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SiC Wafer Polishing Market

SiC Wafer Polishing Market was valued USD 0.4 Billion in 2023 and projected to reach USD 0.63 Billion by 2030, growing at a CAGR of 38.0% during the forecast period of 2023-2030 - published by MarketDigits
Published 12 November 2024

According to a research report "SiC Wafer Polishing Market, by Type of SiC Wafer (4H-SiC and 6H-SiC), Product Type (Abrasive powders, Polishing pads, Diamond slurries, Colloidal silica suspensions and Others), Process Type (Mechanical polishing, Chemical-mechanical polishing (CMP), Electropolishing, Chemical polishing and Others), Application (Power Electronics, Light-emitting diodes (LEDs), Sensors & detectors, Rf & microwave devices and Others), End-use Vertical (Electronics & Semiconductors, Automotive, Aerospace & Defense, Energy & Power and Others) & Region - Global Forecast to 2030.

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  • 147 - Market Data Tables 
  • 63 - List of Figures
  • 200 - Pages

Market Overview: SIC wafer polishing is a specialized manufacturing process designed to elevate the surface quality of Silicon Carbide wafers, ensuring their compliance with the rigorous standards of contemporary electronics and power devices. Silicon Carbide, recognized for its exceptional thermal conductivity, high breakdown voltage, and remarkable mechanical strength, has emerged as the preferred material for high-power and high-frequency applications. SiC wafers play a crucial role in RF applications like high-power amplifiers and communication systems. The refined wafers facilitate the development of high-frequency devices, minimizing signal losses and improving heat dissipation. Polished SiC wafers are indispensable in the production of optoelectronic devices, including UV photodetectors and high-power LEDs (Light-Emitting Diodes). The polished surface enhances light emission efficiency and sensitivity, crucial for optimal optoelectronic performance. The global shift towards sustainable transportation solutions has led to the widespread adoption of electric vehicles (EVs). SiC wafers play a pivotal role in enhancing the efficiency of EV powertrains. The inherent properties of SiC, such as high breakdown voltage and superior thermal conductivity, make it indispensable for manufacturing high-performance EV components. With the global focus on transitioning to renewable energy sources, the demand for SiC wafers used in solar inverters and wind power systems is experiencing a substantial surge. This surge is, in turn, driving market growth. Technological advancements in wafer polishing techniques have significantly improved the efficiency and precision of SiC wafer polishing processes. Innovations like chemical mechanical polishing (CMP) and advanced abrasive materials have revolutionized the manufacturing of polished SiC wafers.

Market Dynamics

Drivers:

  • Increased usage of consumer electronics
  • Rising need for SiC-based power devices
  • Advancement in polishing consumables
  • Widespread adoption of SiC wafers in radio frequency (RF) devices

Opportunities:

  • Increasing investments in SiC research and development
  • Rise of novel applications

The SiC Wafer Polishing Market is dominated by North America.

In 2023, the SiC Wafer Polishing Market market in North America secured a prominent share. North America serves as a focal point for technological advancements and semiconductor manufacturing. The SiC wafer polishing market in the region is propelled by the presence of key industry players, significant research and development endeavors, and an increasing need for energy-efficient devices. In Europe, a robust semiconductor industry underscores the significance of SiC wafers in power electronics and automotive applications. The region witnesses a growing demand for SiC wafer polishing, driven by strict environmental regulations promoting the adoption of energy-efficient solutions. The Asia-Pacific region, spearheaded by countries like China, Japan, and South Korea, commands the global semiconductor market. SiC wafers find widespread applications in consumer electronics, automotive, and industrial sectors in this dynamic region.

On the other hand, The Asia Pacific region is anticipated to experience the highest Compound Annual Growth Rate (CAGR) in the SiC wafer polishing market from 2023 to 2028. Asia Pacific holds a pivotal position as one of the primary markets for SiC wafer polishing, driven by its prominence as a major hub for the electronics and semiconductor industries. Countries like China, Japan, South Korea, and Taiwan play substantial roles in global semiconductor production within the region. The increasing demand for SiC-based devices, including power electronics, RF components, and LEDs, is fueling the requirement for high-quality polished SiC wafers, contributing to the expansion of the polishing market.

Key Players covered in the report:

  • 3M
  • Ace Nanochem Co., Ltd.
  • Advanced Abrasives Corporation
  • AGC Inc.
  • Allied High Tech Products
  • DuPont Incorporated
  • Engis Corporation
  • Entegris
  • Ferro Corporation
  • Fujibo Holdings, Inc.
  • Fujifilm Holdings America Corporation
  • Fujimi Incorporated
  • Iljin Diamond Co., Ltd.
  • JSR Corporation
  • Kemet International Limited
  • Lapmaster Wolters
  • Logitech Ltd.
  • Nitta DuPont Incorporated
  • Pureon
  • Saint-Gobain

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Segmentations Analysis of SiC Wafer Polishing Market: -

  • By Type of SiC Wafer
  • By Product Type
  • By Process Type
  • By Application
  • By End-use Vertical
  • By Region

Recent Development: In October 2023, Wolfspeed announced a new 6-inch SiC wafer polishing facility in Durham, North Carolina. The facility is expected to be operational in 2024 and will double Wolfspeed's SiC wafer polishing capacity.

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