North America Silicon Carbide Market Size & Outlook
The silicon carbide market in North America is expected to reach a projected revenue of US$ 872.2 million by 2030. A compound annual growth rate of 10.4% is expected of North America silicon carbide market from 2023 to 2030.
Revenue, 2022 (US$M)
$396.2
Forecast, 2030 (US$M)
$872.2
CAGR, 2023 - 2030
10.4%
Report Coverage
North America
Related Markets
North America silicon carbide market highlights
- The North America silicon carbide market generated a revenue of USD 358.5 million in 2021.
- The market is expected to grow at a CAGR of 10.4% 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, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 358.5 million |
| Market revenue in 2030 | USD 872.2 million |
| Growth rate | 10.4% (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, North America region accounted for 12.1% 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.
Black sic was the largest segment with a revenue share of 58.97% in 2022. Horizon Databook has segmented the North America silicon carbide market based on black sic, green sic covering the revenue growth of each sub-segment from 2018 to 2030.
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Silicon Carbide Market Scope
Silicon carbide market segmentation & scope
Silicon Carbide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Snam SpA | View profile | 3797 | Piazza Santa Barbara, 7, San Donato Milanese, Milan, Italy, 20097 | https://www.snam.it |
| Murugappa Group | View profile | 10001+ | Chennai, Tamil Nadu, India, Asia | http://www.murugappa.com |
| Grindwell Norton | View profile | 1001-5000 | Andheri, Maharashtra, India, Asia | https://www.grindwellnorton.co.in/ |
| Entegris Inc | View profile | 8000 | 129 Concord Road, Billerica, MA, United States, 01821 | https://www.entegris.com |
| CoorsTek | View profile | 10001+ | Golden, Colorado, United States, North America | https://www.coorstek.com |
North America silicon carbide market size, by country, 2018-2030 (US$M)
North America Silicon Carbide Market Outlook Share, 2022 & 2030 (US$M)
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