According to the latest report by IMARC Group, titled “Silicon Carbide Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global silicon carbide market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the global Silicon Carbide market to grow at a CAGR of around 16% during the forecast period (2021-2026).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Silicon carbide or carborundum is a compound of silica and carbon. It is a hard refractory material that occurs naturally as the rare mineral moissanite. It can also be synthesized artificially in the form of SiC powder. It delivers high power switching applications in extreme environmental conditions and provides high thermal conductivity, resistance to corrosion and abrasions. As a result, silicon carbide finds application across various industries such as aviation, aerospace, automotive, telecommunication, defense and electronics.
The global silicon carbide market is primarily driven by the increasing demand for semiconductor electronic devices that are operated at high temperatures and high voltage. In addition, silicon carbide is also utilized in the manufacturing of various components, including automotive brakes, clutch, detectors, light-emitting diodes (LED), ceramic plates and bulletproof jackets. Besides this, the growing environmental degradation has escalated the demand for silicon carbide as it produces lesser sulfur, aluminum, and nitrogen content and can be recycled. Furthermore, the implementation of favorable government policies promoting the use of renewable energy resources for power generation is also positively influencing the market growth.
Silicon Carbide Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global silicon carbide market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AGSCO Corp
- Carborundum Universal Limited (Murugappa Group)
- Compagnie de Saint-Gobain S.A.
- Cree Inc.
- Entegris Inc.
- ESK-SIC GmbH
- Fuji Electric Co. Ltd.
- General Electric Company
- Genesic Semiconductor Inc.
- Infineon Technologies AG
- Renesas Electronics Corporation
- SNAM Abrasives Pvt Ltd
The report has segmented the global silicon Carbide market on the basis of product, application and region.
Breakup by Product:
- Black Silicon Carbide
- Green Silicon Carbide
- Others
- Steel
- Automotive
- Aerospace
- Military and Defense
- Electrical and Electronics
- Healthcare
- Others
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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