Silicon carbide is one of the hardest materials on Earth. It stands up well to corrosion and abrasion while withstanding intense heat and voltages with ease.
Moissanite occurs naturally as an extremely rare mineral, while man-made ceramic powder or crystal forms can be produced using silica and carbon heated at high temperatures in an Acheson-style rectangular cross-section electrical resistance furnace.
Price Trend
Silicon carbide market prices are highly dependent upon supply-demand dynamics, with demand decreasing driving price down accordingly. Although the market has seen numerous fluctuations due to changes in demand levels, overall its trend remains positive.
Silicon carbide market continues to experience rapid expansion due to its increasing usage in electronics and semiconductors. It offers advantages including reduced energy loss, small size, power management abilities and excellent high temperature performance that make it suitable for high temperature applications such as power electronics where energy loss must be mitigated while performance can be maximized.
Strategic alliances and collaborations are shaping the market. Many key players in the market have formed strategic alliances in order to enhance efficiency and reduce costs, as well as expand into new areas to drive their growth. Qorvo, an American semiconductor company, recently acquired UnitedSiC, a manufacturer of SiC power semiconductors – this acquisition will strengthen Qorvo’s presence in fast-growing areas such as circuit protection, electric vehicles (EVs) and renewable energy production.
The global silicon carbide market is highly competitive, featuring both established players and newcomers competing to win customers. Asia-Pacific holds more than 60% of global market share; this dominance can be attributed to its robust semiconductor and electronics industries which drive demand for silicon carbide-based devices.
Production Trend
Silicon carbide production has seen a consistent upswing over the years due to the expansion of the semiconductor industry. Silicon carbide material can also be found in applications including automotive power electronics, solar cell production, military and aerospace equipment and even in power electronics used by cars themselves. Due to its long lifespan and resistance against high temperatures, silicon carbide has proven itself indispensable for use in demanding industrial settings.
Silicon carbide demand is forecasted to remain strong over the coming years due to increased adoption of renewable energy sources and electric vehicles. Asia-Pacific dominates global silicon carbide manufacturing markets. Chinese manufacturers recently increased production significantly – leading to collapsed mainstream 6-inch substrate prices and steep decreases in 8-inch price trends; raising concerns over China’s impact on global supply chains.
Procurement Resource offers an online platform that enables buyers and suppliers to track price trends for important industrial materials like silicon carbide. Users can tailor price series according to any period or region; data can also be exported as Excel files to perform offline analysis.
Research by this company offers an in-depth examination of the global silicon carbide market, with particular attention paid to key drivers that affect its size and growth, such as market segments, production trends, pricing dynamics and competitive landscape. A Porter’s five forces analysis provides a framework for understanding market attractiveness as well as recognizing investment opportunities.
Global Market
Silicon carbide market growth is anticipated to experience strong expansion over the coming years, driven by rising energy-saving solutions demand, advancements in power electronics technology and greater penetration of electric vehicles. Furthermore, continued research and development efforts focusing on improving manufacturing methods and material quality may offer further prospects for market expansion in coming years.
Silicon carbide has quickly established itself as one of the go-to materials for many applications despite being relatively new technology. Due to its superior hardness, thermal conductivity, and strength characteristics, silicon carbide has quickly become one of the go-to choices in industries that rely heavily on 5G infrastructure or renewable energy systems.
Silicon Carbide is highly adaptable, finding use in numerous industrial and manufacturing applications such as cutting tools and grinding wheels – crucial components in the creation of semiconductor chips and other electronic devices. Industrial applications account for the majority of silicon Carbide usage worldwide.
North America’s market for semiconductor devices should be substantial due to the presence of numerous semiconductor device manufacturers. Furthermore, North American’s commitment to energy efficiency and electrification plays an influential role; evidenced by increasing demands for silicon carbide devices used in cell base stations and radio frequency transmitters across the continent.
Domestic Market
Silicon carbide domestic market growth has experienced tremendous surges, driven largely by global automobile production growth. This trend is projected to continue, further spurring market development. Furthermore, wide bandgap semiconductors for energy efficiency applications as well as 5G communication and radiofrequency devices is driving market development further. Solar inverters/power management/quantum technologies/superconductors are other applications utilizing silicon carbide products.
Merger and acquisition activity within the silicon carbide industry is expected to drive market growth. ON Semiconductor acquired GT Advanced Technologies Inc in August 2021 in order to strengthen their position within an eco-friendly ecosystem while meeting increasing consumer demand for silicon carbide-based solutions.
North America has become an attractive market for silicon carbide due to the increasing adoption of electric vehicles, driving demand for SiC-based power electronics in EV drivetrains and charging infrastructure. Furthermore, renewable energy projects in North America have increased SiC usage for devices like solar inverters and wind power converters.
The global silicon carbide market is anticipated to experience significant expansion due to its many advantages. While production costs could pose long-term hurdles, investments and technological developments are helping restore this industry.
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