Global Silicon Carbide (SIC) Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Market Overview

According to DIResearch＇s in-depth investigation and research, the global Silicon Carbide (SIC) market size will reach 1,950.41 Million USD in 2025 and is projected to reach 2,350.28 Million USD by 2032, with a CAGR of 2.70% (2025-2032). Notably, the China Silicon Carbide (SIC) market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be  Million USD, representing approximately  % of the global market share.

Research Summary

Silicon Carbide (SiC) is a crystalline compound of silicon and carbon, characterized by its exceptional physical and chemical properties. SiC exists in several polytypes, with the most common being hexagonal (4H-SiC) and cubic (3C-SiC). Renowned for its hardness, high thermal conductivity, low thermal expansion coefficient, and excellent electrical conductivity, SiC finds extensive use in a wide range of applications. In the electronics industry, SiC is utilized for the fabrication of high-power and high-frequency electronic devices such as diodes, transistors, and power modules due to its ability to operate at elevated temperatures and high voltages. Additionally, SiC is employed in abrasive materials for grinding, cutting, and polishing applications due to its exceptional hardness and wear resistance. SiC also exhibits superior thermal management properties, making it valuable in heat exchangers, refractory materials, and as a component in high-temperature ceramics. Moreover, SiC has garnered attention for its potential in enabling next-generation technologies such as electric vehicles, renewable energy systems, and advanced power electronics, owing to its ability to improve efficiency, performance, and reliability in demanding environments.

The major global  manufacturers of Silicon Carbide (SIC) include Fiven, Ningxia Tianjing, Lanzhou Heqiao, Tianzhu Yutong, Cumi Murugappa, Elsid S.A, Washington Mills, ESD-SIC, Erdos, Ningxia Jinjing, Elmet, Snam Abrasives, ESK-SIC, Navarro, Pacific Rundum, Zaporozhsky Abrasivny Combinat, Yakushima Denko, Yicheng New Energy, Xinjiang Longhai, Sublime, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of Silicon Carbide (SIC). Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Silicon Carbide (SIC) market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Silicon Carbide (SIC) market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Silicon Carbide (SIC) industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.    

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Silicon Carbide (SIC) Include:

Fiven

Ningxia Tianjing

Lanzhou Heqiao

Tianzhu Yutong

Cumi Murugappa

Elsid S.A

Washington Mills

ESD-SIC

Erdos

Ningxia Jinjing

Elmet

Snam Abrasives

ESK-SIC

Navarro

Pacific Rundum

Zaporozhsky Abrasivny Combinat

Yakushima Denko

Yicheng New Energy

Xinjiang Longhai

Sublime

Silicon Carbide (SIC) Product Segment Include:

Black SiC

Green SiC

Silicon Carbide (SIC) Product Application Include:

Metallurgical Industry

Refractory Industry

Abrasive Industry

Ceramic Industry

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global Silicon Carbide (SIC) Industry PESTEL Analysis

Chapter 3: Global Silicon Carbide (SIC) Industry Porter's Five Forces Analysis

Chapter 4: Global Silicon Carbide (SIC) Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 5: Global Silicon Carbide (SIC) Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 6: Global Silicon Carbide (SIC) Sales, Revenue, Price and Forecast by Product Type

Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 8: Industrial Chain Analysis, Silicon Carbide (SIC) Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology and Data Sources Show more