Silicon Carbide Market Growth Trends, Features 2023

Posted October 14, 2019 by MoinPatni

This also enables SiC to perceive huge applications in extreme environment where delivering high power switching property gets crucial

Silicon Carbide Market Overview:
The global silicon carbide (SiC) market is galvanizing pervasively, mainly due to the growing power electronics market. According to Market Research Future (MRFR) the SiC market holds great potential to expand further in the years to come, garnering extensive prominence. MRFR in its analysis, also states that the global Silicon Carbide market will perceive exponential growth by 2023, posting a staggering CAGR during the assessment period (2018-2023).
Silicon Carbide (SiC) is an integral material for high-power electronics, and hence, accounts for a key enabler of state-of-the-art products in growing markets such as electric vehicles, data centers, and solar systems. Owing to some unique properties, such as an outstanding power switching frequency and power rating performance, SiC, has the edge over other materials such as Silicon. This also enables SiC to perceive huge applications in extreme environment where delivering high power switching property gets crucial.
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Hence, it is widely used in semiconductor electronics devices that operate at high temperature or high voltage or both, making SiC a highly preferable material in end-use applications such as steel and electronics among others. Additionally, silicon carbide perceives a high demand from some of the burgeoning industries such as aerospace & aviation, energy, military & defense, and most importantly from automotive and healthcare sectors. The high uptake and augmented demand of SiC, in turn, foster the market growth on the global platform.
Additional factors contributing to the market growth are steady demand from the steel manufacturing and steel processing industries and its recycling units. Burgeoning automotive industry plays a vital role in substantiating the market growth worldwide.
Moreover, factors such as substitution of existing pure silicon technology that is strengthening the global demand for silicon carbide, are increasing the market siz extensively.
Conversely, factors such as volatility in the prices and supply of feedstock required for the production of SiC are obstructing the market growth. Also, the high cost associated with the manufacturing of SiC and the devices made it (SiC) are hampering the growth of the market in the long run. Nevertheless, the burgeoning electronics and semiconductor market is likely to create a substantial revenue pocket in the global space, witnessing a massive demand for SiC.
Silicon Carbide Market Key Players:
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.
Silicon Carbide Market Segmentation:
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 defence, 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.
Silicon Carbide Market Regional Analysis:
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.
Silicon Carbide Market Table Of Contents:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Silicon Carbide Market
Silicon Carbide Market Table Of Contents to be Continue…….,
Silicon Carbide Market 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
Silicon Carbide Market List Of Tables to be Continue…….,
Silicon Carbide Market 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 %)
Silicon Carbide Market List Of Figures to be Continue…….,
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
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Business Address Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
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Categories Business
Tags silicon carbide , silicon carbide market
Last Updated October 14, 2019