1 Global CVD SiC Market Insight Analysis
The global CVD SiC market is valued at USD 471.02 million in 2024, with a CAGR of 8.12% from 2024 to 2033.
CVD SiC (Chemical Vapor Deposited Silicon Carbide) is a type of silicon carbide material produced by chemical vapor deposition (CVD). Chemical vapor deposition is a technique that generates solid materials on a substrate through chemical reactions of gaseous reactants.
Figure Global CVD SiC Market Size (M USD) and CAGR (2024-2033)
2 CVD SiC Market Growth Drivers and Restraints
Material performance advantages: CVD SiC is made by chemical vapor deposition and has high purity, high uniformity, and excellent thermal conductivity, wear resistance and corrosion resistance. In chemical and plasma environments, its performance far exceeds that of traditional materials and is widely used in many key areas of semiconductor manufacturing, such as rapid thermal process components, plasma etching components, etc.
With the vigorous development of emerging fields such as 5G, Internet of Things, and artificial intelligence, the demand for semiconductors has surged, and CVD SiC has ushered in a broad market space with its own advantages. Taking the construction of 5G base stations as an example, a large number of power devices need to use CVD SiC to improve performance and stability, thereby promoting the growth of the CVD SiC market.
Policy support for the semiconductor industry: Governments of various countries attach great importance to the semiconductor industry, regard it as a core indicator for measuring the level of national scientific and technological development, and have introduced a series of policies and regulations to promote its development. In the “14th Five-Year Plan”, China clearly proposed to improve the quality of new material products and increase the proportion of high-end products, which has brought development opportunities for Chinese CVD SiC companies.
The US Chips and Science Act plans to invest more than $200 billion in the next five years to promote domestic semiconductor research and development and production, which will undoubtedly increase demand for the downstream market of CVD SiC. Policy support provides strong development support for the CVD SiC market.
Rise of emerging markets: The semiconductor industry in Asia has developed rapidly and has become an important growth pole in the global CVD SiC market. With the strategic support and financial investment of the government, China’s semiconductor industry has continuously increased its R&D efforts to promote technological innovation and industrial chain integration. For example, SMIC’s R&D investment in 7-nanometer technology is committed to narrowing the gap with the international advanced level;
Huawei HiSilicon works closely with domestic manufacturing companies to optimize chip design and production processes. The South Korean government actively promotes the development of the semiconductor industry and plans to build the world’s largest and most advanced semiconductor cluster through tax incentives and the construction of R&D education centers. With advantages in production costs, technological innovation and market demand, Asia has injected strong growth momentum into the CVD SiC market.
Unstable international trade environment: In recent years, international trade disputes have continued to escalate and the uncertainty of trade policies has increased. The US policy of restricting semiconductor exports to China has hindered Chinese companies from obtaining advanced semiconductor technology and manufacturing equipment, which has directly affected the technological progress of the CVD SiC industry, resulting in production delays and rising costs. The trade dispute has also triggered market access restrictions, weakened the international market competitiveness of CVD SiC products, and affected the sales and profits of enterprises. The instability of the international trade environment has made the development of the CVD SiC market face many variables.
Intense industry competition and fluctuations in raw material prices: The global CVD SiC market is highly competitive. In order to maintain its competitive advantage, companies need to continuously invest a lot of money in product research and development and market expansion. This not only brings cost pressure, but also leads to problems such as price wars and market saturation. Raw material prices are affected by multiple factors such as global supply and demand, regulations and policies, and exchange rates, and fluctuate greatly. The instability of raw material prices increases the production costs and decision-making risks of enterprises, and poses a huge challenge to the profitability and supply chain management of enterprises.
High capital and talent barriers: CVD SiC technology involves multiple disciplines, and the demand for professional and technical talents is extremely urgent. The shortage of talents may lead to stagnation in the research and development of key technologies of enterprises, weakening their innovation capabilities and market competitiveness. At the same time, the CVD SiC industry has extremely high requirements for core technology research and development and production equipment, and requires a large amount of capital investment in the early stage. The high price of equipment puts small and medium-sized enterprises at a disadvantage when competing with well-funded enterprises, limiting the overall development speed of the industry.
3 Technological Innovations in the CVD SiC Market
CVD technology continues to improve: CVD (chemical vapor deposition) technology is the core technology for producing CVD SiC. At present, it can produce a variety of coatings and structures with specific appearance, performance and functional surface layers, and the materials produced have good mechanical and electrical properties. However, this technology also has some defects, such as the waste gas generated is polluted, and it needs to be treated with a supporting waste gas purification device;
the production process has high temperature and long time, and uncontrollable factors such as rapid changes in gas and high temperature will affect the coating quality and surface positioning accuracy, and the deposition rate is also slow. In the future, the research and development focus will be on solving these problems to improve the CVD technology level and application effect, thereby improving the quality and production efficiency of CVD SiC products.
