U.S. Silicon Carbide Market Size & Outlook, 2021-2030
The silicon carbide market in the United States is expected to reach a projected revenue of US$ 613.2 million by 2030. A compound annual growth rate of 10.5% is expected of the United States silicon carbide market from 2022 to 2030.
Revenue, 2021 (US$M)
$249.8
Forecast, 2030 (US$M)
$613.2
CAGR, 2022 - 2030
10.5%
Report Coverage
U.S.
U.S. silicon carbide market, 2018-2030 (US$M)
Related Markets
U.S. silicon carbide market highlights
- The U.S. silicon carbide market generated a revenue of USD 249.8 million in 2021 and is expected to reach USD 613.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10.5% 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.
Silicon carbide market data book summary
| Market revenue in 2021 | USD 249.8 million |
| Market revenue in 2030 | USD 613.2 million |
| Growth rate | 10.5% (CAGR from 2021 to 2030) |
| Largest segment | Black sic |
| Fastest growing segment | Green SiC |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, U.S. accounted for 8.4% of the global silicon carbide market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. silicon carbide market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 613.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Silicon Carbide Market Scope
Silicon carbide market segmentation & scope
Silicon Carbide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. silicon carbide market size, by product, 2018-2030 (US$M)
U.S. Silicon Carbide Market Outlook Share, 2021 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
