Silicon Carbide Market, by Product Type (Black SiC, Green SiC, and Others) by End-User (Steel & energy, Automotive, Aerospace & aviation, Military & defense, Electronics & semiconductors, Medical & healthcare, and Others), and by Region (North America, As

Silicon Carbide Market, by Product Type (Black SiC, Green SiC, and Others) by End-User (Steel & energy, Automotive, Aerospace & aviation, Military & defense, Electronics & semiconductors, Medical & healthcare, and Others), and by Region (North America, Asia Pacific, Europe, and Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Silicon Carbide is typically used for finishing cast iron, non-ferrous metals, stone, lather, and rubber the sharp cutting characteristics of black silicon carbide is anticipated to give an uptick to its demand during the projection period. High thermal conductivity, and energy efficiency of silicon carbide drives the global silicon carbide market to a substantial growth during the forecast period.
Market Dynamics
Robust growth in the steel industry due to the increasing production of steel is a prime factor driving the market growth of the silicon carbide. Silicon carbide (SiC) is used as a deoxidizing agent in steel production. According to the India Brand Equity Foundation, India was the world’s second-largest steel producer with production standing at 111.2 million tons (MT) in 2021. The growth in the Indian steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labor.

However, the high cost of the silicon carbide-based electronic devices due to low manufacturing volume and yield is affecting the demand for the product. This factor is expected to restrict the market growth of the silicon carbide over the forecast timeframe.
Key features of the study:
This report provides in-depth analysis of global Silicon Carbide market size (US$ Billion and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global Silicon Carbide market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study includes AGSCO Corporation, Carborundum Universal Ltd., Entegris Inc., ESD-SIC b.v., ESK-SIC GmbH, Gaddis Engineered Materials, Grindwell Norton Ltd., Norstel AB, Saint-Gobain Ceramics Materials GmbH, and Snam Abrasives Pvt. Ltd.
Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
The global Silicon Carbide market report caters to various stakeholders in this industry including investors, suppliers, global Silicon Carbide manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Silicon Carbide market
Detailed Segmentation:
Global Silicon Carbide Market, By Product Type:
Black SiC
Green SiC
Others
Global Silicon Carbide Market, By End-User:
Steel & energy
Automotive
Aerospace & aviation
Military & defense
Electronics & semiconductors
Medical & healthcare
Others
Global Silicon Carbide Market, By Region:
North America
By Product Type
Black SiC
Green SiC
Others
By End-User:
Steel & energy
Automotive
Aerospace & aviation
Military & defense
Electronics & semiconductors
Medical & healthcare
Others
Europe
By Product Type
Black SiC
Green SiC
Others
By End-User:
Steel & energy
Automotive
Aerospace & aviation
Military & defense
Electronics & semiconductors
Medical & healthcare
Others
Asia Pacific
By Product Type
Black SiC
Green SiC
Others
By End-User:
Steel & energy
Automotive
Aerospace & aviation
Military & defense
Electronics & semiconductors
Medical & healthcare
Others
Rest of the World
By Product Type
Black SiC
Green SiC
Others
By End-User:
Steel & energy
Automotive
Aerospace & aviation
Military & defense
Electronics & semiconductors
Medical & healthcare
Others
Company Profiles
AGSCO Corporation*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Carborundum Universal Ltd.
Entegris Inc.
ESK-SIC GmbH
Gaddis Engineered Materials
Grindwell Norton Ltd.
Norstel AB
Saint-Gobain Ceramics Materials GmbH
Snam Abrasives Pvt. Ltd.
“*” marked represents similar segmentation in other categories in the respective.