Product Code: GVR-4-68040-479-3
Spherical Silicon Carbide Market Trends:
The global spherical silicon carbide market size was estimated at USD 3.68 billion in 2023 and is projected to grow at a CAGR of 11.0% from 2024 to 2030. Silicon carbide's exceptional properties, such as high thermal conductivity, high breakdown voltage, and superior efficiency at high temperatures, make it ideal for the electronics industry. The material is particularly suited for developing high-power devices like electric vehicle (EV) inverters, energy-efficient chips, and semiconductors. As industries push toward next-generation electronics, SiC is used in high-frequency and high-temperature applications. This supports the demand for more efficient electronic components in electric vehicles (EVs), renewable energy systems, and data centers.
Silicon carbide (SiC) plays a crucial role in the renewable energy industry, particularly in solar inverters and wind turbines, where it significantly improves energy efficiency. Its ability to reduce power loss and increase energy conversion efficiency in photovoltaic systems and power grids has driven demand. As countries aim to meet stringent energy goals and reduce carbon footprints, using SiC in renewable energy technologies is expected to expand significantly.
The global shift toward EVs is another critical driver for SiC demand. In EV powertrains, silicon carbide offers higher efficiency than traditional silicon-based devices, leading to longer driving ranges and faster charging capabilities. With major automakers scaling up EV production, the demand for SiC-based semiconductors is expected to rise. In addition, SiC is used in automotive components such as braking systems and engine parts, further boosting its adoption.
Moreover, the aerospace industry is turning to silicon carbide for high-temperature, wear-resistant applications such as jet turbine blades and aerospace electronics. SiC's ability to withstand extreme environments while maintaining its strength makes it a preferred material for producing critical components that must endure high pressures and temperatures. Furthermore, SiC is used in advanced defense systems for sensors and radars, where durability and performance are paramount.
The growing demand for specialty ceramics, especially in defense, aerospace, and electronics sectors, contributes to the rising need for silicon carbide. Its hardness and resistance to wear and corrosion make it ideal for producing durable ceramic components. Industries that require materials with high mechanical strength, such as the automotive and steel sectors, are also turning to SiC-based ceramics to enhance performance and reduce maintenance costs.
Silicon carbide is increasingly used in the steel industry to improve furnace operations and reduce emissions. SiC's high thermal conductivity allows for more efficient energy use, thus enabling cleaner and faster steel production processes. This aligns with the global push towards reducing carbon emissions, particularly in heavy industries like steelmaking, which are traditionally energy-intensive.
Global Spherical Silicon Carbide Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global spherical silicon carbide market based on the product, application, and region:
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- Below 30.0 μm
- 30.0-50.0 μm
- Above 50.0 μm
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Filler Material
- Ceramic Material
- Coating
- Other
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- Central & South America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Spherical Silicon Carbide Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.3.4. Market Challenge Analysis
- 3.4. Regulatory Framework
- 3.5. Business Environment Analysis
- 3.5.1. PESTLE Analysis
- 3.5.2. Porter's Five Forces Analysis
- 3.6. Market Disruption Analysis
Chapter 4. Spherical Silicon Carbide Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2023 & 2030
- 4.3. Market By Product, 2018 - 2030 (USD Million)
- 4.4. Below 30.0 μm
- 4.4.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 4.5. 30.0-50.0μm
- 4.5.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 4.6. Above 50.0 μm
- 4.6.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Spherical Silicon Carbide Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2023 & 2030
- 5.3. Market By Application, 2018 - 2030 (USD Million)
- 5.4. Filler Material
- 5.4.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 5.5. Ceramic Material
- 5.5.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 5.6. Coating
- 5.6.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 5.7. Other
- 5.7.1. Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Spherical Silicon Carbide Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Market Share Analysis, 2023 & 2030
- 6.3. Market Estimates & Forecasts by Region, 2018 - 2030 (USD Million)
- 6.4. North America
- 6.4.1. North America Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. North America Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.3. North America Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.4. U.S.
- 6.4.4.1. U.S. Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.4.2. U.S. Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.4.3. U.S. Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.5. Canada
- 6.4.5.1. Canada Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.5.2. Canada Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.5.3. Canada Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.6. Mexico
- 6.4.6.1. Mexico Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.6.2. Mexico Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.6.3. Mexico Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5. Europe
- 6.5.1. Europe Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Europe Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.3. Europe Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5.4. Germany
- 6.5.4.1. Germany Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.4.2. Germany Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.4.3. Germany Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5.5. UK
- 6.5.5.1. UK Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.5.2. UK Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.5.3. UK Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5.6. France
- 6.5.6.1. France Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.6.2. France Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.6.3. France Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5.7. Spain
- 6.5.7.1. Spain Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.7.2. Spain Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.7.3. Spain Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5.8. Italy
- 6.5.8.1. Italy Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.8.2. Italy Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.8.3. Italy Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.6. Asia Pacific
- 6.6.1. Asia Pacific Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Asia Pacific Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.3. Asia Pacific Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.6.4. China
- 6.6.4.1. China Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.4.2. China Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.4.3. China Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.6.5. India
- 6.6.5.1. India Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.5.2. India Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.5.3. India Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.6.6. Japan
- 6.6.6.1. Japan Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.6.2. Japan Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.6.3. Japan Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.7. Central & South America
- 6.7.1. Central & South America Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.7.2. Central & South America Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.7.3. Central & South America Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.7.4. Brazil
- 6.7.4.1. Brazil Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.7.4.2. Brazil Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.7.4.3. Brazil Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.8. Middle East & Africa
- 6.8.1. Middle East & Africa Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.8.2. Middle East & Africa Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.8.3. Middle East & Africa Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.8.4. Saudi Arabia
- 6.8.4.1. Saudi Arabia Spherical Silicon Carbide Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.8.4.2. Saudi Arabia Spherical Silicon Carbide Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.8.4.3. Saudi Arabia Spherical Silicon Carbide Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
Chapter 7. Supplier Intelligence
- 7.1. Kraljic Matrix
- 7.2. Engagement Model
- 7.3. Negotiation Strategies
- 7.4. Sourcing Best Practices
- 7.5. Vendor Selection Criteria
Chapter 8. Competitive Analysis
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Company Listings
- 8.5.1. Fujimi Corporation
- 8.5.1.1. Company Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. Shin-Etsu Chemical
- 8.5.2.1. Company Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Strategic Initiatives