Sintering Silicon Carbide Industry Expected to Reach $2.52 Billion by 2029 at 6.8% CAGR

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Sintering Silicon Carbide Market Value Projection: How Much Will the Market Size by 2025?
In recent years, the market size of sintering silicon carbide has seen robust growth. Its size is predicted to increase from $1.83 billion in 2024 to $1.94 billion in 2025, marking a compound annual growth rate (CAGR) of 5.9%. This sharp growth phenomenon during the past years is due to the rise in the demand for high-performance elements within the automotive sector, a surge in usage in the semiconductor industry, escalating requirement for sophisticated semiconductors, growing application of consumer electronics, and an uptrend in the adoption of silicon carbide powders in the aerospace and defense sectors.

What Will Be the Market Growth Forecat for Sintering Silicon Carbide in 2029?
Predictions suggest a solid upward trend in the sintering silicon carbide market in the coming years, with its worth speculated to reach $2.52 billion by the end of 2029, exhibiting a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this rise during the forecasted period include a rising demand for electric vehicles (EVs) and innovations in renewable energy technologies, an increased need for high-performance electronics, progress in the semiconductor sector, an upsurge in the use of power devices in industrial arenas, and widening applications of silicon carbide in the electronics and semiconductor sector. Noteworthy market trends during this period include a movement towards electric vehicles (EVs) and hybrid electric vehicles (HEVs), a shift towards environmentally-friendly energy solutions, and burgeoning markets in LED lighting and optoelectronics.

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What Are the Core Competitive Drivers in the Sintering Silicon Carbide Industry?
The upward trend in demand for consumer electronics is projected to boost the sintering silicon carbide market expansion. Personal or home-use electronic devices, such as smartphones, laptops, TVs, gaming consoles, and smart home devices, all fall under the umbrella of consumer electronics. They are becoming increasingly popular as they simplify routine tasks, improve connectivity, and offer intelligent solutions for communication and home automation. High-functioning, heat-resistant, and durable elements provided by sintered silicon carbide greatly enhance consumer electronics such as power electronics, semiconductors, and protective coatings, leading to improved efficiency, dependability, and lifespan of devices. For example, the annual financial report 2022 released by LG in January 2023 stated that the South Korean consumer electronics firm saw its highest ever annual revenue rise by 12.9% in 2022. In addition, the LG Home Appliance & Air Solution Company reported a 10.3% year-on-year revenue growth, earning $0.021 trillion (KRW 29.9 trillion). As a result, the upsurge in demand for consumer electronics is fueling the growth of the sintering silicon carbide market.

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Which Sintering Silicon Carbide Market Segment Is Projected to See the Fastest Growth?
The sintering silicon carbide market covered in this report is segmented -

1) By Type: Hot Pressing Sintering, Pressureless Sintering, Reaction Sintering, Recrystallization Sintering, Microwave Sintering, Other Types
2) By Form: Powder, Solid, Fiber
3) By Application: Automotive Components, Heat Exchanger Tubes, Mechanical Seals, Bearings, Semiconductor Production, Other Applications

Subsegments:

1) By Hot Pressing Sintering Type: Graphite Die Hot Pressing, Induction Hot Pressing, Spark Plasma Sintering, Hot Isostatic Pressing (HIP), Vacuum Hot Pressing
2) By Pressureless Sintering Type: Solid-State Sintering, Liquid-Phase Sintering, Gas-Phase Sintering, Activated Sintering, Self-Propagating High-Temperature Sintering
3) By Reaction Sintering Type: Reaction-Bonded Silicon Carbide (RBSC), Reaction-Bonded Silicon Nitride (RBSN), Reaction-Bonded Boron Carbide (RBBC), Reaction-Bonded Alumina (RBA), Other Reaction Sintered Materials
4) By Recrystallization Sintering Type: High-Purity Recrystallized Silicon Carbide, Recrystallized Alumina, Recrystallized Boron Nitride, Other Recrystallized Ceramic Materials
5) By Microwave Sintering Type: Single-Mode Microwave Sintering, Multi-Mode Microwave Sintering, Hybrid Microwave Sintering, Low-Temperature Microwave Sintering, High-Temperature Microwave Sintering
6) By Other Sintering Types: Electric Field-Assisted Sintering, Flash Sintering, Cold Sintering Process (CSP), Ultra-Rapid Sintering, Nano-Sintering

Which Trends Are Opening New Opportunities in the Sintering Silicon Carbide Market?
Key players within the sintering silicon carbide market are focusing on the creation of novel solutions like high-performance semiconductor devices to improve performance in applications requiring high power and high efficiency. Advanced semiconductor devices, which utilize the latest materials and technologies, offer enhanced efficiency, speed, and power management across sectors such as communication, computing, and energy systems. For instance, BYD Semiconductor Co., Ltd., a Chinese semiconductor manufacturer, in June 2022, announced a new 1200V 1040A Silicon Carbide (SiC) power module. This module, while retaining the original module package size, delivers almost 30% more power than conventional products. The device incorporates a two-sided sintering technique at the bottom surface in lieu of the classic soldering process. This advancement enhances thermal conductivity of the connection layer by a factor of 10 and increases reliability by over five times.

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Who Are the Leaders in the Sintering Silicon Carbide Market?
Major companies operating in the sintering silicon carbide market are Saint-Gobain Ceramic Materials, Fujitsu Limited, Kyocera Corporation, Onsemi, Rohm Semiconductor, Vesuvius plc, CoorsTek Inc., Schunk Carbon Technology (Schunk Group), Morgan Advanced Materials plc, Noritake Co. Limited, CeramTec GmbH, National Silicon Industries Ltd. (NSIL), H.C. Starck Ceramics GmbH, Elmet Technologies Inc., Blasch Precision Ceramics Inc., Rauschert GmbH, Panadyne Inc., Advanced Ceramic Materials (ACM), Syalon Ceramics (International Syalons), SentroTech Corporation

Which Regional Sintering Silicon Carbide Markets Offer the Greatest Growth Potential?
Asia-Pacific was the largest region in the sintering silicon carbide market in 2024. The regions covered in the sintering silicon carbide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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