Report overview
Silicon carbide, occuring in nature as the extremely rare mineral moissanite, is a compound of silicon and carbon with chemical formula SiC.
Silicon carbide has the following properties and these properties make silicon carbide an outstanding abrasive and ceramic material to be used under extreme operating conditions.
This report aims to provide a comprehensive presentation of the global market for Silicon Carbide (SIC), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Silicon Carbide (SIC). This report contains market size and forecasts of Silicon Carbide (SIC) in global, including the following market information:
Global Silicon Carbide (SIC) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Silicon Carbide (SIC) Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Silicon Carbide (SIC) companies in 2022 (%)
The global Silicon Carbide (SIC) market was valued at US$ 1686.4 million in 2022 and is projected to reach US$ 2042.7 million by 2029, at a CAGR of 2.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Silicon Carbide (SIC) key players include Ningxia Tianjing, Lanzhou Heqiao, Cumi Murugappa, Washington Mills, etc. Global top four manufacturers hold a share about 20%.
Asia-Pacific is the largest market, with a share over 55%, followed by Europe, and North America, both have a share about 40 percent.
In terms of product, Black SiC is the largest segment, with a share over 90%. And in terms of application, the largest application is Metallurgical Industrial, followed by Refractory Industrial, Abrasive Industrial, Ceramic Industrial, etc.
We surveyed the Silicon Carbide (SIC) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Silicon Carbide (SIC) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Silicon Carbide (SIC) Market Segment Percentages, by Type, 2022 (%)
Black SiC
Green SiC
Global Silicon Carbide (SIC) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Silicon Carbide (SIC) Market Segment Percentages, by Application, 2022 (%)
Metallurgical Industrial
Refractory Industrial
Abrasive Industrial
Ceramic Industrial
Others
Global Silicon Carbide (SIC) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Silicon Carbide (SIC) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Silicon Carbide (SIC) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Silicon Carbide (SIC) revenues share in global market, 2022 (%)
Key companies Silicon Carbide (SIC) sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Silicon Carbide (SIC) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Saint-Gobain
Ningxia Tianjing
Lanzhou Heqiao
Tianzhu Yutong
Cumi Murugappa
Elsid S.A
Washington Mills
ESD-SIC
Erdos
Ningxia Jinjing
Elmet
Snam Abrasives
ESK-SIC
Navarro
Pacific Rundum
Zaporozhsky Abrasivny Combinat
Yakushima Denko
Yicheng New Energy
Xinjiang Longhai
Sublime
Outline of Major Chapters:
Chapter 1: Introduces the definition of Silicon Carbide (SIC), market overview.
Chapter 2: Global Silicon Carbide (SIC) market size in revenue and volume.
Chapter 3: Detailed analysis of Silicon Carbide (SIC) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Silicon Carbide (SIC) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Silicon Carbide (SIC) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
