Europe Silicon Carbide Market Size & Outlook, 2022-2030
The silicon carbide market in Europe is expected to reach a projected revenue of US$ 996.0 million by 2030. A compound annual growth rate of 7.9% is expected of Europe silicon carbide market from 2022 to 2030.
- Bulk Chemicals
- Organic Chemicals
- Silicon Carbide Market Outlook
- Organic Chemicals
Revenue, 2022 (US$M)
$501.4
Forecast, 2030 (US$M)
$996.0
CAGR, 2023 - 2030
7.9%
Report Coverage
Europe
Europe Silicon Carbide Market, 2018-2030 (US$M)
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Europe silicon carbide market highlights
- The Europe silicon carbide market generated a revenue of USD 501.4 million in 2021.
- The market is expected to grow at a CAGR of 7.9% 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, Germany is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 501.4 million |
| Market revenue in 2030 | USD 996.0 million |
| Growth rate | 7.9% (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, Europe region accounted for 16.9% of the 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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Publish Date: Nov 19, 2025
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Silicon Carbide Market Scope
Silicon Carbide Market segmentation & scope
Silicon Carbide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CoorsTek | View profile | 10001+ | Golden, Colorado, United States, North America | www.coorstek.com |
| Entegris Inc | View profile | 8,000 | 129 Concord Road, Billerica, MA, United States, 01821 | www.entegris.com |
| Grindwell Norton | View profile | 1001-5000 | Andheri, Maharashtra, India, Asia | www.grindwellnorton.co.in/ |
| Murugappa Group | View profile | 10001+ | Chennai, Tamil Nadu, India, Asia | www.murugappa.com |
| Snam SpA | View profile | 3,797 | Piazza Santa Barbara, 7, San Donato Milanese, Milan, Italy, 20097 | www.snam.it |
Europe Silicon Carbide Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Silicon Carbide Market Outlook will help companies and investors design strategic landscapes.
Black Sic was the largest segment with a revenue share of 53.35% in 2021.
Horizon Databook has segmented the Europe silicon carbide market based on black sic, green sic covering the revenue growth of each sub-segment from 2018 to 2030.
- Europe Silicon Carbide Market Product Outlook (Revenue, USD Million , 2018-2030)
- Black SiC
- Green SiC
- Europe Silicon Carbide Market Application Outlook (Revenue, USD Million , 2018-2030)
- Steel
- Automotive
- Aerospace & Aviation
- Military & Defense
- Electronics
- Healthcare
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Silicon Carbide Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Silicon Carbide Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Silicon Carbide Market, 2018-2030 (US$M)
Europe Product - Silicon Carbide Market Statistics, 2022 - 2030 (US$M)
