Asia Pacific Silicon Carbide Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Black Silicon Carbide and Green Silicon Carbide) and End-Use Industry (Automotive, Aerospace and Aviation, Military and Defense, Electronics and Semiconductor, Medical and Healthcare, Steel, and Others)

Publication Month: May 2021 | Report Code: TIPRE00022185 | No. of Pages: 96 | Category: Chemicals and Materials | Status: Published

Covid
Assesing the covid-19 impact?
Get the Latest COVID-19 Analysis on this market
Request Now
Happy to join you in your fight against the COVID-19 economic pandemic!

The silicon carbide market in Asia Pacific is expected to grow from US$ 436.40 million in 2019 to US$ 1,118.92 million by 2027; it is estimated to grow at a CAGR of 12.6% from 2020 to 2027.

Asia Pacific held the largest share of the Asia Pacific silicon carbide market. The manufacturing sector in these countries has experienced a huge shift over the years. The Asia Pacific manufacturing sector is rapidly adopting innovation accelerators that include advanced technologies and processes. Over the past few years, the manufacturing spending of the region has grown significantly and is further anticipated to grow at the highest estimated growth rate. The high demand for silicon carbide from the automotive, electronics & semiconductor, medical, and other industries is further driven by market growth in the Asian region. In addition to that, favorable conditions for production activities, in addition to the growing market demand, have attracted Asia Pacific companies to make strategic investments in this region. The demand for silicon carbide materials is anticipated to witness considerable growth in the near future because of its unique physical & chemical properties and lucrative market opportunities created for all the key players in the Asia-Pacific market.

In case of COVID-19 outbreak, countries in Asia Pacific, especially India, reported an unprecedented rise in the number of confirmed cases, which led to the discontinuation of silicon carbide manufacturing activities. Other chemical and materials manufacturing sector has negatively impacted the demand for silicon carbide during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to the discontinuation of silicon carbide components manufacturing projects, thereby reducing the demand for silicon carbide. Similar trend was witnessed in other Asia Pacific countries, such as Australia, Japan, and China. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific silicon carbide market. Silicon carbide is a semiconductor, and it is being used widely in electronics and semiconductors industries as a replacement of silicon. It offers greater breakdown electric field strength, band gap, and thermal conductivity, along with enabling a wider range of p- and n-type control required for the construction of a device. For instance, silicon has a band gap of ~1.12, whereas silicon carbide offers a band gap of ~3.26. Similarly, thermal conductivity for silicon carbide is 1490 W/m-K, which is significantly higher than the thermal conductivity of silicon—150 W/m-K. A majority of silicon carbide is being used to make diodes that are used in power supplies and hybrid modules such as PV7. According to the statistics cited by the Semiconductor Industry Association (SIA), Asia Pacific sales of semiconductors witnessed a hike of 4.8% on year-to-year basis and a hike of 6.0% on month-to-month basis. Moreover, 2021 is likely to be a promising year for semiconductors businesses as per the predictions by the World Semiconductor Trade Statistics (WSTS) organization. Such promising statistics depict the growth of electronics and semiconductor industries, making them a lucrative market segment for the Asia Pacific silicon carbide market vendors.

Get more information on this report :


Asia Pacific Silicon Carbide Market Segmentation

Asia Pacific Silicon Carbide Market – By Type

  • Black Silicon Carbide
  • Green Silicon Carbide

Asia Pacific Silicon Carbide Market – By End-User Industry

  • Automotive
  • Aerospace and Aviation
  • Military and Defense
  • Electronics and Semiconductor
  • Medical and Healthcare
  • Steel
  • Others

Asia Pacific Silicon Carbide Market, by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Asia Pacific Silicon Carbide Market-Companies Mentioned

  • Fiven ASA
  • Carborundum Universal Limited
  • Futong Industry Co. Limited
  • Electro Abrasives, LLC
  • Grindwell Norton Ltd.  

