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Silicon Carbide Market Share

Report ID: GMI6019
Published Date: Jun 2023
Report Format: PDF

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Silicon Carbide Market Share

Some of the major players operating in the silicon carbide market are:

AGSCO Corporation
Carborundum Universal Ltd
CoorsTek Inc
Entegris Inc
ESD-SIC b.v
Gaddis Engineered Materials
Grindwell Norton Ltd
IMERYS Mineral (India) Pvt Ltd
Morgan Advanced Materials
Saint-Gobain S.A
Schunk Ingenieurkeramik GmbH
SK Siltron Co Ltd
Snam Abrasives Pvt Ltd
Tokai Carbon Co Ltd
Washington Mills

These players focus on strategic partnerships and new service launches & commercialization for market expansion. Furthermore, they are heavily investing in research to introduce innovative services and garner maximum revenue in the market.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

In 2022, the global market size for silicon carbide was valued at more than USD 800 million and will grow at over 18.5% CAGR from 2023 to 2032 on account of the rapid expansion of the manufacturing and industrial sector globally.

The silicon carbide industry size from the electronics & optoelectronics application segment reached more than USD 200 million in 2022, attributed to the superior electrical properties of silicon carbide.

Asia Pacific market for silicon carbide accumulated 30% market share in 2022, driven by favorable government initiatives focused on encouraging the adoption of electric & renewable energy vehicles in the region.

Notable silicon carbide industry players include Gaddis Engineered Materials, IMERYS Mineral (India) Pvt. Ltd, Saint-Gobain S.A, SK Siltron Co., Ltd., Grindwell Norton Ltd, Morgan Advanced Materials, and Schunk Ingenieurkeramik GmbH, among others.