Global High Purity SiC Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global High Purity SiC Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

High-purity SiC powder is a silicon carbide product with a purity of 2N and above. High purity silicon carbide (SiC) powder is a lightweight ceramic material with high strength properties comparable to diamond. It has excellent thermal conductivity, low thermal expansion, and is resistant to corrosion from acids. Silicon carbide is an excellent ceramic material for applications requiring good erosion and brasive resistance. The characteristics of silicon carbide such as higher breakdown electric field strength, wider band gap, lower thermal expansion, and resistance to chemical reaction, enable it to gain an edge over traditional silicon semiconductors in the power semiconductors sector.

Market Overview:

The latest research study on the global High Purity SiC Powder market finds that the global High Purity SiC Powder market reached a value of USD 77.08 million in 2022. It’s expected that the market will achieve USD 135.27 million by 2028, exhibiting a CAGR of 9.83% during the forecast period.

High Purity SiC Powder Market Trends

Asia Pacific becomes an important strategic market
As an emerging economy and a region with a large population, the Asia-Pacific region will have a very large demand for silicon carbide powder. The key growth driver for the high-purity SiC powder market is the growing use of high-power electronic semiconductor devices. Growing applications in industrial processes are expected to drive the global high-purity SiC powder market. Asia Pacific accounted for a larger share of sales in 2019 at approximately 48.0% due to growing demand from the electronics and semiconductor industries. Countries including South Korea, Taiwan, Japan and China are among the top ten semiconductor producers in the world. The Asia-Pacific region accounts for more than 45% of the global semiconductor production share. Positive trends in the production of consumer electronics, industrial electronics, computer hardware, electronic components, new energy, and LEDs in Asia-
Pacific countries are expected to favor the long-term growth of the market. For example, according to the Ministry of Electronics and Information Technology (MeitY), the production value of electronics in India increased from $24.24 billion in 2014 to $76.80 billion in 2019. This will stimulate the demand for high-purity SiC powder in the Asia-Pacific region. The Asia-Pacific region will become an important strategic market, and the competition of enterprises in the Asia-Pacific region will become fierce.

Region Overview:

North America was the largest revenue market with a market share of 41.38% in 2017 and 43.60%
in 2021, an increase of 2.22%.

Company Overview

The top three companies are Fiven, Washington Mills and Pacific Rundum with the revenue market share of 13.95%, 8.82% and 6.02% in 2021.

Segmentation Overview:

Among different product types, 99% (2N) segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Ceramic segment occupied the biggest share from 2017 to 2022.

Key Companies in the global High Purity SiC Powder market covered in Chapter 3:

Mayaterials
USI (Acme Electronics)
Fiven
Hongwu International
ALB Materials
Tongrun Nano
Pacific Rundum
Washington Mills
CoorsTek Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the High Purity SiC Powder market from 2018 to 2029 is primarily split into:

99% (2N)
99.9% (3N)
99.99% (4N)
99.999% (5N)
99.9999% (6N)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the High Purity SiC Powder market from 2018 to 2029 covers:

Ceramic
Semiconductor
Material Processing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)