AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Silicon Hexaboride market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Silicon Hexaboride market to grow at a CAGR of %.
The End users, such as Electrical & electronics, is boosting the Silicon Hexaboride market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Silicon Hexaboride market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Rising Demand of Silicon Hexaboride due to its Superior hardness, Low weight, durability, Design flexibility, and High Resistance Nature.
Silicon borides are also known as boron silicides, which are lightweight ceramic compounds. It is formed between silicon and boron. Based on the research, triboride is a silicon-rich version of the tetraboride. Hence, the stoichiometry of either compound could be expressed as SiB4 - x, x is either 0 or 1. Further, the growth in the market has resulted from both traditional applications, such as engine parts, as well as new applications like bioceramics, which are used in body implants.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Silicon Hexaboride market , by Application (Transistors, Solar cells, Rectifiers, Solid-state Devices and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market