1.             Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.             Asia Pacific Silicon Carbide Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.2.1        APAC

4.3        Expert Opinion

5.             Asia Pacific Silicon Carbide Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Growth of the Electronics and Semiconductors Industries

5.1.2        Wide Range of Applications

5.2        Market Restraints

5.2.1        High Cost of Raw Materials

5.3        Market Opportunities

5.3.1        An Upsurge in the Focus on Investments, Product Innovations, Expansion, Partnerships, and Acquisitions

5.4        Future Trends

5.4.1        Rapid Adoption of Electric Vehicles

5.5        Impact Analysis of Drivers and Restraint

6.             Silicon carbide – Asia Pacific Market Analysis

6.1        Silicon carbide Market Overview

6.2        Asia Pacific Silicon Carbide Market –Revenue and Forecast to 2027 (US$ Million)

7.             Asia Pacific Silicon Carbide Market Analysis – By Type

7.1        Overview

7.2        Silicon Carbide Market, By Type (2019 and 2027)

7.3        Black Silicon Carbide

7.3.1        Overview

7.3.2        Black Silicon Carbide: Silicon carbide Market – Revenue and Forecast to 2027 (US$ Mn)

7.4        Green Silicon Carbide

7.4.1        Overview

7.4.2        Green Silicon Carbide: Silicon carbide Market – Revenue and Forecast to 2027 (US$ Mn)

8.             Asia Pacific Silicon Carbide Market Analysis – By End-Use Industry

8.1        Overview

8.2        Silicon Carbide Market, By End-use industry (2019 and 2027)

8.3        Automotive

8.3.1        Overview

8.3.2        Automotive: Silicon Carbide Market – Revenue and Forecast to 2027 (US$ Mn)

8.4        Aerospace and Aviation

8.4.1        Overview

8.4.2        Aerospace and Aviation: Silicon Carbide Market – Revenue and Forecast to 2027 (US$ Mn)

8.5        Military and Defense

8.5.1        Overview

8.5.2        Military and Defense: Silicon Carbide Market – Revenue and Forecast to 2027 (US$ Mn)

8.6        Electronics and Semiconductors

8.6.1        Overview

8.6.2        Electronics and Semiconductors: Silicon Carbide Market – Revenue and Forecast to 2027 (US$ Mn)

8.7        Medical and Healthcare

8.7.1        Overview

8.7.2        Medical and Healthcare: Silicon Carbide Market – Revenue and Forecast to 2027 (US$ Mn)

8.8        Steel

8.8.1        Overview

8.8.2        Steel: Silicon Carbide Market – Revenue and Forecast to 2027 (US$ Mn)

8.9        Others

8.9.1        Overview

8.9.2        Others: Silicon Carbide Market – Revenue and Forecast to 2027 (US$ Mn)

9.             Asia Pacific Silicon Carbide (SiC) Market – Country Analysis

9.1        Overview

9.1.1        Asia Pacific: Silicon Carbide (SiC) Market, by Key Country

9.1.1.1       China: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1       China: Silicon Carbide (SiC) Market, Type

9.1.1.1.2       China: Silicon Carbide (SiC) Market, End-Use Industry

9.1.1.2       Australia: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1       Australia: Silicon Carbide (SiC) Market, Type

9.1.1.2.2       Australia: Silicon Carbide (SiC) Market, End-Use Industry

9.1.1.3       Japan: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1       Japan: Silicon Carbide (SiC) Market, Type

9.1.1.3.2       Japan: Silicon Carbide (SiC) Market, End-Use Industry

9.1.1.4       India: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1       India: Silicon Carbide (SiC) Market, Type

9.1.1.4.2       India: Silicon Carbide (SiC) Market, End-Use Industry

9.1.1.5       South Korea: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.5.1       South Korea: Silicon Carbide (SiC) Market, Type

9.1.1.5.2       South Korea: Silicon Carbide (SiC) Market, End-Use Industry

9.1.1.6       Rest of Asia Pacific: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.6.1       Rest of APAC: Silicon Carbide (SiC) Market, Type

9.1.1.6.2       Rest of APAC: Silicon Carbide (SiC) Market, End-Use Industry

10.          Overview- Impact of COVID-19 on Asia Pacific Silicon Carbide Market

10.1      Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11.          Company Profiles

11.1      Fiven ASA

11.1.1      Key Facts

11.1.2      Business Description

11.1.3      Products and Services

11.1.4      Financial Overview

11.1.5      SWOT Analysis

11.2      Carborundum Universal Limited

11.2.1      Key Facts

11.2.2      Business Description

11.2.3      Products and Services

11.2.4      Financial Overview

11.2.5      SWOT Analysis

11.3      Futong Industry Co. Limited

11.3.1      Key Facts

11.3.2      Business Description

11.3.3      Products and Services

11.3.4      Financial Overview

11.3.5      SWOT Analysis

11.4      Electro Abrasives, LLC

11.4.1      Key Facts

11.4.2      Business Description

11.4.3      Products and Services

11.4.4      Financial Overview

11.4.5      SWOT Analysis

11.5      Grindwell Norton Ltd.

11.5.1      Key Facts

11.5.2      Business Description

11.5.3      Products and Services

11.5.4      Financial Overview

11.5.5      SWOT Analysis

12.          Appendix

12.1      About the Insight Partners

                12.2        Word Index

LIST OF TABLES

Table 1.              Asia Pacific Silicon carbide Market –Revenue and Forecast to 2027 (USD Million)

