High-Purity Silicon Carbide Powder for Wafer Market Share Accelerated by Wide-Bandgap Semiconductor Demand | Valuates Reports

High-purity Silicon Carbide Powder for Wafer Market Size
The global market for High-purity Silicon Carbide Powder for Wafer was valued at US$ 232 million in the year 2024 and is projected to reach a revised size of US$ 659 million by 2031, growing at a CAGR of 16.3% during the forecast period.

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The High-Purity Silicon Carbide Powder for Wafer Market is gaining strong momentum as the semiconductor industry rapidly transitions toward wide-bandgap materials for advanced power electronics. Market trends indicate rising adoption of SiC wafers in electric vehicles, fast-charging infrastructure, renewable energy systems, and high-frequency industrial applications, resulting in greater demand for ultra-pure SiC powder. With manufacturers prioritizing thermal stability, high breakdown voltage, and improved energy efficiency, the market size continues to expand, supported by innovation in materials processing and next-generation wafer technologies.

Among type segments, the SHS method currently holds the largest market share due to its established production scalability and suitability for generating high-purity powder used in mainstream wafer fabrication. The CVD method is experiencing the fastest market growth as manufacturers increasingly focus on ultra-high-purity materials required for premium wafer quality. The Acheson method remains relevant for certain production environments, contributing to market diversity while supporting broader adoption across multiple wafer grades.

In application segmentation, the 6-inch category dominates the market share, driven by strong industry alignment toward this wafer size for high-performance power devices. The fastest market growth is seen in the 8-inch segment as global semiconductor companies advance toward larger wafer formats to improve yield and reduce manufacturing costs. The 4-inch segment continues to serve research environments, legacy production lines, and specialized device manufacturers, contributing to overall market stability.

Leading companies such as Wolfspeed, Coherent Corp., SK Siltron, SiCrystal, Resonac, STMicroelectronics, TankeBlue, SICC, Hebei Synlight Semiconductor, Shanxi Semisic Crystal, Fiven, and Pacific Rundum maintain strong market share supported by advanced material purification technologies and vertically integrated production ecosystems. Publicly available company insights highlight continuous investments in crystal growth, powder refinement, and wafer expansion capabilities, positioning these players at the forefront of global SiC adoption. Their strategic expansions, process optimization initiatives, and long-term supply partnerships are contributing significantly to overall market growth.

Regionally, Asia-Pacific leads consumption due to the presence of major wafer fabrication hubs and robust investment in SiC-based power electronics. North America maintains substantial market share fueled by strong participation from leading SiC producers and expanding EV and industrial electronics sectors. Europe continues to strengthen its position through policy support for energy-efficient technologies and accelerated development in automotive power systems. Emerging demand across Southeast Asia, Latin America, and other developing regions further supports market expansion. The market forecast reflects continued market growth driven by technological advancement, increased adoption of wide-bandgap semiconductors, expansion of domestic wafer production, and ongoing material innovation across global fabs.

by Type

• SHS Method
• Acheson Method
• CVD Method

by Application

• 4 Inch
• 6 Inch
• 8 Inch

By Company

Wolfspeed, Coherent Corp., SK Siltron, SiCrystal, Resonac, STMicroelectronics, TankeBlue, SICC, HebHebei Synlight Semiconductor, Shanxi Semisic Crystal, Fiven, Pacific Rundum

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