Abstract
Summary
REPORT HIGHLIGHT
The Silicon Carbide Market was valued at USD 2.06 billion by 2017, growing with 17.2% CAGR during the forecast period, 2019-2028
Silicon compound is an abrasive compound used largely in semiconductors and automobiles along with the energy sector. Physical and chemical properties of the compound include colorless, lustrous surface, high temperature of sublimation and chemically inert. Possessing a high temperature for sublimation enables it to be used for the production of the furnace and bearing parts in the automobiles. The compound has a low coefficient of thermal expansion and also does not experience any transition phase changes which cause thermal expansion discontinuities.
Silicon carbide is basically a type of semiconductor which is usually n-type doped by phosphorus or nitrogen and p-type doped by boron, aluminum, gallium or beryllium. However, its heavy doping properties are achieved by doping it with nitrogen, boron or aluminum.
Market Dynamics
The extensive use of this material in steel and energy application sectors is expected to drive the global market. Silicon carbide is used for a number of applications including abrasives & cutting tools, structural materials, automobile parts, electric systems, electronic circuit elements like power electronic devices & LEDs, astronomy, thin filament pyrometry, heating elements, nuclear fuel particles, nuclear fuel cladding, jewelry, steel production, catalyst support, carborundum printmaking and graphene production. Vulnerability to mechanical and chemical shocks being a hard substance is expected to be a hindrance and is expected to restrain the growth of the global silicon carbide industry.
Regional Takeaway
The worldwide market is growing significantly in the Asia Pacific region on account of its usage in the heavy-duty industries and automobiles. The Asia Pacific forms a platform for the fastest and significant growth in the automobile sector along with the energy sector which provides a growth opportunity for the compound silicon carbide. Countries like China and India are expected to be the dominant powers for growth of the silicon carbide market owing to large numbers of heavy-duty projects being carried on in that region along with the huge capital investments of big players and their presence in those regions driving the growth of the product in the near future.
The market is also expected to grow significantly in the region of North America with countries like the U.S. expected to play a dominating factor in the growth. The growth of the electronics and energy sector in that region is expected to drive the expansion of the product in that region in the near future.
Key Vendors Takeaway
Some of the key players in the global silicon carbide market are Grindwell Norton Limited, ESK-SIC GmbH, Gaddis Engineered Materials, Snam Abrasives, AGSCO, Dow Chemical Company, Entegris Incorporation, ESD-SIC, and Saint-Gobain Ceramics Materials.
The players have invested in their research & development centers across the globe and are expected to invest in R&D to lower down the negative effects of the compound and improve the usage of the compound.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2017
Base Year – 2018
Estimated Year – 2019
Projected Year – 2028
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
Black SiC,
Green SiC
BY DEVICE
SiC Bare Die
SiC Discrete Devices
SiC Diode
SiC Module
SiC MOSFET
Thyristors
Others
BY CRYSTAL STRUCTURE
Wurtzite (6H-SIC)
Wurtzite (4H-SIC)
Zinc Blende (3C-SIC)
Rhombohedral (15R-SIC)
MARKET, BY END USE
Steel
Aerospace
Automotive
Electronics
Healthcare
Military
Others
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America
Table of Contents
1 SILICON CARBIDE MARKET OVERVIEW
1.1 Study Scope
1.2 Assumption and Methodology
2 EXECUTIVE SUMMARY
2.1 Market Snippet
2.1.1 Market Snippet by Product
2.1.2 Market Snippet by End Use
2.1.3 Market Snippet by Region
2.2 Competitive Insights
3 SILICON CARBIDE KEY MARKET TRENDS
3.1 Market Drivers
3.1.1 Impact Analysis of Market Drivers
3.2 Market Restraints
3.2.1 Impact Analysis of Market Restraints
3.3 Market Opportunities
3.4 Market Future Trends
4 SILICON CARBIDE INDUSTRY STUDY
4.1 Porter’s Five Forces Analysis
4.2 Marketing Strategy Analysis
4.3 Growth Prospect Mapping
4.4 Regulatory Framework Analysis
5 SILICON CARBIDE MARKET LANDSCAPE
5.1 Market Share Analysis
5.2 Key Innovators
5.3 Breakdown Data, by Key manufacturer
5.3.1 Established Player Analysis
5.3.2 Emerging Player Analysis
6 SILICON CARBIDE MARKET - BY PRODUCT
6.1 Overview
6.1.1 Segment Share Analysis, By Product, 2017 & 2028 (%)
6.2 Black SiC
6.2.1 Overview
6.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
