SiC Polishing Consumables Market Size, Share, Growth, And Industry Analysis by Type (SiC CMP Pads, SiC CMP Slurry) by Application (4 Inch SiC Wafer, 6 Inch SiC Wafer, 8 Inch SiC Wafer) and Regional Forecast to 2032

Updated On: 02 September 2024

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SIC POLISHING CONSUMABLES MARKET REPORT OVERVIEW

The global SiC Polishing Consumables Market size was USD 69 Million in 2023. As per our research, the market is expected to reach USD 416.5 Million by 2032, exhibiting a CAGR of 22.1% during the forecast period.

SiC sprucing consumables consist of slurries, pads, and diamond abrasives designed to attain extremely-smooth surfaces on silicon carbide wafers. These merchandises are essential in the semiconductor industry, in which precision is critical for tool overall performance. The slurries are formulated to facilitate efficient material elimination and reap the desired floor finish. Polishing pads offer the important mechanical guide, while diamond abrasives make sure high precision and durability. Applications enlarge to strength electronics, LEDs, and different excessive-overall performance electronic gadgets. As era advances, these consumables permit the manufacturing of additives that may withstand excessive temperatures and voltages, essential for electric vehicles and renewable electricity structures.

The SiC Polishing Consumables Market size is growing because of the increasing demand for excessive-overall performance digital devices and advancements in semiconductor generation. The growing adoption of electric motors (EVs) and renewable strength structures requires additives that could manage excessive temperatures and voltages, which SiC excels at. Additionally, the growth of 5G era and the Internet of Things (IoT) is using the need for greater efficient and reliable semiconductors. As industries retain to innovate and require extra precise and sturdy substances, the market is expected to grow, fueling market development.

COVID-19 Impact: Initial Supply Chain Disruptions Caused Production Slowdowns and Semiconductor Manufacturing Delays

The COVID-19 pandemic has been unprecedented and staggering, with SiC Polishing Consumables Market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

Pandemic had a combined effect at the marketplace. Initially, delivery chain disruptions and lockdown measures brought about manufacturing slowdowns and delays in semiconductor manufacturing. This precipitated a temporary dip in demand for polishing consumables. However, the pandemic additionally multiplied the virtual transformation, boosting demand for electronic gadgets, 5G infrastructure, and data centers. Remote work and extended reliance on digital communication technology similarly fueled the want for excessive-performance semiconductors. As industries tailored to the brand new normal, investments in electric powered motors and renewable energy surged, riding the restoration and growth of the SiC Polishing Consumables Market. Post-pandemic, the marketplace is expected to keep its upward trajectory, pushed by using these technological advancements and improved demand.   

LATEST TRENDS

"Development of Eco-Friendly and Sustainable Products Notable Trend in the Market"

One extraordinary trend in the marketplace is the improvement of green and sustainable merchandise. Companies are that specialize in developing sharpening slurries and pads that lessen environmental effect even as retaining high overall performance. Innovations encompass water-based slurries and biodegradable pads, which cater to the increasing demand for inexperienced technology. Leading gamers like Saint-Gobain, 3M, and Dow are actively investing in studies and development to introduce those advanced consumables. They are also enhancing their product portfolios with solutions that provide higher performance and precision in sharpening SiC wafers. These organizations are forming strategic partnerships and acquisitions to strengthen their market function and enlarge their international attain, reflecting a dedication to sustainability and technological development.

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SiC Polishing Consumables Market SEGMENTATION

• By type

Depending on SiC Polishing Consumables Market given are types: SiC CMP Pads, SiC CMP Slurry. The SiC CMP Pads type will capture the maximum market share through 2030.  

SiC CMP Pads: These pads are important for achieving smooth and disorder-unfastened surfaces on silicon carbide wafers. They provide mechanical aid at some stage in the sharpening method, ensuring uniform cloth removal. With advancements in pad substances and designs, this section is predicted to capture the maximum marketplace share through 2030.

SiC CMP Slurry: SiC CMP slurry is a crucial thing within the polishing manner, containing abrasive debris and chemicals that facilitate efficient cloth removal and floor completing. Formulated to optimize performance and minimize defects, these slurries are vital for high-precision programs within the semiconductor enterprise. This section maintains to grow due to ongoing innovations and growing demand.

• By Application

The market is divided into 4 Inch SiC Wafer, 6 Inch SiC Wafer, 8 Inch SiC Wafer based on application. The global SiC Polishing Consumables Market players in cover segment like 4 Inch SiC Wafer will dominate the market share during 2023-2030.

