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Market Research Report
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1076591

Silicon Carbide Market Size, Share & Trends Analysis Report By Product (Black, Green), By Application (Steel, Automotive, Aerospace), By Region (North America, APAC), And Segment Forecasts, 2022 - 2030

Published: | Grand View Research, Inc. | 94 Pages | Delivery time: 2-10 business days

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Silicon Carbide Market Size, Share & Trends Analysis Report By Product (Black, Green), By Application (Steel, Automotive, Aerospace), By Region (North America, APAC), And Segment Forecasts, 2022 - 2030
Published: April 25, 2022
Grand View Research, Inc.
Content info: 94 Pages
Delivery time: 2-10 business days
  • Description
  • Table of Contents
  • List of Tables

Silicon Carbide Market Growth & Trends:

The global silicon carbide market size is projected to reach USD 7.98 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.7% over the forecast period. 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 2022 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
Product Code: 978-1-68038-153-5

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition, Research Scope, And Assumptions
  • 1.3. Demand Analysis Methodology
  • 1.4. List Of Data Sources
  • 1.5. Information Procurement
  • 1.6. Information Analysis
  • 1.7. Market Formulation & Data Visualization
  • 1.8. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segmental Outlook

Chapter 3. Silicon Carbide Market Variables, Trends, & Scope

  • 3.1. Penetration & Growth Prospect Mapping
  • 3.2. Value Chain Analysis
    • 3.2.1. Raw Material Trends
    • 3.2.2. Manufacturing Trends & Technology Overview
    • 3.2.3. Sales Channel Analysis
  • 3.3. Market Dynamics
    • 3.3.1. Market Drivers
    • 3.3.2. Market Restraint
    • 3.3.3. Industry Challenges - Impact Of Covid-19
  • 3.4. Business Environment Analysis Tools - Silicon Carbide Market
    • 3.4.1. Porter's Analysis
    • 3.4.2. PESTEL Analysis

Chapter 4. Silicon Carbide Market: Product Estimates & Trend Analysis

  • 4.1. Product Movement Analysis & Market Share, 2021 & 2030
  • 4.2. Black Silicon Carbide
    • 4.2.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 4.3. Green Silicon Carbide
    • 4.3.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD million)

Chapter 5. Silicon Carbide Market: Application Estimates & Trend Analysis

  • 5.1. Application Movement Analysis & Market Share, 2021 & 2030
  • 5.2. Steel
    • 5.2.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 5.3. Automotive
    • 5.3.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 5.4. Aerospace
    • 5.4.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 5.5. Military & Defense
    • 5.5.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 5.6. Electrical & Electronics
    • 5.6.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 5.7. Healthcare
    • 5.7.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 5.8. Others
    • 5.8.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD million)

Chapter 6. Silicon Carbide Market: Regional Estimates & Trend Analysis

  • 6.1. Regional Snapshot
  • 6.2. Regional Movement Analysis & Market Share, 2021 & 2030
  • 6.3. North America
    • 6.3.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
    • 6.3.2. Market Estimates & Forecasts, By Product 2017 - 2030 (Kilotons) (USD Million)
    • 6.3.3. Market Estimates & Forecasts, By Application 2017 - 2030 (Kilotons) (USD million)
    • 6.3.4. U.S.
      • 6.3.4.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
      • 6.3.4.2. Market Estimates & Forecasts, By Product 2017 - 2030 (Kilotons) (USD Million)
      • 6.3.4.3. Market Estimates & Forecasts, By Application 2017 - 2030 (Kilotons) (USD million)
  • 6.4. Europe
    • 6.4.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
    • 6.4.2. Market Estimates & Forecasts, By Product 2017 - 2030 (Kilotons) (USD Million)
    • 6.4.3. Market Estimates & Forecasts, By Application 2017 - 2030 (Kilotons) (USD million)
    • 6.4.4. Germany
      • 6.4.4.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
      • 6.4.4.2. Market Estimates & Forecasts, By Product 2017 - 2030 (Kilotons) (USD Million)
      • 6.4.4.3. Market Estimates & Forecasts, By Application 2017 - 2030 (Kilotons) (USD million)
  • 6.5. Asia Pacific
    • 6.5.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
    • 6.5.2. Market Estimates & Forecasts, By Product 2017 - 2030 (Kilotons) (USD Million)
    • 6.5.3. Market Estimates & Forecasts, By Application 2017 - 2030 (Kilotons) (USD million)
    • 6.5.4. China
      • 6.5.4.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
      • 6.5.4.2. Market Estimates & Forecasts, By Product 2017 - 2030 (Kilotons) (USD Million)
      • 6.5.4.3. Market Estimates & Forecasts, By Application 2017 - 2030 (Kilotons) (USD million)
    • 6.5.5. India
      • 6.5.5.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
      • 6.5.5.2. Market Estimates & Forecasts, By Product 2017 - 2030 (Kilotons) (USD Million)
      • 6.5.5.3. Market Estimates & Forecasts, By Application 2017 - 2030 (Kilotons) (USD million)
  • 6.6. Central & South America
    • 6.6.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
    • 6.6.2. Market Estimates & Forecasts, By Product 2017 - 2030 (Kilotons) (USD Million)
    • 6.6.3. Market Estimates & Forecasts, By Application 2017 - 2030 (Kilotons) (USD Million)
    • 6.6.4. Brazil
      • 6.6.4.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
      • 6.6.4.2. Market Estimates & Forecasts, By Product 2017 - 2030 (Kilotons) (USD Million)
      • 6.6.4.3. Market Estimates & Forecasts, By Application 2017 - 2030 (Kilotons) (USD Million)
  • 6.7. Middle East & Africa
    • 6.7.1. Market Estimates & Forecasts 2017 - 2030 (Kilotons) (USD Million)
    • 6.7.2. Market Estimates & Forecasts, By Product 2017 - 2030 (Kilotons) (USD Million)
    • 6.7.3. Market Estimates & Forecasts, By Application 2017 - 2030 (Kilotons) (USD million)

