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    Silicon Carbide Market

    ID: MRFR/CnM/0723-HCR
    138 Pages
    Chitranshi Jaiswal
    September 2025

    Silicon Carbide Market Research Report Information By Type (Black Silicon Carbide and Green Silicon Carbide), By Application (Steel & Energy, Automotive, Aerospace & Aviation, Military & Defense, Electronics & Semiconductors, and Medical & Healthcare), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

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    Silicon Carbide Market Research Report - Forecast to 2032 Infographic
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    Silicon Carbide Market Summary

    As per Market Research Future Analysis, the Global Silicon Carbide Market was valued at USD 1.98 billion in 2023 and is projected to reach USD 2.99 billion by 2032, growing at a CAGR of 4.70% from 2024 to 2032. The market is driven by the increasing demand for consumer electronics and the production of electric vehicles (EVs). Silicon carbide (SiC) is favored for its superior efficiency in power devices, particularly in automotive applications, where it enhances energy management and reduces losses.

    Key Market Trends & Highlights

    Key trends driving the Silicon Carbide market include advancements in semiconductor applications and increased manufacturing capacities.

    • The electronics & semiconductors segment dominated the market in 2022, driven by over one trillion semiconductor shipments.
    • Black silicon carbide accounted for ~66-68% of market revenue in 2022, primarily due to demand in the chemical industry.
    • Asia-Pacific Silicon Carbide Market was valued at USD 1.3 billion in 2022, with significant growth expected due to local manufacturing.
    • North America is projected to grow at the fastest CAGR from 2022 to 2030, supported by a robust automotive industry.

    Market Size & Forecast

    2023 Market Size USD 1.98 Billion
    2032 Market Size USD 2.99 Billion
    CAGR (2024-2032) 4.70%

    Major Players

    Key players in the Silicon Carbide market include CUMI EM, AGSCO Corp, Saint-Gobain, and ESD-SIC BV.

    Silicon Carbide Market Trends

      • Growing application of silicon carbide in electronics and semiconductors to aid market growth

    Silicon carbide (SiC), a semiconductor material made of silicon and carbon, is used to create high-voltage power devices, such as electric vehicles (EVs), power supplies, motor control circuits, and inverters. SiC has a number of benefits over traditional silicon-based power devices like IGBTs and MOSFETs. It is used in manufacturing electronic products and inverters in EVs, among others. Power electronic modules made with SiC are significantly more powerful and energy-efficient than those made with traditional semiconductors like silicon because SiC enables power devices to operate at much higher temperatures, voltages, and switching frequencies.

    SiC devices are widely used in the automotive industry, particularly in manufacturing electric vehicles and plug-in hybrid vehicles (PHEVs). The power systems for next-generation EVs must be able to boost the vehicle's efficiency and the rate of battery recharge. SiC inverters are proving to be a crucial component of the answer to these problems. The inverter controls the amount of power supplied to the motor in accordance with driving requirements and converts the input direct current to alternating current. The inverter's importance increases as automotive electric buses gradually transition from 400 V to 800 V.

    An inverter based on SiC can achieve up to 99% efficiency, compared to a traditional inverter's 97% to 98% efficiency in transferring energy from the battery to the motor. It is crucial to emphasize how a one- or two-decimal-place increase in efficiency significantly impacts the entire vehicle. The increasing demand for EVs is anticipated to have a significant impact on the growth of the silicone carbide market growth. According to the International Energy Agency's (IEA) EV Outlook, 2021, there were about 3 million electric vehicle sales worldwide in 2020 and a 41% increase in electric vehicle registrations.

    Due to its unique qualities, silicon carbide has been hailed as a possible silicon replacement. SiC technology is widely regarded as a trustworthy replacement for silicon. The comprehensive bandgap material provides unheard-of energy efficiency by lowering switching and conduction losses under particular loads and providing significantly better thermal management. SiC devices are also less expensive, require fewer external components, and have more dependable system designs. SiC's greater efficiency, smaller form factor, and lighter weight also allow for more intelligent designs with less cooling need, which has enormous innovation potential. Such characteristics of SiC have enhanced the market CAGR.

