According to IMARC Group’s latest report, titled “Silicon Carbide Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2021-2026”, the global silicon carbide market reached a value of US$ 760 Million in 2020. Looking forward, IMARC Group expects the market is expected to grow at a CAGR of 16.5% during 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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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.
Market Trends and Drivers:
Furthermore, the implementation of favorable government policies promoting the use of renewable energy resources for power generation is also positively influencing the market growth. Looking forward, IMARC Group expects the market to grow at a CAGR of 16.5% during 2021-2026.
Silicon Carbide Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the silicon carbide market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape with Key Players:
- 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
Key Market Segmentation:
The report has segmented the silicon carbide market on the basis of component, application and region.
Breakup by Product:
- Black Silicon Carbide
- Green Silicon Carbide
- Others
Breakup by Application:
- Steel
- Automotive
- Aerospace
- Military and Defense
- Electrical and Electronics
- Healthcare
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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