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PUBLISHER: Grand View Research | PRODUCT CODE: 1751475
PUBLISHER: Grand View Research | PRODUCT CODE: 1751475
Silicon Carbide Market Size, Share & Trends Analysis Report By Product (Black, Green), By Application (Steel, Automotive, Aerospace & Aviation, Military & Defense, Electronics, Healthcare), By Region, And Segment Forecasts, 2025 - 2030
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PAGES: 100 Pages
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Silicon Carbide Market Growth & Trends:
The global silicon carbide market size is estimated to reach USD 9.15 billion by 2030, registering a CAGR of 8.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. 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:
- On the basis of product, the black silicon carbide segment held the revenue share of 54.8% in 2024.
- On the basis of application, the electronics segment held the revenue share of 27% in 2024, due to its exceptional thermal conductivity, high melting point, and chemical inertness.
- Post-pandemic era is likely to observe higher spending on healthcare infrastructure across the globe, supporting the healthcare segment growth.
- Asia Pacific held over 59.0% revenue share and 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
- 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. Market Variables, Trends, and Scope
- 3.1. Global Silicon Carbide Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Analysis
- 3.3. Technology Overview
- 3.4. Industry Trends
- 3.4.1. ESG Trends
- 3.4.2. Trade Scenario
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.7. Porter's Five Forces Analysis
- 3.7.1. Bargaining Power of Suppliers
- 3.7.2. Bargaining Power of Buyers
- 3.7.3. Threat of Substitution
- 3.7.4. Threat of New Entrants
- 3.7.5. Competitive Rivalry
- 3.8. PESTLE Analysis
- 3.8.1. Political Landscape
- 3.8.2. Economic Landscape
- 3.8.3. Social Landscape
- 3.8.4. Technology Landscape
- 3.8.5. Environmental Landscape
- 3.8.6. Legal Landscape
Chapter 4. Silicon Carbide Market: Product Outlook Estimates & Forecasts
- 4.1. Silicon Carbide Market: Product Movement Analysis, 2024 & 2030
- 4.2. Black
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.3. Green
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Silicon Carbide Market: Application Outlook Estimates & Forecasts
- 5.1. Silicon Carbide Market: Application Movement Analysis, 2024 & 2030
- 5.2. Steel
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Automotive
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Aerospace & Aviation
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Military & Defense
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Electronics
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.7. Healthcare
- 5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.8. Others
- 5.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Silicon Carbide Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Analysis, 2024 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. France
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. South Korea
- 6.4.5.1. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Key Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share
- 7.4. Heat Map Analysis
- 7.5. Company Market Ranking
- 7.6. Vendor Landscape
- 7.6.1. List of equipment suppliers
- 7.6.2. List of distributors
- 7.6.3. List of other prominent manufacturers
- 7.7. List of prospective end-users
- 7.8. Strategy Mapping
- 7.9. Company Profiles/Listing
- 7.9.1. AGSCO Corporation
- 7.9.1.1. Company Overview
- 7.9.1.2. Financial Performance
- 7.9.1.3. Product Benchmarking
- 7.9.2. Carborundum Universal Limited
- 7.9.2.1. Company Overview
- 7.9.2.2. Financial Performance
- 7.9.2.3. Product Benchmarking
- 7.9.3. Washington Mills
- 7.9.3.1. Company Overview
- 7.9.3.2. Financial Performance
- 7.9.3.3. Product Benchmarking
- 7.9.4. Coorstek
- 7.9.4.1. Company Overview
- 7.9.4.2. Financial Performance
- 7.9.4.3. Product Benchmarking
- 7.9.5. Entegris, Inc.
- 7.9.5.1. Company Overview
- 7.9.5.2. Financial Performance
- 7.9.5.3. Product Benchmarking
- 7.9.6. ESD-SIC b.v.
- 7.9.6.1. Company Overview
- 7.9.6.2. Financial Performance
- 7.9.6.3. Product Benchmarking
- 7.9.7. Snam Abrasives Pvt. Ltd.
- 7.9.7.1. Company Overview
- 7.9.7.2. Financial Performance
- 7.9.7.3. Product Benchmarking
- 7.9.8. Gaddis Engineered Materials
- 7.9.8.1. Company Overview
- 7.9.8.2. Financial Performance
- 7.9.8.3. Product Benchmarking
- 7.9.9. Grindwell Norton Ltd.
- 7.9.9.1. Company Overview
- 7.9.9.2. Financial Performance
- 7.9.9.3. Product Benchmarking
- 7.9.10. SK siltron Co.,Ltd.
- 7.9.10.1. Company Overview
- 7.9.10.2. Financial Performance
- 7.9.10.3. Product Benchmarking
- 7.9.1. AGSCO Corporation
Product Code: 978-1-68038-153-5
List of Tables
- Table 1 Silicon Carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 2 Silicon Carbide market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 3 Silicon Carbide market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 4 North America silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 5 North America silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 6 North America silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 7 U.S. silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 8 U.S. silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 9 U.S. silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons) (Kilotons)
- Table 10 Canada silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 11 Canada silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 12 Canada silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 13 Mexico silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 14 Mexico silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 15 Mexico silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 16 Europe silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 17 Europe silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 18 Europe silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 19 Germany silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 20 Germany silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 21 Germany silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 22 France silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 23 France silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 24 France silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 25 Asia Pacific silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 26 Asia Pacific silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 27 Asia Pacific silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 28 China silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 29 China silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 30 China silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 31 Japan silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 32 Japan silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 33 Japan silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 34 South Korea silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 35 South Korea silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 36 South Korea silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 37 Central & South Africa silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 38 Central & South Africa silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 39 Central & South Africa silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 40 Middle East & Africa silicon carbide market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 41 Middle East & Africa silicon carbide market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 42 Middle East & Africa silicon carbide market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
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 and Application
- Fig. 7 Competitive Outlook
- Fig. 8 Global Silicon Carbide Market, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 9 Silicon Carbide Market - Value Chain Analysis
- Fig. 10 Value Chain Analysis
- Fig. 11 Market Dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Silicon Carbide Market, By Product: Key Takeaways
- Fig. 15 Silicon Carbide Market, By Product: Market Share, 2024 & 2030
- Fig. 16 Silicon Carbide Market, By Application: Key Takeaways
- Fig. 17 Silicon Carbide Market, By Application: Market Share, 2024 & 2030
- Fig. 18 Silicon Carbide Market: Regional Analysis, 2024 & 2030
- Fig. 19 Silicon Carbide Market, By Region: Key Takeaways
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