North America 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: TIPRE00022181 | No. of Pages: 91 | Category: Chemicals and Materials | Status: Published

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The silicon carbide market in North America is expected to grow from US$ 123.38 million in 2019 to US$ 336.76 million by 2027; it is estimated to grow at a CAGR of 13.5% from 2020 to 2027.

The North American region comprises developed economies such as U.S. and Canada, as well as Mexico as a developing nation. The companies are continuously enhancing the overall business processes to meet the customer's demand in the best possible way. Several domestic and international companies have a strong foothold in the North American region. In the North American region, the US is a major market for silicon carbide, followed by Canada and Mexico. The region largely supports the growth of the Silicon Carbide (SiC) Market through effective manufacture and trade policies.  


In case of COVID-19 outbreak, countries in North America, especially the US, 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 North American countries, such as Canada, Mexico, and Costa Rica. 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 North America 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), North America 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 North America silicon carbide market vendors.

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North America Silicon Carbide Market Segmentation      


North America Silicon Carbide Market – By Type

  • Black Silicon Carbide
  • Green Silicon Carbide

North America Silicon Carbide Market – By End-User Industry

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

North America Silicon Carbide Market, by Country

  • US
  • Canada
  • Mexico

North America Silicon Carbide Market-Companies Mentioned

  • Agsco Corp
  • Carborundum Universal Limited
  • Futong Industry Co. Limited
  • Electro Abrasives, LLC
  • Washington Mills
  • 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.             North America Silicon Carbide Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.2.1        North America

4.3        Expert Opinion

5.             North America Silicon Carbide Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Expansion of Electronics and Semiconductors Industries

5.1.2        Diversified Range of Applications

5.2        Market Restraints

5.2.1        High Material Cost associated with Silicon Carbide

5.3        Market Opportunities

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

5.4        Future Trends

5.4.1        Incrementing Adoption of Electric Vehicles

5.5        Impact Analysis of Drivers and Restraint

6.             Silicon carbide – North America Market Analysis

6.1        Silicon carbide Market Overview

7.             North America 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.             North America 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.             Silicon Carbide (SiC) Market – Country Analysis

9.1        Overview

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

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

9.1.1.1.1       US: Silicon Carbide (SiC) Market, Type

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

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

9.1.1.2.1       Canada: Silicon Carbide (SiC) Market, Type

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

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

9.1.1.3.1       Mexico: Silicon Carbide (SiC) Market, Type

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

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

10.1      North America: Impact Assessment of COVID-19 Pandemic

11.          Company Profiles

11.1      AGSCO Corp

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      Washington Mills

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      Grindwell Norton Ltd.

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

12.          Appendix

12.1      About the Insight Partners

                12.2        Word Index

LIST OF TABLES

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

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

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

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

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

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

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

Table 8.              List of Abbreviation

LIST OF FIGURES

Figure 1.            Silicon carbide Market Segmentation

Figure 2.            North America Silicon carbide Market Segmentation – By Country

Figure 3.            North America Silicon Carbide Market Overview

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

Figure 5.            US Held Largest Share of North America Silicon carbide Market

Figure 6.            North America Silicon Carbide Market, Key Market Players

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

Figure 8.            North America Silicon Carbide Market –Revenue and Forecast to 2027 (US$ Million)

Figure 9.            North America: Silicon Carbide Market – Revenue and Forecast to 2027 (US$ Million)

Figure 10.          Silicon Carbide Market Revenue Share, By Type (2019 and 2027)

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

Figure 12.          Green Silicon Carbide: Silicon carbide Market – Revenue and Forecast To 2027 (US$ Mn)

Figure 13.          Silicon Carbide Market Revenue Share, By End-use industry (2019 and 2027)

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

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

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

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

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

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

Figure 20.          Others: Silicon Carbide Market – Revenue and Forecast To 2027 (US$ Mn)

Figure 21.          North America: Silicon Carbide Market, by Key Country – Revenue (2019) (USD Million)

Figure 22.          North America: Silicon Carbide (SiC) Market Revenue Share, by Key Country (2019 and 2027)

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

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

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

Figure 26.          Impact of COVID-19 Pandemic in North American Country Markets

 

  1. Agsco Corp
  2. Carborundum Universal Limited
  3. Futong Industry Co. Limited
  4. Electro Abrasives, LLC
  5. Washington Mills
  6. Grindwell Norton Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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
TIPRE00022181
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