Allied Market Research

2024

Silicon Carbide (sic) Market

Silicon Carbide (SiC) Market Size, Share, Competitive Landscape and Trend Analysis Report by PRODUCT, by DEVICE, by CRYSTAL STRUCTURE, by APPLICATION and by END-USE VERTICAL : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Composites

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Author's: | Eswara Prasad
Publish Date:

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Silicon carbide (SiC) is a chemical compound of silicon and carbon and it is also known as carborundum. It is projected that SiC has the potential to displace other silicon-based transistors and semiconductors; therefore, it is expected to have high revenue share. The key factors driving the SiC market growth is that it can decrease the size of semiconductors and reduce the power system loss by 50%.

However, the cost of SiC material ranges from $800 to $2,000 per ton, which is very costly as compared to other materials used for manufacturing semiconductor. Therefore, the high cost of these semiconductors is a major restraint for the growth of the market. Material defects and packaging issues are some of the other challenges for the market growth. Researches that are being conducted to overcome these challenges have been slow-moving. However, key players are seeking collaborations to increase investments in the SiC based electronic goods.

Some of the key companies profiled in this report are AGSCO Corporation, Entegris Inc., Carborundum Universal Ltd., ESK-SIC GmbH, Grindwell Norton Ltd., Saint-Gobain Ceramics Materials GmbH, The Dow Chemical Company, Xiamen Powerway Advanced Material Company Ltd., Timcal Ltd., and Snam Abrasives Pvt. Ltd.

Silicon Carbide (SiC) Market Report Highlights

Aspects Details
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By PRODUCT
  • BLACK SIC
  • GREEN SIC
  • OTHERS
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By DEVICE
  • SIC DISCRETE DEVICES
    • SIC MOSFET
    • SIC Diode
    • SIC Module
    • Thyristors
    • Others
  • SIC BARE DIE
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By CRYSTAL STRUCTURE
  • ZINC BLENDE (3C-SIC)
  • WURTZITE (4H-SIC)
  • WURTZITE (6H-SIC)
  • RHOMBOHEDRAL (15R-SIC)
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By APPLICATION
  • POWER GRID DEVICE
  • RF DEVICE AND CELLULAR BASE STATION
  • HIGH-VOLTAGE, DIRECT CURRENT (HVCD)
  • FLEXIBLE AC TRANSMISSION SYSTEMS (FACTS)
  • LIGHTING CONTROL
  • POWER SUPPLY AND INVERTER
  • FLAME DETECTOR
  • INDUSTRIAL MOTOR DRIVE
  • EV MOTOR DRIVE
  • FLAME DETECTOR
  • ELECTRONIC COMBAT SYSTEM
  • EV CHARGING
  • SOLAR ENERGY
  • WIND ENERGY
  • OTHERS
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By END-USE VERTICAL
  • ENERGY & POWER
  • AUTOMOTIVE
  • POWER ELECTRONICS & TELECOMMUNICATION
  • DEFENSE
  • OTHERS
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By Region
  • NORTH AMERICA 
  • EUROPE 
  • ASIA-PACIFIC 
  • LAMEA 
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Key Market Players

THE DOW CHEMICAL COMPANY, TIMCAL LTD., AGSCO CORPORATION, CARBORUNDUM UNIVERSAL LTD., FUJI ELECTRIC CO., LTD., XIAMEN POWERWAY ADVANCED MATERIAL COMPANY LTD., ENTEGRIS INC., ESK-SIC GMBH, GRINDWELL NORTON LTD., SAINT-GOBAIN CERAMICS MATERIALS GMBH

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Silicon Carbide (SiC) Market

Global Opportunity Analysis and Industry Forecast, 2023-2032