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SAN FRANCISCO, Jan. 12, 2021 /PRNewswire/ The global ultra high purity silicon carbide market size is expected
to reach USD 79.0 million by 2027, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 14.8% from 2020 to 2027. The rising penetration of electric vehicles and the growth of the renewable energy sector are projected to provide growth opportunities to market vendors.
Key suggestions from the report:
In terms of both revenue and volume, semiconductor was the largest application segment in 2019. The growth of the segment is attributed to rising requirements of the increasing middle-class population, and thus indirect demand for electronics