The global Silicon Carbide market generated USD 3.69 billion revenue in 2023 and is projected to grow at a CAGR of 11.82% from 2024 to 2033. The market is expected to reach USD 11.28 billion by 2033. The expansion in production within both ferrous and non-ferrous industries is poised to fuel the demand for refractory materials, driving the demand for the silicon carbide industry. Furthermore, the rising adoption of silicon carbide devices in radio-frequency operations and cellular base stations and supportive government policies advocating for using renewable energy sources in power generation are projected to push market development over the forecast years.
Silicon Carbide (SiC) is a versatile semiconductor material consisting of silicon (Si) and carbon (C). It is known for its unique properties, including high hardness, thermal conductivity, and chemical inertness. SiC has a wide bandgap, which makes it highly suitable for high-power, high-temperature applications. SiC is a semiconductor material in electronic devices, offering advantages over traditional silicon-based devices. Its wide bandgap allows SiC devices to operate at higher temperatures and voltages with lower leakage currents, improving efficiency and performance. SiC-based devices are used in power electronics, radio-frequency (RF) amplifiers and high-temperature sensors. Moreover, SiC has excellent mechanical properties, making it useful in abrasive and cutting applications. Because of its high thermal stability and hardness, SiC is employed in manufacturing abrasives, cutting tools, and refractory materials.
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1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Device
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Demand from power electronics industry
5.3. Restraints
5.3.1. High manufacturing cost
5.4. Opportunities
5.4.1. Expansion of renewable energy infrastructure
5.5. Challenges
5.5.1. Yield Rates and Process Consistency
6. Global Silicon Carbide Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Black Silicon Carbide
6.3. Green Silicon Carbide
7. Global Silicon Carbide Market Analysis and Forecast, By Device
7.1. Segment Overview
7.2. SiC Discrete
7.3. SiC Bare Die
7.4. SiC Module
8. Global Silicon Carbide Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Automotive
8.3. Aerospace
8.4. Electrical & Electronics
8.5. Healthcare
8.6. Military & Defense
8.7. Steel
8.8. Others
9. Global Silicon Carbide Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Silicon Carbide Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Silicon Carbide Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. AGSCO Corporation
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Blasch Percision Ceramics Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Carborundum Universal Limited
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Coorstek
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Christy Refractories
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Entegris, Inc.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. ESD-SIC b.v.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. ESK-SIC GmbH
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Fuji Electric Co., Ltd.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. General Electric Company
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Gaddis Engineered Materials
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Grindwell Norton Ltd.
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. GeneSiC Semiconductor, Inc.
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Infineon Technologies AG
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Imerys
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. Keith Company
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Microsemi
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. Microchip Technology Inc.
