Silicon Carbide Market Research Report - Forecast to 2027

Silicon Carbide Market Global Research Report: By Product (Black And Green Silicon Carbide), Application (Steel & Energy, Automotive, Aerospace & Aviation, Military & Defense, Electronics & Semiconductors, Medical & Healthcare, & Others) and Region Forecast Till 2027

ID: MRFR/CnM/0723-HCR | February 2021 | Region: Global | 138 pages

Silicon Carbide Market Overview


Silicon Carbide Market is estimated to reach USD 7.10 Billion by 2027 at a CAGR of 16% from 2020 - 2027.


Silicon carbide is a white gap semiconductor material that is often used by people in semiconductor electronic devices that are being operated at high temperatures or high voltage and sometimes at both. Silicon carbide is also known as carborundum. It is a compound of silica and carbon.


Silicon carbide is one of the hardest materials because it has outstanding performance hours switching frequency and power rating when compared to silicon. Silicon carbide also has the potential to deliver the high power switching application when extreme environmental conditions arrive. These are the few reasons and properties that have made silicon carbide manufacturers be a highly acceptable and demanding compound to be used as applications.


COVID 19 Analysis


Looking at the current situation of the growing pandemic day by day. It does not seem that the new normal has benefited the global market in any sort of way. It's just the health sector that is in demand and is currently being used at its extreme. Like all other companies and global markets, the silicon carbide global market has also been affected although it has shown that the silicon carbide companies witnessed steady growth in the last 7 years. But due to the coronavirus, it is being impacted negatively.


The government is taking all the majors to strengthen this market. The smaller companies are at big losses. Medium and largely flourished companies of silicon carbide are also being shut due to the lockdown which automatically lags it in the market.


Competitive Landscape


The most prominent major key players in the silicon carbide global market are as follows:



  • Grindwell Norton (India)

  • ESK SIC GmbH

  • Dow Chemical Company (US)

  • Carborundum Universal (India)

  • Entegris Inc (US)

  • Norstel AB (Sweden)

  • Renesas Electronics Corporation (Japan)

  • ROHM Co Ltd (JapanToshiba Corporation (Japan)

  • Microsemi Corporation (US) and others


These prominent major key players in the market do their best and bring up new strategies to get their customers. These strategies include expansion collaborations and vacations.


Market Dynamics


Drivers


The silicon carbide market is increasing tremendously in the global markets. The various reasons and factors that are pushing the silicon carbide market to attain heights are the property of semiconductor material. This automatically makes it necessary and is highly used in semiconductor electronic devices that can easily be operated at high temperatures and high voltages. Growth has also touched the feet of the market globally due to the strong demand from steel manufacturing and steel processing industries along with all its recycling units being operated. Also, the growing role of the automotive industry in the world has an essential role in the global growth of silicon carbide.


Opportunities


The silicon carbide market is increasing tremendously in the global markets due to various reasons and factors. Along with all this comes many more opportunities for it to grow even further high. The opportunity that makes it a chance for the silicon carbide market to even further is the growing automotive industry across the world. As for the census, China is more than the global leader. In the field of automotive production, China caused annual growth of over 8%. Hence now it is thought that China will gain a better amount in the upcoming years. The substitution of pure silicon technology is increasing day by day and hence it is thought that silicon carbide will one day successfully replace pure silicon. This will automatically increase the global demand for silicon carbide.


Restraints


As this market is growing tremendously at the global level. It has many hindrances and obstacles on its way which stops it from getting any bigger or better. Few reasons are to be mentioned here, out of the many reasons which restraint the growth of the silicon carbide market globally. It is hard that silicon carbide will soon replace the floor silicon but the high cost that comes with this replacement from devices has made it a tough task to perform. Also because of the low manufacturing yield and low manufacturing volume the devices of silicon carbide are being sold at higher prices in comparison with pure silicon which also is a big problem. This restricts people from buying it.


