The increased demand for silicon carbide in power semiconductor applications and the expanding use of SiC MOSFETs and diodes in the automotive and industrial sectors are the market-driving drivers. One of the key market drivers for SiC-coated graphite is the increase in demand for power semiconductors. A broad bandgap semiconductor material with various special qualities, silicon carbide (SiC) is perfect for power semiconductor applications. SiC MOSFETs and diodes outperform conventional silicon-based devices in terms of switching performance and thermal stability, making them perfect for high-power and high-temperature applications.

Additionally, SiC MOSFETs have a gate charge that is significantly lower than silicon MOSFETs, which lowers switching losses. SiC devices are anticipated to gain popularity in a range of power electronics applications, including solar inverters, wind turbines, electric vehicles, and chargers, as a result of these advantages. Another significant reason propelling the expansion of the SiC-coated graphite market is the growing use of SiC MOSFETs and diodes in the automotive industry. New technologies are being adopted by the car industry more frequently to increase fuel efficiency and lower pollutants. Government programmes to encourage environmentally friendly transportation have increased the popularity of electric automobiles. SiC MOSFETs and diodes are used in the powertrain of these cars to increase efficiency, boost power density, and enhance thermal performance. As a result, it is projected that the demand for SiC-coated graphite in the automobile industry would rise. The market is also predicted to grow as a result of the expanding demand for SiC-coated graphite in industry sectors. Electric welding and induction heating are industrial applications that demand dependable power sources and effective energy management systems. SiC-coated graphite can be used in various applications to increase performance, increase efficiency, and cut costs. During the anticipated period, this element is anticipated to fuel market expansion.

Many businesses, especially those that need materials and components for their production processes, depending on the SiC Coated Graphite Market. The automotive, aircraft, defence, electronics, semiconductor, and electrical industries are a few examples. SiC Coated Graphite outperforms ordinary graphite in terms of material quality thanks to improvements in heat conductivity, wear resistance, and oxidation resistance. As a result, it is perfect for a wide range of applications, including furnace parts, crucibles, electrodes, heating elements, mechanical seals, and bearings. Additionally, these parts are being used more frequently in high-temperature settings where they must survive intense temperatures without disintegrating or deteriorating too quickly. This has caused SiC Coated Graphite demand to soar, which has been further fueled by global industrialization growth. In addition, as SiC-coated graphite is utilised in the fabrication of many of its components, the rising demand for electric vehicles is also increasing the need for these components.

Graphite that has a silicon carbide coating is known as SiC-coated graphite. This coating gives SiC-coated graphite greater features such as stronger thermal conductivity, better electrical conductivity, and increased resistance to wear and corrosion. SiC-coated graphite has a wide range of uses, including susceptors for silicon nucleation and growth, single-crystal silicon production, MOCVD receptors, heaters, and heat spreaders. SiC-coated graphite is also used in high thermal furnaces because of its endurance to high temperatures.

By 2031, the market for SiC-coated graphite is expected to have grown by 4.8% annually, reaching a value of USD 2.5 billion (2021-2031).

A cutting-edge substance that enhances the chemical, electrical, and thermal properties of graphite is SiC-coated graphite. It has numerous uses in the production of semiconductors, high-temperature furnaces, the metallurgical and electronics industries, as well as the healthcare industry.

The market for SiC-coated graphite is constrained by several problems, including the high cost of SiC deposition, an elevated risk of impurities, and strict governmental requirements. One of the main factors limiting market expansion is the high cost of SiC deposition because it raises the overall cost of production. Additionally, the increased possibility of contaminants during SiC deposition makes it difficult for producers to satisfy customers' demanding quality standards. This is particularly true for situations where contaminants might have a big impact on the device's performance, such as silicon epitaxial growth. In the upcoming years, it is also anticipated that strict government rules on environmental pollutants may impede industry expansion. Nonetheless, it is projected that shortly, the market will benefit greatly from the strong growth for SiC-coated graphite from a variety of end-use applications.

