Global Silicon Carbide Market Size, Share, Trends, Industry Growth by Type (Black SiC, Green SiC), by Application (Steel, Automotive, Aerospace, Military & Defense, Electrical & Electronics, Healthcare, Others), by Region, and Forecast to 2027

Price: 3600/- USD | Last Updated: April 12th, 2022

The global silicon carbide market size is expected to witness a significant CAGR of over 16% during the forecast period 2022 to 2028.   The sustainable demand for silicon carbide in the steel industry as a deoxidizing agent and the growing consumption of steel around the world are some of the major factors to drive the market growth. Furthermore, the growing automotive industry and the increasing penetration of electrical vehicles are further anticipated to fuel the market over the forecast period. Moreover, the increasing production of steel across the globe and the increasing construction activities around the world are expected to drive the market growth.

Market Insights:

The global silicon carbide market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into black silicon carbide and green silicon carbide. The black silicon carbide segment dominated the global market in 2021 and is expected to hold the largest revenue share of over half of the market by the end of the analysis period. The growing consumption of steel in various end-use industries is one of the prominent factors to drive the segment growth. Furthermore, the continuous growth in the automotive industry in developing economies and the growing construction activities around the world are expected to fuel the segment growth over the forecast period.

On the basis of application, the global silicon carbide market is bifurcated into steel, automotive, aerospace, military & defense, electrical & electronics, healthcare, and others. The electric and electronics segment is accounted to grow at the fastest growth rate over the forecast period. The increasing penetration of power modules in semiconductors is one of the prominent factor driving the segment growth. The semiconductors fabricated on silicon carbide possess a wider band-gap, better thermal conductivity, and an improved critical electric field. Furthermore, the increasing demand for next-generation semiconductor devices in various industrial applications is further anticipated to fuel the segment growth over the forecast period.

To know more about the study, request sample papers

The silicon carbide comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The silicon carbide market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Global Silicon Carbide Market Segmentation:

Silicon Carbide Market Segmentation by Type:

  • Black Silicon Carbide
  • Green Silicon Carbide

Silicon Carbide Market Segmentation by Application:

  • Steel
  • Automotive
  • Aerospace
  • Military & Defense
  • Electrical & Electronics
  • Healthcare
  • Others

Silicon Carbide Market Segmentation by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Silicon Carbide Market: Geographic Coverage

Geographically, the Asia Pacific dominated the global silicon carbide market in 2021 and is expected to hold the largest revenue share of around the two-third market share by the end of the analysis period. The increasing investment in infrastructure projects and the increasing number of housing projects due to the increasing population are some of the major factors to drive the market growth in the region. Furthermore, the increasing production of electrical vehicles in developing economies is further expected to boost the market growth in the Asia Pacific. On the flip side, the rising focus of automobile manufacturers to provide lightweight vehicles is expected to drive the market growth in North America at a significant CAGR over the forecast period.

Silicon Carbide Market: Competitive Assessment

Some of the major market players operating in the global silicon carbide market are AGSCO Corporation, Dow Chemical Co., Carborundum Universal Limited, Entegris, Inc., and ESK-SIC GmbH. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • AGSCO Corporation
  • Dow Chemical Co.
  • Carborundum Universal Limited
  • Entegris, Inc.
  • ESK-SIC GmbH
  • ESD-SIC b.v.
  • Grindwell Norton Ltd.
  • Saint Gobain Ceramic Materials GmbH
  • Cree Inc.
  • Fuji Electric Co. Ltd.

Key Questions Answered by Silicon Carbide Market Report

  • Global silicon carbide market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Silicon carbide submarket forecasts from 2022-2028 covering the market by type, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level silicon carbide markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Silicon Carbide Market Portraiture
2.2. Global Silicon Carbide Market, by Type, 2021 (USD Mn)
2.3. Global Silicon Carbide Market, by Application, 2021 (USD Mn)
2.4. Global Silicon Carbide Market, by Geography, 2021 (USD Mn)

 

3. Global Silicon Carbide Market Analysis


3.1. Silicon Carbide Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Silicon Carbide Market By Type, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Black Silicon Carbide
4.3. Green Silicon Carbide

 

5. Global Silicon Carbide Market By Application, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Steel
5.3. Automotive
5.4. Aerospace
5.5. Military & Defense
5.6. Electrical & Electronics
5.7. Healthcare
5.8. Others

 

6. North America Silicon Carbide Market Analysis and Forecast, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. North America Silicon Carbide Market by Type (2019-2028 USD Mn)
6.3. North America Silicon Carbide Market by Application (2019-2028 USD Mn)
6.4. North America Silicon Carbide Market by Country (2019-2028 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Silicon Carbide Market by Type (2019-2028 USD Mn)
6.4.1.2. U.S. Silicon Carbide Market by Application (2019-2028 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Silicon Carbide Market by Type (2019-2028 USD Mn)
6.4.2.2. Canada Silicon Carbide Market by Application (2019-2028 USD Mn)

 

