Global Silicon Carbide Markets to 2025 - $6+ Billion Industry Opportunity Study, 2019 - ResearchAndMarkets.com

DUBLIN--()--The "Silicon Carbide Market Size, Share & Trend Analysis Report By Product (Black SiC, Green SiC), End-Use (Steel, Automotive, Aerospace), By Region, And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global silicon carbide market is anticipated to reach USD 6.04 billion by 2025. Power semiconductor applications of the product in aerospace, automotive, energy, and electronics are estimated to significantly drive the market growth over the forecast period.

Silicon carbide has the ability to withstand extreme temperatures. As a result, it is used as a raw material in the production of furnaces, kilns, and reactors which cater to numerous industries such as steel, aluminum, cast iron and metal. The surging demand from metal industry is expected to drive the market for refractory materials, which in turn is expected to benefit the silicon carbide market.

Due to its lightweight & hardness, silicon carbide demand in military & defense is increasing at rapid pace, thus replacing beryllium to manufacture mirrors. The product offers high voltage switching devices for military & defense, thus contributing to augment the growth.

The electrical & electronics industry accounted for significant revenue share in 2018 and the share is expected to increase in 2025. SiC is used to embed the AC and DC high-voltage applications such as cable endings that may experience stress concentrations. Moreover, SiC power modules are significantly adopted in power correction factors, owing to larger critical electric field, wider band gap, and higher thermal conductivity of SiC power semiconductor devices.

Silicon carbide offers low energy losses, high power densities and enables higher efficiency & compact products for long term in-vivo applications ranging from bone implant to neurological implants and sensors. It is also used in polishing and deburring of medical tweezers. Its increasing use in abrasive tools for medical industry is expected to drive the demand from healthcare industry.

China is the largest producer & consumer of the product due to its large metal industry. The market witnesses presence of numerous players in China who export the product to rest of Asia, North America, and Europe.

Further key findings from the report suggest:

  • In terms of revenue, electrical & electronics dominated the market with a share of 25.9% in 2018 owing to rising adoption of SiC power modules in variable frequency drives and power correction factors.
  • Black silicon carbide was the largest consumed product with a revenue share of 55.4% in 2018 due to its significant adoption in the manufacturing of bonded abrasives, refractories, ceramics, steel, and semiconductors.
  • In March 2018, Cree completed the USD 393.3 million acquisition of Infineon Technologies AG Radio Frequency Power Business. This deal was aimed at enabling Cree to supply silicon carbide based power solutions to wireless technologies market.
  • In terms of revenue, the global demand for silicon carbide in automotive industry is forecasted to grow at a CAGR of 14.8% owing to demand of lightweight and high performing power modules in electric vehicles.
  • Asia-Pacific captured the highest volume share of 59.2% in 2018, owing to wide manufacturing base present in the region and rapid expansion of economies like China, India and Southeast Asia.

Key Topics Covered

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Silicon Carbide Market Variables, Trends & Scope

3.1 Market Segmentation

3.2 Penetration & Growth Prospect Mapping

3.3 Silicon Carbide Market - Value chain analysis

3.3.1 Raw Material Trends

3.3.1.1 Silica Sand

3.3.2 Manufacturing Trends

3.3.2.1 Acheson Process

3.3.2.2 Synthesis of Silicon Carbide Powders & Whiskers from Rice Hulls

3.3.2.3 Modified Lely Process

3.3.2.4 Chemical Vapor Disposition

3.3.3 Cost Structure Analysis

3.3.4 Sales Channel Analysis

3.3.4.1 Direct sales

3.3.4.2 Indirect sales

3.3.5 Profit Margin Analysis

3.4 Market Dynamics

3.4.1 Market Driver Analysis

3.4.1.1 Increasing Demand of Refractories

3.4.1.2 Rising Demand From Semiconductor Industry

3.4.2 Market Restraint Analysis

3.4.2.1 Gallium Nitride as a Substitute for Silicon Carbide in Power Modules

3.5 Regulatory Framework

3.6 Porter's Analysis

3.7 PESTEL Analysis

3.8 Major Deals & Strategic Alliances Analysis

3.8.1 Divestment of Silicon Carbide Business by Saint Gobain

3.8.2 Acquisition of Infineon RF Power Business by Cree

Chapter 4 Silicon Carbide: Product Estimates & Trend Analysis

4.1 Silicon Carbide Market: Product Movement Analysis, 2018 & 2025

4.1.1 Black Silicon Carbide

4.1.2 Green Silicon Carbide

Chapter 5 Silicon Carbide: End-Use Estimates & Trend Analysis

5.1 Silicon Carbide Market: End-Use Movement Analysis, 2018 & 2025

5.1.1 Steel

5.1.2 Automotive

5.1.3 Aerospace

5.1.4 Military & Defense

5.1.5 Electrical & Electronics

5.1.6 Healthcare

5.1.7 Other End-Uses

Chapter 6 Silicon Carbide: Regional Estimates & Trend Analysis

6.1 Silicon Carbide Market: Regional Movement Analysis, 2018 & 2025

6.2 North America

6.3 Europe

6.4 Asia-Pacific

6.5 Central & South America

6.6 Middle East & Africa

Chapter 7 Competitive Landscape

7.1 List of key silicon carbide manufacturers

7.2 List of potential consumers, by end-use

7.3 Competitive Environment

Chapter 8 Company Profiles

8.1 AGSCO Corporation

8.2 Carborundum Universal Limited

8.3 Dow Chemical Co.

8.4 Entegris Inc.

8.5 ESD-SIC B.V.

8.6 ESK-SIC GmbH

8.7 Gaddis Engineered Materials

8.8 Grindwell Norton Ltd.

8.9 Saint Gobain Ceramic Materials GmbH

8.10 Snam Abrasives Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/o0bs5e

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900