    To cater to the demand, companies in the market are launching new products and studying to enhance the application of silicon carbide. This is another factor bolstering the growth of the Silicon Carbide market revenue.

    The Global Silicon Carbide Market is poised for robust growth, driven by increasing demand in power electronics and electric vehicles, which underscores its pivotal role in advancing sustainable technologies.

    U.S. Department of Energy

    Silicon Carbide Market Drivers

    Market Trends and Projections

    Rising Demand for Electric Vehicles

    The increasing adoption of electric vehicles (EVs) is a pivotal driver for the Global Silicon Carbide Market Industry. Silicon carbide is integral in power electronics for EVs, enhancing efficiency and performance. As the global automotive industry shifts towards electrification, the demand for silicon carbide components is projected to rise significantly. By 2024, the market is expected to reach 2.07 USD Billion, reflecting the growing need for advanced materials that can withstand high temperatures and voltages. This trend is likely to continue as governments worldwide implement stricter emissions regulations, further propelling the demand for silicon carbide in EV applications.

    Expansion in Renewable Energy Sector

    The Global Silicon Carbide Market Industry is experiencing growth due to the expansion of the renewable energy sector. Silicon carbide is utilized in solar inverters and wind turbine systems, which are essential for converting and managing renewable energy. As countries strive to meet renewable energy targets, the demand for efficient power conversion technologies is increasing. This trend is expected to contribute to a market valuation of 3.43 USD Billion by 2035. The integration of silicon carbide in renewable energy systems not only enhances performance but also supports sustainability goals, making it a crucial component in the transition to cleaner energy sources.

    Growing Demand for Energy-Efficient Devices

    The demand for energy-efficient devices is a critical driver for the Global Silicon Carbide Market Industry. As industries and consumers seek to reduce energy consumption and lower operational costs, silicon carbide's superior thermal conductivity and efficiency make it an attractive choice for power electronics. Applications in industrial automation, consumer electronics, and telecommunications are expanding, driven by the need for devices that can operate at higher efficiencies. This trend is expected to sustain the market's growth trajectory, contributing to a projected market size of 2.07 USD Billion by 2024. The focus on energy efficiency aligns with global sustainability initiatives, further enhancing the relevance of silicon carbide.

    Increased Investment in Research and Development

    Increased investment in research and development (R&D) is propelling advancements in the Global Silicon Carbide Market Industry. Companies and governments are allocating resources to explore new applications and improve the performance of silicon carbide materials. This investment is fostering innovation in areas such as high-voltage power supplies, electric propulsion systems, and advanced manufacturing processes. As R&D efforts yield new technologies, the market is likely to benefit from enhanced product offerings and expanded applications. This trend may contribute to the anticipated growth of the market, with a CAGR of 4.7% projected for the period from 2025 to 2035.

    Technological Advancements in Semiconductor Manufacturing

    Technological advancements in semiconductor manufacturing are significantly influencing the Global Silicon Carbide Market Industry. Innovations in production techniques, such as the development of high-quality substrates and improved crystal growth methods, are enhancing the performance and reliability of silicon carbide devices. These advancements are likely to reduce production costs and increase the availability of silicon carbide components across various applications. As a result, the market is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2035. This growth is indicative of the increasing reliance on silicon carbide in high-performance electronics and power systems.

    Market Segment Insights

    Silicon Carbide Type Insights

    The Silicon Carbide market segmentation, based on type, includes Black silicon carbide and green silicon carbide. The black Silicon Carbide segment held the majority share in 2022, contributing to around ~66-68% of the Silicon Carbide market revenue. This is primarily owing to the growing chemical industry and increasing manufacturing capacities due to high demand in the market. Moreover, companies in the market are investing in expanding their manufacturing capacities, this is anticipated to propel the market growth during the forecast period.

