Ultra High Purity Silicon Carbide Market Overview
The global ultra high purity silicon carbide market was worth USD 26.6 million in 2021 and is expected to expand to USD 92.8 million by 2030 at a CAGR of 14.9%.
Ultra high purity silicon carbide (SiC) is a synthetic material that is made up of silicon and carbon atoms. It is known for its high strength, high thermal conductivity, and low thermal expansion. These properties make it an ideal material for use in a variety of applications including high-power electronics, chemical processing, and automotive parts.
The ultra high purity silicon carbide market is expected to grow in the coming years due to increasing demand for high-power electronics and the growing adoption of SiC-based power devices. SiC-based power devices are more efficient and have a longer lifespan than traditional silicon-based devices, making them an attractive option for use in a variety of applications.
Factors driving the growth of the ultra high purity silicon carbide market include the increasing demand for high-power electronics, the growing adoption of SiC-based power devices, and the increasing demand for electric vehicles. The development of new technologies, such as SiC-based power electronics for use in renewable energy systems, is also expected to boost the market growth.
The ultra high purity silicon carbide market can be segmented by type, application, and region. By type, the market can be divided into monocrystalline SiC and polycrystalline SiC. Monocrystalline SiC is expected to dominate the market due to its high purity and low defect density. By application, the market can be segmented into high-power electronics, chemical processing, and others.
Geographically, the ultra high purity silicon carbide market can be segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America and Europe are expected to dominate the market due to the presence of a large number of high-power electronics and automotive companies in these regions. The Asia Pacific region is also expected to witness significant growth due to the increasing demand for high-power electronics and electric vehicles in the region.
Ultra High Purity Silicon Carbide Market: Competitive Analysis
The global ultra high purity silicon carbide market is dominated by players like:
- LG Innotek
- American Elements
- Pacific Rundum Co. Ltd.
- JJISCO Inc.
- CoorsTek Inc.
- Washington Mills
- JJISCO
- Ferrotec Corporation
- Nanoshel LLC
- Polycrystal
- Bridgestone Corporation
- AGC Inc.
The global ultra high purity silicon carbide market is segmented as follows:
By Application
- Semiconductor
- LEDs
- Others
By Distribution Channel
- Online
- Offline
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