Chapter 7. Silicon Carbide Market: Competitive Analysis

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Company Categorization
  • 7.3. Vendor Landscape
  • 7.4. SWOT Analysis

Chapter 8. Silicon Carbide Market: Company Profiles

  • 8.1. Agsco Corporation
    • 8.1.1. Company Overview
    • 8.1.2. Product Benchmarking
    • 8.1.3. Strategic Initiatives
  • 8.2. Carborundum Universal Limited
    • 8.2.1. Company Overview
    • 8.2.2. Financial Performance
    • 8.2.3. Product Benchmarking
  • 8.3. Washington Mills
    • 8.3.1. Company Overview
    • 8.3.2. Financial Performance
    • 8.3.3. Product Benchmarking
    • 8.3.4. Strategic Initiatives
  • 8.4. Coorstek
    • 8.4.1. Company Overview
    • 8.4.2. Financial Performance
    • 8.4.3. Product Benchmarking
    • 8.4.4. Strategic Initiatives
  • 8.5. Entegris, Inc.
    • 8.5.1. Company Overview
    • 8.5.2. Product Benchmarking
    • 8.5.3. Strategic Initiatives
  • 8.6. ESD-SIC B.V.
    • 8.6.1. Company Overview
    • 8.6.2. Product Benchmarking
  • 8.7. Snam Abrasives Pvt. Ltd.
    • 8.7.1. Company Overview
    • 8.7.2. Product Benchmarking
  • 8.8. Gaddis Engineered Materials
    • 8.8.1. Company Overview
    • 8.8.2. Financial Performance
    • 8.8.3. Product Benchmarking
  • 8.9. Grindwell Norton Ltd.
    • 8.9.1. Company Overview
    • 8.9.2. Financial Performance
    • 8.9.3. Product Benchmarking
    • 8.9.4. Strategic Initiatives
    • 8.9.5. SK Siltron Co.,Ltd.
    • 8.9.6. Company Overview
    • 8.9.7. Product Benchmarking