    January 2021: Pingluo Binhe Silicon Carbide Products Co., located in Ningxia, a black silicon carbide manufacturer in China, increased production by about 50% from about 10,000t to 15000t.

    September 2022: Wolfspeed declared it would erect brand-new, multibillion-dollar materials manufacturing facility in North Carolina's Chatham County. The investment is intended to produce a more than 10-fold increase in Wolfspeed's current capacity for producing silicon carbide on its Durham campus, supporting the business's long-term growth strategy, accelerating the uptake of silicon carbide semiconductors across a wide range of end markets, and launching a new era of energy efficiency.

    Silicon Carbide Application Insights

    The Silicon Carbide market segmentation, based on type, includes steel & energy, automotive, aerospace & aviation, military & defense, electronics & semiconductors, and medical & healthcare. The electronics & semiconductors segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period 2022-2030. Rising semiconductor production worldwide and growing semiconductor adoption, which is leading to increasing semiconductor shipments across the globe, are also anticipated to be significant drivers of the growth of the market. The manufacturing of semiconductors uses silicon carbide extensively.

    Over one trillion units of semiconductors were shipped in 2020, a 14 percent increase from the number seen in 2020. Therefore, increasing semiconductor adoption is anticipated to favorably impact the Silicon Carbide market growth.

    January 2022: Toshiba Electronic Devices & Storage Corporation introduced two silicon carbide (SiC) MOSFET Dual Modules: "MG600Q2YMS3," with a voltage rating of 1200V and drained current rating of 600A, and "MG400V2YMS3," with a voltage rating of 1700V and drain current rating of 400A. This launch is anticipated to create growth opportunities for the Silicon Carbide industry.

    January 2023: onsemi introduced its silicon carbide (SiC) family, "EliteSiC". At the Consumer Electronics Show (CES) in Las Vegas, the company unveiled three new members of the family: a 1700 V EliteSiC MOSFET and two 1700 V avalanche-rated EliteSiC Schottky diodes.

    Figure 2: Silicon Carbide Market, by Application, 2023 & 2032 (USD billion)

    Get more detailed insights about Silicon Carbide Market Research Report - Forecast to 2032

    Regional Insights

    By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific Silicon Carbide Market accounted for USD 1.3 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to numerous businesses in this area engaged in producing silicon carbide ceramics, including those producing glass, glassware, machinery, aerospace, and defense products.

    Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 3: SILICON CARBIDE MARKET SHARE BY REGION 2023 (%) 

    SILICON CARBIDE MARKET SHARE BY REGION

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

    Europe Silicon Carbide market accounts for the second-largest market share in 2022. The demand is anticipated to rise due to the quick adoption of zero-emission technologies worldwide. Further, the Germany Silicon Carbide market held the largest market share, and the UK Silicon Carbide market was the fastest-growing market in the European Region.

    The North America Silicon Carbide market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the presence of increasing vehicle production and a sizable workforce in the automotive industry. Moreover, the U.S. Silicon Carbide market held the largest market share and Canada Silicon Carbide market is the fastest-growing market in the North American Region.

    Key Players and Competitive Insights

    Major market players, while a few well-established vendors are approaching integration with the development of value-added products for the electronics industry. Some players are focused on the development of abrasives-based SiC. Companies are also taking a range of initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, increased investments, and collaboration with other players. Competitors in the Silicon Carbide industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

    Some of the business strategies manufacturers adopt in the Silicon Carbide industry are expanding the manufacturing capacity to meet the rising demand for it. In recent years, the Silicon Carbide industry has launched some new products in the market. The Silicon Carbide market major player such as CUMI EM, AGSCO Corp, Saint-Gobain, ESD-SIC BV, and others are working on expanding the market demand by raising funds for research and development activities.

