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    China Silicon Carbide Market

    ID: MRFR/CnM/45650-HCR
    111 Pages
    Chitranshi Jaiswal
    September 2025

    China Silicon Carbide Market Research Report: By Product Type (Black Silicon Carbide, Green Silicon Carbide) and By Application (Steel & Energy, Automotive, Aerospace & Aviation, Military & Defense, Electronics & Semiconductors, Medical & Healthcare) - Forecast to 2035

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    China Silicon Carbide Market Infographic
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    China Silicon Carbide Market Summary

    The China Silicon Carbide market is projected to experience substantial growth from 159.4 USD Million in 2024 to 430.3 USD Million by 2035.

    Key Market Trends & Highlights

    China Silicon Carbide Key Trends and Highlights

    • The market is expected to grow from 159.4 USD Million in 2024 to 430.3 USD Million by 2035.
    • The compound annual growth rate (CAGR) for the period from 2025 to 2035 is estimated at 9.45 percent.
    • This growth trajectory indicates a robust demand for silicon carbide in various applications across China.
    • Growing adoption of advanced semiconductor technologies due to increasing energy efficiency requirements is a major market driver.

    Market Size & Forecast

    2024 Market Size 159.4 (USD Million)
    2035 Market Size 430.3 (USD Million)
    CAGR (2025-2035) 9.45%

    Major Players

    Guangdong Daan Silicon Technology, Jiangxi Yichun Jinyuan Silicon, Siccast, Silicon Corporation of China, Kangsheng Technology, Shandong Huitong New Materials, Jiangxi Jinhui Silicon, Xiamen Powerway Advanced Material, Tianchuang Electronics, Ningbo Binhai New Materials, Zhengzhou Xinyu New Materials, Wuxi Dorecor Silicon Industry, Jiangxi Boda Silicon Industry, Gansu Jinchuan Group

    China Silicon Carbide Market Trends

    This initiative has led to a heightened interest in silicon carbide due to its superior thermal conductivity and efficiency in power electronics. Furthermore, the push for electric vehicles in China is fueling the demand for silicon carbide semiconductors, which are essential for improving battery performance and overall vehicle efficiency.

    Also, the growing electronics sector in China offers significant prospects for the silicon carbide market. As more companies are striving to improve the performance of consumer electronics, the need for more efficient materials that can withstand higher power levels is increasing. With the ongoing changes in the semiconductor industry, the use of silicon carbide will foster further miniaturization and augmentation of the performance of devices.

    Of late, there seems to be an observable shift towards domestic manufacturing of silicon carbide in China. The policy supports the development of domestic industries to decrease the reliance on imported products. This trend not only supports the local economy but also fosters innovation within the sector, providing a platform for Chinese companies to develop unique applications and create new products based on silicon carbide technology.

    This resurgence in local manufacturing and innovation indicates a robust future for the silicon carbide market in China, aligning with both industry demands and governmental objectives.

    Market Segment Insights

    Silicon Carbide Market Product Type Insights

    The China Silicon Carbide Market is characterized by a diverse range of product types, primarily including Black Silicon Carbide and Green Silicon Carbide. Black Silicon Carbide is known for its high hardness and thermal conductivity, making it an essential material in applications such as abrasives, refractory products, and cutting tools. Its significance is further accentuated as industries increasingly seek durable materials that can withstand extreme conditions, thereby driving demand in this segment.

    Green Silicon Carbide, on the other hand, is finer and purer, which allows it to be extensively used in the manufacture of high-quality grinding wheels and specialty abrasives. The growth of the automotive and electronics industries in China bolsters the need for Green Silicon Carbide due to its effectiveness in producing semiconductor devices and various electronic components. As innovation continues in manufacturing technologies, both product types are witnessing enhancements that cater to specific industry requirements, thereby creating ample opportunities for market expansion.