7. Europe Silicon Carbide Market Analysis and Forecast, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. Europe Silicon Carbide Market by Type (2019-2028 USD Mn)
7.3. Europe Silicon Carbide Market by Application (2019-2028 USD Mn)
7.4. Europe Silicon Carbide Market by Country (2019-2028 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Silicon Carbide Market by Type (2019-2028 USD Mn)
7.4.1.2. Germany Silicon Carbide Market by Application (2019-2028 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Silicon Carbide Market by Type (2019-2028 USD Mn)
7.4.2.2. U.K. Silicon Carbide Market by Application (2019-2028 USD Mn)
7.4.3. France
7.4.3.1. France Silicon Carbide Market by Type (2019-2028 USD Mn)
7.4.3.2. France Silicon Carbide Market by Application (2019-2028 USD Mn)
7.4.4. Italy
7.4.4.1. Italy Silicon Carbide Market by Type (2019-2028 USD Mn)
7.4.4.2. Italy Silicon Carbide Market by Application (2019-2028 USD Mn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe Silicon Carbide Market by Type (2019-2028 USD Mn)
7.4.5.2. Rest of Europe Silicon Carbide Market by Application (2019-2028 USD Mn)

 

8. Asia Pacific Silicon Carbide Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. Asia Pacific Silicon Carbide Market by Type (2019-2028 USD Mn)
8.3. Asia Pacific Silicon Carbide Market by Application (2019-2028 USD Mn)
8.4. Asia Pacific Silicon Carbide Market by Country (2019-2028 USD Mn)
8.4.1. China
8.4.1.1. China Silicon Carbide Market by Type (2019-2028 USD Mn)
8.4.1.2. China Silicon Carbide Market by Application (2019-2028 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Silicon Carbide Market by Type (2019-2028 USD Mn)
8.4.2.2. Japan Silicon Carbide Market by Application (2019-2028 USD Mn)
8.4.3. Rest of Asia Pacific
8.4.3.1. Rest of Asia Pacific Silicon Carbide Market by Type (2019-2028 USD Mn)
8.4.3.2. Rest of Asia Pacific Silicon Carbide Market by Application (2019-2028 USD Mn)

 

9. Latin America (LATAM) Silicon Carbide Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. Latin America Silicon Carbide Market by Type (2019-2028 USD Mn)
9.3. Latin America Silicon Carbide Market by Application (2019-2028 USD Mn)
9.4. Latin America Silicon Carbide Market by Country (2019-2028 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Silicon Carbide Market by Type (2019-2028 USD Mn)
9.4.1.2. Brazil Silicon Carbide Market by Application (2019-2028 USD Mn)
9.4.2. Mexico
9.4.2.1. Mexico Silicon Carbide Market by Type (2019-2028 USD Mn)
9.4.2.2. Mexico Silicon Carbide Market by Application (2019-2028 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Silicon Carbide Market by Type (2019-2028 USD Mn)
9.4.3.2. Rest of Latin America Silicon Carbide Market by Application (2019-2028 USD Mn)

 

10. Middle East and Africa Silicon Carbide Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1. Overview
10.2. MEA Silicon Carbide Market by Type (2019-2028 USD Mn)
10.3. MEA Silicon Carbide Market by Application (2019-2028 USD Mn)
10.4. Middle East and Africa Silicon Carbide Market, by Country (2019-2028 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Silicon Carbide Market by Type (2019-2028 USD Mn)
10.4.1.2. GCC Silicon Carbide Market by Application (2019-2028 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Silicon Carbide Market by Type (2019-2028 USD Mn)
10.4.2.2. South Africa Silicon Carbide Market by Application (2019-2028 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Silicon Carbide Market by Type (2019-2028 USD Mn)
10.4.3.2. Rest of MEA Silicon Carbide Market by Application (2019-2028 USD Mn)

 

11. Company Profiles


11.1. AGSCO Corporation
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Dow Chemical Co.
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Carborundum Universal Limited
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Entegris, Inc.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. ESK-SIC GmbH
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. ESD-SIC b.v.
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Grindwell Norton Ltd.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Saint Gobain Ceramic Materials GmbH
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Cree Inc.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Fuji Electric Co. Ltd.
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
Fill the given form to inquiry before buying for Global Silicon Carbide Market Size, Share, Trends, Industry Growth by Type (Black SiC, Green SiC), by Application (Steel, Automotive, Aerospace, Military & Defense, Electrical & Electronics, Healthcare, Others), by Region, and Forecast to 2027 Market Report

(Additional country analysis and conmapny analysis will be added according to the request, we provide free report customization)
(Report covers the impact of COVID-19 on the market)

Request Report Sample
Inquiry Before Buying


Select License Type
$ 3600/- Single User License
$ 4800/- Multi User License
$ 6800/- Corporate License

Paypal Certified Payment
Why To Choose Us:
  • Markets in over 100+ countries analyzed granularly
  • 35% of our total client are returning clients
  • 1000+ customers globally
  • 100+ paid data sources mined to bring cutting-edge insights
  • 24x5 availability - we are always there when you need us
  • "Free of Cost Report Customization" is available
  • Request a regional report at Best Price
  • Our expert team will assist you with all research need and customization
  • Our expert research analysts will resolve your every query before and after purchasing the report

Impacts of COVID-19
COVID-19 Impact on the Global Silicon Carbide Market Size, Share, Trends, Industry Growth by Type (Black SiC, Green SiC), by Application (Steel, Automotive, Aerospace, Military & Defense, Electrical & Electronics, Healthcare, Others), by Region, and Forecast to 2027 Market


Our Clients