomposition with water.
Aluminum
carbide is majorly used in abrasives or in other cutting
tools owing to their high strength. The steady growth in abrasives
market is expected to boost the market for aluminum carbide. The
increased demand for abrasives from various end-use industries such
as machinery, electronics, metal fabrication and various others,
across Europe and other Asia Pacific countries is expected to boost
the market for aluminum carbide in the next few years.
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FREE Sample pages of premium Research Report :
In
addition to the major use of aluminum carbide as abrasives, aluminum
carbide is also used to reduce the tendency of creeping of aluminum.
The present market for aluminum carbide is largely dominated by Asia
Pacific region followed by Europe and North America. The regional
trend of dominance is expected to continue owing to increasing demand
for abrasives from numerous end-use industries in Asia Pacific
region.
Aluminum
carbide is manufactured by direct reaction of carbon and aluminum in
electric arc furnace. This manufacturing method is most suitable as
it does not lead to generation of unwanted by-products which require
further separation. Aluminum carbide is majorly used in abrasives
along with silicon carbide. The abrasives are used in various
applications including polishing, cutting, drilling, grinding,
buffing, honing and lapping. These applications are used by several
end user industries especially concerned with mechanical applications
such as metal fabrication, electrical equipments, transportation,
machinery and other industries. The growth of these industries is
anticipated to drive the market of aluminum carbide in the next six
years. However, as aluminum carbide is brittle than silicon carbide,
it is less favored by abrasives manufacturers over other abrasives
materials. In addition to abrasives, aluminum carbide is also used in
reducing the creeping tendency of aluminum. The metals have a
tendency to creep or deform due to prolong exposure to stress due to
mechanical functioning. This result in reduced strength of structure
associated with that metal. Aluminum carbide is added to aluminum
matrix to lower the tendency of aluminum from creeping, thus reducing
the probability of failure of aluminum on prolong exposure to stress.
Considering
the potential of aluminum carbide in abrasives market, the developing
nations across Asia Pacific are anticipated to be the fastest growing
markets for aluminum carbide in the next six years. The fabrication,
transportation industries in these countries is growing at a
stupendous rate which is eventually resulting in an increase in the
overall customer base for abrasives and indirectly for aluminum
carbide. Moreover, due to the rapid industrial development especially
in electrical and electronics industries of these countries has led
to further magnification of the total customer base in these
countries. Furthermore, steady economic growth since the last few
years in the Africa, South America and the Middle East regions is
adding to the total demand for aluminum carbide market.
Browse
the full Research report at:
In
addition to this, the developed regions across the U.S. and European
countries are progressively recovering from the sluggish economic
conditions. Considering this outlook, the industrial applications of
aluminum carbide are expected to record a magnificent growth in the
next few years. Additionally, there is an incredible market potential
for the abrasives from several allied industries which are likely to
drive the aluminum carbide market in the coming future.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
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and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
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Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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