The grinding fluid market size exceeds 1 billion yuan

According to data released by Tianke Heda, the cost of polishing fluid accounted for 16.6%, 16.8% and 15.5% of the total production cost of silicon carbide substrates in 2018, 2019 and January-March 2020, respectively, with an average share of 16.3% over the three years. Assuming that the global demand for silicon carbide substrates exceeds 3 million pieces by 2027, the corresponding market size of silicon carbide polishing fluid will exceed 1 billion yuan.