    CUMI EM company in the ceramics, electro minerals, and abrasives sectors. Along with super refractories, electro minerals, industrial ceramics, and ceramic fibers, CUMI was a pioneer in India's production of coated and bonded abrasives. CUMI is broadening the distribution of its products in line with the vision. The company produces over 20,000 different product varieties at 25 different facilities in 25 countries, including India, Russia, South Africa, Australia, China, Thailand, and Canada. Forty-three nations around the world receive CUMI's exports of goods. The company manufactures and distributes silicone carbide ly.

    Also, Saint-Gobain is an international company that is one of the leader in the construction industry. The company has a presence in more than 76 countries worldwide. In May 2019, Saint-Gobain completed the sale of its silicon carbide grains and powders business to private equity company OpenGate Capital, which generates annual sales of about €120 million. This transaction is in line with Saint-portfolio Gobain's optimization strategy, which aims to sell off companies with more than €3.0 billion in annual sales by the end of 2019.

    Key Companies in the Silicon Carbide Market market include

    Industry Developments

    • Q2 2024: Infineon Technologies Opens New Silicon Carbide Fab in Kulim, Malaysia Infineon Technologies inaugurated a new silicon carbide manufacturing facility in Kulim, Malaysia, to expand its production capacity for SiC power semiconductors, targeting the growing demand from electric vehicles and renewable energy sectors.
    • Q2 2024: Wolfspeed Secures $1 Billion Contract to Supply SiC Wafers to Major EV Manufacturer Wolfspeed announced a multi-year, $1 billion contract to supply silicon carbide wafers to a leading electric vehicle manufacturer, strengthening its position as a key supplier in the automotive power electronics market.
    • Q1 2024: STMicroelectronics and ZF Form Joint Venture for SiC Power Devices STMicroelectronics and ZF Friedrichshafen AG established a joint venture to produce silicon carbide power devices for automotive and industrial applications, aiming to accelerate the adoption of SiC technology in electric mobility.
    • Q2 2024: ROHM Announces Expansion of SiC Production Capacity in Japan ROHM Co., Ltd. revealed plans to expand its silicon carbide production facilities in Japan, investing to meet surging demand from the automotive and industrial sectors.
    • Q1 2024: General Electric Launches New SiC-Based Power Modules for Grid Applications General Electric introduced a new line of silicon carbide-based power modules designed for high-efficiency grid and renewable energy applications, aiming to improve energy conversion and reduce losses.
    • Q2 2024: Infineon Signs Long-Term SiC Wafer Supply Agreement with Showa Denko Infineon Technologies entered a long-term supply agreement with Showa Denko for silicon carbide wafers, securing critical raw materials for its expanding SiC device production.
    • Q1 2024: Wolfspeed Appoints New CEO to Lead Next Phase of SiC Expansion Wolfspeed announced the appointment of a new Chief Executive Officer, signaling a strategic focus on scaling up silicon carbide manufacturing and global market reach.
    • Q2 2024: STMicroelectronics Announces $730 Million Investment in SiC Wafer Plant in Italy STMicroelectronics committed $730 million to build a new silicon carbide wafer manufacturing plant in Catania, Italy, aiming to boost European supply chain resilience for power electronics.
    • Q1 2024: Bosch Opens New SiC Chip Production Line in Germany Bosch inaugurated a new silicon carbide chip production line at its Reutlingen facility, expanding its capacity to supply SiC semiconductors for electric vehicles and industrial applications.
    • Q2 2024: Renesas Electronics Acquires SiC Specialist Transphorm for $339 Million Renesas Electronics completed the acquisition of Transphorm, a specialist in silicon carbide and gallium nitride power semiconductors, to strengthen its portfolio for automotive and industrial markets.
    • Q1 2024: Danfoss Launches New SiC Power Modules for Industrial Drives Danfoss introduced a new range of silicon carbide power modules aimed at improving efficiency and performance in industrial drive applications, targeting sectors such as manufacturing and renewable energy.

