Spherical Silicon Carbide Market
Spherical Silicon Carbide Market Forecasts to 2030 - Global Analysis By Type (Green Silicon Carbide, Black Silicon Carbide, Spherical Silicon Carbide and Other Types), Device Type, Grade, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Spherical Silicon Carbide Market is accounted for $4.1 billion in 2024 and is expected to reach $8.6 billion by 2030 growing at a CAGR of 13.0% during the forecast period. Spherical Silicon Carbide (SiC) is a high-performance material known for its exceptional hardness, thermal conductivity, and resistance to wear and corrosion. It is synthesized by a chemical process that results in spherical-shaped particles, which offer improved packing density and flowability compared to traditional forms. This form of SiC is commonly used in advanced applications such as abrasives, semiconductor devices, automotive components, and in the production of high-performance ceramics, due to its enhanced mechanical properties and stability under extreme conditions.
Market Dynamics:
Driver:
Data Centers and high-performance computing
The market, especially in data centers and high-performance computing (HPC), is growing due to SiC's superior thermal conductivity, efficiency, and durability. SiC-based components enhance power conversion and heat dissipation, crucial for managing the high demands of modern data centers and HPC systems. As industries move toward more energy-efficient and scalable solutions, SiC plays a key role in optimizing performance while reducing operational costs.
Restraint:
Intellectual property challenges
Intellectual property (IP) challenges in the market can hinder innovation and market growth. Issues like patent disputes, unauthorized use of proprietary technologies, and lack of clear IP protection may create barriers for new entrants. These challenges could lead to reduced investments, slower technological advancements, and increased operational costs for companies. Consequently, the overall market development might be stifled, limiting competitiveness and global expansion in the industry.
Opportunity:
Enhanced power electronics
With its increased efficiency, higher voltage handling, and faster switching capabilities, the market is transforming enhanced power electronics. SiC’s ability to operate at elevated temperatures and voltages makes it ideal for power conversion systems in electric vehicles, renewable energy, and industrial applications. Its superior thermal conductivity and low energy loss contribute to reduced operational costs, improving system performance and enabling more compact, efficient, and reliable power electronic devices.
Threat:
Complexity of manufacturing
The complexity of manufacturing in the market poses significant challenges, leading to higher production costs and longer lead times. The intricate processes required to achieve high-quality material consistency can strain resources and limit scalability. As a result, manufacturers face difficulty meeting growing demand while maintaining competitive pricing. This complexity may also deter new entrants and hinder overall market growth, slowing technological advancements and limiting industry expansion.
Covid-19 Impact:
The COVID-19 pandemic negatively impacted the market by disrupting global supply chains, delaying production, and causing shortages of raw materials. Lockdowns and labor shortages reduced manufacturing capacity, leading to longer delivery times and increased costs. Additionally, the economic uncertainty resulted in decreased investments and demand from industries reliant on silicon carbide, such as electronics and automotive, slowing market growth during the pandemic's peak.
The thyristors segment is expected to be the largest during the forecast period
The thyristors segment is expected to account for the largest market share during the projection period due to their ability to enhance power control and efficiency in electronic devices. With the growing demand for high-performance semiconductors, silicon carbide-based thyristors are increasingly preferred for their superior thermal conductivity, high-voltage handling, and energy efficiency. Their use in industries like renewable energy, automotive, and power electronics is driving the adoption of spherical silicon carbide, fostering market growth.
The abrasives & refractories segment is expected to have the highest CAGR during the forecast period
The abrasives & refractories segment is expected to have the highest CAGR during the extrapolated period. Silicon carbide's hardness and thermal stability make it ideal for abrasive materials used in cutting, grinding, and polishing. Additionally, its high resistance to heat and wear makes it valuable in refractories for high-temperature industrial processes. As demand for advanced materials in manufacturing and construction grows, the use of spherical silicon carbide in abrasives and refractories is expected to increase, driving market expansion.
Region with largest share:
North America region is estimated to account for the largest market share during the forecast period due to rising demand across industries such as electronics, automotive, and energy. The region's focus on advanced manufacturing technologies, including power electronics and electric vehicles, is driving the need for high-performance materials. Additionally, its strong infrastructure, technological innovation, and investments in renewable energy projects are contributing to the market's expansion, positioning it as a key player globally.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period. With the shift towards renewable energy sources, particularly solar and wind energy, spherical silicon carbide plays a significant role in power systems and energy storage technologies. It is used in high-performance electronic components such as inverters and converters. Additionally, innovations in production techniques and the development of more cost-effective methods for producing spherical SiC are enhancing its adoption across various industries.
