Silicon Carbide (SiC) Market, by PRODUCT (BLACK SIC, GREEN SIC, OTHERS), by DEVICE (SIC DISCRETE DEVICES, SIC BARE DIE), by CRYSTAL STRUCTURE (ZINC BLENDE (3C-SIC), WURTZITE (4H-SIC), WURTZITE (6H-SIC), RHOMBOHEDRAL (15R-SIC)), 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) and, by END-USE VERTICAL (ENERGY POWER, AUTOMOTIVE, POWER ELECTRONICS TELECOMMUNICATION, DEFENSE, OTHERS): Global Opportunity Analysis and Industry Forecast, 2023-2032

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
By PRODUCT	BLACK SIC GREEN SIC OTHERS
By DEVICE	SIC DISCRETE DEVICES SIC MOSFET SIC Diode SIC Module Thyristors Others SIC BARE DIE
By CRYSTAL STRUCTURE	ZINC BLENDE (3C-SIC) WURTZITE (4H-SIC) WURTZITE (6H-SIC) RHOMBOHEDRAL (15R-SIC)
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
By END-USE VERTICAL	ENERGY & POWER AUTOMOTIVE POWER ELECTRONICS & TELECOMMUNICATION DEFENSE OTHERS
By Region	NORTH AMERICA  EUROPE  ASIA-PACIFIC  LAMEA
Key Market Players	THE DOW CHEMICAL COMPANY, ESK-SIC GMBH, GRINDWELL NORTON LTD., ENTEGRIS INC., SAINT-GOBAIN CERAMICS MATERIALS GMBH, AGSCO CORPORATION, FUJI ELECTRIC CO., LTD., CARBORUNDUM UNIVERSAL LTD., XIAMEN POWERWAY ADVANCED MATERIAL COMPANY LTD., TIMCAL LTD.

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