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
11.19. Morgan Technical Ceramics
11.19.1. Business Overview
11.19.2. Company Snapshot
11.19.3. Company Market Share Analysis
11.19.4. Company Product Portfolio
11.19.5. Recent Developments
11.19.6. SWOT Analysis
11.20. Navarro SiC
11.20.1. Business Overview
11.20.2. Company Snapshot
11.20.3. Company Market Share Analysis
11.20.4. Company Product Portfolio
11.20.5. Recent Developments
11.20.6. SWOT Analysis
11.21. Onsemi
11.21.1. Business Overview
11.21.2. Company Snapshot
11.21.3. Company Market Share Analysis
11.21.4. Company Product Portfolio
11.21.5. Recent Developments
11.21.6. SWOT Analysis
11.22. Renesas Electronics Corporation
11.22.1. Business Overview
11.22.2. Company Snapshot
11.22.3. Company Market Share Analysis
11.22.4. Company Product Portfolio
11.22.5. Recent Developments
11.22.6. SWOT Analysis
11.23. ROHM Co., Ltd.
11.23.1. Business Overview
11.23.2. Company Snapshot
11.23.3. Company Market Share Analysis
11.23.4. Company Product Portfolio
11.23.5. Recent Developments
11.23.6. SWOT Analysis
11.24. SNAM Abrasives Pvt. Ltd.
11.24.1. Business Overview
11.24.2. Company Snapshot
11.24.3. Company Market Share Analysis
11.24.4. Company Product Portfolio
11.24.5. Recent Developments
11.24.6. SWOT Analysis
11.25. SK Siltron Co., Ltd.
11.25.1. Business Overview
11.25.2. Company Snapshot
11.25.3. Company Market Share Analysis
11.25.4. Company Product Portfolio
11.25.5. Recent Developments
11.25.6. SWOT Analysis
11.26. STMelectronics
11.26.1. Business Overview
11.26.2. Company Snapshot
11.26.3. Company Market Share Analysis
11.26.4. Company Product Portfolio
11.26.5. Recent Developments
11.26.6. SWOT Analysis
11.27. Saint Gobain
11.27.1. Business Overview
11.27.2. Company Snapshot
11.27.3. Company Market Share Analysis
11.27.4. Company Product Portfolio
11.27.5. Recent Developments
11.27.6. SWOT Analysis
11.28. Toshiba Corporation
11.28.1. Business Overview
11.28.2. Company Snapshot
11.28.3. Company Market Share Analysis
11.28.4. Company Product Portfolio
11.28.5. Recent Developments
11.28.6. SWOT Analysis
11.29. Washington Mills
11.29.1. Business Overview
11.29.2. Company Snapshot
11.29.3. Company Market Share Analysis
11.29.4. Company Product Portfolio
11.29.5. Recent Developments
11.29.6. SWOT Analysis
11.30. Wolfspeed, Inc.
11.30.1. Business Overview
11.30.2. Company Snapshot
11.30.3. Company Market Share Analysis
11.30.4. Company Product Portfolio
11.30.5. Recent Developments
11.30.6. SWOT Analysis
List of Table
1. Global Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
2. Global Black Silicon Carbide, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
3. Global Green Silicon Carbide, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
4. Global Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
5. Global SiC Discrete, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
6. Global SiC Bare Die, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
7. Global SiC Module, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
8. Global Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
9. Global Automotive, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
10. Global Aerospace, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
11. Global Electrical & Electronics, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
12. Global Healthcare, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
13. Global Military & Defense, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
14. Global Steel, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
15. Global Others, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
16. Global Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
17. North America Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
18. North America Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
19. North America Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
20. U.S. Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
21. U.S. Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
22. U.S. Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
23. Canada Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
24. Canada Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
25. Canada Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
26. Mexico Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
27. Mexico Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
28. Mexico Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
29. Europe Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
30. Europe Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
31. Europe Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
32. Germany Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
33. Germany Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
34. Germany Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
35. France Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
36. France Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
37. France Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
38. U.K. Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
39. U.K. Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
40. U.K. Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
41. Italy Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
42. Italy Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
43. Italy Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
44. Spain Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
45. Spain Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
46. Spain Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
47. Asia Pacific Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
48. Asia Pacific Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
49. Asia Pacific Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
50. Japan Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
51. Japan Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
52. Japan Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
53. China Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
54. China Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
55. China Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
56. India Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
57. India Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
58. India Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
59. South America Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
60. South America Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
61. South America Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
62. Brazil Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
63. Brazil Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
64. Brazil Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
65. Middle East and Africa Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
66. Middle East and Africa Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
67. Middle East and Africa Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
68. UAE Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
69. UAE Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
70. UAE Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
71. South Africa Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
72. South Africa Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
73. South Africa Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
List of Figures
1. Global Silicon Carbide Market Segmentation
2. Silicon Carbide Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Silicon Carbide Market Attractiveness Analysis By Product
9. Global Silicon Carbide Market Attractiveness Analysis By Device
10. Global Silicon Carbide Market Attractiveness Analysis By Application
11. Global Silicon Carbide Market Attractiveness Analysis by Region
12. Global Silicon Carbide Market: Dynamics
13. Global Silicon Carbide Market Share By Product (2024 & 2033)
14. Global Silicon Carbide Market Share By Device (2024 & 2033)
15. Global Silicon Carbide Market Share By Application (2024 & 2033)
16. Global Silicon Carbide Market Share by Regions (2024 & 2033)
17. Global Silicon Carbide Market Share by Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global Silicon Carbide market based on below-mentioned segments:
Global Silicon Carbide Market by Product:
Global Silicon Carbide Market by Device:
Global Silicon Carbide Market by Application:
Global Silicon Carbide Market by Region:
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In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
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