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

Publication Month: May 2021 | Report Code: TIPRE00022183 | No. of Pages: 104 | Category: Chemicals and Materials | Status: Published

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The silicon carbide market in Europe is expected to grow from US$ 85.11 million in 2019 to US$ 211.84 million by 2027; it is estimated to grow at a CAGR of 12.2% from 2020 to 2027.

The market for the Europe region includes Germany, France, Italy, the UK, Russia, and the rest of Europe. The chemical industry contributes a major share to the GDP of the region. This industry is supporting the growth of the economy by assisting with various materials to be used in end-use applications that result in the creation of a diversified array of business opportunities and services. The chemical and materials industry of the EU is considered to be a crucial industry as it significantly contributes to the country’s GDP as well as employs millions of people in the region. Increasing demand for silicon carbide in various product processing for end-use application in semiconductor, automotive, electrical, and other industries are influencing the silicon carbide (SiC) Market in Europe.

In case of COVID-19 outbreak, countries in Europe, especially France, 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 European countries, such as Russia, the UK, Italy, Spain and Germany. 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 Europe 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), Europe 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 Europe silicon carbide market vendors.

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Europe Silicon Carbide Market Segmentation        


Europe Silicon Carbide Market – By Type

  • Black Silicon Carbide
  • Green Silicon Carbide

Europe Silicon Carbide Market – By End-User Industry

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

Europe Silicon Carbide Market, by Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Silicon Carbide Market-Companies Mentioned

  • Fiven ASA
  • Carborundum Universal Limited
  • Esd-Sic bv
  • Esk-Sic GmbH
  • Futong Industry Co. Limited
  • Electro Abrasives, LLC
  • Washington Mills
  • Tifor B.V.
  • 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.             Europe Silicon Carbide Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.2.1        Europe

4.3        Expert Opinion

5.             Europe Silicon Carbide Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Proliferation of Electronics and Semiconductors Industries

5.1.2        Wide Range of Applications

5.2        Market Restraints

5.2.1        High Material Cost

5.3        Market Opportunities

5.3.1        Increasing Focus on Investments, Product Innovations, Expansion, Partnerships, and Acquisitions

5.4        Future Trends

5.4.1        Rising Adoption of Electric Vehicles

5.5        Impact Analysis of Drivers and Restraint

6.             Silicon carbide – Europe Market Analysis

6.1        Silicon carbide Market Overview

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

7.             Europe 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.             Europe 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.             Europe Silicon Carbide (SiC) Market – Country Analysis

9.1        Overview

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

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

9.1.1.1.1       Germany: Silicon Carbide (SiC) Market, Type

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

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

9.1.1.2.1       France: Silicon Carbide (SiC) Market, Type

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

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

9.1.1.3.1       Italy: Silicon Carbide (SiC) Market, Type

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

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

9.1.1.4.1       UK: Silicon Carbide (SiC) Market, Type

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

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

9.1.1.5.1       Russia: Silicon Carbide (SiC) Market, Type

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

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

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

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

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

10.1      Europe: 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      ESD-SIC bv

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      ESK-SIC GmbH

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      Futong Industry Co. Limited

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

11.6      Electro Abrasives, LLC

11.6.1      Key Facts

11.6.2      Business Description

11.6.3      Products and Services

11.6.4      Financial Overview

11.6.5      SWOT Analysis

11.7      Washington Mills

11.7.1      Key Facts

11.7.2      Business Description

11.7.3      Products and Services

11.7.4      Financial Overview

11.7.5      SWOT Analysis

11.8      Tifor B.V.

11.8.1      Key Facts

11.8.2      Business Description

11.8.3      Products and Services

11.8.4      Financial Overview

11.8.5      SWOT Analysis

11.9      Grindwell Norton Ltd.

11.9.1      Key Facts

11.9.2      Business Description

11.9.3      Products and Services

11.9.4      Financial Overview

11.9.5      SWOT Analysis

12.          Appendix

12.1      About The Insight Partners

                12.2        Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

Table 13.            Rest of Europe 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.            Europe Silicon carbide Market Segmentation – By Country

Figure 3.            Europe Silicon Carbide Market Overview

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

Figure 5.            Rest of Europe Held Largest Share of Europe Silicon carbide Market

Figure 6.            Europe Silicon Carbide Market, Key Market Players

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

Figure 8.            Europe: 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.          Europe: Silicon Carbide (SiC) Market, by Key Country – Revenue (2019) (USD Million)

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

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

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

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

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

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

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

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

  1. Fiven ASA
  2. Carborundum Universal Limited
  3. ESD-SIC bv
  4. ESK-SIC GmbH
  5. Futong Industry Co. Limited
  6. Electro Abrasives, LLC
  7. Washington Mills
  8. Tifor B.V.
  9. Grindwell Norton Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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
TIPRE00022183
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