The market for silicon carbide is expected to grow at a 7.5% CAGR over the next seven years. It is expected to reach US$ 5.8 billion by 2032. As a result, the demand for silicon carbide is increasing in various applications. For instance, the silicon carbide industry is booming in power electronics, where it is used in power systems. Furthermore, the demand for silicon carbide is increasing in various industrial fields.
The Black Silicon Carbide (SIC) market is estimated to reach USD million by 2028. It is expected to grow at a CAGR of % during the forecast period. The report provides a detailed analysis of the market and its various segments, including revenue, type, application, and geography. The report also covers the competitive landscape, including profiles of key players in the market.
Black silicon carbide is used in outdoor pavement, where traction is important as well as slip resistance. Its low porosity makes it a high performance material that stands up to weathering and environmental stress. It is also used in highway speed bumps, airport runways, and decks.
Green Silicon Carbide is a high-purity silicon carbide that is more friable than Black Silicon Carbide. It is commonly used in refractory materials, electrical applications, and technical ceramics. The material is also useful for grinding hard alloys. Cool cutting is an important characteristic of this material.
The price of silicon carbide is divided into two main categories: black and green. Black silicon carbide prices range from $1,400 to $2,700 per ton, while green silicon carbide prices are between $2,000 and $3300 per ton. As of the end of February, the price of silicon carbide is expected to increase. Manufacturers are reportedly considering increasing prices in the near future.
The growing market for electric vehicles (EVs) is increasing the demand for SiC-based power electronics. Compared to traditional silicon-based power electronics, SiC-based devices are more efficient and have a lower total cost of ownership. For this reason, SiC-based power electronics are increasingly being used in EV drivetrains and onboard battery charging units. To meet this growing demand, Infineon is securing a supply of 150-mm SiC substrates and is working with II-VI to develop a 200-mm SiC substrate.
The new manufacturing facility will provide greater production capacity for the SiC material. This facility will be vertically integrated, according to the company. This new manufacturing facility is expected to help Onsemi provide a complete power electronics solution to its customers. The company also plans to invest approximately $4 billion in the next five years to increase its substrate capacity.
Silicon carbide is an important component of semiconductors. As the world's largest producer, China exports a lot of the material. However, the production capacity of China's silicon carbide plants is below 50 percent. China's silicon carbide output amounted to 1.02 million tons in 2015 and is expected to reach 1.05 million tons this year.
After the quota for silicon carbide was lifted in December 2013, the volume of exports increased rapidly and stabilised in 2015-2016. Total exports of the material reached 321,500 tons in 2016, an increase of 2.1% over the previous year. Of this total, 111,900 tons were exported from Ningxia, making it the country's largest exporter.
Silicon carbide is a compound of silicon and carbon. It is an important ingredient in the production of semiconductor devices and solar cells. It has many advantages over silicon, but is expensive compared to the latter. It is also less expensive than ferrosilicon, which is being replaced by silicon carbide as a primary melting agent.
Although silicon carbide is expensive, it has immense potential in the power electronics industry. But the current commercial viability of silicon carbide is still questionable. Two major obstacles to silicon carbide adoption are the cost and processing difficulty. Despite these challenges, silicon carbide is still considered a superior semiconductor to silicon.
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