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PUBLISHER: Grand View Research | PRODUCT CODE: 1941893
PUBLISHER: Grand View Research | PRODUCT CODE: 1941893
Silicon Carbide Market Size, Share & Trends Analysis Report By Product (Black, Green), By Application (Steel, Automotive, Aerospace & Defense, Electronics, Healthcare), By Region, And Segment Forecasts, 2026 - 2033
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PAGES: 100 Pages
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Silicon Carbide Market Summary
The global silicon carbide market size was estimated at USD 4.59 billion in 2025 and is projected to reach USD 9.56 billion by 2033, growing at a CAGR of 7.7% from 2026 to 2033. The increased use of the product to manufacture refractory materials for the steel industry is projected to aid the market growth during the forecast period.
Silicon carbide is used as a raw material for refractory on account of its high-temperature resistance. The refractory products are widely used in the linings of kilns, furnaces, and reactors across various industries, including cast iron, steel, aluminum, and metal. The production growth in the aforementioned ferrous and non-ferrous industries is expected to drive the market for refractory materials. The silicon carbide (SiC) industry is experiencing significant growth, driven by its superior properties such as high thermal conductivity, voltage resistance, and efficiency in power electronics. These attributes make SiC an ideal material for applications in electric vehicles (EVs), renewable energy systems, and high-performance industrial equipment. The global shift towards electrification and decarbonization, supported by government initiatives like the U.S. Department of Energy's USD 544 million loan to expand SiC wafer production in Michigan and the European Union's approval of Italian state aid for a USD 5.4 billion STMicroelectronics SiC chip plant in Sicily, underscore the strategic importance of SiC in achieving energy efficiency and sustainability goals.
Despite its advantages, the market faces challenges that could impede its growth. The high cost of SiC devices, attributed to complex manufacturing processes and the need for specialized equipment, remains a significant barrier. Besides, the brittleness of SiC materials complicates fabrication, requiring advanced techniques and skilled labor. Supply chain constraints, including limited availability of high-quality SiC substrates and geopolitical factors affecting raw material sourcing, further exacerbate these issues. Addressing these challenges is crucial for the widespread adoption of SiC technologies across various industries.
Global Silicon Carbide Market Report Segmentation
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global silicon carbide market report on the basis of product, application, and region.
- Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Black
- Green
- Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Steel
- Automotive
- Aerospace & aviation
- Military & Defense
- Electronics
- Healthcare
- Others
- Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Japan
- South Korea
- Latin America
- Middle East & Africa
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. 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
- 3.5. 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, 2025 & 2033
- 4.2. Black
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.3. Green
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 5. Silicon Carbide Market: Application Outlook Estimates & Forecasts
- 5.1. Silicon Carbide Market: Application Movement Analysis, 2025 & 2033
- 5.2. Steel
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3. Automotive
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4. Aerospace & Aviation
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.5. Military & Defense
- 5.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.6. Electronics
- 5.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.7. Healthcare
- 5.7.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.8. Others
- 5.8.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 6. Silicon Carbide Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Analysis, 2025 & 2033
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.4.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.4.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.5.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.5.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.6.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.6.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.6.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.5. South Korea
- 6.4.5.1. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecasts, by application, 2021 - 2033 (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, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 2 Silicon Carbide market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 3 Silicon Carbide market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 4 North America silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 5 North America silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 6 North America silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 7 U.S. silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 8 U.S. silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 9 U.S. silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons) (Kilotons)
- TABLE 10 Canada silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 11 Canada silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 12 Canada silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 13 Mexico silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 14 Mexico silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 15 Mexico silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 16 Europe silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 17 Europe silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 18 Europe silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 19 Germany silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 20 Germany silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 21 Germany silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 22 UK silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 23 UK silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 24 UK silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 25 France silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 26 France silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 27 France silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 28 Asia Pacific silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 29 Asia Pacific silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 30 Asia Pacific silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 31 China silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 32 China silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 33 China silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 34 Japan silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 35 Japan silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 36 Japan silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 37 South Korea silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 38 South Korea silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 39 South Korea silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 40 Latin America silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 41 Latin America silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 42 Latin America silicon carbide market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 43 Middle East & Africa silicon carbide market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 44 Middle East & Africa silicon carbide market estimates & forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
- TABLE 45 Middle East & Africa silicon carbide market estimates & forecasts, by application, 2021 - 2033 (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, 2021 - 2033 (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, 2025 & 2033
- FIG. 16 Silicon Carbide Market, By Application: Key Takeaways
- FIG. 17 Silicon Carbide Market, By Application: Market Share, 2025 & 2033
- FIG. 18 Silicon Carbide Market: Regional Analysis, 2025 & 2033
- FIG. 19 Silicon Carbide Market, By Region: Key Takeaways
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