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

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