Key players in the market
Some of the key players in Spherical Silicon Carbide market include Nippon Steel Corporation, Dow Inc., Saint-Gobain Ceramic Materials, Cree, Inc., Norstel AB, Entegris, Inc., Microchip Technology Inc., Wacker Chemie AG, Sibelco, Mersen, GE Aviation, Rohm Co., Ltd., STMicroelectronics, Tungsten Corporation, II-VI Incorporated and KYOCERA Corporation.
Key Developments:
In December 2024, STMicroelectronics entered into a multi-year agreement with Ampere (part of Renault Group) for the supply of silicon carbide power modules. This collaboration focuses on optimizing power modules for electric vehicle applications, enhancing performance and efficiency in Ampere's electric powertrains.
In May 2024, Dow Chemical International Private Limited announced collaboration with Glass Wall Systems India to supply carbon neutral silicone sealants for building façades. This agreement marks a significant step towards reducing embodied carbon in construction materials, utilizing Dow's DOWSIL™ Facade Sealants from its Decarbia™ portfolio, which emphasizes sustainability in the building and infrastructure sector.
Types Covered:
• Green Silicon Carbide
• Black Silicon Carbide
• Spherical Silicon Carbide
• Other Types
Device Types Covered:
• Diodes
• Thyristors
• Schottky Diodes
• Insulated-Gate Bipolar Transistors (IGBTs)
• Other Device Types
Grades Covered:
• High-Purity
• Standard-Grade
• Low-Grade
• Ultra High-Purity (UHP)
Technologies Covered:
• Chemical Vapor Deposition (CVD)
• Physical Vapor Deposition (PVD)
• Reaction Bonding
• Sol-Gel Process
• Laser Sintering
• Other Technologies
Applications Covered:
• Power Electronics
• Electric Vehicles
• Abrasives & Refractories
• Inverters
• Grinding Wheels
• Furnace Linings
• Other Applications
End Users Covered:
• Electronics & Semiconductors
• Automotive
• Aerospace & Defense
• Renewable Energy
• Industrial
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Spherical Silicon Carbide Market, By Type
5.1 Introduction
5.2 Green Silicon Carbide
5.3 Black Silicon Carbide
5.4 Spherical Silicon Carbide
5.5 Other Types
6 Global Spherical Silicon Carbide Market, By Device Type
6.1 Introduction
6.2 Diodes
6.3 Thyristors
6.4 Schottky Diodes
6.5 Insulated-Gate Bipolar Transistors (IGBTs)
6.6 Other Device Types
7 Global Spherical Silicon Carbide Market, By Grade
7.1 Introduction
7.2 High-Purity
7.3 Standard-Grade
7.4 Low-Grade
7.5 Ultra High-Purity (UHP)
8 Global Spherical Silicon Carbide Market, By Technology
8.1 Introduction
8.2 Chemical Vapor Deposition (CVD)
8.3 Physical Vapor Deposition (PVD)
8.4 Reaction Bonding
8.5 Sol-Gel Process
8.6 Laser Sintering
8.7 Other Technologies
9 Global Spherical Silicon Carbide Market, By Application
9.1 Introduction
9.2 Power Electronics
9.3 Electric Vehicles
9.4 Abrasives & Refractories
9.5 Inverters
9.6 Grinding Wheels
9.7 Furnace Linings
9.8 Other Applications
10 Global Spherical Silicon Carbide Market, By End User
10.1 Introduction
10.2 Electronics & Semiconductors
10.3 Automotive
10.4 Aerospace & Defense
10.5 Renewable Energy
10.6 Industrial
10.7 Other End Users
11 Global Spherical Silicon Carbide Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Nippon Steel Corporation
13.2 Dow Inc.
13.3 Saint-Gobain Ceramic Materials
13.4 Cree, Inc.
13.5 Norstel AB
13.6 Entegris, Inc.
13.7 Microchip Technology Inc.
13.8 Wacker Chemie AG
13.9 Sibelco
13.10 Mersen
13.11 GE Aviation
13.12 Rohm Co., Ltd.
13.13 STMicroelectronics
13.14 Tungsten Corporation
13.15 II-VI Incorporated
13.16 KYOCERA Corporation
List of Tables
1 Global Spherical Silicon Carbide Market Outlook, By Region (2022-2030) ($MN)
2 Global Spherical Silicon Carbide Market Outlook, By Type (2022-2030) ($MN)
3 Global Spherical Silicon Carbide Market Outlook, By Green Silicon Carbide (2022-2030) ($MN)
4 Global Spherical Silicon Carbide Market Outlook, By Black Silicon Carbide (2022-2030) ($MN)
5 Global Spherical Silicon Carbide Market Outlook, By Spherical Silicon Carbide (2022-2030) ($MN)
6 Global Spherical Silicon Carbide Market Outlook, By Other Types (2022-2030) ($MN)
7 Global Spherical Silicon Carbide Market Outlook, By Device Type (2022-2030) ($MN)
8 Global Spherical Silicon Carbide Market Outlook, By Diodes (2022-2030) ($MN)
9 Global Spherical Silicon Carbide Market Outlook, By Thyristors (2022-2030) ($MN)
10 Global Spherical Silicon Carbide Market Outlook, By Schottky Diodes (2022-2030) ($MN)
11 Global Spherical Silicon Carbide Market Outlook, By Insulated-Gate Bipolar Transistors (IGBTs) (2022-2030) ($MN)
12 Global Spherical Silicon Carbide Market Outlook, By Other Device Types (2022-2030) ($MN)
13 Global Spherical Silicon Carbide Market Outlook, By Grade (2022-2030) ($MN)
14 Global Spherical Silicon Carbide Market Outlook, By High-Purity (2022-2030) ($MN)
15 Global Spherical Silicon Carbide Market Outlook, By Standard-Grade (2022-2030) ($MN)
16 Global Spherical Silicon Carbide Market Outlook, By Low-Grade (2022-2030) ($MN)
17 Global Spherical Silicon Carbide Market Outlook, By Ultra High-Purity (UHP) (2022-2030) ($MN)
18 Global Spherical Silicon Carbide Market Outlook, By Technology (2022-2030) ($MN)
19 Global Spherical Silicon Carbide Market Outlook, By Chemical Vapor Deposition (CVD) (2022-2030) ($MN)
20 Global Spherical Silicon Carbide Market Outlook, By Physical Vapor Deposition (PVD) (2022-2030) ($MN)
21 Global Spherical Silicon Carbide Market Outlook, By Reaction Bonding (2022-2030) ($MN)
22 Global Spherical Silicon Carbide Market Outlook, By Sol-Gel Process (2022-2030) ($MN)
23 Global Spherical Silicon Carbide Market Outlook, By Laser Sintering (2022-2030) ($MN)
24 Global Spherical Silicon Carbide Market Outlook, By Other Technologies (2022-2030) ($MN)
25 Global Spherical Silicon Carbide Market Outlook, By Application (2022-2030) ($MN)
26 Global Spherical Silicon Carbide Market Outlook, By Power Electronics (2022-2030) ($MN)
27 Global Spherical Silicon Carbide Market Outlook, By Electric Vehicles (2022-2030) ($MN)
28 Global Spherical Silicon Carbide Market Outlook, By Abrasives & Refractories (2022-2030) ($MN)
29 Global Spherical Silicon Carbide Market Outlook, By Inverters (2022-2030) ($MN)
30 Global Spherical Silicon Carbide Market Outlook, By Grinding Wheels (2022-2030) ($MN)
31 Global Spherical Silicon Carbide Market Outlook, By Furnace Linings (2022-2030) ($MN)
32 Global Spherical Silicon Carbide Market Outlook, By Other Applications (2022-2030) ($MN)
33 Global Spherical Silicon Carbide Market Outlook, By End User (2022-2030) ($MN)
34 Global Spherical Silicon Carbide Market Outlook, By Electronics & Semiconductors (2022-2030) ($MN)
35 Global Spherical Silicon Carbide Market Outlook, By Automotive (2022-2030) ($MN)
36 Global Spherical Silicon Carbide Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
37 Global Spherical Silicon Carbide Market Outlook, By Renewable Energy (2022-2030) ($MN)
38 Global Spherical Silicon Carbide Market Outlook, By Industrial (2022-2030) ($MN)
39 Global Spherical Silicon Carbide Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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