SiC Powder Market Revenue to Attain USD 3.54 Bn by 2033

19 Sep 2025

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Table of Content

1. SiC Powder Market Revenue and Trends 2025 to 2033 2. Evaluating the Growth Potential of the SiC Powder Industry 3. Segment Insights 4. Regional Insights 5. SiC Powder Market Coverage 6. SiC Powder Market Key Players

SiC Powder Market Revenue and Trends 2025 to 2033

The global SiC powder market revenue reached USD 1.98 billion in 2025 and is predicted to attain around USD 3.54 billion by 2033 with a CAGR of 7.54%. The growth of the market is attributed to rising demand for SiC powder in electric vehicles, power electronics, and high-temperature industrial applications, supported by advancements in semiconductor technologies.

Evaluating the Growth Potential of the SiC Powder Industry

The SiC powder market consists of products made from silicon and carbon compounds. This material has exceptional properties, including high hardness, thermal conductivity, chemical stability, and wear resistance. It is utilized in a variety of applications, ranging from traditional abrasives to advanced power electronics. The market is experiencing significant growth, driven by the increasing demand for electric vehicles (EVs), where SiC powder enhances the efficiency of power electronics such as inverters and chargers.

The global push for EV adoption and advancements in wide bandgap semiconductors, which require materials capable of handling higher temperatures and voltages, further boost the demand for SiC powder. A growing focus on energy efficiency and carbon reduction promotes its usage across various sectors, while the expansion of renewable energy sources, particularly solar and wind, increases the demand for SiC components like inverters. Moreover, improvements in SiC manufacturing processes are lowering costs and enhancing availability, thereby stimulating market growth.

Segment Insights

• By type, the black SiC powder segment led the market with the largest share in 2024, owing to its high demand in industrial applications such as grinding, cutting, and abrasives due to its cost-effectiveness and toughness compared to green SiC. 
• By purity level, the 97–99% (refractory & abrasives grade) segment dominated the market, as it offers an ideal balance of performance and cost-effectiveness for heavy industries like metallurgy and ceramics. 
• By particle size, the micro (200 mesh – sub-micron) segment held the largest share of the market due to its critical applications in high-growth, high-value industries like electronics, semiconductors, and electric vehicles.
• By application, the abrasives segment led the market in 2024 due to the exceptional hardness, sharpness, and durability of SiC, which are essential for cutting, grinding, and polishing applications across various industries.
• By end-use industry, the industrial manufacturing segment dominated the market in 2024, as SiC's superior properties make it ideal for high-performance power electronics and demanding applications in electric vehicles, renewable energy systems, and aerospace.

Regional Insights

Asia Pacific dominated the SiC powder market in 2024 and is expected to maintain its growth trajectory during the forecast period. This is primarily due to its established electronics manufacturing base, strong demand from the burgeoning electric vehicle sector, and significant government support for advanced materials and semiconductor production. Countries like China, Japan, and South Korea serve as a global hub for electronics manufacturing, creating substantial inherent demand for SiC powders and fostering a robust ecosystem for SiC-based components. 

SiC Powder Market Coverage

SiC Powder Market Key Players

• Saint-Gobain S.A. 
• Washington Mills Electro Minerals Ltd. 
• ESD-SIC b.v. 
• Navitas Advanced Materials 
• AGSCO Corporation 
• Carborundum Universal Ltd. (CUMI) 
• Grindwell Norton Ltd. (Saint-Gobain subsidiary) 
• Entegris, Inc. 
• SK Siltron Co., Ltd. 
• Dow Corning (DuPont spin-off involvement in SiC) 
• Fiven ASA 
• Xiamen Powerway Advanced Material Co., Ltd. 
• Pacific Rundum Co., Ltd. 
• TankeBlue Semiconductor Co., Ltd. 
• Snam Abrasives Pvt. Ltd. 

Recent Development

• In August 2025, RIR Power Electronics Limited received substantial support from the Government of Odisha to develop a SiC semiconductor manufacturing facility in Bhubaneswar. The Electronics & Information Technology Department of Odisha, through the Odisha Computer Application Center, approved fiscal support for the first phase of the project, aiding in the pro-rata disbursement of the capital subsidy.(Source: https://www.rirpowersemi.com)

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