Asia Pacific Silicon Carbide Market Size & Outlook
The silicon carbide market in Asia Pacific is expected to reach a projected revenue of US$ 5,243.1 million by 2030. A compound annual growth rate of 13.1% is expected of Asia Pacific silicon carbide market from 2022 to 2030.
Revenue, 2021 (US$M)
$1,738.2
Forecast, 2030 (US$M)
$5,243.1
CAGR, 2022 - 2030
13.1%
Report Coverage
Asia Pacific
Asia Pacific silicon carbide market, 2018-2030 (US$M)
Related Markets
Asia Pacific silicon carbide market highlights
- The Asia Pacific silicon carbide market generated a revenue of USD 1,738.2 million in 2021.
- The market is expected to grow at a CAGR of 13.1% from 2022 to 2030.
- In terms of segment, black sic was the largest revenue generating product in 2021.
- Green SiC is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 1,738.2 million |
| Market revenue in 2030 | USD 5,243.1 million |
| Growth rate | 13.1% (CAGR from 2021 to 2030) |
| Largest segment | Black sic |
| Fastest growing segment | Green SiC |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Black SiC, Green SiC |
| Key market players worldwide | Murugappa Group, CoorsTek, Entegris Inc, Snam SpA, Grindwell Norton |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 58.7% of the global silicon carbide market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,243.1 million by 2030.
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Silicon Carbide Market Scope
Silicon carbide market segmentation & scope
Silicon Carbide Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific silicon carbide market size, by country, 2018-2030 (US$M)
Asia Pacific Silicon Carbide Market Outlook Share, 2021 & 2030 (US$M)
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