The expansion of application fields promotes technological innovation: With the development of the semiconductor industry, the application of CVD SiC in the field of semiconductor manufacturing has continued to expand, which has prompted enterprises and scientific research institutions to increase their technological innovation efforts.
In semiconductor processing, in order to meet higher process requirements, CVD SiC materials have made progress in resistivity control and purity improvement, and developed products with different resistivity levels to meet the needs of different application scenarios such as wafer processing and etching equipment. In the emerging fields of 5G and the Internet of Things, higher requirements are placed on the performance of CVD SiC, which promotes enterprises to develop products with better thermal conductivity and corrosion resistance, and further expands the application boundaries of CVD SiC.
Industry-university-research cooperation promotes technological progress: The cooperation between universities, scientific research institutions and enterprises is becoming increasingly close, becoming an important driving force for CVD SiC technological innovation. For example, Pennsylvania State University and Morgan Advanced Materials signed a cooperation agreement to jointly conduct silicon carbide research. This cooperation model can integrate resources from all parties. Universities and scientific research institutions provide cutting-edge scientific research results and theoretical support, and enterprises transform research results into actual products, accelerate the industrialization process of technological innovation, and promote the application of CVD SiC technology in a wider range of fields.
Industry integration trend emerges: The CVD SiC market is highly competitive. Enterprises optimize resource allocation and enhance competitiveness through mergers and acquisitions, and the industry integration trend is gradually becoming obvious. For example, Solmics acquired SKC Solmics’ fine ceramics business, and Tokai Carbon turned Oriental Sangyo into a wholly-owned subsidiary. These mergers and acquisitions help companies expand their scale, achieve resource sharing and complementary advantages, increase their voice in the market, and promote the improvement of industry concentration.
Corporate strategic adjustment and coordinated development: Mergers and acquisitions are important means for companies to achieve strategic adjustments. Through mergers and acquisitions, companies can quickly acquire new technologies, new markets and new customers to achieve diversified development. Taking CoorsTek’s construction of a new plant in Gumi, South Korea as an example, it plans to use the plant to introduce CVD SiC manufacturing processes, develop and mass-produce the best materials for a variety of applications to meet the rapidly changing needs of the semiconductor market and enhance its competitiveness in the global market. This strategic adjustment helps companies better adapt to market changes and achieve coordinated development.
4 Global CVD SiC Market Size by Type
The High Resistivity Grade segment leads the market with a significant revenue of 223.27 million US dollars (M USD), capturing a dominant market share of 47.40%. This type of CVD SiC is primarily used in applications requiring electrical isolation and high voltage, such as in semiconductor equipment and high-temperature furnaces. Its high resistivity makes it suitable for environments where electrical insulation is crucial. The substantial market share indicates a strong demand for high resistivity materials in critical applications, reflecting its importance in the overall CVD SiC market.
The Middle Resistivity Grade holds a market size of 44.41 M USD, accounting for 9.43% of the total market share. This grade offers a balance between conductivity and insulation, making it versatile for various applications. It is used in components where a moderate level of resistivity is required, such as in some types of sensors and electronic devices. The smaller market share compared to the High Resistivity Grade suggests that while it serves essential functions, its applications might be more specialized compared to those of the high resistivity materials.
The Low Resistivity Grade contributes significantly to the market with a revenue of 203.35 M USD, representing a market share of 43.17%. Characterized by high electrical conductivity, this grade is ideal for power devices and electronic components where efficient electrical transmission is necessary. Its role in high-performance electronics and power management systems underscores its importance in driving technological advancements in these sectors.
Table Global CVD SiC Market Size and Share by Type in 2024
Type | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
High Resistivity Grade | 223.27 | 47.40% |
Middle Resistivity Grade | 44.41 | 9.43% |
Low Resistivity Grade | 203.35 | 43.17% |
5 Global CVD SiC Market Size by Application
This segment is projected to generate a revenue of 86.50 million US dollars (M USD), accounting for 18.36% of the total market share. Rapid Thermal Process Components are crucial in semiconductor manufacturing processes, where precise temperature control is vital. The substantial market share indicates the critical role these components play in the production of advanced semiconductors.
With a projected revenue of 163.55 M USD, this application occupies 34.72% of the market share. Plasma Etch Components are essential in the etching process of semiconductors, where they provide high precision and control. The significant market share reflects the continuous demand for advanced etching technologies in the semiconductor industry.
