Global SiC Wafer Polishing Market Size study & Forecast, by Process Type, by Product Type, by Application and Regional Analysis, 2023-2030

Description

List of Tables

Global SiC Wafer Polishing Market is valued at approximately USD 0.29 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 37.5% over the forecast period 2023-2030. Silicon Carbide (SiC) wafer polishing is a critical process in the fabrication of semiconductor devices, particularly for applications in power electronics and high-frequency devices. Polishing SiC wafers involves several steps to achieve a smooth and defect-free surface. The SiC Wafer Polishing Market is expanding because of factors such as the rising number of electric vehicle production and growing demand for consumer electronics. As a result, the demand for SiC Wafer Polishing has progressively increased in the international market during the forecast period 2023-2030.

SiC wafers are a crucial component in the manufacturing of power electronics for electric vehicles. They offer higher efficiency and better performance compared to traditional silicon-based devices. They can handle higher temperatures and voltages, making them ideal for electric vehicle applications. According to Statista, in 2022, BYD emerged as the leading global manufacturer of electric vehicles, producing approximately 1.86 million units worldwide. This positioned the Chinese company ahead of competitors, with Tesla and the Volkswagen Group securing the second and third spots in the rankings. Tesla manufactured an estimated 1.31 million electric vehicles, while the Volkswagen Group produced around 839,200 plug-in electric vehicles over the same period. Another important factor that drives the SiC Wafer Polishing Market is the increasing demand for consumer electronics. Consumer electronics often drive technological advancements, such as the development of smaller, more powerful, and energy-efficient devices. SiC wafers are known for their excellent thermal conductivity and high breakdown voltage, making them suitable for advanced electronic components. As consumer electronics push the boundaries of technology, SiC wafers with superior properties become more essential, impacting the demand for high-quality polishing. In addition, according to Statista, the consumer electronics market is expected to develop steadily from 2023 to 2028, with a total increase of approximately 11.9% within mentioned period of time. Moreover, the growing demand for SiC-based power devices and the development of advanced polishing consumables are anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high cost associated with SiC Wafer Polishing and the lack of skilled professionals in precision polishing of SiC wafers is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global SiC Wafer Polishing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the growing population and rising disposable incomes driving the demand for smartphones, tablets, and other electronic devices in the region. Rising incomes often lead to increased adoption of technology, and electronic devices become essential tools for communication, work, entertainment, and education. The region's dominant performance is anticipated to propel the overall demand for SiC Wafer Polishing. Furthermore, North America is expected to grow fastest over the forecast period, owing to factors such as significant investments in research and development in the region. R&D activities often target increasing the yield of high-quality SiC wafers while simultaneously reducing production costs. This is crucial for making SiC technology more economically viable and accessible for a broader range of applications.

Major market player included in this report are:

Kemet International Limited
Iljin Diamond Co., Ltd
Fujimi Corporation
Saint-Gobain Corporation
JSR Corporation
Engis Corporation
Ferro Corporation
3M Company
DuPont Incorporated
Fujifilm Holding America Corporation

Recent Developments in the Market:

In October 2023, Revasum, Inc., a forefront provider of advanced semiconductor manufacturing equipment, is excited to announce a strategic alliance with SGSS, a global leader in high-performance materials and inventive solutions. This collaborative venture is poised to reshape the semiconductor landscape through the development of an innovative range of grinding wheels meticulously tailored for Silicon Carbide (SiC) wafers. Recognized as a pivotal material in the fabrication of power devices, Silicon Carbide has garnered considerable attention in the semiconductor industry owing to its exceptional properties. The surge in demand for SiC wafers underscores the industry's need for top-tier quality, and this partnership seeks to deliver cutting-edge solutions to meet the dynamic requirements of the market.

Global SiC Wafer Polishing Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Process Type, Product type, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

by Process Type

Mechanical polishing
Chemical-mechanical polishing (CMP)
Electropolishing
Chemical polishing
Plasma-assisted polishing
Others

by Product type

Abrasive powders
Polishing pads
Diamond slurries
Colloidal silica suspensions
Others

by Application

Power Electronics
Light-emitting diodes (LEDs)
Sensors and detectors
Rf and microwave devices
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. SiC Wafer Polishing Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. SiC Wafer Polishing Market, by Process Type, 2020-2030 (USD Billion)
- 1.2.3. SiC Wafer Polishing Market, by Product type, 2020-2030 (USD Billion)
- 1.2.4. SiC Wafer Polishing Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global SiC Wafer Polishing Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global SiC Wafer Polishing Market Dynamics

3.1. SiC Wafer Polishing Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising number of electric vehicle production
  - 3.1.1.2. Growing demand for consumer electronics
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost associated with SiC Wafer Polishing
  - 3.1.2.2. Lack of skilled professionals in precision polishing of SiC wafers
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing demand for SiC-based power devices
  - 3.1.3.2. Development of advanced polishing consumable

Chapter 4. Global SiC Wafer Polishing Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global SiC Wafer Polishing Market, by Process Type

5.1. Market Snapshot
5.2. Global SiC Wafer Polishing Market by Process Type, Performance - Potential Analysis
5.3. Global SiC Wafer Polishing Market Estimates & Forecasts by Process Type 2020-2030 (USD Billion)
5.4. SiC Wafer Polishing Market, Sub Segment Analysis
- 5.4.1. Mechanical polishing
- 5.4.2. Chemical-mechanical polishing (CMP)
- 5.4.3. Electropolishing
- 5.4.4. Chemical polishing
- 5.4.5. Plasma-assisted polishing
- 5.4.6. Others

