Latin America Silicon Carbide Market Size & Outlook
The silicon carbide market in Latin America is expected to reach a projected revenue of US$ 503.0 million by 2030. A compound annual growth rate of 9.3% is expected of Latin America silicon carbide market from 2022 to 2030.
Revenue, 2021 (US$M)
$225.3
Forecast, 2030 (US$M)
$503.0
CAGR, 2022 - 2030
9.3%
Report Coverage
Latin America
Latin America silicon carbide market, 2018-2030 (US$M)
Related Markets
Latin America silicon carbide market highlights
- The Latin America silicon carbide market generated a revenue of USD 225.3 million in 2021.
- The market is expected to grow at a CAGR of 9.3% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 225.3 million |
| Market revenue in 2030 | USD 503.0 million |
| Growth rate | 9.3% (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, Latin America region accounted for 7.6% 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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Latin America silicon carbide market size, by country, 2018-2030 (US$M)
Latin America Silicon Carbide Market Outlook Share, 2021 & 2030 (US$M)
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