Global Ultra High Purity Silicon Carbide Market by Application (LEDs, Semiconductor) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
The market for ultra high purity silicon carbide was worth USD 26.2 millions in 2019. It is projected to grow at a compound annual rate (CAGR of 14.8%) between 2020 and 2027. Market growth is expected to be driven by growing demand from the semiconductors sector in the next few years. High purity silicon carbide products have high thermal conductivity and low defect density. They also exhibit high resistance, high resistivity, uniform electric behavior, and high thermal conductivity. These properties are crucial to achieve the best performance in semiconductor devices. These products are effective in reducing impurities to achieve high performance. They are also used in areas where impurities may cause problems such as process contamination or uniformity.
In 2019, the U.S. held a volume share in the global market of 89.3% and is expected to continue growing at a rapid pace between 2020-2027. Due to increased focus on emerging technologies such as 5G and artificial intelligence, the U.S. will likely maintain its market position. The U.S. market may face challenges in the near term due to the increasing cost of innovation, especially for designing and manufacturing semiconductors.
The recent market growth has been aided by the stability in the production of semiconductors. Stability has provided a stable base for manufacturing jobs and a source of overseas exports. The local semiconductor industry may face challenges if it expands its production outside of the United States. Six new production facilities outside the U.S. were opened in 2019, four of them in China.
The COVID-19 outbreak is expected to cause a slowdown in the market's growth. Market growth is expected to be slowed by a decline in demand for industrial electronics and automotive electronics in 2020. From 2019, the demand for consumer electronics is expected to drop by 2% to 15%.
Application Insights
Semiconductor was the largest segment and had a volume share in 2019 of 87.3%. When manufacturing semiconductors and next-generation power device, impurities can pose problems. Ultra-high purity silicon carbide is used to remove impurities in these applications. This improves the performance.
The ultra-high purity silicon caride has excellent properties such as strength, corrosion resistance, frequency and purity. This makes it ideal for next-generation power devices such as power converters of hybrid or electric cars, power Inverters for air conditioners and industrial equipment, high-voltage switches, DC/AC converts for wind and sun power, and thin-film coats.
The ultra-high purity silicon carbide products are compatible with new generation light-emitting devices (LEDs) because they have a low lattice mismatch and high thermal conductivity. Substrat material is also important in determining life, brightness, color and other performance indicators. Low levels of impurities are guaranteed during manufacturing LEDs.
Regional Insights
Asia Pacific accounted for 48.0% of the total volume in 2019, owing to rising demand from the electronics and subsequent semiconductor industries. Among the top 10 global producers of semiconductors are South Korea, Japan, South Korea, Taiwan, and China. Asia Pacific accounted for more than 45% of global semiconductor production.
Market growth will be aided by a positive trend in production of electronic components, consumer electronics, and industrial electronics in Asia. According to the Ministry of Electronics and Information Technology, the Indian electronics industry has grown from USD 24.24 trillion in 2014 to USD 76.6 billion in 2019.
North America was the second largest revenue share in 2019, after China. Vendors in North America are likely to see an increase in demand for power electronics. The power electronics products are lighter and smaller and are being increasingly preferred by end-user industries. Manufacturers are increasingly using power electronics products because of their ability to conserve energy and reduce greenhouse gas emissions.
Market Share Insights & Key Companies
Global market is a niche market with few manufacturers. The market has seen little development on both the supply and production sides in recent years. Pallidus, Inc. introduced M-SiC, an ultrapure silicon carbide product that can be used in silicon carbide power devices. This was done to capture new opportunities in aerospace, electric vehicles and the energy industries.
Bridgestone Corporation, a Japanese tire and rubber manufacturer, sold its ultra-high purity silicon caride component business in October 2018 to Maruwa Co., Ltd., a Japanese ceramics manufacturer for industrial and electronic applications. This business manufactures components for semiconductor production equipment. The following are some of the major players in global ultra high purity silicon caride market:
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Washington Mills
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CoorsTek Inc.
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JJISCO Inc.
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Pacific Rundum Co., Ltd.
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American Elements
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LG Innotek
Up Market Research published a new report titled “Ultra High Purity Silicon Carbide Market research report which is segmented by Application (LEDs, Semiconductor), By Players/Companies JJISCO Inc, LG Innotek, American Elements, Washington Mills, Pacific Rundum Co Ltd, CoorsTek Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
| Report Attributes | Report Details |
| Report Title | Ultra High Purity Silicon Carbide Market Research Report |
| By Application | LEDs, Semiconductor |
| By Companies | JJISCO Inc, LG Innotek, American Elements, Washington Mills, Pacific Rundum Co Ltd, CoorsTek Inc |
| Regions Covered | North America, Europe, APAC, Latin America, MEA |
| Base Year | 2020 |
| Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
| Forecast Year | 2028 |
| Number of Pages | 203 |
| Number of Tables & Figures | 143 |
| Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Ultra High Purity Silicon Carbide Market Report Segments:
The market is segmented by Application (LEDs, Semiconductor).
