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    South Korea Silicon Carbide Market

    ID: MRFR/CnM/45644-HCR
    111 Pages
    Chitranshi Jaiswal
    September 2025

    South Korea 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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    South Korea Silicon Carbide Market Research Report - Forecast by 2035 Infographic
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    South Korea Silicon Carbide Market Summary

    The South Korea Silicon Carbide market is projected to grow significantly from 45.5 USD Million in 2024 to 97.0 USD Million by 2035.

    Key Market Trends & Highlights

    South Korea Silicon Carbide Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate of 7.11 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 97.0 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 45.5 USD Million, reflecting a strong foundation for future expansion.
    • Growing adoption of electric vehicles due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 45.5 (USD Million)
    2035 Market Size 97.0 (USD Million)
    CAGR (2025-2035) 7.11%

    Major Players

    ROHM, Samsung Electronics, Wolfspeed, Mersen, Cree, Mitsubishi Electric, Infineon Technologies, STMicroelectronics, ON Semiconductor, Korea Electric Power Corporation, LG Electronics, Nexperia, Hynix Semiconductor, SK Siltron, Nippon Steel Corporation

    South Korea Silicon Carbide Market Trends

    Additionally, there is growing interest in the use of silicon carbide in telecommunications and data centers, as it supports high-efficiency power conversion and heat dissipation. Particularly in expanding the boundaries of manufacturing, South Korea has numerous prospective opportunities. With the aid of domestic companies, South Korea is shifting its focus towards the research and development of silicon carbide substrates.

    Innovations from academic institutions in cooperation with industrial entities can greatly enhance production processes and their applications. Furthermore, South Korean producers have the capability of exploiting the increased global demand for electric vehicles by using silicon carbide technology in electric drivetrains, which enhances performance. There has also been growing attention focused on sustainability and decreasing the carbon footprint, which affects the market as well.

    The adoption of silicon carbide in consumer electronics, automotive, and industrial applications is growing as companies aim for more efficient energy solutions. As such, businesses in South Korea are intensifying their efforts to support the transition towards sustainable technologies, reflecting the broader global shift towards eco-friendly practices. Overall, these trends signify a dynamic evolution within the South Korea Silicon Carbide Market, paving the way for future growth and innovation.

    South Korea Silicon Carbide Market Drivers

    Market Segment Insights

    Silicon Carbide Market Product Type Insights

    The South Korea Silicon Carbide Market is witnessing significant growth driven by advancements in various sectors such as electronics, automotive, and renewable energy. Within the market, the Product Type segmentation includes notable categories like Black Silicon Carbide and Green Silicon Carbide, each catering to distinct applications. Black Silicon Carbide is predominantly used in refractory applications and is crucial for its hardness, making it essential for grinding and cutting purposes.

    This variant is known for its abrasiveness and thermal conductivity, contributing to its widespread use in industries such as construction materials and composites. As South Korea's construction industry continues to expand, the demand for Black Silicon Carbide is expected to rise. On the other hand, Green Silicon Carbide is characterized by its purity and superior hardness, rendering it valuable for high-precision applications.

    It is mainly used in the production of high-performance grinding wheels and as an abrasive in various finishing processes. The increasing trend toward energy-efficient and high-performance products fuels the growth of Green Silicon Carbide in South Korea as industries seek sustainable solutions that deliver better performance. As technology evolves, applications in semiconductor manufacturing, LED lighting, and power electronics are increasingly utilizing Green Silicon Carbide, making it a significant player in the market.

    The South Korea Silicon Carbide Market segmentation reflects not only the diverse applications of these sub-types but also underscores the technological advancements in material science. The continuous demand for high-strength materials and the growing emphasis on electrical efficiency are pivotal factors driving the popularity of both Black and Green Silicon Carbide. As industries adapt to more sustainable initiatives, the usage of these materials is likely to increase, positioning South Korea as a noteworthy hub for silicon carbide production and innovation, thereby contributing to the overall growth and dynamics of the South Korea Silicon Carbide Market landscape.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Silicon Carbide Market Application Insights

    The South Korea Silicon Carbide Market is significantly driven by its diverse applications across multiple sectors. The Steel and Energy application is crucial due to the increasing demand for energy-efficient solutions within steel manufacturing processes, reflecting South Korea's commitment to sustainable industrial practices. The Automotive sector is also gaining momentum as electric vehicles become more popular, leveraging silicon carbide for improved energy efficiency and performance.

    In Aerospace and Aviation, the ability of silicon carbide to withstand high temperatures makes it ideal for use in lightweight, high-performance components. Military and Defense applications utilize silicon carbide for advanced semiconductor technologies, enhancing the reliability of defense systems. Moreover, the Electronics and Semiconductors industry benefits from silicon carbide's superior thermal conductivity and high electric field strength, essential for manufacturing next-generation electronic devices.

    Lastly, in the Medical and Healthcare field, silicon carbide's biocompatibility and robustness position it as a valuable material for medical devices and imaging technologies. Overall, these segments demonstrate the versatility and growing importance of silicon carbide in South Korea's technological landscape.

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

    Regional Insights

    Key Players and Competitive Insights

    The South Korea Silicon Carbide Market is marked by significant growth and innovation, driven by an increasing demand for energy-efficient and high-performance materials in various sectors such as automotive, electronics, and renewable energy. As the global push for sustainable technologies accelerates, companies operating in South Korea are strategically positioning themselves to capture market share. The competition in this market is characterized by high research and development investments, partnerships, and collaborations aimed at enhancing product quality and performance.