    The adaptability of these materials to a variety of end-use applications is a crucial driver behind their prominence within the China Silicon Carbide Market segmentation. Furthermore, the increasing focus on renewable energy and electric vehicle manufacturing in China is setting a robust foundation for the usage of Silicon Carbide, particularly in high-performance applications. With a growing emphasis on sustainability and energy efficiency in technological advancements, both Black and Green Silicon Carbide are positioned to play a pivotal role in China's industrial landscape, reflecting strong potential for future growth and development.

    The regulatory support from the Chinese government aimed at fostering advanced materials production further underlines the strategic importance of the Silicon Carbide segment in the national context.

    Silicon Carbide Market Application Insights

    The Application segment of the China Silicon Carbide Market is comprehensive, encompassing various industries driving market growth. In the Steel and Energy sectors, silicon carbide is vital due to its high thermal conductivity and strength, making it suitable for high-performance applications.

    The Automotive industry ranks significantly, as this material enhances efficiency in electric vehicles and reduces emissions. Aerospace and aviation applications leverage its lightweight properties and durability in high-temperature environments, contributing to performance improvements. Military and defense sectors benefit from silicon carbide's robust attributes, ensuring reliability in critical operations.

    The Electronics and Semiconductors space is rapidly growing, as silicon carbide semiconductors are pivotal for energy-efficient devices and power electronics. The Medical and Healthcare sector is gaining momentum, utilizing silicon carbide in advanced imaging and diagnostic equipment, highlighting its versatility. Overall, these applications are essential for China, indicating a strong focus on research and development to foster innovation. With the growth in these fields, the China Silicon Carbide Market segmentation is expected to evolve, driven by technological advancements and increasing demands across various industries.

    Get more detailed insights about China Silicon Carbide Market Research Report - Forecast by 2035

    Key Players and Competitive Insights

    The China Silicon Carbide Market is characterized by a robust competitive landscape, driven by increasing demand from various sectors such as electronics, automotive, and renewable energy. As the market evolves, several key players are vying for dominance, leveraging advanced technologies and innovative practices to enhance their product offerings and operational efficiency. The competitive dynamics are shaped by several factors, including technological advancements, supply chain efficiencies, and the ability to cater to specific industry demands. Additionally, the competitive insights reflect a trend towards sustainable and high-performance materials, prompting companies to invest in research and development to maintain their market positions.

    With the anticipated growth of industries utilizing silicon carbide, the competition is likely to intensify as players aim to capture a larger share of the burgeoning market.

    Guangdong Daan Silicon Technology has established itself as a formidable presence in the China Silicon Carbide Market, known for its innovative approach to manufacturing and its focus on high-quality products. The company has made significant investments in cutting-edge technology and facilities, enabling it to produce a wide range of silicon carbide materials that cater to the specific needs of its clientele. Its strengths lie in its strong research and development capabilities that facilitate the creation of novel silicon carbide solutions, which enhance performance in various applications.

    The company also benefits from a robust distribution network that ensures its products are readily available across different regions in China, allowing it to effectively serve diverse customer bases while maintaining a competitive edge.

    Jiangxi Yichun Jinyuan Silicon plays a pivotal role in the China Silicon Carbide Market, offering a variety of silicon carbide products that are integral to numerous industrial applications. The company is recognized for its high-purity silicon carbide, which is critical in electronics, power devices, and even abrasive materials. With a solid market presence, Jiangxi Yichun Jinyuan Silicon employs state-of-the-art production techniques that not only enhance product quality but also contribute to operational efficiencies. A key strength of the company is its commitment to continuous improvement through innovation, which allows it to adapt to evolving market conditions effectively.

    Recent mergers and acquisitions further bolster its capabilities and expand its market reach within China, positioning the company as a competitive force in the silicon carbide sector and underscoring its ambition to scale further in a rapidly growing market.

    Key Companies in the China Silicon Carbide Market market include

    Industry Developments

    Recent developments in the China Silicon Carbide Market have shown a significant uptick in interest and investment, particularly in companies like Guangdong Daan Silicon Technology and Jiangxi Yichun Jinyuan Silicon. In August 2023, Jiangxi Jinhui Silicon announced a collaboration with Xiamen Powerway Advanced Material to enhance its manufacturing capabilities.