6.3 Green SiC
6.3.1 Overview
6.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
7 SILICON CARBIDE MARKET - BY DEVICE
7.1 Overview
7.1.1 Segment Share Analysis, By Device, 2017 & 2028 (%)
7.2 SiC Bare Die
7.2.1 Overview
7.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
7.3 SiC Discrete Devices
7.3.1 Overview
7.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
7.3.3 SiC Diode
- 7.3.3.1 Overview
- 7.3.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
7.3.4 SiC Module
- 7.3.4.1 Overview
- 7.3.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
7.3.5 SiC MOSFET
- 7.3.5.1 Overview
- 7.3.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
7.3.6 Thyristors
- 7.3.6.1 Overview
- 7.3.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
7.3.7 Others
- 7.3.7.1 Overview
- 7.3.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
8 SILICON CARBIDE MARKET - BY CRYSTAL STRUCTURE
8.1 Overview
8.1.1 Segment Share Analysis, By Product, 2017 & 2028 (%)
8.2 Wurtzite (6H-SIC)
8.2.1 Overview
8.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
8.3 Wurtzite (4H-SIC)
8.3.1 Overview
8.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
8.4 Zinc Blende (3C-SIC)
8.4.1 Overview
8.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
8.5 Rhombohedral (15R-SIC)
8.5.1 Overview
8.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9 SILICON CARBIDE MARKET - BY END USE
9.1 Overview
9.1.1 Segment Share Analysis, By End Use, 2017 & 2028 (%)
9.2 Steel
9.2.1 Overview
9.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3 Aerospace
9.3.1 Overview
9.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.5 Electronics
9.5.1 Overview
9.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6 Healthcare
9.6.1 Overview
9.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.7 Military
9.7.1 Overview
9.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
10 SILICON CARBIDE MARKET- BY GEOGRAPHY
10.1 Introduction
10.1.1 Segment Share Analysis, By Region, 2017 & 2028 (%)
10.2 North America
10.2.1 Overview
10.2.2 Key Manufacturers in North America
10.2.3 North America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
10.2.4 North America Market Size and Forecast, By Product, 2017 - 2028 (US$ Million)
10.2.5 North America Market Size and Forecast, By End Use, 2017 - 2028 (US$ Million)
10.2.6 U.S
- 10.2.6.1 Overview
- 10.2.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
10.2.7 Canada
- 10.2.7.1 Overview
- 10.2.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
10.3 Europe
10.3.1 Overview
10.3.2 Key Manufacturers in Europe
10.3.3 Europe Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
10.3.4 Europe Market Size and Forecast, By Product, 2017 - 2028 (US$ Million)
10.3.5 Europe Market Size and Forecast, By End Use, 2017 - 2028 (US$ Million)
10.3.6 France
- 10.3.6.1 Overview
- 10.3.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
10.3.7 Germany
- 10.3.7.1 Overview
- 10.3.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
10.3.8 Rest of Europe
- 10.3.8.1 Overview
- 10.3.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
10.4 Asia Pacific (APAC)
10.4.1 Overview
10.4.2 Key Manufacturers in Asia Pacific
10.4.3 Asia Pacific Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
10.4.4 Asia Pacific Market Size and Forecast, By Product, 2017 - 2028 (US$ Million)
10.4.5 Asia Pacific Market Size and Forecast, By End Use, 2017 - 2028 (US$ Million)
10.4.6 China
- 10.4.6.1 Overview
- 10.4.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
10.4.7 India
- 10.4.7.1 Overview
- 10.4.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
10.4.8 Rest of APAC
- 10.4.8.1 Overview
- 10.4.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
10.5 Rest of the World
10.5.1 Overview
10.5.2 Key Manufacturers in Rest of the World
10.5.3 Rest of the World Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
10.5.4 Rest of the World Market Size and Forecast, By Product, 2017 - 2028 (US$ Million)
10.5.5 Rest of the World Market Size and Forecast, By End Use, 2017 - 2028 (US$ Million)
10.5.6 Latin America
- 10.5.6.1 Overview
- 10.5.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
10.5.7 Middle East and Africa
- 10.5.7.1 Overview
- 10.5.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
11 KEY VENDOR ANALYSIS
11.1 ESK-SIC GmbH
11.1.1 Company Snapshot
11.1.2 Financial Performance
11.1.3 Product Benchmarking
11.1.4 Strategic Initiatives
11.2 Grindwell Norton Limited
11.3 Snam Abrasives
11.4 AGSCO
11.5 Gaddis Engineered Materials
11.6 Dow Chemical Company
11.7 Entegris Inc
11.8 ESD-SIC
11.9 Saint-Gobain Ceramics Materials
12 360 DEGREE ANALYSTVIEW
13 APPENDIX
13.1 Research Methodology
13.2 References
13.3 Abbreviations
13.4 Disclaimer
13.5 Contact Us