    Future Outlook

    Silicon Carbide Market Future Outlook

    The Silicon Carbide Market is projected to grow at a 4.7% CAGR from 2024 to 2035, driven by advancements in electric vehicles, renewable energy, and semiconductor applications.

    New opportunities lie in:

    • Develop advanced SiC-based power electronics for electric vehicles.
    • Innovate in SiC substrates for high-efficiency solar cells.
    • Expand SiC applications in 5G technology and telecommunications infrastructure.

    By 2035, the Silicon Carbide Market is expected to achieve substantial growth, solidifying its role in key technological advancements.

    Market Segmentation

    Silicon Carbide Type Outlook

    • Black Silicon Carbide
    • Green Silicon Carbide

    Silicon Carbide Regional Outlook

    North America
    • US
    • Canada

    Silicon Carbide Application Outlook

    • Steel & Energy
    • Automotive
    • Aerospace & Aviation
    • Military & Defense
    • Electronics & Semiconductors
    • Medical & Healthcare

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 1.98 billion
    Market Size 2024 USD 2.07 billion
    Market Size 2032 USD 2.99 billion
    Compound Annual Growth Rate (CAGR) 4.70% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018 - 2021
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled CUMI EM, AGSCO Corp, Saint-Gobain, and ESD-SIC BV
    Key Market Opportunities Increase in steel production
    Key Market Dynamics Growing demand for SiC Devices in power electronics Rising investments by governments

    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

    How much is the Silicon Carbide market?

    The Silicon Carbide market size was valued at USD 1.98 Billion in 2023.

    What is the growth rate of the Silicon Carbide market?

    The market is projected to grow at a CAGR of 4.70% during the forecast period, 2024-2032.

    Which region held the largest market share in the Silicon Carbide market?

    North America had the largest share of the market

    Who are the key players in the Silicon Carbide market?

    The key players in the market are CUMI EM, AGSCO Corp, Saint-Gobain, and ESD-SIC BV.

    Which type led the Silicon Carbide market?

    The black Silicon Carbide category dominated the market in 2023.

    Which application had the largest market share in the Silicon Carbide market?

    The electronics & semiconductors had the largest share of the market.

