Global Production Of CVD SiC Increase From 808 MT In 2013 To 1088 MT In 2017
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CVD SiC is a kind of SiC materials produced via Chemical Vapor Deposition(CVD) process.
CVD SiC material has a unique combination of excellent thermal, electrical and chemical properties that makes it well-suited to applications across semi-conductor industries where a high performance material is required. CVD SiC is mainly used in the semiconductor industry, LED industry and so on.
Due to the high technology barrier, the industry is mainly held by a few companies, such as Tokai Carbon, Morgan Advanced Materials, CoorsTek and so on. With its more applications in downstream industry, global production of CVD SiC experienced fast growth, increasing from 808 MT in 2013 to 1088 MT in 2017.
Global market size of CVD SiC is relatively small presently, because of the limited supply. The market was valued at 134.50 million USD in 2017. North America and Japan are the key consumption regions. The total two regions accounted for 78.27% share in the year.
In order to meet downstream various demand, CVD SiC manufacturers are trying to expand their supply as well as providing innovative and advanced CVD SiC products to the semiconductor industry as well as other industries. We tend to believe that this industry has a promising future, considering the current demand. Once the technology barrier is overcome, more capacity will be released and the market will grow faster. It is predicted that global CVD SiC market will be worthy of 203.22 million USD in 2023, with the CAGR of 7.12% during the period of 2017 to 2023.