The China Silicon Carbide Market Size was estimated at 152.46 (USD Million) in 2023. The China Silicon Carbide Market Industry is expected to grow from 159.39 (USD Million) in 2024 to 430.3 (USD Million) by 2035. The China Silicon Carbide Market CAGR (growth rate) is expected to be around 9.449% during the forecast period (2025 - 2035).
The China Silicon Carbide Market is currently experiencing significant trends driven by the increasing demand for energy-efficient technologies and the rapid growth of the electric vehicle sector. The Chinese government has been actively promoting the adoption of green technologies, aligning with its goals to reduce carbon emissions and enhance the use of renewable energy sources.
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.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The demand for electric vehicles (EVs) is on a steep rise in China, driven by government initiatives and consumer preferences shifting toward environmentally friendly alternatives. In 2022, China accounted for approximately 60% of global electric vehicle sales, with over 6 million units sold.
This surge in EV adoption is heavily influencing the China Silicon Carbide Market Industry as silicon carbide (SiC) semiconductors are increasingly used in power electronics for electric vehicles, enhancing their efficiency and range. The Ministry of Industry and Information Technology in China has set aggressive targets for EV adoption, aiming for a substantial increase in production by 2025, thereby driving the demand for SiC devices in power management systems, battery charging, and inverter applications.
As leading companies in the automotive sector, such as Tesla and BYD, continue to implement silicon carbide technology in their EVs, the market is poised for significant growth.
China's commitment to renewable energy, particularly solar and wind energy, is a key driver for the China Silicon Carbide Market Industry. The Chinese government has announced plans to generate 50% of its power from renewable sources by 2030.
As of 2022, China held more than 30% of the world's installed solar capacity. Silicon carbide plays a crucial role in the integration and management of renewable energy systems, as it offers better thermal conductivity and switching speeds compared to traditional silicon semiconductors. Organizations such as the National Energy Administration of China are actively promoting investments in this sector, which significantly boosts the requirement for SiC components to ensure efficient energy conversion and management, leading to an increase in market growth.
With the increasing focus on energy efficiency in various sectors, the demand for energy-efficient devices is on the rise in China. The Chinese government has set strict energy consumption targets, with the aim to reduce energy consumption per unit of GDP by 13.5% from 2021 to 2025.
Silicon carbide, known for its exceptional energy efficiency and performance, is becoming the preferred choice for manufacturers looking to comply with these regulations. Major electronic companies in China, including Huawei and Alibaba, have begun implementing silicon carbide technology in their products, leading to significant improvements in energy savings. This trend is expected to stimulate growth in the China Silicon Carbide Market as businesses seek to enhance their sustainability credentials and meet government regulations.
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.
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.
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.
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.
| 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 |
Frequently Asked Questions (FAQ) :
The projected market value of the China Silicon Carbide Market in 2024 is expected to be approximately 159.39 million USD.
By 2035, the expected market value of the China Silicon Carbide Market is anticipated to reach around 430.3 million USD.
The expected compound annual growth rate for the China Silicon Carbide Market from 2025 to 2035 is approximately 9.449%.
Black Silicon Carbide is projected to hold the largest market share, valued at 95.0 million USD in 2024.
The market value of Black Silicon Carbide is expected to increase to 250.0 million USD by 2035.
The Green Silicon Carbide market is expected to be valued at 64.39 million USD in 2024.
By 2035, the market value of Green Silicon Carbide is anticipated to reach 180.3 million USD.
Major players in the market include Guangdong Daan Silicon Technology, Jiangxi Yichun Jinyuan Silicon, and Shandong Huitong New Materials among others.
The growth of the China Silicon Carbide Market is driven by rising demand for advanced materials and applications across various sectors.
The current global scenario is influencing the China Silicon Carbide Market by creating both challenges and opportunities for growth and innovation.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
