Silicon Carbide Market, by Product Type by End-User, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Silicon Carbide is typically used for finishing cast iron, non-ferrous metals, stone, lather, and rubber the sharp cutting characteristics of black silicon carbide is anticipated to give an uptick to its demand during the projection period. High thermal conductivity, and energy efficiency of silicon carbide drives the global silicon carbide market to a substantial growth during the forecast period.

Market Dynamics

Robust growth in the steel industry due to the increasing production of steel is a prime factor driving the market growth of the silicon carbide. Silicon carbide (SiC) is used as a deoxidizing agent in steel production. According to the India Brand Equity Foundation, India was the world's second-largest steel producer with production standing at 111.2 million tons (MT) in 2019. The growth in the Indian steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labor.

However, the high cost of the silicon carbide-based electronic devices due to low manufacturing volume and yield is affecting the demand for the product. This factor is expected to restrict the market growth of the silicon carbide over the forecast timeframe.

Key features of the study:

• This report provides in-depth analysis of global Silicon Carbide market size (US$ Billion and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 - 2027), considering 2019 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the global Silicon Carbide market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study includes AGSCO Corporation, Carborundum Universal Ltd., Entegris Inc., ESD-SIC b.v., ESK-SIC GmbH, Gaddis Engineered Materials, Grindwell Norton Ltd., Norstel AB, Saint-Gobain Ceramics Materials GmbH, and Snam Abrasives Pvt. Ltd.
• Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
• The global Silicon Carbide market report caters to various stakeholders in this industry including investors, suppliers, global Silicon Carbide manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Silicon Carbide market

Detailed Segmentation:

• Global Silicon Carbide Market, By Product Type:
• Black SiC
• Green SiC
• Others
• Global Silicon Carbide Market, By End-User:
• Steel & energy
• Automotive
• Aerospace & aviation
• Military & defense
• Electronics & semiconductors
• Medical & healthcare
• Others
• Global Silicon Carbide Market, By Region:
• North America
  • By Product Type
  • Black SiC
  • Green SiC
  • Others
  • By End-User:
  • Steel & energy
  • Automotive
  • Aerospace & aviation
  • Military & defense
  • Electronics & semiconductors
  • Medical & healthcare
  • Others
• Europe
  • By Product Type
  • Black SiC
  • Green SiC
  • Others
  • By End-User:
  • Steel & energy
  • Automotive
  • Aerospace & aviation
  • Military & defense
  • Electronics & semiconductors
  • Medical & healthcare
  • Others
• Asia Pacific
  • By Product Type
  • Black SiC
  • Green SiC
  • Others
  • By End-User:
  • Steel & energy
  • Automotive
  • Aerospace & aviation
  • Military & defense
  • Electronics & semiconductors
  • Medical & healthcare
  • Others
• Rest of the World
  • By Product Type
  • Black SiC
  • Green SiC
  • Others
  • By End-User:
  • Steel & energy
  • Automotive
  • Aerospace & aviation
  • Military & defense
  • Electronics & semiconductors
  • Medical & healthcare
  • Others

Company Profiles

• AGSCO Corporation*
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
• Carborundum Universal Ltd.
• Entegris Inc.
• ESK-SIC GmbH
• Gaddis Engineered Materials
• Grindwell Norton Ltd.
• Norstel AB
• Saint-Gobain Ceramics Materials GmbH
• Snam Abrasives Pvt. Ltd.

"*" marked represents similar segmentation in other categories in the respective.