    1.     Executive Summary  
    2.     Scope of the Report    
    3.  Market Definition    
      1.     Scope of the Study    
        1.     Research Objectives  
        2.     Assumptions & Limitations    
      2.     Markets Structure    
    4.  Market Research Methodology    
      1.     Research
    5. Process    
      1.     Secondary Research  
      2.     Primary Research    
    6.  Forecast Model    
    7.     Market Landscape  
      1.     Five Forces Analysis    
    8.  Threat of New Entrants    
      1.     Bargaining
    9. power of buyers    
      1.     Threat of substitutes  
        1.     Segment rivalry    
    10.  Value Chain/Supply Chain of Silicon Carbide
    11.     Industry
    12. Overview of Silicon Carbide Market    
      1.     Introduction  
      2.     Growth Drivers    
    13.  Impact analysis    
      1.     Market Challenges  
    14.     Market Trends    
    15.  Introduction    
      1.     Growth Trends  
      2.     Impact analysis    
    16. Silicon Carbide Market by Product
      1.     Introduction
    17.  Black Silicon Carbide
      1. Market Estimates & Forecast 2023-2030
        1. Market Estimates & Forecast by Region 2023-2030
    18.  Green silicon Carbide 
    19.     7.3.1 Market Estimates
    20. & Forecast 2023-2030
      1. Market Estimates & Forecast by Region 2023-2030
    21.  Global Silicon Carbide Market by Application
      1.     Introduction
      2.     Steel & Energy 
        1. Market Estimates &
    22. Forecast 2023-2030
      1. Market Estimates & Forecast by Region 2023-2030
      2.     Automotive 
        1. Market Estimates & Forecast
        2. Market Estimates & Forecast by Region 2023-2030
    23.  Aerospace & Aviation 
      1. Market Estimates & Forecast
        1. Market Estimates & Forecast by Region 2023-2030
    24.  Military & Defense 
    25.     8.5.1 Market Estimates
    26. & Forecast 2023-2030
      1. Market Estimates & Forecast by Region 2023-2030
      2.     Electronics & Semiconductors 
    27.  8.6.1 Market Estimates & Forecast 2023-2030
      1. Market Estimates
    28. & Forecast by Region 2023-2030
      1.     Medical & Healthcare 
    29.     8.7.1 Market Estimates & Forecast 2023-2030
    30. Market Estimates & Forecast by Region 2023-2030
      1.     others 
    31.     8.8.1 Market Estimates & Forecast 2023-2030
    32. Market Estimates & Forecast by Region 2023-2030
    33.    Silicon
    34. Carbide Market by Region
      1.     Introduction
    35.  North America
      1. Market Estimates & Forecast 2023-2030
    36. Market Estimates & Forecast by Product 2023-2030
      1. Market Estimates
    37. & Forecast by Application 2023-2030
      1.     US
    38. Market Estimates & Forecast 2023-2030
      1. Market Estimates & Forecast
    39. by Product 2023-2030
      1. Market Estimates & Forecast by Application
        1.     Canada
    40. & Forecast 2023-2030
      1. Market Estimates & Forecast by Product
        1. Market Estimates & Forecast by Application 2023-2030
    41.  Europe
      1. Market Estimates & Forecast 2023-2030
        1. Market
    42. Estimates & Forecast by Product 2023-2030
      1. Market Estimates &
    43. Forecast by Application 2023-2030
      1.     Germany
    44. Market Estimates & Forecast 2023-2030
      1. Market Estimates & Forecast
    45. by Product 2023-2030
      1. Market Estimates & Forecast by Application
        1.     France
    46. Forecast 2023-2030
      1. Market Estimates & Forecast by Product 2023-2030
        1. Market Estimates & Forecast by Application 2023-2030
    47.  Italy
      1. Market Estimates & Forecast 2023-2030
    48. Market Estimates & Forecast by Product 2023-2030
      1. Market Estimates
    49. & Forecast by Application 2023-2030
      1.     Spain
        1. Market Estimates & Forecast 2023-2030
    50. & Forecast by Product 2023-2030
      1. Market Estimates & Forecast
    51. by Application 2023-2030
      1.     UK
        1. Market
    52. Estimates & Forecast 2023-2030
      1. Market Estimates & Forecast
    53. by Product 2023-2030
      1. Market Estimates & Forecast by Application
        1.     Russia
    54. Forecast 2023-2030
      1. Market Estimates & Forecast by Product 2023-2030
        1. Market Estimates & Forecast by Application 2023-2030
    55.  Poland
      1. Market Estimates & Forecast 2023-2030
    56. Market Estimates & Forecast by Product 2023-2030
      1. Market Estimates
    57. & Forecast by Application 2023-2030
      1.     Asia Pacific
        1. Market Estimates & Forecast 2023-2030
        2. Market Estimates &
    58. Forecast by Product 2023-2030
      1. Market Estimates & Forecast by Application
        1.     China
    59. Forecast 2023-2030
      1. Market Estimates & Forecast by Product 2023-2030
        1. Market Estimates & Forecast by Application 2023-2030
    60.  India
      1. Market Estimates & Forecast 2023-2030
    61. Market Estimates & Forecast by Product 2023-2030
      1. Market Estimates
    62. & Forecast by Application 2023-2030
      1.     Japan
        1. Market Estimates & Forecast 2023-2030
    63. & Forecast by Product 2023-2030
      1. Market Estimates & Forecast
    64. by Application 2023-2030
      1.     Australia
    65. Market Estimates & Forecast 2023-2030
      1. Market Estimates & Forecast
    66. by Product 2023-2030
      1. Market Estimates & Forecast by Application