Chapter 6. Global SiC Wafer Polishing Market, by Product type

6.1. Market Snapshot
6.2. Global SiC Wafer Polishing Market by Product type, Performance - Potential Analysis
6.3. Global SiC Wafer Polishing Market Estimates & Forecasts by Product type 2020-2030 (USD Billion)
6.4. SiC Wafer Polishing Market, Sub Segment Analysis
- 6.4.1. Abrasive powders
- 6.4.2. Polishing pads
- 6.4.3. Diamond slurries
- 6.4.4. Colloidal silica suspensions
- 6.4.5. Others

Chapter 7. Global SiC Wafer Polishing Market, by Application

7.1. Market Snapshot
7.2. Global SiC Wafer Polishing Market by Application, Performance - Potential Analysis
7.3. Global SiC Wafer Polishing Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. SiC Wafer Polishing Market, Sub Segment Analysis
- 7.4.1. Power Electronics
- 7.4.2. Light-emitting diodes (LEDs)
- 7.4.3. Sensors and detectors
- 7.4.4. Rf and microwave devices
- 7.4.5. Others

Chapter 8. Global SiC Wafer Polishing Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. SiC Wafer Polishing Market, Regional Market Snapshot
8.4. North America SiC Wafer Polishing Market
- 8.4.1. U.S. SiC Wafer Polishing Market
  - 8.4.1.1. Process Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Product type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada SiC Wafer Polishing Market
8.5. Europe SiC Wafer Polishing Market Snapshot
- 8.5.1. U.K. SiC Wafer Polishing Market
- 8.5.2. Germany SiC Wafer Polishing Market
- 8.5.3. France SiC Wafer Polishing Market
- 8.5.4. Spain SiC Wafer Polishing Market
- 8.5.5. Italy SiC Wafer Polishing Market
- 8.5.6. Rest of Europe SiC Wafer Polishing Market
8.6. Asia-Pacific SiC Wafer Polishing Market Snapshot
- 8.6.1. China SiC Wafer Polishing Market
- 8.6.2. India SiC Wafer Polishing Market
- 8.6.3. Japan SiC Wafer Polishing Market
- 8.6.4. Australia SiC Wafer Polishing Market
- 8.6.5. South Korea SiC Wafer Polishing Market
- 8.6.6. Rest of Asia Pacific SiC Wafer Polishing Market
8.7. Latin America SiC Wafer Polishing Market Snapshot
- 8.7.1. Brazil SiC Wafer Polishing Market
- 8.7.2. Mexico SiC Wafer Polishing Market
8.8. Middle East & Africa SiC Wafer Polishing Market
- 8.8.1. Saudi Arabia SiC Wafer Polishing Market
- 8.8.2. South Africa SiC Wafer Polishing Market
- 8.8.3. Rest of Middle East & Africa SiC Wafer Polishing Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Kemet International Limited
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Iljin Diamond Co., Ltd
- 9.3.3. Fujimi Corporation
- 9.3.4. Saint-Gobain Corporation
- 9.3.5. JSR Corporation
- 9.3.6. Engis Corporation
- 9.3.7. Ferro Corporation
- 9.3.8. 3M Company
- 9.3.9. DuPont Incorporated
- 9.3.10. Fujifilm Holding America Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global SiC Wafer Polishing Market, report scope
TABLE 2. Global SiC Wafer Polishing Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global SiC Wafer Polishing Market estimates & forecasts by Process Type 2020-2030 (USD Billion)
TABLE 4. Global SiC Wafer Polishing Market estimates & forecasts by Product type 2020-2030 (USD Billion)
TABLE 5. Global SiC Wafer Polishing Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global SiC Wafer Polishing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global SiC Wafer Polishing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global SiC Wafer Polishing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global SiC Wafer Polishing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global SiC Wafer Polishing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global SiC Wafer Polishing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global SiC Wafer Polishing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global SiC Wafer Polishing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global SiC Wafer Polishing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global SiC Wafer Polishing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia SiC Wafer Polishing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA SiC Wafer Polishing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global SiC Wafer Polishing Market
TABLE 71. List of primary sources, used in the study of global SiC Wafer Polishing Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global SiC Wafer Polishing Market, research methodology
FIG 2. Global SiC Wafer Polishing Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global SiC Wafer Polishing Market, key trends 2022
FIG 5. Global SiC Wafer Polishing Market, growth prospects 2023-2030
FIG 6. Global SiC Wafer Polishing Market, porters 5 force model
FIG 7. Global SiC Wafer Polishing Market, pest analysis
FIG 8. Global SiC Wafer Polishing Market, value chain analysis
FIG 9. Global SiC Wafer Polishing Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global SiC Wafer Polishing Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global SiC Wafer Polishing Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global SiC Wafer Polishing Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global SiC Wafer Polishing Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global SiC Wafer Polishing Market, regional snapshot 2020 & 2030
FIG 15. North America SiC Wafer Polishing Market 2020 & 2030 (USD Billion)
FIG 16. Europe SiC Wafer Polishing Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific SiC Wafer Polishing Market 2020 & 2030 (USD Billion)
FIG 18. Latin America SiC Wafer Polishing Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa SiC Wafer Polishing Market 2020 & 2030 (USD Billion)