The global SiC Substrate Materials market size was valued at US$ 1059 million in 2024 and is forecast to a readjusted size of USD 2813 million by 2031 with a CAGR of 14.4% during review period.
Silicon carbide is an inorganic substance with the chemical formula SiC. It is made of raw materials such as quartz sand, petroleum coke (or coal coke), and sawdust (salt is needed to produce green silicon carbide) through high-temperature smelting in a resistance furnace. Silicon carbide is a semiconductor that exists in nature in the form of the extremely rare mineral moissanite. Since 1893, it has been mass-produced as powder and crystals for use as abrasives, etc. Among non-oxide high-tech refractory raw materials such as C, N, and B, silicon carbide is the most widely used and economical one, which can be called diamond sand or refractory sand.
Wafer refers to the cutting, grinding, and polishing of crystals along a specific crystal direction to obtain a clean single wafer with specific crystal planes and appropriate electrical, optical, and mechanical properties for growing epitaxial layers. Silicon carbide wafer is the core material of the newly developed wide bandgap semiconductor. The devices made with it have the characteristics of high temperature resistance, high voltage resistance, high frequency, high power, and radiation resistance. It has the advantages of fast switching speed and high efficiency, which can greatly reduce product power consumption, improve energy conversion efficiency, and reduce product volume. According to different electrical properties, silicon carbide wafer can be divided into two categories: semi-insulating silicon carbide wafer and conductive silicon carbide wafer. These two types of wafer are clearly used to manufacture discrete devices such as power devices and radio frequency devices after epitaxial growth.
At present, 6-inch SiC wafer still occupy the mainstream market, but 8-inch wafer are gradually penetrating. Compared with 6-inch wafer, the cost of 8-inch SiC wafer can be reduced by about 35%, and more wafers can be cut out with less edge waste, which greatly improves the effective utilization of materials. Therefore, domestic and foreign manufacturers are accelerating research and development, expanding production, and entering the 8-inch silicon carbide market.
From the perspective of the global silicon carbide wafer material market, Wolfspeed, Coherent, Rohm, etc. still occupy a dominant position in the industry. However, in recent years, my country's silicon carbide material market has also been very hot. Wafer manufacturers such as CETC, TankeBlue, SICC, Hebei Synlight Crystal, and Sanan Optoelectronics have all achieved mass production. From the perspective of the terminal market, the demand for silicon carbide remains strong, whether in automobiles, photovoltaics, or industry. As the first car company in the industry to apply silicon carbide on a large scale, Tesla's Model 3 and Model Y models are selling well. In 2023, the penetration rate of silicon carbide in the field of pure electric passenger vehicles will be 25%, of which Model 3 and Model Y will contribute 60% to 70%. At the same time, driven by new car-making forces at home and abroad, the market structure of silicon carbide is gradually becoming diversified. In 2023, there will be a number of standard silicon carbide models in the price range of 200,000 to 250,000 yuan, such as Xiaopeng G6, Zeekr X, and Zhiji LS6. The high-performance strategy of new car companies is accelerating the market penetration of silicon carbide. In the future, all models with a price of more than 200,000 yuan may be equipped with silicon carbide devices as standard. Not only new energy vehicles, but also charging piles, photovoltaics, and industrial markets have great potential demand for silicon carbide. Wind, solar, storage, and industrial demand are also gradually increasing the application of silicon carbide devices and modules to cope with high-frequency, small-volume, and energy-saving scenarios, and the application scale is also considerable.
This report is a detailed and comprehensive analysis for global SiC Substrate Materials market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global SiC Substrate Materials market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global SiC Substrate Materials market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global SiC Substrate Materials market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global SiC Substrate Materials market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for SiC Substrate Materials
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global SiC Substrate Materials market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Wolfspeed, ROHM Group (SiCrystal), Coherent, SK Siltron, Resonac, STMicroelectronics, SICC, Tankeblue, Hebei Synlight Crystal, CETC, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
SiC Substrate Materials market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
4-inch Substrate Materials
6-inch Substrate Materials
8-inch Substrate Materials
Market segment by Application
Power Component
RF Device
Others
Major players covered
Wolfspeed
ROHM Group (SiCrystal)
Coherent
SK Siltron
Resonac
STMicroelectronics
SICC
Tankeblue
Hebei Synlight Crystal
CETC
San'an Optoelectronics
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe SiC Substrate Materials product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of SiC Substrate Materials, with price, sales quantity, revenue, and global market share of SiC Substrate Materials from 2020 to 2025.