4 Inch SiC Wafer: The four-inch SiC wafer segment will dominate the market proportion from 2023 to 2030 because of its huge use in power electronics and excessive-frequency applications. These wafers offer a balance of cost and performance, making them a favored preference for diverse semiconductor devices and using huge demand in the market.

6 Inch SiC Wafer: The 6-inch SiC wafer section is gaining traction due to its suitability for larger-scale semiconductor manufacturing. These wafers permit higher device yields and cost performance, making them ideal for programs in electric powered vehicles, renewable energy systems, and advanced electronics. The segment is predicted to see constant growth as technology evolves.

8 Inch SiC Wafer: The 8-inch SiC wafer section represents the slicing fringe of SiC generation, helping the manufacturing of high-strength and high-temperature semiconductor devices. Although currently much less common, this phase is poised for destiny increase as production competencies improve and call for extra superior electronic components increases, in particular in high-cease packages.

DRIVING FACTORS

"Increasing Adoption of Electric Vehicles (EVs)"" Major Driving Factor for Market Growth"

A fundamental using component for the growth of the market is the growing adoption of electric motors (EVs). SiC components are critical for EV power electronics, presenting better efficiency and higher thermal overall performance compared to standard silicon-based totally additives. As the global push for greener transportation intensifies, automakers are investing heavily in EV technology, which in flip boosts the demand for SiC wafers. This surge in call for necessitates first-rate polishing consumables to ensure the production of reliable and efficient SiC components. Consequently, the increase of the EV market at once propels the enlargement of the marketplace.

"Expansion of 5G Technology"" Key Driver for Growth"

Another key factor driving the SiC Polishing Consumables Market growth is the expansion of 5G era. 5G networks require excessive-overall performance semiconductor devices which can deal with accelerated records speeds and bandwidth. SiC wafers are best for those applications because of their advanced electrical homes and thermal conductivity. The substantial deployment of 5G infrastructure international is fueling the demand of SiC-primarily based components, which in turn will increase the need for unique and efficient polishing consumables. As telecommunications organizations invest in upgrading their networks to 5G, the market is set to grow extensively, pushed by way of the want for superior materials in next-generation communique technology.

RESTRAINING FACTORS

"High Cost of SiC Wafers and Manufacturing Processes Key Restraint"

One restraining aspect affecting the marketplace growth is the excessive value of SiC wafers and associated production strategies. SiC substances and sharpening technologies are extra expensive compared to standard silicon-based counterparts, making them less available for a few manufacturers. This fee barrier can deter smaller groups from adopting SiC technology, slowing marketplace increase. Additionally, the complicated fabrication and sprucing techniques require specialized gadget and knowledge, in addition using up costs. As a result, the better prices related to SiC technology can restrict its large adoption, posing a mission to the general enlargement of the marketplace.

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SiC Polishing Consumables Market REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America and Middle East & Africa.

"Asia Pacific Dominating Market Rapid Industrialization and Increasing Investments in Electric Vehicles and Renewable Energy Systems"

The Asia-Pacific location is the main place within the SiC Polishing Consumables Market share, driven with the aid of the presence of primary semiconductor production hubs in international locations like China, Japan, South Korea, and Taiwan. These countries are widespread manufacturers and customers of digital gadgets, which includes power electronics and LEDs, which considerably use SiC wafers. Moreover, the fast industrialization and increasing investments in electric automobiles and renewable strength structures within the region similarly bolster the demand for SiC polishing consumables. With ongoing advancements in semiconductor technology and manufacturing talents, Asia-Pacific is predicted to hold dominating the market, each in terms of market share and development rate.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

The SiC Polishing Consumables Market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• DuPont (U.S.)
• Fujibo Group (Japan)
• Entegris (CMC Materials) (U.S.)
• Saint-Gobain (France)
• Fujimi Corporation (Japan)
• Shanghai Xinanna Electronic Technology (China)
• Ferro (UWiZ Technology) (U.S.)
• Beijing Hangtian Saide (China)
• Beijing Grish Hitech (China)
• Tianjin Helen (China)
• CHUANYAN (China)

INDUSTRIAL DEVELOPMENT

September 2021: One excellent industrial improvement is from Entegris (CMC Materials). Entegris received CMC Materials, a leading dealer of consumable substances to the semiconductor industry. This acquisition aimed to reinforce Entegris' position in the semiconductor substances market, mainly in advanced CMP slurries and polishing pads. By integrating CMC Materials' expertise in polishing consumables with Entegris' semiconductor answers, the corporation seeks to beautify its product offerings and make bigger its global footprint. This improvement reflects Entegris' approach to capitalize at the growing demand for high-performance materials in semiconductor manufacturing, riding innovation and market leadership.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.