High demand for steel manufacturing and steel processing and recycling has been driving the market for silicon carbide (SiC) in the past few years. Silicon carbide is a critical component of semiconductor devices, and growth in the electronics and semiconductor market is also a driving factor governing SiC market growth. The high precision required for manufacturing components and the low level of tolerances in the end-user market has been restraining the market at the same time.
Based on the product segments, the silicon carbide market can be categorized into different features such as black SiC, green SiC, and others such as coated SiC, refractory SiC, metallurgical SiC metallurgical briquettes, and SiC micro grit. Black SiC has been the largest market and is expected to show the highest growth during the forecast period.
The major end-user segments in the silicon carbide market are steel & energy, automotive, aerospace & aviation, military & defense, electronics & semiconductors, and medical & healthcare. Of these, steel & power, electronics & semiconductors, and automotive have been the significant markets while medical & healthcare is expected to show the highest growth shortly.
North America, Europe, Asia Pacific, and the Rest of the World (RoW) are the key regions covered in this report. Each of the areas mentioned above is further segmented based on product segment and end-users of silicon carbide. A thorough analysis of each piece in terms of volume and revenue in 2020 and forecast until 2020 has been included in the report. A detailed analysis of the market landscape of companies such as ESK SIC GmbH, Grindwell Norton Ltd., The Dow Chemical Company, and other major manufacturers of silicon carbide has been included in this report.
Silicon Carbide Market: Product Segment Analysis
Black SiC
Green SiC
Others (Coated SiC, refractory SiC, metallurgical SiC, and metallurgical briquettes, SiC micro grit)
Silicon Carbide Market: End-user Analysis
Steel & energy
Automotives
Aerospace & aviation
Military & defense
Electronics & semiconductors
Medical & healthcare
Others (Chemicals, fabrication, etc.)
Silicon Carbide Market: Regional Analysis
North America
Europe
Asia Pacific
Rest of the World (RoW)