Enjoy complimentary customisation on priority with our Enterprise License!
The silicon carbide market size is estimated to grow by 2.57 million t at a compound annual growth rate (CAGR) of 12.33% between 2022 and 2027. The growth of the market depends on several factors, including growing demand for power electronics, an increase in demand for fibers in the aerospace sector, and the growing EV automotive industry. SiC contains silicon and carbon in equal proportions. It is available in nature in the form of moissanite. Bulk production of SiC is carried out through several synthetic routes. The silicon carbide (SiC) market is witnessing growth across various industries, driven by the increasing demand for energy efficiency and advanced materials. In the ferrous industries and non-ferrous industries, silicon carbide plays a crucial role in the manufacturing processes of iron and steel, particularly in oxygen furnaces, electric arc furnaces, and kilns. The black SiC product segment and green SiC product segment cater to different needs in block form, grain form, wafer form, and powder form for steel industry applications and refractory materials.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.