Silicon Carbide Market Research Report - Forecast to 2023

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 2023

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

Synopsis of Silicon Carbide Market:


Silicon carbide (SIC) (CAS NO. 409-21-2) is also known as carbrundum and is a compound of silica and carbon. SIC is one of the hard material, which has outstanding performance, power switching frequency, and power rating as compared to silicon. Moreover, it has potential to deliver high power switching application in extreme environment. Silicon carbide is wide gap semiconductor material which is used in semiconductor electronics devices that operate at high temperature or high voltage or both. This property has made silicon carbide to highly preferable in end-use applications 


Aforementioned properties associated with silicon carbide, specifically, the ability to operate at high temperature has positively impacted the growth of the market. Over the last seven years, the global silicon carbide market has witnessed steady growth and it is moving towards growth expansion mode. Growth in this market is attributed to strong demand from steel manufacturing and steel processing industry along with its recycling units.  Steel industries in Asia Pacific are expected to contribute a major part in the coming years. Growing automotive industry across the globe also playing an essential role in the global growth. As per the OICA, China emerged as a global leader in the automotive production with annual growth of over 8%, due to which market is expected to have a high gain in the coming years. Over the last few years, substitution of existing pure silicon technology is increasing year by year, thereby strengthening global demand for silicon carbide. Although, the growth in this market is held back by high cost associated with devices made by silicon carbide. Due to low manufacturing yield and low manufacturing volume, the devices made by silicon carbide are being sold at relatively higher prices, which has posed as growth restraints. Nevertheless, the growing electronics and semiconductor application are expected to offer healthy growth to key industry participants in this market.


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


 Silicone Carbide Market share


Source: MRFR Analysis


Regional Analysis


The global silicon carbide market is spanned across five key regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. As of 2016, Asia Pacific emerged as one of the most promising markets across the globe and has recorded largest market shares both in terms value and volume. By acquiring more than half of the global market, Asia Pacific is expected to continue its lead over the forecast period as well. Increasing sales of various driver segment such as steel and energy, electronics, and semiconductors and automotive are responsible for the growth this region. India and China are collectively driving the Asia Pacific market on account of growing steel and energy demands driven by industrial and infrastructural development. North America is another growth attractive market and is driven by the automotive demand. The region is anticipated to grow significantly due to massive demand for commercial vehicles. The U.S. is one of the five largest commercial vehicle producing markets across the due the growing demand for silicon carbide.  Europe to undergo steady growth in the coming years including major market such as Russia, Germany, and the Netherlands. Established aerospace and aviation industry have significantly driven the regional growth.


Segmentation


The global silicon carbide market is majorly segmented on the basis of product, application, and by region. Market segmentation on the basis of products, includes black silicon carbide, green silicon carbide, and others (refractory, coated, metallurgical, metallurgical briquettes and micro grit). On the basis of application, the market is segmented into steel and energy, automotive, aerospace and aviation, military and defense, electronics and semiconductors, medical and healthcare, and others. Steel and energy is the prominent segment for which silicon carbide is largely used followed by electronics and semiconductors and automobile segment. While the medical and healthcare applications are anticipated to register the highest growth over next five years.


Based on the regions, the market is segmented into North America, APAC, Europe, Latin America and the Middle East and Africa. Asia Pacific is the dominant region and largest market among all.


Key Players


Some of the key players in the global silicon carbide market are 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) and others


