Spherical Silicon Carbide Market Size, Share, Trends, Industry Analysis Report: By Product, Application (Filler Material, Ceramic Material, Coating, and Other), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
- Published Date:Feb-2025
- Pages: 125
- Format: PDF
- Report ID: PM5372
- Base Year: 2024
- Historical Data: 2020-2023
Spherical Silicon Carbide Market Overview
The global spherical silicon carbide market size was valued at USD 4,096.40 million in 2024. The market is projected to grow from USD 4,564.94 million in 2025 to USD 12,157.76 million by 2034, exhibiting a CAGR of 11.5% from 2025 to 2034.
Spherical silicon carbide is a highly durable form of silicon carbide characterized by its spherical particle shape, which enhances flow properties and packing density. It is widely used in applications such as abrasives, coatings, and advanced ceramics due to its high hardness, thermal stability, and chemical resistance.
The spherical silicon carbide market is growing due to the rising demand for high-performance abrasives in industries such as metalworking, automotive, and electronics. Manufacturers are looking for more efficient and durable materials for grinding, cutting, and polishing applications, and spherical silicon carbide is preferred for its superior hardness and performance. Its spherical shape improves flow properties and packing density, making it ideal for producing consistent results in abrasives.
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Increasing research and development (R&D) activities aimed at exploring new applications and enhancing material properties are expected to drive the spherical silicon carbide market expansion. As industries invest in R&D, advancements in production techniques and formulations are being realized, leading to improved performance characteristics of spherical silicon carbide. These innovations are expanding the use of spherical silicon carbide in high-tech applications, including electronics and aerospace, where superior thermal and mechanical properties are essential.
Spherical Silicon Carbide Market Dynamics
Growing Government Investments in Semiconductor Manufacturing
The spherical silicon carbide market is poised for growth due to increasing government investment in semiconductor manufacturing. For instance, according to the India Brand Equity Foundation, India launched the Semicon India Program in December 2021, allocating approximately USD 9.2 million to enhance its semiconductor and display manufacturing ecosystems. These initiatives are propelling the demand for advanced materials like spherical silicon carbide, which are crucial for improving the efficiency and performance of semiconductor devices.
Rising Demand for Electric Vehicles
The spherical silicon carbide market is experiencing growth due to the increasing demand for electric vehicles (EVs). For instance, according to the International Energy Agency, the sales of electric cars reached 16 million units per year in 2023, up from just 0.2 million in 2012. This surge in EV sales has heightened the need for efficient power electronics and advanced battery technologies. Spherical silicon carbide is essential in enhancing the performance and efficiency of EV components, such as inverters and charging systems.
Spherical Silicon Carbide Market Segment Insights
Spherical Silicon Carbide Market Evaluation Based on Product
The spherical silicon carbide market segmentation, based on product, includes below 30.0 μm, 30.0-50.0 μm, and above 50.0 μm. The below 30.0 μm segment is expected to experience significant growth with a high CAGR in the global market due to its increasing applications in advanced materials and electronics. This fine particle size enhances performance in various high-tech applications, including semiconductors, abrasives, and coatings. The demand for ultra-fine materials is also rising due to their superior properties, such as improved thermal conductivity and efficiency.
Spherical Silicon Carbide Market Assessment Based on Application
The spherical silicon carbide market segmentation, based on application, includes filler material, ceramic material, coating, and other. The coating segment is expected to dominate the market during the forecast period due to its vast applications across industries such as automotive and aerospace. Spherical silicon carbide coatings provide superior durability, wear resistance, and thermal stability, making them ideal for enhancing the performance of various components. As industries continue to grow, the demand for high-quality coatings that improve efficiency and longevity will further propel the growth of the coating segment.
Spherical Silicon Carbide Market Regional Analysis
By region, the study provides the spherical silicon carbide market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2024, North America had the largest revenue share due to the increasing demand for electric and hybrid vehicles. For instance, according to the Federal Reserve Bank of Chicago, sales of battery EVs in the US reached 400,000 units from 2000 to 2021. The superior thermal conductivity and efficiency of spherical silicon carbide are crucial for enhancing battery performance and power electronics, driving up the demand for this material. As the EV market continues to grow, the need for high-performance materials like spherical silicon carbide is expected to rise in North America.
The Asia Pacific spherical silicon carbide market is projected to register a substantial CAGR during the forecast period due to the expansion of renewable energy plants, which has significantly increased the demand for electronic components. As countries in the region invest in solar and wind energy, the need for efficient power electronics and advanced materials becomes necessary. Spherical silicon carbide is essential for enhancing the performance of inverters and other components in renewable energy systems.
The India spherical silicon carbide market is experiencing significant growth due to increased investment in key sectors such as automotive and electronics. For example, according to Invest India, the automobile sector received ~USD 35.40 billion in equity FDI between April 2000 and September 2023. This investment is driving the demand for advanced materials like spherical silicon carbide, which are essential for enhancing the efficiency and performance of components in vehicles and electronic devices. As these industries continue to expand, the market for spherical silicon carbide in India is expected to grow significantly.