List of Table

  • 1. Key international regulations & their impact on the silicon carbide industry
  • 2. Black silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 3. Green silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 4. Silicon carbide market estimates and forecasts in steel 2017-2030 (Kilotons) (USD Million)
  • 5. Silicon carbides market estimates and forecasts in automotive 2017 - 2030 (Kilotons) (USD Million)
  • 6. Silicon carbides market estimates and forecasts in aerospace 2017 - 2030 (Kilotons) (USD Million)
  • 7. Silicon carbides market estimates and forecasts in military & defense 2017 - 2030 (Kilotons) (USD Million)
  • 8. Silicon carbides market estimates and forecasts in electrical & electronics 2017 - 2030 (Kilotons) (USD Million)
  • 9. Silicon carbide market estimates and forecasts in healthcare 2017-2030 (Kilotons) (USD Million)
  • 10. Silicon carbide market estimates and forecasts in other applications 2017-2030 (Kilotons) (USD Million)
  • 11. North America silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 12. North America silicon carbide market estimates and forecasts, by product 2017 - 2030 (Kilotons)
  • 13. North America silicon carbide market estimates and forecasts, by product 2017 - 2030 (USD Million)
  • 14. North America silicon carbide market estimates and forecasts, by application 2017 - 2030 (Kilotons)
  • 15. North America silicon carbide market estimates and forecasts, by application 2017 - 2030 (USD Million)
  • 16. U.S. silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 17. U.S. silicon carbide market estimates and forecasts, by product 2017 - 2030 (Kilotons)
  • 18. U.S. silicon carbide market estimates and forecasts, by product 2017 - 2030 (USD Million)
  • 19. U.S. silicon carbide market estimates and forecasts, by application 2017 - 2030 (Kilotons)
  • 20. U.S. silicon carbide market estimates and forecasts, by application 2017 - 2030 (USD Million)
  • 21. Europe silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 22. Europe silicon carbide market estimates and forecasts, by product 2017 - 2030 (Kilotons)
  • 23. Europe silicon carbide market estimates and forecasts, by product 2017 - 2030 (USD Million)
  • 24. Europe silicon carbide market estimates and forecasts, by application 2017 - 2030 (Kilotons)
  • 25. Europe silicon carbide market estimates and forecasts, by application 2017 - 2030 (USD Million)
  • 26. Germany silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 27. Germany silicon carbide market estimates and forecasts, by product 2017 - 2030 (Kilotons)
  • 28. Germany silicon carbide market estimates and forecasts, by product 2017 - 2030 (USD Million)
  • 29. Germany silicon carbide market estimates and forecasts, by application 2017 - 2030 (Kilotons)
  • 30. Germany silicon carbide market estimates and forecasts, by application 2017 - 2030 (USD Million)
  • 31. Asia Pacific silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 32. Asia Pacific silicon carbide market estimates and forecasts, by product 2017 - 2030 (Kilotons)
  • 33. Asia Pacific silicon carbide market estimates and forecasts, by product 2017 - 2030 (USD Million)
  • 34. Asia Pacific silicon carbide market estimates and forecasts, by application 2017 - 2030 (Kilotons)
  • 35. Asia Pacific silicon carbide market estimates and forecasts, by application 2017 - 2030 (USD Million)
  • 36. China silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 37. China silicon carbide market estimates and forecasts, by product 2017 - 2030 (Kilotons)
  • 38. China silicon carbide market estimates and forecasts, by product 2017 - 2030 (USD Million)
  • 39. China silicon carbide market estimates and forecasts, by application 2017 - 2030 (Kilotons)
  • 40. China silicon carbide market estimates and forecasts, by application 2017 - 2030 (USD Million)
  • 41. India silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 42. India silicon carbide market estimates and forecasts, by product 2017 - 2030 (Kilotons)
  • 43. India silicon carbide market estimates and forecasts, by product 2017 - 2030 (USD Million)
  • 44. India silicon carbide market estimates and forecasts, by application 2017 - 2030 (Kilotons)
  • 45. India silicon carbide market estimates and forecasts, by application 2017 - 2030 (USD Million)
  • 46. Central & South America silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 47. Central & South America silicon carbide market estimates and forecasts, by product 2017 - 2030 (Kilotons)
  • 48. Central & South America silicon carbide market estimates and forecasts, by product 2017 - 2030 (USD Million)
  • 49. Central & South America silicon carbide market estimates and forecasts, by application 2017 - 2030 (Kilotons)
  • 50. Central & South America silicon carbide market estimates and forecasts, by application 2017 - 2030 (USD Million)
  • 51. Brazil silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 52. Brazil silicon carbide market estimates and forecasts, by product 2017 - 2030 (Kilotons)
  • 53. Brazil silicon carbide market estimates and forecasts, by product 2017 - 2030 (USD Million)
  • 54. Brazil silicon carbide market estimates and forecasts, by application 2017 - 2030 (Kilotons)
  • 55. Brazil silicon carbide market estimates and forecasts, by application 2017 - 2030 (USD Million)
  • 56. Middle East & Africa silicon carbide market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
  • 57. Middle East & Africa silicon carbide market estimates and forecasts, by product 2017 - 2030 (Kilotons)
  • 58. Middle East & Africa silicon carbide market estimates and forecasts, by product 2017 - 2030 (USD Million)
  • 59. Middle East & Africa silicon carbide market estimates and forecasts, by application 2017 - 2030 (Kilotons)
  • 60. Middle East & Africa silicon carbide market estimates and forecasts, by application 2017 - 2030 (USD Million)
  • 61. List of silicon carbide manufacturers
  • 62. List of potential consumers, by application

List of Figures

  • Fig. 1 Market snapshot
  • Fig. 2 Market trends & outlook
  • Fig. 3 Market Segmentation
  • Fig. 4 Silicon Carbide Market: Penetration & Growth Prospect Mapping
  • Fig. 5 Silicon Carbide - Value chain analysis
  • Fig. 6 Silicon carbide - Market dynamics
  • Fig. 7 Crude Steel-global production (Thousand Metric Tons)
  • Fig. 8 Silicon carbide - Porter's analysis
  • Fig. 9 Silicon carbide - PESTEL analysis
  • Fig. 10 Silicon carbides market: Product movement analysis, 2021 & 2030
  • Fig. 11 Silicon carbides market: Application movement analysis, 2021 & 2030
  • Fig. 12 Silicon carbide market: Regional movement analysis, 2021 & 2030