Chapter 3, the SiC Substrate Materials competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the SiC Substrate Materials breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and SiC Substrate Materials market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of SiC Substrate Materials.
Chapter 14 and 15, to describe SiC Substrate Materials sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global SiC Substrate Materials Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 4-inch Substrate Materials
1.3.3 6-inch Substrate Materials
1.3.4 8-inch Substrate Materials
1.4 Market Analysis by Application
1.4.1 Overview: Global SiC Substrate Materials Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Power Component
1.4.3 RF Device
1.4.4 Others
1.5 Global SiC Substrate Materials Market Size & Forecast
1.5.1 Global SiC Substrate Materials Consumption Value (2020 & 2024 & 2031)
1.5.2 Global SiC Substrate Materials Sales Quantity (2020-2031)
1.5.3 Global SiC Substrate Materials Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Wolfspeed
2.1.1 Wolfspeed Details
2.1.2 Wolfspeed Major Business
2.1.3 Wolfspeed SiC Substrate Materials Product and Services
2.1.4 Wolfspeed SiC Substrate Materials Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Wolfspeed Recent Developments/Updates
2.2 ROHM Group (SiCrystal)
2.2.1 ROHM Group (SiCrystal) Details
2.2.2 ROHM Group (SiCrystal) Major Business
2.2.3 ROHM Group (SiCrystal) SiC Substrate Materials Product and Services
2.2.4 ROHM Group (SiCrystal) SiC Substrate Materials Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 ROHM Group (SiCrystal) Recent Developments/Updates
2.3 Coherent
2.3.1 Coherent Details
2.3.2 Coherent Major Business
2.3.3 Coherent SiC Substrate Materials Product and Services
2.3.4 Coherent SiC Substrate Materials Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 Coherent Recent Developments/Updates
2.4 SK Siltron
2.4.1 SK Siltron Details
2.4.2 SK Siltron Major Business
2.4.3 SK Siltron SiC Substrate Materials Product and Services
2.4.4 SK Siltron SiC Substrate Materials Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 SK Siltron Recent Developments/Updates
2.5 Resonac
2.5.1 Resonac Details
2.5.2 Resonac Major Business
2.5.3 Resonac SiC Substrate Materials Product and Services
2.5.4 Resonac SiC Substrate Materials Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 Resonac Recent Developments/Updates
2.6 STMicroelectronics
2.6.1 STMicroelectronics Details
2.6.2 STMicroelectronics Major Business
2.6.3 STMicroelectronics SiC Substrate Materials Product and Services
2.6.4 STMicroelectronics SiC Substrate Materials Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 STMicroelectronics Recent Developments/Updates
2.7 SICC
2.7.1 SICC Details
2.7.2 SICC Major Business
2.7.3 SICC SiC Substrate Materials Product and Services
2.7.4 SICC SiC Substrate Materials Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 SICC Recent Developments/Updates
2.8 Tankeblue
2.8.1 Tankeblue Details
2.8.2 Tankeblue Major Business
2.8.3 Tankeblue SiC Substrate Materials Product and Services
2.8.4 Tankeblue SiC Substrate Materials Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Tankeblue Recent Developments/Updates
2.9 Hebei Synlight Crystal
2.9.1 Hebei Synlight Crystal Details
2.9.2 Hebei Synlight Crystal Major Business
2.9.3 Hebei Synlight Crystal SiC Substrate Materials Product and Services
2.9.4 Hebei Synlight Crystal SiC Substrate Materials Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Hebei Synlight Crystal Recent Developments/Updates
2.10 CETC
2.10.1 CETC Details
2.10.2 CETC Major Business
2.10.3 CETC SiC Substrate Materials Product and Services
2.10.4 CETC SiC Substrate Materials Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 CETC Recent Developments/Updates
2.11 San'an Optoelectronics
2.11.1 San'an Optoelectronics Details
2.11.2 San'an Optoelectronics Major Business
2.11.3 San'an Optoelectronics SiC Substrate Materials Product and Services
2.11.4 San'an Optoelectronics SiC Substrate Materials Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 San'an Optoelectronics Recent Developments/Updates
3 Competitive Environment: SiC Substrate Materials by Manufacturer
3.1 Global SiC Substrate Materials Sales Quantity by Manufacturer (2020-2025)
3.2 Global SiC Substrate Materials Revenue by Manufacturer (2020-2025)