Intended Audience



  • Silicon Carbide manufacturers

  • Traders and Distributors of Silicon Carbide

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



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, 2016-2023

7.2.2 Market Estimates & Forecast by Region, 2016-2023

7.3 Green silicon Carbide

7.3.1 Market Estimates & Forecast, 2016-2023

7.3.2 Market Estimates & Forecast by Region, 2016-2023

8. Global Silicon Carbide Market by Application

8.1 Introduction

8.2 Steel & Energy

8.2.1 Market Estimates & Forecast, 2016-2023

8.2.2 Market Estimates & Forecast by Region, 2016-2023

8.3 Automotive

8.3.1 Market Estimates & Forecast, 2016-2023

8.3.2 Market Estimates & Forecast by Region, 2016-2023

8.4 Aerospace & Aviation

8.4.1 Market Estimates & Forecast, 2016-2023

8.4.2 Market Estimates & Forecast by Region, 2016-2023

8.5 Military & Defense

8.5.1 Market Estimates & Forecast, 2016-2023

8.5.2 Market Estimates & Forecast by Region, 2016-2023

8.6 Electronics & Semiconductors

8.6.1 Market Estimates & Forecast, 2016-2023

8.6.2 Market Estimates & Forecast by Region, 2016-2023

8.7 Medical & Healthcare

8.7.1 Market Estimates & Forecast, 2016-2023

8.7.2 Market Estimates & Forecast by Region, 2016-2023

8.8 others

8.8.1 Market Estimates & Forecast, 2016-2023

8.8.2 Market Estimates & Forecast by Region, 2016-2023

9. Global Silicon Carbide Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2016-2023

9.2.2 Market Estimates & Forecast by Product, 2016-2023

9.2.3 Market Estimates & Forecast by Application, 2016-2023

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2016-2023

9.2.4.2 Market Estimates & Forecast by Product, 2016-2023

9.2.4.3 Market Estimates & Forecast by Application, 2016-2023

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2016-2023

9.2.5.2 Market Estimates & Forecast by Product, 2016-2023

9.2.5.3 Market Estimates & Forecast by Application, 2016-2023

9.3 Europe

9.3.1 Market Estimates & Forecast, 2016-2023

9.3.2 Market Estimates & Forecast by Product, 2016-2023

9.3.3 Market Estimates & Forecast by Application, 2016-2023

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2016-2023

9.3.4.2 Market Estimates & Forecast by Product, 2016-2023

9.3.4.3 Market Estimates & Forecast by Application, 2016-2023

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2016-2023

9.3.5.2 Market Estimates & Forecast by Product, 2016-2023

9.3.5.2 Market Estimates & Forecast by Application, 2016-2023

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2016-2023

9.3.6.2 Market Estimates & Forecast by Product, 2016-2023

9.3.6.2 Market Estimates & Forecast by Application, 2016-2023

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2016-2023

9.3.7.2 Market Estimates & Forecast by Product, 2016-2023

9.3.7.2 Market Estimates & Forecast by Application, 2016-2023

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2016-2023

9.3.8.2 Market Estimates & Forecast by Product, 2016-2023

9.3.8.2 Market Estimates & Forecast by Application, 2016-2023

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2016-2023

9.3.9.2 Market Estimates & Forecast by Product, 2016-2023

9.3.9.2 Market Estimates & Forecast by Application, 2016-2023

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2016-2023

9.3.10.2 Market Estimates & Forecast by Product, 2016-2023

9.3.10.2 Market Estimates & Forecast by Application, 2016-2023

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2016-2023

9.4.2 Market Estimates & Forecast by Product, 2016-2023

9.4.3 Market Estimates & Forecast by Application, 2016-2023

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2016-2023

9.4.4.2 Market Estimates & Forecast by Product, 2016-2023

9.4.4.3 Market Estimates & Forecast by Application, 2016-2023

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2016-2023

9.4.4.2 Market Estimates & Forecast by Product, 2016-2023

9.4.4.3Market Estimates & Forecast by Application, 2016-2023

9.4.5 Japan

9.4.5.1 Market Estimates & Forecast, 2016-2023

9.4.5.2 Market Estimates & Forecast by Product, 2016-2023

9.4.5.3 Market Estimates & Forecast by Application, 2016-2023

9.4.6 Australia

9.4.6.1 Market Estimates & Forecast, 2016-2023

9.4.6.2 Market Estimates & Forecast by Product, 2016-2023

9.4.6.3 Market Estimates & Forecast by Application, 2016-2023

9.4.7 New Zealand