Spherical Silicon Carbide Market – Key Players and Competitive Insights
The spherical silicon carbide market is constantly evolving, with numerous companies striving to innovate and distinguish themselves. Leading global corporations dominate the market by leveraging extensive research and development, advanced manufacturing technologies, and significant capital to maintain a competitive edge. These companies pursue strategic initiatives such as mergers and acquisitions, partnerships, and collaborations to enhance their product offerings and expand into new markets.
New companies are impacting the market by offering innovative solutions and meeting the needs of specific market sectors. This competitive environment is amplified by continuous progress in product offerings and new techniques, greater emphasis on sustainability, and the rising requirement for tailor-made products in diverse industries. Major players in the spherical silicon carbide market include Fujimi Corporation, Shin-Etsu Chemical, Heeger Materials Inc., Matrix Solution India, and Stanford Advanced Materials.
Fujimi Incorporated, established in 1950, is a manufacturer of synthetic precision abrasives based in Kiyosu, Aichi Prefecture, Japan. The company produces abrasive materials used in tech industries, particularly semiconductor manufacturing. Its product line includes polishing abrasives for silicon wafers, chemical mechanical planarization (CMP) slurries for multilayered circuits, abrasives for hard disks, and spherical silicon carbide. Recently, Fujimi has expanded its offerings to include advanced materials like cermet thermal spray materials, which exhibit significantly improved impact resistance. The company has a workforce of approximately 1,110 employees. Fujimi's spherical silicon carbide is UFLPA compliant. It is used in various applications such as catalysts, fillers, heat dissipation, composite materials, and heating elements. Fujimi's spherical silicon carbide powder uses ultra-fine SiC particles as starting materials, enabling it to achieve high density.
Shin-Etsu Chemical Co., Ltd. is a Japanese chemical manufacturer. Founded in 1926 as Shin-Etsu Nitrogen Fertilizer, the company has expanded to manufacturing polyvinyl chloride (PVC), semiconductor silicon, and photomask substrates. Headquartered in Tokyo, Shin-Etsu operates manufacturing facilities across 16 countries. The company's product portfolio includes a wide range of chemicals, such as silicones, cellulose derivatives, and rare earth magnets, which find applications in electronics, construction, agriculture, and medical devices. Shin-Etsu spherical silicon carbide, known as SSC-A, is green silicon carbide used for various applications such as radiating filler material, abrasion resistance member, high thermal conductivity filling material, and ceramic materials.
List of Key Companies in Spherical Silicon Carbide Market
- Fujimi Corporation
- Shin-Etsu Chemical
- Heeger Materials Inc.
- Matrix Solution India
- Stanford Advanced Materials
Spherical Silicon Carbide Industry Developments
October 2020: HPQ Silicon Resources Inc. announced that its subsidiary, HPQ Nano Silicon Powders, launched a carbon coating process for spherical nano silicon powders and nanowires. The company stated that the innovative method was developed in collaboration with PyroGenesis Canada Inc., aiming to reduce production costs and contamination risks.
Spherical Silicon Carbide Market Segmentation
By Product Outlook (Revenue – USD Million, 2020–2034)
- Below 30.0 μm
- 30.0-50.0 μm
- Above 50.0 μm
By Application Outlook (Revenue – USD Million, 2020–2034)
- Filler Material
- Ceramic Material
- Coating
- Other
By Regional Outlook (Revenue – USD Million, 2020–2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Spherical Silicon Carbide Market Report Scope
|
Report Attributes |
Details |
|
Market Size Value in 2024 |
USD 4,096.40 million |
|
Market Size Value in 2025 |
USD 4,564.94 million |
|
Revenue Forecast by 2034 |
USD 12,157.76 million |
|
CAGR |
11.5% from 2025–2034 |
|
Base Year |
2024 |
|
Historical Data |
2020–2023 |
|
Forecast Period |
2025–2034 |
|
Quantitative Units |
Revenue in USD million and CAGR from 2025 to 2034 |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
|
|
Regional Scope |
|
|
Competitive Landscape |
|
|
Report Format |
|
|
Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
• The market was valued at USD 4,096.40 million in 2024 and is projected to grow to USD 12,157.76 million by 2034.
• The global market is projected to register a CAGR of 11.5% from 2025 to 2034.
• North America had the largest share of the global market in 2024.
• A few of the key players in the market are Fujimi Corporation, Shin-Etsu Chemical, Heeger Materials Inc., Matrix Solution India, and Stanford Advanced Materials.
• The below 30.0 ?m segment is anticipated to experience substantial growth with a significant CAGR during the forecast period, owing to increasing applications in advanced materials and electronics
• The coating segment is anticipated to lead the market during the forecast period due to its vast applications across industries such as automotive and aerospace
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