3.3 Global SiC Substrate Materials Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of SiC Substrate Materials by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 SiC Substrate Materials Manufacturer Market Share in 2024
3.4.3 Top 6 SiC Substrate Materials Manufacturer Market Share in 2024
3.5 SiC Substrate Materials Market: Overall Company Footprint Analysis
3.5.1 SiC Substrate Materials Market: Region Footprint
3.5.2 SiC Substrate Materials Market: Company Product Type Footprint
3.5.3 SiC Substrate Materials Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global SiC Substrate Materials Market Size by Region
4.1.1 Global SiC Substrate Materials Sales Quantity by Region (2020-2031)
4.1.2 Global SiC Substrate Materials Consumption Value by Region (2020-2031)
4.1.3 Global SiC Substrate Materials Average Price by Region (2020-2031)
4.2 North America SiC Substrate Materials Consumption Value (2020-2031)
4.3 Europe SiC Substrate Materials Consumption Value (2020-2031)
4.4 Asia-Pacific SiC Substrate Materials Consumption Value (2020-2031)
4.5 South America SiC Substrate Materials Consumption Value (2020-2031)
4.6 Middle East & Africa SiC Substrate Materials Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global SiC Substrate Materials Sales Quantity by Type (2020-2031)
5.2 Global SiC Substrate Materials Consumption Value by Type (2020-2031)
5.3 Global SiC Substrate Materials Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global SiC Substrate Materials Sales Quantity by Application (2020-2031)
6.2 Global SiC Substrate Materials Consumption Value by Application (2020-2031)
6.3 Global SiC Substrate Materials Average Price by Application (2020-2031)
7 North America
7.1 North America SiC Substrate Materials Sales Quantity by Type (2020-2031)
7.2 North America SiC Substrate Materials Sales Quantity by Application (2020-2031)
7.3 North America SiC Substrate Materials Market Size by Country
7.3.1 North America SiC Substrate Materials Sales Quantity by Country (2020-2031)
7.3.2 North America SiC Substrate Materials Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe SiC Substrate Materials Sales Quantity by Type (2020-2031)
8.2 Europe SiC Substrate Materials Sales Quantity by Application (2020-2031)
8.3 Europe SiC Substrate Materials Market Size by Country
8.3.1 Europe SiC Substrate Materials Sales Quantity by Country (2020-2031)
8.3.2 Europe SiC Substrate Materials Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific SiC Substrate Materials Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific SiC Substrate Materials Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific SiC Substrate Materials Market Size by Region
9.3.1 Asia-Pacific SiC Substrate Materials Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific SiC Substrate Materials Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America SiC Substrate Materials Sales Quantity by Type (2020-2031)
10.2 South America SiC Substrate Materials Sales Quantity by Application (2020-2031)
10.3 South America SiC Substrate Materials Market Size by Country
10.3.1 South America SiC Substrate Materials Sales Quantity by Country (2020-2031)
10.3.2 South America SiC Substrate Materials Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa SiC Substrate Materials Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa SiC Substrate Materials Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa SiC Substrate Materials Market Size by Country
11.3.1 Middle East & Africa SiC Substrate Materials Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa SiC Substrate Materials Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
12.1 SiC Substrate Materials Market Drivers
12.2 SiC Substrate Materials Market Restraints
12.3 SiC Substrate Materials Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of SiC Substrate Materials and Key Manufacturers
13.2 Manufacturing Costs Percentage of SiC Substrate Materials
13.3 SiC Substrate Materials Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 SiC Substrate Materials Typical Distributors
14.3 SiC Substrate Materials Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Wolfspeed
ROHM Group (SiCrystal)
Coherent
SK Siltron
Resonac
STMicroelectronics
SICC
Tankeblue
Hebei Synlight Crystal
CETC
San'an Optoelectronics
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*If Applicable.