9.4.7.1 Market Estimates & Forecast, 2016-2023

9.4.7.2 Market Estimates & Forecast by Product, 2016-2023

9.4.7.3 Market Estimates & Forecast by Application, 2016-2023

9.4.8 Rest of Asia Pacific

9.4.8.1 Market Estimates & Forecast, 2016-2023

9.4.8.2 Market Estimates & Forecast by Product, 2016-2023

9.4.8.2 Market Estimates & Forecast by Application, 2016-2023

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2016-2023

9.5.2 Market Estimates & Forecast by Product, 2016-2023

9.5.3 Market Estimates & Forecast by Application, 2016-2023

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2016-2023

9.5.4.2 Market Estimates & Forecast by Product, 2016-2023

9.5.4.3 Market Estimates & Forecast by Application, 2016-2023

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2016-2023

9.5.5.2 Market Estimates & Forecast by Product, 2016-2023

9.5.5.3 Market Estimates & Forecast by Application, 2016-2023

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2016-2023

9.5.6.2 Market Estimates & Forecast by Product, 2016-2023

9.5.6.3 Market Estimates & Forecast by Application, 2016-2023

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2016-2023

9.5.7.2 Market Estimates & Forecast by Product, 2016-2023

9.5.7.3 Market Estimates & Forecast by Application, 2016-2023

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2016-2023

9.5.8.2 Market Estimates & Forecast by Product, 2016-2023

9.5.8.2 Market Estimates & Forecast by Application, 2016-2023

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2016-2023

9.6.2 Market Estimates & Forecast by Product, 2016-2023

9.6.3 Market Estimates & Forecast by Application, 2016-2023

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2016-2023

9.6.4.2 Market Estimates & Forecast by Product, 2016-2023

9.6.4.3 Market Estimates & Forecast by Application, 2016-2023

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2016-2023

9.6.5.2 Market Estimates & Forecast by Product, 2016-2023

9.6.5.3 Market Estimates & Forecast by Application, 2016-2023

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2016-2023

9.6.6.2 Market Estimates & Forecast by Product, 2016-2023

9.6.6.3 Market Estimates & Forecast by Application, 2016-2023

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2016-2023

9.6.7.2 Market Estimates & Forecast by Product, 2016-2023

9.6.7.3 Market Estimates & Forecast by Application, 2016-2023

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 (2016 To 2030)

Table 2 Global Silicon Carbide Market: By Region, 2016-2023

Table 3 North America Silicon Carbide Market: By Country, 2016-2023

Table 4 Europe Silicon Carbide Market: By Country, 2016-2023

Table 5 Asia-Pacific Silicon Carbide Market: By Country, 2016-2023

Table 7 Middle East & Africa Silicon Carbide Market: By Country, 2016-2023

Table 6 Latin America Silicon Carbide Market: By Country, 2016-2023

Table 8 Global Silicon Carbide by Types Market: By Regions, 2016-2023

Table 9 North America Silicon Carbide by Types Market: By Country, 2016-2023

Table 10 Europe Silicon Carbide by Types Market: By Country, 2016-2023

Table11 Asia-Pacific Silicon Carbide by Types Market: By Country, 2016-2023

Table13 Middle East & Africa Silicon Carbide by Types Market: By Country, 2016-2023

Table12 Latin America Silicon Carbide by Types Market: By Country, 2016-2023

Table14 North America Silicon Carbide for Application Market: By Country, 2016-2023

Table13 Europe Silicon Carbide for Application Market: By Country, 2016-2023

Table14 Asia-Pacific Silicon Carbide for Application Market: By Country, 2016-2023

Table16 Middle East & Africa Silicon Carbide for Application Market: By Country, 2016-2023

Table15 Latin America Silicon Carbide for Application Market: By Country, 2016-2023

Table23 Global Types Market: By Region, 2016-2023

Table24 Global Application Market: By Region, 2016-2023

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 2016, by country (in %)

FIGURE 6 Global Silicon Carbide Market, 2016-2023,

FIGURE 7 Sub segments of Product

FIGURE 8 Global Silicon Carbide Market size by Product, 2016

FIGURE 9 Share of Global Silicon Carbide Market by Product, 2016 to 2023

FIGURE 10 Sub segments of Application

FIGURE 11 Global Silicon Carbide Market size by Application, 2016

FIGURE 12 Share of Global Silicon Carbide Market by Application, 2016 to 2023