Value Chain Analysis


Silicon carbide market is going globally and it adds many values to the global market such as It is used as a wide gap semiconductor material can you send me conductor electronic devices which operate at high temperature or high voltage or both. It is adding value to the global market because higher demands from steam manufacturing against steel processing industries are initiating. It is positive that height performance and power ratings switching frequency and much better which can be used for technological development.


Global Silicone Carbide Market share by Product (%) (2016)


 Silicone Carbide Market share


Source: MRFR Analysis


Market Segmentation


The silicon carbide global market has been divided based on the product, application, and regions. 


Based On The Product


The silicon carbide market in the global market has been divided based on the product into black silicon carbide green silicon carbide and others (refractory, coated, metallurgical, metallurgical briquettes, and micro grit).


Based on the Application


The silicon carbide market in the global market has been divided based on the application into the steel and energy automotive aerospace and aviation, military and defense, electronics and semiconductors, medical and health care, and others. Steel and energy are the most important parts of the application, where silicon carbide is largely used. Electronics and semiconductors and automobile segments stand in second place respectively.


Based On The Regions


The silicon carbide market in the global market has been divided based on the region into North America, APAC, Europe, Latin America, and the Middle East, and Africa.


The Asia Pacific is the most prominent region and largest market among all.


Regional Analysis


The silicon carbide market in the global market has been divided based on region into Asia Pacific Europe let in America North America and the Middle East in Africa.


As for the 2016 report Asia Pacific is the most prominent silicon carbide market across the globe and has been recorded as the largest shareholder in both terms of value and volume. It seems as if it has acquired almost half of the global market of silicon carbide. It is expected that in the near forecasted period it will continue to grow at the same pace.


India and China both these regions collectively are driving the market. They account for the growing steel and energy demands by industrial and infrastructural development.


North America has quite an attractive growth in the market and is also driven by automotive demand. This region is anticipated to grow significantly in the upcoming years due to the massive demand for commercial vehicles.


The US is the fifth largest country or region for commercial vehicle producers in the market due to the growing demand for silicon carbide.


Euro is expected to undergo steady growth in the forecasted period. Europe has major markets such as Russia, Germany, and the Netherlands. The Atascocan industry in Europe has significantly driven the growth of its market.


Recent Developments



  • Silicon carbide has wide gap semiconductor material which is the property making it more reliable in today’s market hence it is used in semiconductor electronic devices. These semiconductor devices can tolerate high temperatures and high voltage.

  • Development in the steel manufacturing and steel processing industries in addition to the recycling units has made silicon carbide demand in the market.

  • Demand and development in the life of people increase the desire to buy new commercial vehicles.

  • Silicon carbide structure, silicon carbide crystal structure, and silicon carbide density make it uniquely acceptable and hence is used in new technologies.

  • Silicon carbide products are now largely accepted due to silicon carbide prices and silicon carbide uses.


Report Overview


This silicon carbide global market report consists of the following elements-market overview, Covid 19 Analysis, market dynamics, value chain analysis, market segmentation, regional analysis, competitive landscape, recent developments.


This silicon carbide global market research report consists of the factors that drive the silicon carbide global market along with the factors that restrict the silicon carbide market in the global market. This report also contains various growth opportunities in the silicon carbide market analysis in the global market during the forecasted period. The impact of COVID 19 on the silicon carbide market is also estimated. The future growth rate of this market is also mentioned.


Intended Audience


The major audience that is targeted in the silicon carbide market globally is production process industries, silicon carbide manufacturers, potential investors, traders and distributors of silicon carbide, raw material suppliers, and nationalized laboratories.



