The silicon carbide market size is expected to reach USD 15.68 Bn by 2032, from USD 10.29 Bn in 2025, exhibiting at a CAGR of 6.2% during the forecast period.
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Silicon carbide is one of the hardest compounds that have excellent power switching frequency and power rating. This property makes it ideal for electronic applications. It is produced by mixing petroleum coke and sand in high pressure and temperature conditions. Silicon carbide is broadly used in high-power devices, optoelectronics devices, high-temperature devices, and high-frequency power devices.
However, silicon carbide is a brittle material and this poses major challenges during the production of small components that are used in semiconductor devices.
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The renewable energy transition has emerged as a primary catalyst for Silicon Carbide (SiC) adoption, fundamentally transforming the power electronics landscape across multiple applications. The solar photovoltaic systems, wind turbines, and energy storage solutions increasingly rely on SiC-based power devices due to their superior efficiency, high voltage handling, and thermal performance.
For instance, according to Ember Energy Org, global clean electricity surpassed 40% in 2024—driven largely by solar growth. This rapid expansion of renewable infrastructure underscores the growing need for advanced power electronics like SiC, which can optimize energy conversion efficiency and reliability in harsh operating environments.
On the basis of Application, the black SiC segment is expected to account for the largest market share of 58.0% in 2025 in terms of value.
Black Silicon Carbide (SiC) is a semi-friable abrasive often used for general abrasive applications in bonded abrasive tools, lapping, polishing, tock tumbling, glass etching, and frosting. Green silicon carbide is of higher purity than black silicon carbide. Green silicon carbide is sharp and friable, which makes it a good abrasive. It is the hardest of the conventional abrasives and is used to grind less ductile materials of lower tensile strength such as carbides and ceramics.
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Asia Pacific is expected to dominate the global silicon carbide market accounting for 56.0% in 2025 in terms of value. This leadership is driven by the region’s robust industrial base—including major steel-producing countries like China, India, and Japan—as well as significant investments in manufacturing infrastructure. Over the past decade, enhanced production capabilities and increasing foreign supplier presence have spurred the growth of downstream industries and accelerated SiC adoption.
For instance, according to SEMICOREX, around 80% of China’s SiC wafers and over 95% of devices are still supplied by foreign manufacturers. However, efforts toward vertical integration—from wafer production to device fabrication—could lead to a 5%–10% increase in output and a 10%–15% rise in profit margins. This shift underscores the region’s growing focus on self-sufficiency and technological advancement in the SiC value chain.
The U.S. leads the silicon carbide market with significant investments in semiconductor manufacturing and electric vehicle technologies. Strong government support for clean energy and advanced electronics, along with major tech companies and startups focusing on SiC innovations, drives market growth. The U.S. also emphasizes domestic production to reduce reliance on foreign supply chains.
China’s rapid industrialization and expansion of electric vehicle production make it a key player in the silicon carbide market. The country’s aggressive push for renewable energy adoption and development of advanced manufacturing capabilities boosts demand for SiC devices. Additionally, China’s large-scale investment in semiconductor fabrication plants strengthens its role in the global SiC supply chain.
Germany’s leadership in automotive manufacturing, especially its strong focus on electric and hybrid vehicles, fuels demand for silicon carbide components. The German automakers invest heavily in SiC technology to improve vehicle efficiency and performance. Moreover, Germany’s advanced research institutions contribute to innovations in SiC materials and applications.
Japan plays a crucial role in the silicon carbide market due to its expertise in semiconductor materials and electronic components. Japanese companies are pioneers in SiC wafer production and power device manufacturing. The country’s focus on energy-efficient technologies and industrial automation further drives SiC adoption in various sectors, including automotive and consumer electronics.
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Brand/Manufacturer |
Typical Price Range (USD) |
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Wolfspeed (Cree Inc.) |
2,000-5,000 per wafer; 15-50 per MOSFET |
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II-VI Incorporated |
1500-3500 per 100mm wafer |
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STMicroelectronics |
20-60 per MOSFET; 300-700 per module |
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Rohm Semiconductor |
10-40 per discrete device |
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Saint-Gobain Abrasives |
1.50-3.00 per kg powder; 50-250 per grinding wheel |
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| Report Coverage | Details | ||
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| Base Year: | 2024 | Market Size in 2025: | USD 10.29 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 6.2% | 2032 Value Projection: | USD 15.68 Bn |
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| Companies covered: |
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, and Snam Abrasives Pvt. Ltd. |
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*Definition: Silicon carbide is a hard refractory material of silicon and carbon. It is also known as carborundum. It occurs in nature as the extremely rare mineral moissanite silicon carbide, also known as SiC, is a semiconductor base material that consists of pure silicon and pure carbon. You can dope SiC with nitrogen or phosphorus to form an n-type semiconductor or dope it with beryllium, boron, aluminum, or gallium to form a p-type semiconductor.
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About Author
Yash Doshi is a Senior Management Consultant. He has 12+ years of experience in conducting research and handling consulting projects across verticals in APAC, EMEA, and the Americas.
He brings strong acumen in helping chemical companies navigate complex challenges and identify growth opportunities. He has deep expertise across the chemicals value chain, including commodity, specialty and fine chemicals, plastics and polymers, and petrochemicals. Yash is a sought-after speaker at industry conferences and contributes to various publications on topics related commodity, specialty and fine chemicals, plastics and polymers, and petrochemicals.
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