Silicon Carbide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Silicon Carbide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • November 2021 •
  • 145 pages •
  • Report ID: 6185644 •
  • Format: PDF
The global silicon carbide market exhibited strong growth during 2015-2020.

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. Looking forward, the analyst expects the global Silicon Carbide market to grow at a CAGR of 16.5% during the forecast period (2021-2026).

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global silicon carbide market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.

Breakup by Product:
Black Silicon Carbide
Green Silicon Carbide

Breakup by Application:
Military and Defense
Electrical and Electronics

Breakup by Region:
North America
United States
South Korea
United Kingdom
Latin America
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:
How has the global silicon carbide market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global silicon carbide market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global silicon carbide market and who are the key players?
What is the degree of competition in the industry?