Report Scope:
Report Attribute/Metric Details
  Market Size   7.10 Billion (2027)
  CAGR   7% (2020–2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Grindwell Norton (India), ESK SIC GmbH, Dow Chemical Company (US), Carborundum Universal (India), Entegris Inc (US), Norstel AB (Sweden), Renesas Electronics Corporation (Japan), ROHM Co Ltd (Japan), Toshiba Corporation (Japan), Microsemi Corporation (US)
  Key Market Opportunities   The ability to operate at high temperature has positively impacted the growth of the market.
  Key Market Drivers   Growth in this market is attributed to strong demand from steel manufacturing and steel processing industry along with its recycling units


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :


Major industries like aerospace &d aviation, steel & energy, medical & healthcare, automotive, electronics & semiconductors, and military & defense are to inspire growth for the silicon carbide market.

Prominent names like ESK SIC GmbH, Dow Chemical Company (US), Grindwell Norton (India), Entegris Inc (US), Carborundum Universal (India), Renesas Electronics Corporation (Japan), Norstel AB (Sweden), Microsemi Corporation (US) Toshiba Corporation (Japan), ROHM Co Ltd (Japan), and others can transform the market.

Asia Pacific is slated to dominate the silicon carbide market between 2016 and 2023.

Silicon carbide is a wide gap semiconductor material, which would help the material to gain access in the semiconductor industry.

China and India are going to play crucial roles in taking the global silicon carbide market ahead.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Silicon Carbide Market

5 Industry Overview of Global Silicon Carbide Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Silicon Carbide Market by Product

7.1 Introduction

7.2 Black Silicon Carbide

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Green silicon Carbide

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Silicon Carbide Market by Application

8.1 Introduction

8.2 Steel & Energy

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Automotive

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Aerospace & Aviation

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Military & Defense

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Electronics & Semiconductors

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

8.7 Medical & Healthcare

8.7.1 Market Estimates & Forecast, 2020-2027

8.7.2 Market Estimates & Forecast by Region, 2020-2027

8.8 others

8.8.1 Market Estimates & Forecast, 2020-2027

8.8.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Silicon Carbide Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Product, 2020-2027

9.2.3 Market Estimates & Forecast by Application, 2020-2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Product, 2020-2027

9.2.4.3 Market Estimates & Forecast by Application, 2020-2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Product, 2020-2027

9.2.5.3 Market Estimates & Forecast by Application, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Product, 2020-2027

9.3.3 Market Estimates & Forecast by Application, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Product, 2020-2027

9.3.4.3 Market Estimates & Forecast by Application, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Product, 2020-2027

9.3.5.2 Market Estimates & Forecast by Application, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Product, 2020-2027

9.3.6.2 Market Estimates & Forecast by Application, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Product, 2020-2027

9.3.7.2 Market Estimates & Forecast by Application, 2020-2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Product, 2020-2027

9.3.8.2 Market Estimates & Forecast by Application, 2020-2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Product, 2020-2027

9.3.9.2 Market Estimates & Forecast by Application, 2020-2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast by Product, 2020-2027

9.3.10.2 Market Estimates & Forecast by Application, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Product, 2020-2027

9.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Product, 2020-2027

9.4.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Product, 2020-2027

9.4.4.3Market Estimates & Forecast by Application, 2020-2027

9.4.5 Japan

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Product, 2020-2027

9.4.5.3 Market Estimates & Forecast by Application, 2020-2027

9.4.6 Australia

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Product, 2020-2027

9.4.6.3 Market Estimates & Forecast by Application, 2020-2027

9.4.7 New Zealand

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Product, 2020-2027

9.4.7.3 Market Estimates & Forecast by Application, 2020-2027

9.4.8 Rest of Asia Pacific

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Product, 2020-2027

9.4.8.2 Market Estimates & Forecast by Application, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Product, 2020-2027

9.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Product, 2020-2027

9.5.4.3 Market Estimates & Forecast by Application, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Product, 2020-2027

9.5.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Product, 2020-2027

9.5.6.3 Market Estimates & Forecast by Application, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Product, 2020-2027

9.5.7.3 Market Estimates & Forecast by Application, 2020-2027

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Product, 2020-2027

9.5.8.2 Market Estimates & Forecast by Application, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Product, 2020-2027

9.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Product, 2020-2027

9.6.4.3 Market Estimates & Forecast by Application, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Product, 2020-2027

