SILICON CARBIDE MARKET ANALYSIS

Regional Analysis

Global Silicon Carbide Market - Regional Insights

Asia Pacific dominated the global silicon carbide market in 2022 accounting for 6.2% in terms of value. Players in the regional steel industry include China, India, Japan, and South Korea. Because of the significant steel manufacturing industries in these nations, numerous foreign suppliers have opened offices throughout Asia Pacific. The region's manufacturing capabilities have significantly improved over the past ten years, which has encouraged the growth of downstream industries and advanced the penetration of SiC in the area. In 2022, Europe had a sizable revenue share. The introduction of coronavirus has had a significant influence on the area's economic development. The lockdown's consequences for manufacturing operations spread to most industries, including steel, automotive, and aerospace, among others.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa