+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Silicon Carbide Market Size, Share & Trends Analysis Report By Product (Black & Green), By Application (Steel, Automotive, Aerospace), By Region, And Segment Forecasts, 2023 - 2030

  • PDF Icon

    Report

  • 94 Pages
  • April 2023
  • Region: Global
  • Grand View Research
  • ID: 4538837
Description Jump to:
The global silicon carbide market size is expected to reach USD 7.98 billion by 2030, registering a CAGR of 11.7%. The rising prominence of silicon carbide in the production of Single-crystal SiC wafers is projected to aid the market growth over the forecast period. In the last few years. The consumption of single-crystal SiC wafers increased significantly, especially to manufacture electronic chips in the semiconductor industry. The increasing need to produce compact and right design electronic devices is projected to further push the product demand in the semiconductors industry. These single-crystal wafers offer limited power loss in the form of heat owing to the reduced leakage currents and wide-bandgap. Moreover, the SiC-based wafers are equipped to handle 10 times more voltage than their counterpart materials.

The rising usage of SiC-based chips in the electronic section of Electric Vehicles (EVs) is anticipated to positively influence the dynamics of the industry over the forecast period. The prominent EV manufacturers, including Tesla, use SiC-based chips in their vehicles. As per the recent news, Tesla is establishing its new EV manufacturing in India. Such new investments are likely to provide opportunities for the growth of the market of SiC and its associated products over the predicted timeline. The organic and inorganic growth strategies adopted by key players in the semiconductor industry are also likely to support the growth of the market. For instance, in January 2019, Cree, Inc., signed a long-term agreement to supply SiC wafers to STMicroelectronics. The adoption of SiC power devices in electronics, renewable energy systems, and automotive has increased tremendously over the last few years and is anticipated to gain additional thrust over the coming years.

Silicon Carbide Market Report Highlights

  • The black SiC product segment is projected to dominate the overall market, in terms of volume as well as revenue, by 2030
  • The healthcare segment is anticipated to register the fastest CAGR over the forecast period. The segment is projected to observe a significant CAGR, in terms of revenue, from 2023 to 2030
  • Post-pandemic era is likely to observe higher spending on healthcare infrastructure across the globe, thereby supporting the segment growth
  • Steel is projected to remain a key consuming application segment in the industry. The development, in terms of overall crude steel production, in 2022 is likely to aid the segment growth in the near future
  • Asia Pacific is expected to remain a dominant regional market over the forecast period owing to the presence of major steel-manufacturing countries in the region

Table of Contents

Chapter 1 Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Data Analysis Models
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2 Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3 Silicon Carbide Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Value Chain Analysis
3.2.1. Raw Material Trends
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunity Analysis
3.3.4. Market Challenges
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitution
3.4.4. Threat of New Entrants
3.4.5. Competitive Rivalry
3.5. PESTEL Analysis
3.5.1. Political
3.5.2. Economic
3.5.3. Social Landscape
3.5.4. Technology
3.5.5. Environmental
3.5.6. Legal
Chapter 4 Silicon Carbide Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2022 & 2030
4.2. Black Silicon Carbide
4.2.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
4.3. Green Silicon Carbide
4.3.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
Chapter 5 Silicon Carbide Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2022 & 2030
5.2. Steel
5.2.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
5.3. Automotive
5.3.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
5.4. Aerospace
5.4.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
5.5. Military & Defense
5.5.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
5.6. Electrical & Electronics
5.6.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
5.7. Healthcare
5.7.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
5.8. Others
5.8.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
Chapter 6 Silicon Carbide Market: Regional Estimates & Trend Analysis
6.1. Regional Snapshot
6.2. Regional Movement Analysis & Market Share, 2022 & 2030
6.3. North America
6.3.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
6.3.2. Market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD million)
6.3.3. Market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD million)
6.3.4. U.S.
6.3.4.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
6.3.4.2. Market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD million)
6.3.4.3. Market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD million)
6.4. Europe
6.4.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
6.4.2. Market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD million)
6.4.3. Market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD million)
6.4.4. Germany
6.4.4.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
6.4.4.2. Market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD million)
6.4.4.3. Market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD million)
6.5. Asia Pacific
6.5.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
6.5.2. Market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD million)
6.5.3. Market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD million)
6.5.4. China
6.5.4.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
6.5.4.2. Market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD million)
6.5.4.3. Market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD million)
6.5.5. India
6.5.5.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
6.5.5.2. Market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD million)
6.5.5.3. Market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD million)
6.6. Central & South America
6.6.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
6.6.2. Market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD million)
6.6.3. Market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD million)
6.6.4. Brazil
6.6.4.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
6.6.4.2. Market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD million)
6.6.4.3. Market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD million)
6.7. Middle East & Africa
6.7.1. Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD million)
6.7.2. Market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD million)
6.7.3. Market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD million)
Chapter 7 Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Ranking
7.4. Heat Map Analysis
7.5. Vendor Landscape
7.5.1. List of raw material supplier, key manufacturers, and distributors
7.5.2. List of prospective end-users
7.6. Strategy Mapping
7.7. Company Profiles/Listing
7.7.1. AGSCO Corporation
7.7.1.1. Company overview
7.7.1.2. Product benchmarking
7.7.1.3. Strategic initiatives
7.7.2. Carborundum Universal Limited
7.7.2.1. Company overview
7.7.2.2. Financial performance
7.7.2.3. Product benchmarking
7.7.3. Washington Mills
7.7.3.1. Company overview
7.7.3.2. Financial performance
7.7.3.3. Product benchmarking
7.7.3.4. Strategic initiatives
7.7.4. Coorstek
7.7.4.1. Company overview
7.7.4.2. Financial performance
7.7.4.3. Product benchmarking
7.7.4.4. Strategic initiatives
7.7.5. Entegris, Inc.
7.7.5.1. Company overview
7.7.5.2. Product benchmarking
7.7.5.3. Strategic initiatives
7.7.6. ESD-SIC b.v.
7.7.6.1. Company overview
7.7.6.2. Product benchmarking
7.7.7. Snam Abrasives Pvt. Ltd.
7.7.7.1. Company overview
7.7.7.2. Product benchmarking
7.7.8. Gaddis Engineered Materials
7.7.8.1. Company overview
7.7.8.2. Financial performance
7.7.8.3. Product benchmarking
7.7.9. Grindwell Norton Ltd.
7.7.9.1. Company overview
7.7.9.2. Financial performance
7.7.9.3. Product benchmarking
7.7.9.4. Strategic initiatives
7.7.10. SK siltron Co.,Ltd.
7.7.10.1. Company overview
7.7.10.2. Product benchmarking
List of Tables
Table 1 Black silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 2 Green silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 3 Silicon carbide market estimates and forecasts in steel 2018 - 2030 (Kilotons) (USD Million)
TABLE 4 Silicon carbides market estimates and forecasts in automotive, 2018 - 2030 (Kilotons) (USD Million)
TABLE 5 Silicon carbides market estimates and forecasts in aerospace, 2018 - 2030 (Kilotons) (USD Million)
TABLE 6 Silicon carbides market estimates and forecasts in military & defense, 2018 - 2030 (Kilotons) (USD Million)
TABLE 7 Silicon carbides market estimates and forecasts in electrical & electronics, 2018 - 2030 (Kilotons) (USD Million)
TABLE 8 Silicon carbide market estimates and forecasts in healthcare 2018 - 2030 (Kilotons) (USD Million)
TABLE 9 Silicon carbide market estimates and forecasts in other applications 2018 - 2030 (Kilotons) (USD Million)
TABLE 10 North America silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 11 North America silicon carbide market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 12 North America silicon carbide market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 13 North America silicon carbide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
TABLE 14 North America silicon carbide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 15 U.S. silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 16 U.S. silicon carbide market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 17 U.S. silicon carbide market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 18 U.S. silicon carbide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
TABLE 19 U.S. silicon carbide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 20 Europe silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 21 Europe silicon carbide market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 22 Europe silicon carbide market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 23 Europe silicon carbide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
TABLE 24 Europe silicon carbide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 25 Germany silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 26 Germany silicon carbide market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 27 Germany silicon carbide market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 28 Germany silicon carbide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
TABLE 29 Germany silicon carbide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 30 Asia Pacific silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 31 Asia Pacific silicon carbide market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 32 Asia Pacific silicon carbide market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 33 Asia Pacific silicon carbide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
TABLE 34 Asia Pacific silicon carbide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 35 China silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 36 China silicon carbide market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 37 China silicon carbide market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 38 China silicon carbide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
TABLE 39 China silicon carbide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 40 India silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 41 India silicon carbide market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 42 India silicon carbide market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 43 India silicon carbide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
TABLE 44 India silicon carbide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 45 Central & South America silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 46 Central & South America silicon carbide market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 47 Central & South America silicon carbide market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 48 Central & South America silicon carbide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
TABLE 49 Central & South America silicon carbide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 50 Brazil silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 51 Brazil silicon carbide market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 52 Brazil silicon carbide market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 53 Brazil silicon carbide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
TABLE 54 Brazil silicon carbide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 55 Middle East & Africa silicon carbide market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
TABLE 56 Middle East & Africa silicon carbide market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 57 Middle East & Africa silicon carbide market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 58 Middle East & Africa silicon carbide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
TABLE 59 Middle East & Africa silicon carbide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
List of Figures
Fig 1. Market segmentation
FIG 2. Information procurement
FIG 3. Data Analysis Models
FIG 4. Market Formulation and Validation
FIG 5. Market snapshot
FIG 6. Segmental outlook - Product & Application
FIG 7. Competitive Outlook
FIG 8. Silicon carbide market outlook, 2018 - 2030 (USD Million) (Kilotons)
FIG 9. Value chain analysis
FIG 10. Market dynamics
FIG 11. Porter’s Analysis
FIG 12. PESTEL Analysis
FIG 13. Silicon carbide market, by product: Key takeaways
FIG 14. Silicon carbide market, by product: Market share, 2022 & 2030
FIG 15. Silicon carbide market, by application: Key takeaways
FIG 16. Silicon carbide market, by application: Market share, 2022 & 2030
FIG 17. Silicon carbide market: Regional analysis, 2022
FIG 18. Silicon carbide market, by region: Key takeaways

Companies Mentioned

  • AGSCO Corporation
  • Carborundum Universal Limited
  • Washington Mills
  • Coorstek
  • Entegris, Inc.
  • ESD-SIC b.v.
  • Snam Abrasives Pvt. Ltd.
  • Gaddis Engineered Materials
  • Grindwell Norton Ltd.
  • SK siltron Co.,Ltd.

Methodology

Loading
LOADING...

Table Information

Report AttributeDetails
No. of Pages94
PublishedApril 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 3.3 Billion
Forecasted Market Value ( USD ) by 2030 $ 7.98 Billion
Compound Annual Growth Rate11.7%
Regions CoveredGlobal
No. of Companies Mentioned10

Related Topics

Related Reports

Spherical Silicon Carbide Market Size, Share & Trends Analysis Report by Application (Filler Material, Coating), Product (Below 30.0 Micrometre, Above 50.0 Micrometre), Region, and Segment Forecasts, 2024-2030 - Product Image

Spherical Silicon Carbide Market Size, Share & Trends Analysis Report by Application (Filler Material, Coating), Product (Below 30.0 Micrometre, Above 50.0 Micrometre), Region, and Segment Forecasts, 2024-2030

  • Report
  • 100 Pages
  • Global
From
Silicon Carbide Fine Powder Market Size, Share & Trends Analysis Report by Grade (Metallurgical Grade, Refractory Grade), Application (Abrasives, Refractory Materials), Region, and Segment Forecasts, 2024-2030 - Product Image

Silicon Carbide Fine Powder Market Size, Share & Trends Analysis Report by Grade (Metallurgical Grade, Refractory Grade), Application (Abrasives, Refractory Materials), Region, and Segment Forecasts, 2024-2030

  • Report
  • 109 Pages
  • Global
From
Silicon Carbide Power Module Market by Device Type, Configuration, Material Type, End-User - Global Forecast 2025-2030 - Product Image

Silicon Carbide Power Module Market by Device Type, Configuration, Material Type, End-User - Global Forecast 2025-2030

  • Report
  • 183 Pages
  • Global
From
LED Silicon Carbide Carrier Market by Material Type, Application, End User, Manufacturing Process - Global Forecast 2025-2030 - Product Image

LED Silicon Carbide Carrier Market by Material Type, Application, End User, Manufacturing Process - Global Forecast 2025-2030

  • Report
  • 185 Pages
  • Global
From
Silicon Carbide (SiC) Diodes Market Report 2024 - Product Image

Silicon Carbide (SiC) Diodes Market Report 2024

  • Report
  • 175 Pages
  • Global
From
Copyright © 2002-2024 Research and Markets. All Rights Reserved.