This segment is expected to contribute 69.49 M USD to the market, holding 14.75% of the total market share. Susceptors and Dummy Wafers are used in various stages of semiconductor manufacturing, providing support and ensuring process accuracy. Their role in maintaining manufacturing standards is evident from their considerable market share.
Projected to generate 80.23 M USD, this application accounts for 17.03% of the market share. LED Wafer Carriers & Cover Plates are integral in LED manufacturing, where they protect and support the wafers during production. The market share indicates the growing demand for energy-efficient lighting solutions.
Table Global CVD SiC Market Size and Share by Application in 2024
Application | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Rapid Thermal Process Components | 86.50 | 18.36% |
Plasma Etch Components | 163.55 | 34.72% |
Susceptors & Dummy Wafer | 69.49 | 14.75% |
LED Wafer Carriers & Cover Plates | 80.23 | 17.03% |
Others | 71.25 | 15.13% |
6 Global CVD SiC Market Size by Region
The United States is projected to lead the market with a revenue of 97.12 M USD, capturing 20.62% of the total market share. The region’s strong presence in the semiconductor industry and technological advancements drive its significant market share.
Europe is expected to contribute 68.56 M USD to the market, holding 14.56% of the total market share. The region’s focus on renewable energy and advanced manufacturing technologies contributes to its substantial market share.
China Mainland is projected to generate 64.76 M USD, accounting for 13.75% of the market share. The region’s rapid industrial growth and increasing demand for high-performance materials drive its significant market presence.
Japan is expected to contribute 63.61 M USD to the market, holding 13.51% of the total market share. The country’s expertise in electronics and materials science is reflected in its notable market share.
China Taiwan is projected to generate 60.92 M USD, representing 12.93% of the market share. The region’s role as a hub for semiconductor manufacturing significantly influences its market contribution.
South Korea is expected to contribute 79.86 M USD to the market, capturing 16.95% of the total market share. The country’s focus on technological innovation and electronics manufacturing is evident from its substantial market share.
Figure Global CVD SiC Market Size (M USD) by Region in 2024
7 Global CVD SiC Market Analysis by Major Players
Tokai Carbon
Company Profile: Tokai Carbon, established in 1918 and headquartered in Japan, is a leading manufacturer of carbon products including carbon black, graphite electrodes, and fine carbon friction material. The company also produces industrial furnaces and related products.
Business Overview: Operating through segments like Carbon Black business, Carbon and Ceramics business, and Industrial Furnaces and Related Products business, Tokai Carbon serves various industries including automotive, electronics, and energy.
Product Offered: The company offers CVD SiC components designed to enhance the lifetime and yield of parts used in dry etchers and diffusion chambers. Their products include SiC rings, shower heads, and dummy wafers, known for no heat deformation, no outgassing, long lifetime compared to silicon, and excellent chemical resistance.
2024 Financial Summary: In 2024, Tokai Carbon’s CVD SiC business revenue reached 141.23 M USD with a gross margin of 53.83%, indicating strong financial health and market leadership.
CoorsTek
Company Profile: Founded in 1910 and headquartered in the USA, CoorsTek is a global manufacturer of advanced technical ceramics used in aerospace, automotive, chemical, medical, and other industries.
Business Overview: The company provides a range of products including air quality monitors, ceramic blades, epoxy seal lids, pedestal heaters, vacuum break filters, and offers services like materials testing and custom manufacturing.
Product Offered: CoorsTek’s CVD SiC products, under the brand PureSiC®, are known for resisting corrosion in extreme environments while maintaining high strength and wear properties. These are used in semiconductor production to enhance manufacturing efficiency.
2024 Financial Summary: CoorsTek reported a CVD SiC business revenue of 58.92 M USD in 2024, with a gross margin of 55.42%, reflecting a solid position in the market.
AGC
Company Profile: AGC, established in 1907 and based in Japan, is a multinational company providing glass, electronic components, chemicals, and ceramics.
Business Overview: AGC’s diverse product portfolio includes float flat glass, automotive glass, decorative glass, and various high-tech glass products. It also offers chemicals like PVC and specialty glass for display applications.
Product Offered: AGC’s CVD SiC, marketed as ROICERAM™-HS, is recognized for its high purity, strength, low thermal expansion, and excellent acid resistance. It’s used in semiconductor production equipment, LED manufacturing devices, and solar cell production equipment.
2024 Financial Summary: AGC achieved a CVD SiC business revenue of 69.31 M USD in 2024, with a gross margin of 53.41%, showcasing its robust market presence and financial stability.