        1.     New Zealand
    67. & Forecast 2023-2030
      1. Market Estimates & Forecast by Product
        1. Market Estimates & Forecast by Application 2023-2030
    68.  Rest of Asia Pacific
      1. Market Estimates & Forecast 2023-2030
        1. Market Estimates & Forecast by Product 2023-2030
    69. Estimates & Forecast by Application 2023-2030
      1.     Middle
    70. East & Africa 
      1. Market Estimates & Forecast 2023-2030
        1. Market Estimates & Forecast by Product 2023-2030
        2. Market Estimates
    71. & Forecast by Application 2023-2030
      1. Turkey
        1. Market
    72. Estimates & Forecast 2023-2030
      1. Market Estimates & Forecast
    73. by Product 2023-2030
      1. Market Estimates & Forecast by Application
        1. Israel 
    74. Market Estimates & Forecast by Application 2023-2030
      1. North Africa 
        1. Market Estimates & Forecast 2023-2030
    75. & Forecast by Product 2023-2030
      1. Market Estimates & Forecast
    76. by Application 2023-2030
      1. GCC
        1. Market Estimates &
    77. Forecast 2023-2030
      1. Market Estimates & Forecast by Product 2023-2030
        1. Market Estimates & Forecast by Application 2023-2030
        2. Rest
    78. of Middle East & Africa 
      1. Market Estimates & Forecast 2023-2030
        1. Market Estimates & Forecast by Product 2023-2030
    79. Estimates & Forecast by Application 2023-2030
      1.     Latin
    80. America
      1. Market Estimates & Forecast 2023-2030
        1. Market Estimates
    81. & Forecast by Product 2023-2030
      1. Market Estimates & Forecast by
    82. Application 2023-2030
      1. Brazil 
        1. Market Estimates
    83. & Forecast 2023-2030
      1. Market Estimates & Forecast by Product
        1. Market Estimates & Forecast by Application 2023-2030
    84. Argentina 
      1. Market Estimates & Forecast 2023-2030
    85. Market Estimates & Forecast by Product 2023-2030
      1. Market Estimates
    86. & Forecast by Application 2023-2030
      1. Mexico 
        1. Market
    87. Estimates & Forecast 2023-2030
      1. Market Estimates & Forecast
    88. by Product 2023-2030
      1. Market Estimates & Forecast by Application
        1. Rest of Latin America 
    89. & Forecast 2023-2030
      1. Market Estimates & Forecast by Product
        1. Market Estimates & Forecast by Application 2023-2030
    90.  Company Landscape
    91.     Company Profiles  
      1.     Grindwell Norton
        1.     Company
    92. Overview
      1.     Type/Business Segment Overview
    93.  Financial Updates
      1.     Key Developments
      2.     ESK SIC GmbH
        1.     Company Overview
        2.     Type/Business Segment Overview
    94.  Financial Updates
      1.     Key Developments
    95.      Dow Chemical company
      1.     Company Overview
        1.     Type/Business Segment Overview
    96.  Financial Updates
      1.     Key Developments
    97.  Carborundum Universal
      1.     Company Overview
    98.  Type/Business Segment Overview
      1.     Financial Updates
        1.     Key Developments
      2.     Entegris
    99. Inc
      1.     Company Overview
        1.     Type/Business
    100. Segment Overview
      1.     Financial Updates
    101.  Key Developments
      1.     Norstel AB
    102.  Company Overview
      1.     Type/Business Segment Overview
        1.     Financial Updates
        2.     Key Developments
    103.  Renesas Electronics Corporation
      1.     Company Overview
        1.     Type/Business Segment Overview
    104.  Financial Updates
      1.     Key Developments
    105.  ROHM Co 
      1.     Company Overview
    106.  Type/Business Segment Overview
      1.     Financial Updates
        1.     Key Developments
      2.     Toshiba
    107. Corporation  
      1.     Company Overview
    108.  Type/Business Segment Overview
      1.     Financial Updates
        1.     Key Developments
      2.     Microsemi
    109. Corporation
      1.     Company Overview
    110.  Type/Business Segment Overview
      1.     Financial Updates
        1.     Key Developments
    111.     Conclusion
    112. To 2030)  
    113. Country 2023-2030  
    114. Market By Country 2023-2030  
    115. By Regions 2023-2030  
    116. Carbide by Types By Country 2023-2030  
    117. Carbide by Types By Country 2023-2030  
    118. Silicon Carbide by Types By Country 2023-2030  
    119. East & Africa Silicon Carbide by Types By Country 2023-2030  
    120.  Latin America Silicon Carbide by Types By Country 2023-2030  
    121.  North America Silicon Carbide for Application By Country 2023-2030  
    122. By Country 2023-2030  
    123. Silicon Carbide for Application By Country 2023-2030  
    124.  Latin America Silicon Carbide for Application By Country 2023-2030 
    125.  Global Application Market By Region 2023-2030  
    126.  North America Market By Country  
    127. America Market By Product  
    128. By Application 
    129.  Europe Market By Application  
    130. Market By Product
    131.  Latin America Market By Product
    132. Market By Application 
    133. Silicon Carbide Market segmentation
    134. Chain of Silicon Carbide Market
    135. in 2020 by country (in %)
    136. size by Product 2020
    137. Silicon Carbide Market size by Application 2020
    138. Carbide Market by Application 2023-2030