Table 2.              China Silicon Carbide (SiC) Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 3.              China Silicon Carbide (SiC) Market, by End-Use Industry – Revenue and Forecast to 2027 (USD Million)

Table 4.              Australia Silicon Carbide (SiC) Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 5.              Australia Silicon Carbide (SiC) Market, by End-Use Industry – Revenue and Forecast to 2027 (USD Million)

Table 6.              Japan Silicon Carbide (SiC) Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 7.              Japan Silicon Carbide (SiC) Market, by End-Use Industry – Revenue and Forecast to 2027 (USD Million)

Table 8.              India Silicon Carbide (SiC) Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 9.              India Silicon Carbide (SiC) Market, by End-Use Industry – Revenue and Forecast to 2027 (USD Million)

Table 10.            South Korea Silicon Carbide (SiC) Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 11.            South Korea Silicon Carbide (SiC) Market, by End-Use Industry – Revenue and Forecast to 2027 (USD Million)

Table 12.            Rest of APAC Silicon Carbide (SiC) Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 13.            Rest of APAC Silicon Carbide (SiC) Market, by End-Use Industry – Revenue and Forecast to 2027 (USD Million)

Table 14.            List of Abbreviation

LIST OF FIGURES

Figure 1.            Silicon carbide Market Segmentation

Figure 2.            Asia Pacific Silicon carbide Market Segmentation – By Country

Figure 3.            Asia Pacific Silicon Carbide Market Overview

Figure 4.            Black Silicon Carbide Segment Held Largest Share of Asia Pacific Silicon Carbide Market

Figure 5.            China Held Largest Share of Asia Pacific Silicon carbide Market

Figure 6.            Asia Pacific Silicon Carbide Market, Key Market Players

Figure 7.            Silicon Carbide Market Impact Analysis of Drivers and Restraints

Figure 8.            Asia Pacific: Silicon Carbide Market – Revenue and Forecast to 2027 (US$ Million)

Figure 9.            Silicon Carbide Market Revenue Share, By Type (2019 and 2027)

Figure 10.          Black Silicon Carbide: Silicon carbide Market – Revenue and Forecast To 2027 (US$ Mn)

Figure 11.          Green Silicon Carbide: Silicon carbide Market – Revenue and Forecast To 2027 (US$ Mn)

Figure 12.          Silicon Carbide Market Revenue Share, By End-use industry (2019 and 2027)

Figure 13.          Automotive: Silicon Carbide Market – Revenue and Forecast To 2027 (US$ Mn)

Figure 14.          Aerospace and Aviation: Silicon Carbide Market – Revenue and Forecast To 2027 (US$ Mn)

Figure 15.          Military and Defense: Silicon Carbide Market – Revenue and Forecast To 2027 (US$ Mn)

Figure 16.          Electronics and Semiconductors: Silicon Carbide Market – Revenue and Forecast To 2027 (US$ Mn)

Figure 17.          Medical and Healthcare: Silicon Carbide Market – Revenue and Forecast To 2027 (US$ Mn)

Figure 18.          Steel: Silicon Carbide Market – Revenue and Forecast To 2027 (US$ Mn)

Figure 19.          Others: Silicon Carbide Market – Revenue and Forecast To 2027 (US$ Mn)

Figure 20.          Asia Pacific: Silicon Carbide Market, by Key Country – Revenue (2019) (USD Million)

Figure 21.          Asia Pacific: Silicon Carbide (SiC) Market Revenue Share, by Key Country (2019 and 2027)

Figure 22.          China: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 23.          Australia: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 24.          Japan: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 25.          India: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 26.          South Korea: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 27.          Rest of Asia Pacific: Silicon Carbide (SiC) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 28.          Impact of COVID-19 Pandemic in Asia Pacific Country Markets

 

  1. Fiven ASA
  2. Carborundum Universal Limited
  3. Futong Industry Co. Limited
  4. Electro Abrasives, LLC
  5. Grindwell Norton Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific silicon carbide market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific silicon carbide market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the silicon carbide market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  
TIPRE00022185
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Pricing