Press release
Silicon Carbide Market Shares 2023, Price Trend and Industry Analysis by Grindwell Norton, ESK SIC GmbH, Dow Chemical Company, Carborundum Universal, Entegris Inc, Norstel AB, Renesas Electronics Corporation, ROHM Co Ltd, Toshiba Corporation, Microsemi
Silicon Carbide (SiC) Market to Perceive a Significant Growth By 2023
The MRFR analysis is segmented into three key dynamics;
By Applications : Aerospace & Aviation, Steel & Energy, Automotive, Military & Defense, Medical & Healthcare, and Electronics & Semiconductors, among others.
By Products: Black and Green Silicon Carbide, among others (refractory, metallurgical, coated, micro grit, and metallurgical briquettes).
By Regions: North America, Europe, APAC and the Rest-of-the-World (RoW).
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Silicon Carbide Market – Geographical Analysis
The Asia Pacific region is expected to continue with its dominance over the global silicon carbide market due to the burgeoning industries such as steel & energy, electronics & semiconductors, and the proliferating automotive sector. India and Taiwan, along with South Korea are the largest consumers of the SiC. The huge number of manufacturing plants and the substantial consumption in these countries is the key driving force for the market growth in the region.
North America region accounts for the world’s second-largest market for Silicon Carbide, owing to the massive demand from the automotive industry fuelled by the augmenting demand for commercial vehicles in the region. Owing to their easy and cost-effective production processes Markets in the developed economies witness immense potential in the world of silicon carbide.
The Europe SiC market is one of the promising markets expected to witness steady growth in the next six years. The presence of a well-established aerospace and aviation industry coupled with the growing markets in the countries such as the Netherlands, Russia, and Germany predominantly support the market growth in the region.
Key Players:
The fervent players leading the Global Silicon Carbide Market include Dow Chemical Company (US), Entegris Inc. (US), ESK SIC GmbH (Germany), Carborundum Universal (India), Norstel AB (Sweden), Grindwell Norton (India), ROHM Co Ltd (Japan), Toshiba Corporation (Japan), Renesas Electronics Corporation (Japan), and Microsemi Corporation (US).
Industry/Innovation/Related News:
August 02, 2018 - Wolfspeed (US), a global premier provider of the most field-tested SiC, GaN Power, and RF solutions announced the launch of E-Series, a new family of robust SiC semiconductor devices for the Electric Vehicle (EV) and renewable energy markets that delivers the highest available power density and durability for onboard automotive power conversion systems, off-board charging, solar inverters and other outdoor applications. The company’s E-Series family is the first commercial family of SiC MOSFETs and diodes to be automotive AEC-Q101 qualified and PPAP capable.
Global Silicon Carbide Market – Competitive Landscape
Constant innovations and technologies generate strong investment opportunities. Market players strive to commercialize other techniques such as new tube filaments to lower the cost of producing polysilicon and its continuous Cz feeder that can reduce the cost of producing monocrystalline silicon wafers for the solar industry.
These players try to attain expertise in crystal growth equipment, managing supply chains and in-depth domain knowledge in some advanced materials in addition to the prevailing strategies such as acquisition, partnership, and expansion of manufacturing facilities to gain the competitive advantage.
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