    Silicon Carbide Market Segmentation 

    Silicon Carbide Product Outlook (USD Billion, 2018-2030)

    Black Silicon Carbide

    Green Silicon Carbide

    Silicon Carbide Application Outlook (USD Billion, 2018-2030)

    Steel & Energy

    Automotive

    Aerospace & Aviation

    Military & Defense

    Electronics & Semiconductors

    Medical & Healthcare

    Silicon Carbide Regional Outlook (USD Billion, 2018-2030)

    North America Outlook (USD Billion, 2018-2030)

    • North America Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • North America Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • US Outlook (USD Billion, 2018-2030)
    • US Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • US Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • CANADA Outlook (USD Billion, 2018-2030)
    • CANADA Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • CANADA Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare

    Europe Outlook (USD Billion, 2018-2030)

    • Europe Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • Europe Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • Germany Outlook (USD Billion, 2018-2030)
    • Germany Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • Germany Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • France Outlook (USD Billion, 2018-2030)
    • France Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • France Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • UK Outlook (USD Billion, 2018-2030)
    • UK Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • UK Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • ITALY Outlook (USD Billion, 2018-2030)
    • ITALY Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • ITALY Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • SPAIN Outlook (USD Billion, 2018-2030)
    • Spain Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • Spain Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • Rest Of Europe Outlook (USD Billion, 2018-2030)
    • Rest Of Europe Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • REST OF EUROPE Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare

    Asia-Pacific Outlook (USD Billion, 2018-2030)

    • Asia-Pacific Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • Asia-Pacific Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • China Outlook (USD Billion, 2018-2030)
    • China Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • China Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • Japan Outlook (USD Billion, 2018-2030)
    • Japan Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • Japan Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • India Outlook (USD Billion, 2018-2030)
    • India Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • India Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • Australia Outlook (USD Billion, 2018-2030)
    • Australia Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • Australia Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)
    • Rest of Asia-Pacific Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • Rest of Asia-Pacific Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare

    Rest of the World Outlook (USD Billion, 2018-2030)

    • Rest of the World Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • Rest of the World Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • Middle East Outlook (USD Billion, 2018-2030)
    • Middle East Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • Middle East Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • Africa Outlook (USD Billion, 2018-2030)
    • Africa Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • Africa Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    • Latin America Outlook (USD Billion, 2018-2030)
    • Latin America Silicon Carbide by Product
      • Black Silicon Carbide
      • Green Silicon Carbide
    • Latin America Silicon Carbide by Application
      • Steel & Energy
      • Automotive
      • Aerospace & Aviation
      • Military & Defense
      • Electronics & Semiconductors
      • Medical & Healthcare
    Silicon Carbide Market Research Report - Forecast to 2032 Infographic
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    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials