Global Carbide Minerals Market - Industry Analysis, Market Growth and Forecast 2014 – 2020

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.

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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,...