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PUBLISHER: IMARC | PRODUCT CODE: 1379007
PUBLISHER: IMARC | PRODUCT CODE: 1379007
Silicon Carbide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 139 Pages
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Abstract
The global silicon carbide market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2022-2028.
Silicon carbide (SiC), or carborundum, is a deoxidizing agent consisting of silicon and carbon used for the production of steel. It usually occurs as rare mineral moissanite and can be artificially synthesized in the form of SiC powder. It is commonly used in the manufacturing of automobile brakes, clutches, light-emitting diodes (LEDs), detectors, ceramic plates and bulletproof jackets and vests. In comparison to the traditionally used silicomanganese or ferrosilicon, silicon carbide has high thermal conductivity, resistance to abrasion and corrosion from acids and produces lesser sulfur, aluminum and nitrogen content. As a result, it finds extensive applications across various industries, including aviation, aerospace, medical, electronic, defense, automotive and telecommunication.
Significant growth in the steel industry across the globe is one of the key factors creating a positive outlook for the market. SiC is extensively used in the production of stainless steel as it enhances the yield rate and purifies molten steel. Moreover, widespread product adoption for the manufacturing of various semiconductors and other electronic components is providing a thrust to the market growth. It can function in high voltage and temperature conditions and is thereby also used to manufacture electronic vehicles (EVs). It aids in reducing the weight of the automobiles and improving overall efficiency. Other factors, including the increasing utilization of SiC devices in cellular base stations and radio-frequency operations, along with the implementation of favorable government policies promoting the use of renewable energy resources for power generation, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global silicon carbide market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.
Breakup by Product:
Black Silicon Carbide
Green Silicon Carbide
Others
Breakup by Application:
Steel
Automotive
Aerospace
Military and Defense
Electrical and Electronics
Healthcare
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGSCO Corp, Carborundum Universal Limited (Murugappa Group), Compagnie de Saint-Gobain S.A., Cree Inc., Entegris Inc., ESK-SIC GmbH, Fuji Electric Co. Ltd., General Electric Company, Genesic Semiconductor Inc., Infineon Technologies AG, Renesas Electronics Corporation and SNAM Abrasives Pvt Ltd.
Key Questions Answered in This Report
- 1. How big is the global silicon carbide market?
- 2. What is the expected growth rate of the global silicon carbide market during 2023-2028?
- 3. What are the key factors driving the global silicon carbide market?
- 4. What has been the impact of COVID-19 on the global silicon carbide market?
- 5. What is the breakup of the global silicon carbide market based on the product?
- 6. What is the breakup of the global silicon carbide market based on the application?
- 7. What are the key regions in the global silicon carbide market?
- 8. Who are the key players/companies in the global silicon carbide market?
Product Code: SR112023A3844
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Silicon Carbide Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Black Silicon Carbide
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Green Silicon Carbide
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Steel
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Automotive
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Aerospace
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Military and Defense
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Electrical and Electronics
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Healthcare
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Others
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 AGSCO Corp
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Carborundum Universal Limited (Murugappa Group)
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.3 Compagnie de Saint-Gobain S.A.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Cree Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Entegris Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.6 ESK-SIC GmbH
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Fuji Electric Co. Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 General Electric Company
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Genesic Semiconductor Inc.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Infineon Technologies AG
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.11 Renesas Electronics Corporation
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.12 SNAM Abrasives Pvt Ltd
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.1 AGSCO Corp
Product Code: SR112023A3844
List of Figures
- Figure 1: Global: Silicon Carbide Market: Major Drivers and Challenges
- Figure 2: Global: Silicon Carbide Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Silicon Carbide Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Silicon Carbide Market: Breakup by Product (in %), 2022
- Figure 5: Global: Silicon Carbide Market: Breakup by Application (in %), 2022
- Figure 6: Global: Silicon Carbide Market: Breakup by Region (in %), 2022
- Figure 7: Global: Silicon Carbide (Black Silicon Carbide) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Silicon Carbide (Black Silicon Carbide) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Silicon Carbide (Green Silicon Carbide) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Silicon Carbide (Green Silicon Carbide) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Silicon Carbide (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Silicon Carbide (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Silicon Carbide (Steel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Silicon Carbide (Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Silicon Carbide (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Silicon Carbide (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Silicon Carbide (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Silicon Carbide (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Silicon Carbide (Military and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Silicon Carbide (Military and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Silicon Carbide (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Silicon Carbide (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Silicon Carbide (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Silicon Carbide (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Silicon Carbide (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Silicon Carbide (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: North America: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: North America: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: United States: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: United States: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Canada: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Canada: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Asia-Pacific: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Asia-Pacific: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: China: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: China: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Japan: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Japan: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: India: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: India: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: South Korea: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: South Korea: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Australia: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Australia: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Indonesia: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Indonesia: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Others: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Others: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Europe: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Europe: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Germany: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Germany: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: France: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: France: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: United Kingdom: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: United Kingdom: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Italy: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Italy: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Spain: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Spain: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Russia: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Russia: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Latin America: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Latin America: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Brazil: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Brazil: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Mexico: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Mexico: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Others: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Others: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Middle East and Africa: Silicon Carbide Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Middle East and Africa: Silicon Carbide Market: Breakup by Country (in %), 2022
- Figure 75: Middle East and Africa: Silicon Carbide Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Global: Silicon Carbide Industry: SWOT Analysis
- Figure 77: Global: Silicon Carbide Industry: Value Chain Analysis
- Figure 78: Global: Silicon Carbide Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Silicon Carbide Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Silicon Carbide Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Silicon Carbide Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Silicon Carbide Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Silicon Carbide Market: Competitive Structure
- Table 6: Global: Silicon Carbide Market: Key Players
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