A Silicon Carbide Market, by Product Type (Black SiC, Green SiC, and Others), by End User (Steel & energy

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 - 2030

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 2020. As silicon carbide acts as a deoxidizing agent in steel production, its demand is increasing day by day in steel producing industry.

Increasing global demand for EVs due rapid adoption of zero-emission technologies is expected to drive the demand for silicon carbide. According to Global EV Outlook, 2021 by the International Energy Agency (IEA), registrations of electric cars increased by 41% in 2020, and around 3 million electric cars were sold globally. The rapid adoption of EV vehicles over fuel-based vehicles can play an important role in achieving the target of limiting the global temperature rise to 1.5°C, above pre-industrial times as decided in the Paris Agreement by the United Nations (UN).

However, the adoption of EVs must be supplemented with increasing investments in the construction of EV charging stations. The government of America has allocated capital of US$ 15 billion to build 500,000 EV charging stations. Similarly, on 10 April 2020, the Government of China invested US$ 1.42 billion (RMB 10 billion) to expand the charging network for EVs by 50% within the country. Around 600,000 charging points were established in 2020. Silicon carbide is used in EV charging infrastructure to deliver higher voltages and a higher level of power as compared to a silicon-based charging infrastructure. A SiC fast DC charging solution can deliver 33% more power in 25% of the area, and with 50% lower losses.

Key features of the study:

  • This report provides an in-depth analysis of global silicon carbide market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), 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 about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key 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 management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global silicon carbide market report caters to various stakeholders in this industry including investors, suppliers, safety knives 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
U.S.

Canada
  • Europe
U.K.

Germany

Italy

France

Spain

Russia

Rest of Europe
  • Asia Pacific
China

India

Japan

ASEAN

Australia

South Korea

Rest of Asia Pacific
  • Latin America
Brazil

Argentina

Mexico

Rest of Latin America
  • Middle East & Africa
Middle East

Africa
  • 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


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By End User
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Silicon Carbide Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting Global Silicon Carbide Market – COVID-19
Impact Analysis
5. Global Silicon Carbide Market, By Product Type, 2017-2030 (US$ Million)
Introduction
Market Share Analysis, 2022, 2025, and 2030 (%)
Y-o-Y Growth Analysis, 2017 - 2030
Segment Trends
Black SiC
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
Green SiC
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
6. Global Silicon Carbide Market, By End User, 2017-2030 (US$ Million)
Introduction
Market Share Analysis, 2022, 2025, and 2030 (%)
Y-o-Y Growth Analysis, 2017 - 2030
Segment Trends
Steel & Energy
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
Aerospace & Aviation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
Military & Defense
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
Electronics & Semiconductors
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
Medical & Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
7. Global Silicon Carbide Market, By Region, 2017-2030 (US$ Million)
Introduction
Market Share Analysis, By Region, 2022, 2025, and 2030 (%)
Y-o-Y Growth Analysis, For Region, 2017 - 2030
North America
Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2017 – 2030
Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
Market Size and Forecast, By End User, 2017- 2030 (US$ Million)
Countries
U.S.
Canada
Europe
Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2017 – 2030
Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
Market Size and Forecast, By End User, 2017- 2030 (US$ Million)
Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest Of Europe
Asia Pacific
Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2017 – 2030
Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
Market Size and Forecast, By End User, 2017- 2030 (US$ Million)
Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2017 – 2030
Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
Market Size and Forecast, By End User, 2017- 2030 (US$ Million)
Countries
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2017 – 2030
Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
Market Size and Forecast, By End User, 2017- 2030 (US$ Million)
Countries
Middle East
Africa
8. Competitive Landscape
Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
AGSCO Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
Carborundum Universal Ltd.
Company Overview
Product Portfolio
Recent Developments/Updates
Entegris Inc.
Company Overview
Product Portfolio
Recent Developments/Updates
ESK-SIC GmbH
Company Overview
Product Portfolio
Recent Developments/Updates
Gaddis Engineered Materials
Company Overview
Product Portfolio
Recent Developments/Updates
Grindwell Norton Ltd
Company Overview
Product Portfolio
Recent Developments/Updates
Norstel AB
Company Overview
Product Portfolio
Recent Developments/Updates
Saint-Gobain Ceramics Materials GmbH
Company Overview
Product Portfolio
Recent Developments/Updates
Snam Abrasives Pvt. Ltd.
Company Overview
Product Portfolio
Recent Developments/Updates
9. Section
References
Research Methodology
About Us and Sales Contact
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