Last updated on April 18, 2014 at 6:03 EDT

Global Silicon Carbide Market is Expected to Reach USD 3.82 Billion by 2018: Transparency Market Research

August 8, 2013

ALBANY, New York, August 8, 2013 /PRNewswire/ –

Transparency Market Research (http://www.transparencymarketresearch.com) has
released a new market report titled “Silicon Carbide (Black SiC, Green SiC) Market for
Automotive, Aerospace, Military, Electronics, Healthcare, Steel and Energy Applications -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019″.
According to the report, silicon carbide demand was over USD 1.45 billion in 2012 and is
expected to reach USD 3.82 billion by 2019, growing at a CAGR of 15.3% from 2013 to 2019.
In terms of volume, silicon carbide consumption is expected to reach 2,377.1 kilo tons in
2019, growing at a CAGR of 14.5% from 2013 to 2019.

Browse the full report at


Growing demand in the steel manufacturing and steel recycling industries and the
dependence of electronics & semiconductors on silicon carbide are factors that are
expected to drive SiC demand over the next five years. High level of precision involved in
the manufacture of components and low tolerance specifications in their applications are
expected to be key challenges for market participants in the coming years.

Black and green SiC were the dominant product segments, and accounted for over 90% of
the overall market share in 2012. Black SiC is expected to continue holding its market
position in the near future and is expected to grow at a CAGR of 15.4% between 2013 and
2019. Green SiC consumption is expected to reach 656.1 kilo tons by 2019. Coated,
refractory and metallurgical SiC along with metallurgical briquettes and SiC micro grit
accounted for a smaller part of the market with applications in high-performance

Related & Recently Published Reports by Transparency Market Research






Silicon carbide is primarily used in steel & energy, automotives, aerospace &
aviation, military & defense, electronics & semiconductors and medical & healthcare
end-user segments. Steel & energy showed the highest demand for silicon carbide in 2012
and accounted for more than 28% of the market. Electronics & semiconductors and
automotives were the other major segments for the material and are also expected to show
strong demand in the near future. Medical & healthcare is expected to show the most demand
for silicon carbide during the forecast period and is expected to grow at a CAGR of 15.6%
between 2013 and 2019.

Asia Pacific was the largest market for silicon carbide in 2012 and accounted for more
than 50% of the global demand. Steel & energy, electronics & semiconductors and
automotives were the major markets driving sales for silicon carbide in Asia Pacific,
making it the largest market in terms of volume. Asia Pacific and RoW are expected to be
strong future markets for silicon carbide owing to growing industrialization and
infrastructure. SiC demand in North America and Europe is expected to reach 249.6 kilo
tons and 375.6 kilo tons by 2019 respectively. ESK-SIC Gmbh, The Dow Chemical Company,
Grindwell Norton Ltd. AGSCO Corporation, Entegris Inc., Norstel AB and Gaddis Engineered
Materials along with others were key market participants in the SiC industry.

Related & Recently Published Reports by Transparency Market Research






Silicon Carbide Market: Product Segment Analysis

Black SiC

Green SiC

Others (Coated SiC, refractory SiC, metallurgical SiC and metallurgical briquettes,
SiC micro grit)

Silicon Carbide Market: End-user Analysis

Steel & energy


Aerospace & aviation

Military & defense

Electronics & semiconductors

Medical & healthcare

Others (Chemicals, fabrication etc.)

Silicon Carbide Market: Regional Analysis

North America


Asia Pacific

Rest of the World (RoW)

Browse all Chemical Industry Research Reports @


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