    Additionally, the Silicon Corporation of China has been ramping up production to meet the burgeoning demand driven by the electric vehicle market. A notable merger was reported in July 2023 when Shandong Huitong New Materials acquired Zhejiang Huayuan Electronics, strengthening its position in the Silicon Carbide sector.

    The market valuation for these companies has seen an increase, attributed to heightened global demand and advancements in technology. Recent market analyses suggest that the total market for Silicon Carbide in China is projected to grow by approximately 20% annually over the next few years, driven by increased applications in power electronics.

    Moreover, Kangsheng Technology expanded its Research and Development initiatives in September 2023 to innovate new Silicon Carbide solutions, further catalyzing market growth. The push towards greener technologies is significantly influencing the dynamics within the China Silicon Carbide Market.

    Market Segmentation

    Silicon Carbide Market Application Outlook

    • Steel & Energy
    • Automotive
    • Aerospace & Aviation
    • Military & Defense
    • Electronics & Semiconductors
    • Medical & Healthcare

    Silicon Carbide Market Product Type Outlook

    • Black Silicon Carbide
    • Green Silicon Carbide

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 152.46 (USD Million)
    Market Size 2024 159.39 (USD Million)
    Market Size 2035 430.3 (USD Million)
    Compound Annual Growth Rate (CAGR) 9.449% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Million
    Key Companies Profiled Guangdong Daan Silicon Technology, Jiangxi Yichun Jinyuan Silicon, Siccast, Silicon Corporation of China, Kangsheng Technology, Shandong Huitong New Materials, Jiangxi Jinhui Silicon, Xiamen Powerway Advanced Material, Tianchuang Electronics, Ningbo Binhai New Materials, Zhengzhou Xinyu New Materials, Wuxi Dorecor Silicon Industry, Jiangxi Boda Silicon Industry, Gansu Jinchuan Group
    Segments Covered Product Type, Application
    Key Market Opportunities Rising demand for electric vehicles, Expansion in renewable energy sector, Growth in semiconductor applications, Advancements in manufacturing technology, Increasing investment in research and development
    Key Market Dynamics Growing demand for electric vehicles, Advancements in semiconductor technology, Increasing renewable energy applications, Strong government support policies, Rising investments in manufacturing capacity
    Countries Covered China

    FAQs

    What is the projected market value of the China Silicon Carbide Market in 2024?

    The projected market value of the China Silicon Carbide Market in 2024 is expected to be approximately 159.39 million USD.

    What will be the expected market value of the China Silicon Carbide Market by 2035?

    By 2035, the expected market value of the China Silicon Carbide Market is anticipated to reach around 430.3 million USD.

    What is the expected CAGR for the China Silicon Carbide Market from 2025 to 2035?

    The expected compound annual growth rate for the China Silicon Carbide Market from 2025 to 2035 is approximately 9.449%.

    Which product type holds the largest market share in the China Silicon Carbide Market?

    Black Silicon Carbide is projected to hold the largest market share, valued at 95.0 million USD in 2024.

    What will the market value of Black Silicon Carbide be by 2035?

    The market value of Black Silicon Carbide is expected to increase to 250.0 million USD by 2035.

    How much is the Green Silicon Carbide market expected to be valued at in 2024?

    The Green Silicon Carbide market is expected to be valued at 64.39 million USD in 2024.

    What will be the market value of Green Silicon Carbide by 2035?

    By 2035, the market value of Green Silicon Carbide is anticipated to reach 180.3 million USD.

    Who are the key players in the China Silicon Carbide Market?

    Major players in the market include Guangdong Daan Silicon Technology, Jiangxi Yichun Jinyuan Silicon, and Shandong Huitong New Materials among others.

    What growth drivers are influencing the China Silicon Carbide Market?

    The growth of the China Silicon Carbide Market is driven by rising demand for advanced materials and applications across various sectors.

    How is the current global scenario impacting the China Silicon Carbide Market?

    The current global scenario is influencing the China Silicon Carbide Market by creating both challenges and opportunities for growth and innovation.

    China Silicon Carbide Market Research Report - Forecast by 2035 Infographic
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