With numerous major manufacturers present, the market for SiC-coated graphite is extremely competitive. IBIDEN, Showa Denko, Morgan Advanced Materials, Hitachi Chemical, CFC Carbon Company, and JFE Carbon are a few of these important firms. These businesses are in fierce competition with one another to capture a bigger piece of the world market. To meet the increasing demand from diverse industries, they are concentrating on increasing their production capabilities and product lines. Additionally, these businesses are making investments in R&D projects to create fresh, cutting-edge products that can adapt to shifting consumer demands.

Segment Analysis

The Susceptors Segment emerged as the Most Lucrative Type

The SiC Coated Graphite Market is segmented into Susceptors and Others based on type. The market for SiC-coated graphite is anticipated to be dominated by the susceptors segment among these. SiC Coated Graphite's strong temperature resistance, low thermal expansion coefficient, and good electrical conductivity are a few key characteristics that are boosting demand for it.

The Most Prominent Application is the Susceptors for Silicon Epitaxial Growth Segment

The SiC Coated Graphite Market is divided into MOCVD Susceptors, Single Crystal Silicon, Susceptors for Silicon Epitaxial Growth, Heaters, and Heat Spreaders based on Application. Due to its extensive application potential in the semiconductor sector, the Susceptor for Silicon Epitaxial Growth segment is predicted to lead the market in terms of revenue.

The Aerospace & Defence Sector to emerge as the Most Promising End-user
The SiC Coated Graphite Market is segmented by end users into the following submarkets: aerospace & defence, electronics & electricals, automotive, industrial machinery, and others. In terms of value, the aerospace and military sector is anticipated to hold the greatest share of the SiC-coated graphite market. SiC Coated Graphite's expanding use in aircraft engines because of its heat- and corrosion-resistant qualities is boosting this market's expansion.

The Asia Pacific Region to render Ample Financing Opportunities

The global SiC Coated Graphite Market is divided into five regions based on geography: North America (the United States, Canada, and Mexico), Europe (the United Kingdom, Germany, France, Italy, and Spain), Asia Pacific (China, India, Japan), South America (Brazil), and the Middle East and Africa (South Africa). As a result of rising demand from end-use sectors including the automotive and electronics & semiconductor, the Asia Pacific region is anticipated to dominate in terms of both value and volume during the forecast period.

COVID-19 Impact and Market Status

The COVID-19 epidemic is causing serious problems for the entire world, and the SiC-coated graphite market is no exception. SiC-coated graphite products have seen a drop in demand from important end-use industries such as semiconductors and electronics, solar energy, and aerospace and defence as a result of the epidemic. Furthermore, the supply chain for this industry has been hampered by the closure of manufacturing facilities in China, a significant supplier of SiC-coated graphite. The market is anticipated to recover in 2021 as SiC-coated graphite demand rises and end-use industries restart operations.

Recent Developments in the SiC-Coated Graphite Market

• The novel SiC-coated graphite material from CeramTec, which has a high thermal conductivity of up to 320 W/mK, was introduced in March 2022. According to reports, the automobile and aerospace industries can utilise this novel material.

• GrafTech introduced a new line of proprietary SiC-coated graphite products in February 2021. The product line includes coatings with improved heat dissipation and reduced coefficient of friction properties, such as FlexarcTM and E-FlexTM.

• IBIDEX-SiC, a novel SiC-coated graphite material, was unveiled by IBIDEN Co., Ltd in December 2020. This new material was created by combining the methods of chemical vapour deposition (CVD) and physical vapour deposition (PVD) in a novel manner. It is reported to offer exceptional mechanical strength, thermal resistance, and electrical conduction qualities.

SiC Coated Graphite Market Scope

Key Segments of the SiC Coated Graphite Market

Type Overview,(USD Billion)
        • Susceptors
        • Other
Application Overview, (USD Billion)
        • Susceptor for Silicon Epitaxial Growth
        • Single Crystal Silicon
        • MOCVD Susceptors
        • Heaters &
        • Heat Spreaders
Regional Overview, (USD Billion)
North America
        • U.S
        • Canada
Europe 
        • Germany
        • France
        • UK
        • Rest of Europe
Asia Pacific
        • China
        • India
        • Japan
        • Rest of Asia Pacific
South America
        • Mexico
        • Brazil
        • Rest of South America 
        • Middle East and South Africa