Ultra High Purity Silicon Carbide Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Ultra High Purity Silicon Carbide Market
Overview of the regional outlook of the Ultra High Purity Silicon Carbide Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Ultra High Purity Silicon Carbide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Ultra High Purity Silicon Carbide Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. LEDs
2. Semiconductor
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ultra High Purity Silicon Carbide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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Reasons to Purchase the Ultra High Purity Silicon Carbide Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ultra High Purity Silicon Carbide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ultra High Purity Silicon Carbide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ultra High Purity Silicon Carbide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ultra High Purity Silicon Carbide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ultra High Purity Silicon Carbide Market Size & Forecast, 2018-2028
4.5.1 Ultra High Purity Silicon Carbide Market Size and Y-o-Y Growth
4.5.2 Ultra High Purity Silicon Carbide Market Absolute $ Opportunity
Chapter 5 Global Ultra High Purity Silicon Carbide Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Ultra High Purity Silicon Carbide Market Size Forecast by Application
5.2.1 LEDs
5.2.2 Semiconductor
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Ultra High Purity Silicon Carbide Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Ultra High Purity Silicon Carbide Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Ultra High Purity Silicon Carbide Analysis and Forecast
8.1 Introduction
8.2 North America Ultra High Purity Silicon Carbide Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Ultra High Purity Silicon Carbide Market Size Forecast by Application
8.6.1 LEDs
8.6.2 Semiconductor
8.7 Basis Point Share (BPS) Analysis by Application
8.8 Absolute $ Opportunity Assessment by Application
8.9 Market Attractiveness Analysis by Application
Chapter 9 Europe Ultra High Purity Silicon Carbide Analysis and Forecast
9.1 Introduction
9.2 Europe Ultra High Purity Silicon Carbide Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Ultra High Purity Silicon Carbide Market Size Forecast by Application
9.6.1 LEDs
9.6.2 Semiconductor
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
Chapter 10 Asia Pacific Ultra High Purity Silicon Carbide Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Ultra High Purity Silicon Carbide Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Ultra High Purity Silicon Carbide Market Size Forecast by Application
10.6.1 LEDs
10.6.2 Semiconductor
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
Chapter 11 Latin America Ultra High Purity Silicon Carbide Analysis and Forecast
11.1 Introduction
11.2 Latin America Ultra High Purity Silicon Carbide Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Ultra High Purity Silicon Carbide Market Size Forecast by Application
11.6.1 LEDs
11.6.2 Semiconductor
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
Chapter 12 Middle East & Africa (MEA) Ultra High Purity Silicon Carbide Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Ultra High Purity Silicon Carbide Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Ultra High Purity Silicon Carbide Market Size Forecast by Application
12.6.1 LEDs
12.6.2 Semiconductor
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
Chapter 13 Competition Landscape
13.1 Ultra High Purity Silicon Carbide Market: Competitive Dashboard
13.2 Global Ultra High Purity Silicon Carbide Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 JJISCO Inc
13.3.2 LG Innotek
13.3.3 American Elements
13.3.4 Washington Mills
13.3.5 Pacific Rundum Co Ltd
13.3.6 CoorsTek Inc
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ultra High Purity Silicon Carbide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ultra High Purity Silicon Carbide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ultra High Purity Silicon Carbide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ultra High Purity Silicon Carbide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ultra High Purity Silicon Carbide Market Size & Forecast, 2018-2028
4.5.1 Ultra High Purity Silicon Carbide Market Size and Y-o-Y Growth
4.5.2 Ultra High Purity Silicon Carbide Market Absolute $ Opportunity
Chapter 5 Global Ultra High Purity Silicon Carbide Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Ultra High Purity Silicon Carbide Market Size Forecast by Application
5.2.1 LEDs
5.2.2 Semiconductor
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Ultra High Purity Silicon Carbide Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Ultra High Purity Silicon Carbide Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Ultra High Purity Silicon Carbide Analysis and Forecast
8.1 Introduction
8.2 North America Ultra High Purity Silicon Carbide Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Ultra High Purity Silicon Carbide Market Size Forecast by Application
8.6.1 LEDs
8.6.2 Semiconductor
8.7 Basis Point Share (BPS) Analysis by Application
8.8 Absolute $ Opportunity Assessment by Application
8.9 Market Attractiveness Analysis by Application
Chapter 9 Europe Ultra High Purity Silicon Carbide Analysis and Forecast
9.1 Introduction
9.2 Europe Ultra High Purity Silicon Carbide Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Ultra High Purity Silicon Carbide Market Size Forecast by Application
9.6.1 LEDs
9.6.2 Semiconductor
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
Chapter 10 Asia Pacific Ultra High Purity Silicon Carbide Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Ultra High Purity Silicon Carbide Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Ultra High Purity Silicon Carbide Market Size Forecast by Application
10.6.1 LEDs
10.6.2 Semiconductor
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
Chapter 11 Latin America Ultra High Purity Silicon Carbide Analysis and Forecast
11.1 Introduction
11.2 Latin America Ultra High Purity Silicon Carbide Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Ultra High Purity Silicon Carbide Market Size Forecast by Application
11.6.1 LEDs
11.6.2 Semiconductor
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
Chapter 12 Middle East & Africa (MEA) Ultra High Purity Silicon Carbide Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Ultra High Purity Silicon Carbide Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Ultra High Purity Silicon Carbide Market Size Forecast by Application
12.6.1 LEDs
12.6.2 Semiconductor
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
Chapter 13 Competition Landscape
13.1 Ultra High Purity Silicon Carbide Market: Competitive Dashboard
13.2 Global Ultra High Purity Silicon Carbide Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 JJISCO Inc
13.3.2 LG Innotek
13.3.3 American Elements
13.3.4 Washington Mills
13.3.5 Pacific Rundum Co Ltd
13.3.6 CoorsTek Inc
Segments Covered in the Report
The global Ultra High Purity Silicon Carbide market has been segmented based on
By Application
The global Ultra High Purity Silicon Carbide market has been segmented based on
By Application
- LEDs
- Semiconductor
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- JJISCO Inc
- LG Innotek
- American Elements
- Washington Mills
- Pacific Rundum Co Ltd
- CoorsTek Inc
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