Ultra High Purity Silicon Carbide Market

Market Overview:

The global ultra high purity silicon carbide market size reached US$ 39.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 129.8 Million by 2032, exhibiting a growth rate (CAGR) of 13.89% during 2024-2032.

Silicon carbide is a semiconductor that consists of silicon and carbon. The grains of silicon carbide are bonded through the process of sintering to make hard ceramics. Ultra-high purity silicon carbide offers high resistance to corrosion, thermal conductivity, uniform electric behavior, and low defect density. It also minimizes the impurities and provides optimum and high performance, making it suitable for next-generation power devices such as power converters and electric vehicles. In recent years, ultra-high purity silicon carbide has gained traction worldwide as it finds application in the production of high endurance car clutches and brakes, ceramic plates for bulletproof vests, power suppliers, photovoltaic inverters, high voltage switches, and thin-film coatings.

Ultra High Purity Silicon Carbide Market Trends:

The global ultra-high purity silicon carbide market is primarily driven by the growing demand for renewable energy sources for power generation. The rising production of semiconductors is also propelling the market growth as ultra-high purity silicon carbide removes impurities and contamination to enhance the performance of semiconductors. In addition to this, ultra-high purity silicon carbide possesses properties that aid in effective power management and provide power control features in electric vehicles. Besides this, with the increasing demand for light-emitting diodes (LEDs), there has been a significant rise in the use of ultra-high purity carbide as a substrate material in LEDs, which determines the brightness, color, life and other performance indicators. Furthermore, there has been an increasing emergence of technologies like quantum computing, artificial intelligence (AI), and 5G technology for designing and manufacturing semiconductors.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global ultra high purity silicon carbide market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on application and distribution channel.

Breakup by Application:

• Semiconductor
• LEDs
• Others
   

Breakup by Distribution Channel:

• Online
• Offline
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AGC Inc., American Elements, Bridgestone Corporation, CoorsTek Inc., Ferrotec (USA) Corporation, JJISCO Inc., Nanoshel LLC, Pacific Rundum Co. Ltd., Polycrystal LLC and Washington Mills.

Report Coverage:

Key Questions Answered in This Report:

• How has the global ultra high purity silicon carbide market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global ultra high purity silicon carbide market?
• What are the key regional markets?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global ultra high purity silicon carbide market and who are the key players?
• What is the degree of competition in the industry?