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PUBLISHER: IMARC | PRODUCT CODE: 1820434
PUBLISHER: IMARC | PRODUCT CODE: 1820434
Silicon Carbide Market Size, Share, Trends and Forecast by Product, Application, and Region, 2025-2033
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PAGES: 150 Pages
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The global silicon carbide market size reached USD 6.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.9% during 2025-2033.
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:
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 2025-2033?
- 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: SR112025A3844
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: SR112025A3844
List of Figures
- Figure 1: Global: Silicon Carbide Market: Major Drivers and Challenges
- Figure 2: Global: Silicon Carbide Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Silicon Carbide Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Silicon Carbide Market: Breakup by Product (in %), 2024
- Figure 5: Global: Silicon Carbide Market: Breakup by Application (in %), 2024
- Figure 6: Global: Silicon Carbide Market: Breakup by Region (in %), 2024
- Figure 7: Global: Silicon Carbide (Black Silicon Carbide) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 8: Global: Silicon Carbide (Black Silicon Carbide) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 9: Global: Silicon Carbide (Green Silicon Carbide) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Silicon Carbide (Green Silicon Carbide) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Silicon Carbide (Other Products) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Silicon Carbide (Other Products) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Silicon Carbide (Steel) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Silicon Carbide (Steel) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Silicon Carbide (Automotive) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Silicon Carbide (Automotive) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Silicon Carbide (Aerospace) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Silicon Carbide (Aerospace) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Silicon Carbide (Military and Defense) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Silicon Carbide (Military and Defense) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Silicon Carbide (Electrical and Electronics) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Silicon Carbide (Electrical and Electronics) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Silicon Carbide (Healthcare) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Silicon Carbide (Healthcare) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Global: Silicon Carbide (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: Silicon Carbide (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: North America: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: North America: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: United States: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: United States: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Canada: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Canada: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Asia-Pacific: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Asia-Pacific: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: China: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: China: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: Japan: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: Japan: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: India: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: India: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: South Korea: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: South Korea: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Australia: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Australia: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Indonesia: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Indonesia: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: Others: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: Others: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Europe: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Europe: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: Germany: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: Germany: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: France: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: France: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: United Kingdom: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: United Kingdom: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Italy: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Italy: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Spain: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Spain: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Russia: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Russia: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Others: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Others: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Latin America: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Latin America: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Brazil: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Brazil: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Mexico: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Mexico: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Others: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Others: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Middle East and Africa: Silicon Carbide Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Middle East and Africa: Silicon Carbide Market: Breakup by Country (in %), 2024
- Figure 75: Middle East and Africa: Silicon Carbide Market Forecast: Sales Value (in Million USD), 2025-2033
- 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, 2024 and 2033
- Table 2: Global: Silicon Carbide Market Forecast: Breakup by Product (in Million USD), 2025-2033
- Table 3: Global: Silicon Carbide Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 4: Global: Silicon Carbide Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 5: Global: Silicon Carbide Market: Competitive Structure
- Table 6: Global: Silicon Carbide Market: Key Players
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