Global Silicon Carbide (SIC) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Silicon Carbide (SIC) market size was valued at US$ 1740 million in 2024 and is forecast to a readjusted size of USD 2110 million by 2031 with a CAGR of 2.8% during review period.

Silicon carbide, occuring in nature as the extremely rare mineral moissanite, is a compound of silicon and carbon with chemical formula SiC.

Silicon carbide has the following properties and these properties make silicon carbide an outstanding abrasive and ceramic material to be used under extreme operating conditions.

Global Silicon Carbide (SIC) key players include Ningxia Tianjing, Lanzhou Heqiao, Cumi Murugappa, Washington Mills, etc. Global top four manufacturers hold a share about 20%.

Asia-Pacific is the largest market, with a share over 55%, followed by Europe, and North America, both have a share about 40 percent.

In terms of product, Black SiC is the largest segment, with a share over 90%. And in terms of application, the largest application is Metallurgical Industrial, followed by Refractory Industrial, Abrasive Industrial, Ceramic Industrial, etc.

This report is a detailed and comprehensive analysis for global Silicon Carbide (SIC) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Silicon Carbide (SIC) market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2020-2031

Global Silicon Carbide (SIC) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2020-2031

Global Silicon Carbide (SIC) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2020-2031

Global Silicon Carbide (SIC) market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (US$/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Silicon Carbide (SIC)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Silicon Carbide (SIC) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Fiven, Ningxia Tianjing, Lanzhou Heqiao, Tianzhu Yutong, Cumi Murugappa, Elsid S.A, Washington Mills, ESD-SIC, Erdos, Ningxia Jinjing, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Silicon Carbide (SIC) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Black SiC
Green SiC

Market segment by Application
Metallurgical Industry
Refractory Industry
Abrasive Industry
Ceramic Industry
Others

Major players covered
Fiven
Ningxia Tianjing
Lanzhou Heqiao
Tianzhu Yutong
Cumi Murugappa
Elsid S.A
Washington Mills
ESD-SIC
Erdos
Ningxia Jinjing
Elmet
Snam Abrasives
ESK-SIC
Navarro
Pacific Rundum
Zaporozhsky Abrasivny Combinat
Yakushima Denko
Yicheng New Energy
Xinjiang Longhai
Sublime

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Silicon Carbide (SIC) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Silicon Carbide (SIC), with price, sales quantity, revenue, and global market share of Silicon Carbide (SIC) from 2020 to 2025.

Chapter 3, the Silicon Carbide (SIC) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Silicon Carbide (SIC) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Silicon Carbide (SIC) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Silicon Carbide (SIC).

Chapter 14 and 15, to describe Silicon Carbide (SIC) sales channel, distributors, customers, research findings and conclusion.