Procurement Resource

  The silicon carbide market in 2023 exhibited diverse price trends across key global regions. In Asia, the first quarter saw price increases driven by sustained demand, particularly from the pharmaceutical sector, and external factors like cultural events and geopolitical tensions. However, the second quarter brought a sharp decline, primarily due to reduced purchasing activities and a contracting manufacturing sector. Request for Real-Time Silicon Carbide Prices: https://www.procurementresource.com/resource-center/silicon-carbide-price-trends/pricerequest In Europe, the first quarter witnessed initial price surges resulting from high input costs and inflation, but the second quarter witnessed a significant decline in silicon carbide prices, driven by reduced manufacturing activity, lower consumer sector demand, and rising inventories, creating pressure on trading activities. North America experienced an upturn in silicon carbide prices in the first quarter due to rising raw mater...