Silicon carbide (SiC), also known as Carborundum is an exceptionally hard material that occurs in minor quantities in the Earth’s crust. It can also be manufactured synthetically by blending petroleum coke and sand (silica) under high temperature and pressure conditions. Diamond, boron carbide and boron nitrate are some of the substitute materials of silicon carbide that also possesses high hardness properties.
Owing to its hardness, silicon carbide has been extensively used as an abrasive material for various industrial applications. Blades, drill tips, and abrasive surfaces for polishing have been manufactured from silicon carbide as a cheaper alternative to diamond and diamond dust. Silicon carbide is also used as a structural material in composite armor, as ceramic plates in bullet-proof vests and in Dragon Skin, an armor device that uses silicon carbide disks as an integral part of its design. Due to the voltage-dependant resistance offered by SiC, the material has been used in lightening arresters and provides safe transfer of high voltages of electricity from lightening as it strikes the earth. Similar properties also helped advance their application in electrical circuits, and silicon wafers have been used on a large scale in electronics and semiconductors in the past few decades.
The Silicon Carbide market was dominated by black SiC and green SiC and they accounted for over 90% of the total silicon carbide product segment in 2012. Black silicon carbide is majorly used in steel manufacturing to increase outputs of steel and recycled steel. Coated SiC, refractory SiC, metallurgical and metallurgical briquettes and SiC micro grit account for a smaller part of the market share and are used in some high-performance applications. Although black and green SiC dominate the SiC product segments, they are expected to show favorable growth in the forecast period.
Due to their exceptional physical properties and their versatility of application, they find diverse application bases in various end-user industries. Steel & energy, electronics & semiconductors and automotives are the major end-user segments that have shown high demand for silicon carbide. Together, these three end-user segments accounted for more than 70% of the market in 2012. Medical & healthcare is expected to show the highest growth between 2013 and 2019 along with automotives.
Asia Pacific was the largest market for silicon carbide in 2012, accounting 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 by volumes. Europe and Rest of the World (RoW) have also shown great promise in silicon carbide demand and together accounted for about 30% of SiC sales. Asia Pacific and RoW are expected to be strong future markets for SiC due to growing industrialization and infrastructure.
AGSCO Corporation, Carborundum Universal Ltd., Entegris Inc., ESD-SIC b.v., ESK-SIC GmbH, Gaddis Engineered Materials, Grindwell Norton Ltd., Norstel AB, Saint-Gobain Ceramics Materials GmbH, Snam Abrasives Pvt. Ltd., The Dow Chemical Company, Timcal Ltd. and Xiamen Powerway Advanced Material Company Limited are some of the major manufacturers of silicon carbide.
High demand for steel manufacturing and steel processing along with recycling has been driving the market for silicon carbide (SiC) in the past few years. Silicon carbide is a key component of the semiconductor devices and growth in the electronics and semiconductor market is also a driving factor governing SiC market growth. The high precision required for manufacturing components and the low level of tolerances in the end-user market have been restraining the market at the same time.
This report gives a detailed description of the global silicon carbide market based on volume share (kilo tons) and revenue (USD million) for the period 2013 to 2019. The report highlights the factors contributing towards the growth of the market and the restraints that impede the market. The report also explains the competitive landscape with company market shares of key market players. Detailed forecasts for the years 2013-2019 for silicon carbide have been given separately, for better understanding of the market scenario. The silicon carbide market is described with respect to their various segments along with the opportunities that are expected in the coming six years.
For geographic analysis, the global silicon carbide market has been segmented into regions such as North America, Europe, Asia Pacific and Rest of the World. Based on the product segments, the silicon carbide market can be categorized into different segments such as black SiC, green SiC and others such as coated SiC, refractory SiC, metallurgical SiC, metallurgical briquettes and SiC micro grit. Black SiC has been the largest market and is expected to show the highest growth during the forecast period.
The major end-user segments in the silicon carbide market are steel & energy, automotives, aerospace & aviation, military & defense, electronics & semiconductors and medical & healthcare. Of these, steel & energy, electronics & semiconductors and automotives have been the major markets while medical & healthcare is expected to show the highest growth in the near future.
Market numbers are given on the basis of different silicon carbide products and key end-user markets. Market size and forecast for each major application is provided in the context of global as well as the regional market. Inflation is not a part of pricing in this report. A combination of primary and secondary research has been employed to arrive at the market estimates, market shares and trends. We have adopted bottom up model to derive market size of the global silicon carbide market and further validated numbers with the key market participants.
For a more comprehensive view of the market, a value chain analysis and Porter’s five forces model is provided to throw light on the specifics of the industry structure besides giving an overview of the degree of competitiveness. The report also includes detailed profiles of key players such as ESK SIC GmbH, Grindwell Norton Ltd., The Dow Chemical Company, Carborundum Universal Ltd., Norstel AB and Entegris Inc. among others. The detailed description of players includes parameters such as company overview, financial overview, business strategies, SWOT analysis and recent developments of the company.
The in-depth research and high level analysis will allow silicon carbide manufacturers, large retailers, lawmakers and research and development agencies to make informed decisions about silicon carbide manufacturing, designing, marketing, growth strategies and gaining competitive advantage
The report segments the global silicon carbide market as:
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