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The silicon carbide market in 2023 exhibited diverse price trends across key global regions. In Asia, the first quarter saw price increases driven by sustained demand, particularly from the pharmaceutical sector, and external factors like cultural events and geopolitical tensions. However, the second quarter brought a sharp decline, primarily due to reduced purchasing activities and a contracting manufacturing sector.
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In Europe, the first quarter witnessed initial price surges resulting from high input costs and inflation, but the second quarter witnessed a significant decline in silicon carbide prices, driven by reduced manufacturing activity, lower consumer sector demand, and rising inventories, creating pressure on trading activities.
North America experienced an upturn in silicon carbide prices in the first quarter due to rising raw material costs and strong domestic demand, but the second quarter saw a price decline influenced by downturns in both domestic and international supply and demand, along with global economic challenges impacting energy costs. These region-specific trends highlighted the intricate interplay of market dynamics and external factors shaping the silicon carbide price trajectory.
Definition
Silicon carbide (SiC) boasts a range of remarkable chemical properties that contribute to its versatile industrial applications. As a compound of silicon and carbon, SiC is exceptionally hard, with a structure similar to that of diamond. This property makes it a valuable abrasive material in various applications, including grinding, cutting, and polishing. SiC is highly refractory and can withstand extremely high temperatures, making it ideal for use in high-temperature environments, such as refractories in industrial furnaces. Its chemical inertness and resistance to corrosion render it suitable for aggressive chemical applications and as a component in high-temperature materials like crucibles and thermocouple protection tubes.
Key Details About the Silicon Carbide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Silicon Carbide in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Silicon Carbide Price Trends, including India Silicon Carbide price, USA Silicon Carbide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Silicon Carbide Price Trend:
Silicon carbide (SiC) is a versatile material with a wide range of industrial uses. Due to its exceptional hardness and abrasive properties, SiC is commonly employed as an abrasive material in grinding wheels, sandpapers, and abrasive powders, making it vital in metalworking, woodworking, and precision grinding. Its high thermal conductivity and ability to withstand high temperatures have made it a key material in the electronics and semiconductor industries, where SiC is used in power electronic devices, aiding in efficient heat management. In the steel industry, silicon carbide serves as a reducing agent in the production of iron and steel, enhancing the quality of metals and alloys. Moreover, SiC's chemical inertness and resistance to corrosion allow its use in aggressive chemical environments, including water and wastewater treatment.
Key Players:
- ALLEGRO MICROSYSTEMS INC
- Infineon Technologies AG
- ROHM Co Ltd
- STMicroelectronics N.V.
- ON SEMICONDUCTOR CORPORATION
- WOLFSPEED INC
- Mitsubishi Electric Corporation
- FUJI ELECTRIC CO LTD
News and recent development:
- Onsemi has announced that its cutting-edge, biggest silicon carbide facility in the world is now fully operational in South Korea. When operating at maximum efficiency, this fabrication facility can produce over a million 200 mm SiC wafers annually. (Dated: 25 October 2025)
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