According to IMARC Group’s latest report, titled “Silicon Carbide Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2021-2026”, the global silicon carbide market reached a value of US$ 760 Million in 2020. Looking forward, IMARC Group expects the market is expected to grow at a CAGR of 16.5% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be i