9.6.5.3 Market Estimates & Forecast by Application, 2020-2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Product, 2020-2027

9.6.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast by Product, 2020-2027

9.6.7.3 Market Estimates & Forecast by Application, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 Grindwell Norton

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 ESK SIC GmbH

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Dow Chemical company

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Carborundum Universal

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Entegris Inc

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Norstel AB

11.6.1 Company Overview

11.6.2 Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Renesas Electronics Corporation

11.7.1 Company Overview

11.7.2 Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 ROHM Co

11.8.1 Company Overview

11.8.2 Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Toshiba Corporation

11.9.1 Company Overview

11.9.2 Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Microsemi Corporation

11.10.1 Company Overview

11.10.2 Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2030)

Table 2 Global Silicon Carbide Market: By Region, 2020-2027

Table 3 North America Silicon Carbide Market: By Country, 2020-2027

Table 4 Europe Silicon Carbide Market: By Country, 2020-2027

Table 5 Asia-Pacific Silicon Carbide Market: By Country, 2020-2027

Table 7 Middle East & Africa Silicon Carbide Market: By Country, 2020-2027

Table 6 Latin America Silicon Carbide Market: By Country, 2020-2027

Table 8 Global Silicon Carbide by Types Market: By Regions, 2020-2027

Table 9 North America Silicon Carbide by Types Market: By Country, 2020-2027

Table 10 Europe Silicon Carbide by Types Market: By Country, 2020-2027

Table11 Asia-Pacific Silicon Carbide by Types Market: By Country, 2020-2027

Table13 Middle East & Africa Silicon Carbide by Types Market: By Country, 2020-2027

Table12 Latin America Silicon Carbide by Types Market: By Country, 2020-2027

Table14 North America Silicon Carbide for Application Market: By Country, 2020-2027

Table13 Europe Silicon Carbide for Application Market: By Country, 2020-2027

Table14 Asia-Pacific Silicon Carbide for Application Market: By Country, 2020-2027

Table16 Middle East & Africa Silicon Carbide for Application Market: By Country, 2020-2027

Table15 Latin America Silicon Carbide for Application Market: By Country, 2020-2027

Table23 Global Types Market: By Region, 2020-2027

Table24 Global Application Market: By Region, 2020-2027

Table25 North America Silicon Carbide Market, By Country

Table26 North America Silicon Carbide Market, By Product

Table27 North America Silicon Carbide Market, By Application

Table28 Europe: Silicon Carbide Market, By Country

Table29 Europe: Silicon Carbide Market, By Product

Table30 Europe: Silicon Carbide Market, By Application

Table31 Asia-Pacific: Silicon Carbide Market, By Product

Table32 Asia-Pacific: Silicon Carbide Market, By Product

Table33 Asia-Pacific: Silicon Carbide Market, By Application

Table36 Middle East & Africa: Silicon Carbide Market, By Country

Table37 Middle East & Africa Silicon Carbide Market, By Product

Table33 Middle East & Africa: Silicon Carbide Market, By Application

Table34 Latin America: Silicon Carbide Market, By Country

Table35 Latin America Silicon Carbide Market, By Product

Table33 Latin America: Silicon Carbide Market, By Application

LIST OF FIGURES

FIGURE 1 Global Silicon Carbide Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Silicon Carbide Market

FIGURE 4 Value Chain of Global Silicon Carbide Market

FIGURE 5 Share of Global Silicon Carbide Market in 2020, by country (in %)

FIGURE 6 Global Silicon Carbide Market, 2020-2027,

FIGURE 7 Sub segments of Product

FIGURE 8 Global Silicon Carbide Market size by Product, 2020

FIGURE 9 Share of Global Silicon Carbide Market by Product, 2020 to 2027

FIGURE 10 Sub segments of Application

FIGURE 11 Global Silicon Carbide Market size by Application, 2020

FIGURE 12 Share of Global Silicon Carbide Market by Application, 2020 to 2027