    With the country's advanced manufacturing capabilities and a strong emphasis on technological advancement, the South Korean market is becoming a key player in the global Silicon Carbide landscape. ROHM, a notable player in the South Korea Silicon Carbide Market, has established itself as a trusted supplier of high-quality semiconductor solutions. Its presence in this market is characterized by a robust portfolio of Silicon Carbide-based devices designed for power electronics applications.

    ROHM's strengths lie in its continuous innovation and commitment to developing high-performance components that meet the stringent requirements of various industrial sectors. The company's focus on enhancing energy efficiency and reducing environmental impact aligns well with the growing demand for Silicon Carbide technologies, thereby solidifying its competitive positioning in the South Korean market. Samsung Electronics is another significant entity within the South Korea Silicon Carbide Market, renowned for its advanced semiconductor technology and commitment to innovation.

    The company offers a range of products and services that leverage Silicon Carbide materials, particularly in power semiconductors and energy systems. Samsung's strengths include its extensive research capabilities, strong brand recognition, and robust supply chain management. The company actively pursues strategic mergers and acquisitions to bolster its technological capabilities and market presence.

    Its efforts to expand in the Silicon Carbide arena highlight its commitment to leading the industry in developing eco-friendly and efficient power solutions. By maintaining a focus on high-quality manufacturing and cutting-edge technology, Samsung Electronics aims to strengthen its competitive edge in South Korea's Silicon Carbide Market.

    Key Companies in the South Korea Silicon Carbide Market market include

    Industry Developments

    Recent developments in the South Korea Silicon Carbide Market indicate significant advancements and strategic alignments among key players. In July 2023, ROHM announced the expansion of its production facility in South Korea to enhance silicon carbide chip production capacity, catering to the rising demand in electric vehicles and renewable energy sectors. Samsung Electronics is ramping up its investment in semiconductor technology, focusing on silicon carbide devices to improve energy efficiency in its products.

    Moreover, Wolfspeed has been collaborating with Hynix Semiconductor to develop new silicon carbide materials aimed at increasing performance and efficiency in power electronics. On the merger and acquisition front, in June 2023, Mitsubishi Electric completed the acquisition of a stake in a local company specializing in silicon carbide materials, boosting its technological capabilities in the region. The South Korean government continues to support the growth of the silicon carbide market through various initiatives, including funding for Research and Development in advanced semiconductor technologies.

    This regulatory backing is propelling the market's growth trajectory, with multiple companies like LG Electronics, Mersen, and Infineon Technologies making considerable investments to advance their silicon carbide product lines and maintain competitive advantages.

    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 43.56 (USD Million)
    Market Size 2024 45.54 (USD Million)
    Market Size 2035 96.99 (USD Million)
    Compound Annual Growth Rate (CAGR) 7.115% (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 ROHM, Samsung Electronics, Wolfspeed, Mersen, Cree, Mitsubishi Electric, Infineon Technologies, STMicroelectronics, ON Semiconductor, Korea Electric Power Corporation, LG Electronics, Nexperia, Hynix Semiconductor, SK Siltron, Nippon Steel Corporation
    Segments Covered Product Type, Application
    Key Market Opportunities Growing demand for electric vehicles, Increasing adoption of renewable energy, Advancements in semiconductor technology, Expansion in power electronics applications, Strong government support for innovation
    Key Market Dynamics Growing demand for electric vehicles, advancements in semiconductor technology, increasing investment in renewable energy, government support for innovation, rising demand for high-performance materials
    Countries Covered South Korea

    Market Highlights

    Author
    Chitranshi Jaiswal
    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.

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    FAQs

    What is the projected market size of the South Korea Silicon Carbide Market in 2024?

    The South Korea Silicon Carbide Market is expected to be valued at 45.54 million USD in 2024.

    What is the estimated market size of the South Korea Silicon Carbide Market by 2035?

    By 2035, the South Korea Silicon Carbide Market is projected to reach a value of 96.99 million USD.

    What is the expected compound annual growth rate (CAGR) for the South Korea Silicon Carbide Market from 2025 to 2035?

    The expected CAGR for the South Korea Silicon Carbide Market from 2025 to 2035 is 7.115%.

    Which product type is anticipated to dominate the South Korea Silicon Carbide Market?

    Both Black Silicon Carbide and Green Silicon Carbide are expected to share dominance in the market.

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

    The value of Black Silicon Carbide in the South Korea Silicon Carbide Market is expected to reach 48.9 million USD by 2035.

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

    The South Korea Silicon Carbide Market for Green Silicon Carbide is projected to be valued at 48.09 million USD by 2035.

    Who are the key players in the South Korea Silicon Carbide Market?

    Major players in the South Korea Silicon Carbide Market include ROHM, Samsung Electronics, Wolfspeed, and Cree.

    What are the expected growth opportunities in the South Korea Silicon Carbide Market?

    Opportunities are expected to arise from emerging applications and increasing demand in electronics and energy sectors.

    How does the South Korea Silicon Carbide Market compare to previous years?

    The market is showing significant growth compared to previous years, reflecting increased investment and interest in semiconductor technologies.

    What are the key applications driving growth in the South Korea Silicon Carbide Market?

    Key applications include electric vehicles, renewable energy systems, and high-efficiency power electronics.

    Report Infographic
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