Global Silicon Carbide (SIC) Market Growth 2025-2031

Global Silicon Carbide (SIC) Market Growth 2025-2031

The global Silicon Carbide (SIC) market size is predicted to grow from US$ 1697 million in 2025 to US$ 2027 million in 2031; it is expected to grow at a CAGR of 3.0% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Silicon Carbide (SIC) Industry Forecast” looks at past sales and reviews total world Silicon Carbide (SIC) sales in 2024, providing a comprehensive analysis by region and market sector of projected Silicon Carbide (SIC) sales for 2025 through 2031. With Silicon Carbide (SIC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Silicon Carbide (SIC) industry.

This Insight Report provides a comprehensive analysis of the global Silicon Carbide (SIC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Silicon Carbide (SIC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Silicon Carbide (SIC) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Silicon Carbide (SIC) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Silicon Carbide (SIC).

This report presents a comprehensive overview, market shares, and growth opportunities of Silicon Carbide (SIC) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Black SiC
Green SiC

Segmentation by Application:
Metallurgical Industry
Refractory Industry
Abrasive Industry
Ceramic Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Silicon Carbide (SIC) market?

What factors are driving Silicon Carbide (SIC) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Silicon Carbide (SIC) market opportunities vary by end market size?

How does Silicon Carbide (SIC) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.