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India Silicon Carbide Market

ID: MRFR/CnM/45648-HCR
111 Pages
Chitranshi Jaiswal
October 2025

India Silicon Carbide Market Research Report: By Product Type (Black Silicon Carbide, Green Silicon Carbide) and By Application (Steel & Energy, Automotive, Aerospace & Aviation, Military & Defense, Electronics & Semiconductors, Medical & Healthcare) - Forecast to 2035

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India Silicon Carbide Market Summary

As per analysis, the India silicon carbide market is projected to grow from USD 45.54 Million in 2024 to USD 75.49 Million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.7% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The India silicon carbide market is poised for substantial growth driven by advancements in key sectors.

  • The power electronics segment remains the largest contributor to the silicon carbide market in India.
  • High-temperature devices are emerging as the fastest-growing segment, reflecting increasing demand for specialized applications.
  • The automotive sector is currently the largest market for silicon carbide, while the electronics sector is experiencing rapid growth.
  • Key market drivers include the growing electronics sector and advancements in renewable energy, which are shaping the industry's trajectory.

Market Size & Forecast

2024 Market Size 45.54 (USD Million)
2035 Market Size 75.49 (USD Million)
CAGR (2025 - 2035) 4.7%

Major Players

Saint-Gobain (FR), Carborundum Universal Limited (IN), Norton Abrasives (IN), Cree, Inc. (US), Dow Corning (US), Silicon Carbide Products, Inc. (US), Rohm Semiconductor (JP), II-VI Incorporated (US)

India Silicon Carbide Market Trends

The India silicon carbide market is currently experiencing a notable transformation, driven by the increasing demand for advanced materials in various sectors. This compound, known for its exceptional thermal conductivity and high strength, is finding applications in electronics, automotive, and renewable energy industries. The push towards electric vehicles and energy-efficient technologies is likely to further enhance the market's growth trajectory. Additionally, the government's initiatives to promote semiconductor manufacturing in the country may provide a substantial boost to the silicon carbide sector, as it plays a crucial role in the production of power devices and high-performance electronics. Moreover, the market appears to be influenced by the rising focus on sustainability and environmental concerns. As industries seek to reduce their carbon footprint, silicon carbide's properties make it an attractive alternative to traditional materials. The increasing investments in research and development, coupled with collaborations between public and private sectors, suggest a promising future for the India silicon carbide market. Overall, the combination of technological advancements and supportive policies indicates a robust growth potential in the coming years.

Rising Demand in Electric Vehicles

The India silicon carbide market is witnessing a surge in demand due to the growing electric vehicle sector. Silicon carbide components are essential for enhancing the efficiency and performance of electric drivetrains, making them a preferred choice among manufacturers.

Government Initiatives for Semiconductor Manufacturing

The Indian government's focus on boosting semiconductor manufacturing is likely to positively impact the silicon carbide market. Policies aimed at fostering local production and reducing dependency on imports may create new opportunities for silicon carbide applications.

Sustainability and Environmental Considerations

There is an increasing emphasis on sustainability within the India silicon carbide market. As industries strive to adopt greener technologies, silicon carbide's energy-efficient properties position it as a viable alternative to conventional materials, aligning with environmental goals.

Market Segment Insights

By Application: Power Electronics (Largest) vs. High-Temperature Devices (Fastest-Growing)

In the India silicon carbide market, Power Electronics holds the largest share, driven by increased adoption in electric vehicles and renewable energy systems. Following closely, High-Temperature Devices are witnessing rapid growth due to advancements in aerospace and automotive applications, where high thermal stability is essential. Other segments like LEDs and solar cells are also contributing to the market dynamics, but their shares remain smaller compared to the leading segments. As technology progresses, the demand for advanced Power Electronics is expected to grow along with the rise in renewable energy projects and electric vehicle production. High-Temperature Devices are emerging as a vital segment due to the rising need for devices that can operate in extreme conditions, thus attracting investments and innovation. This trend underscores a shift towards sustainable technologies, further enhancing the market's potential.

Power Electronics (Dominant) vs. Solar Cells (Emerging)

Power Electronics, as the dominant segment in the India silicon carbide market, showcases its critical role in transforming energy management through efficient semiconductor solutions. This category benefits from the surge in electric vehicle production and renewable energy applications, showcasing high demand trends. Conversely, Solar Cells are characterized as an emerging segment, experiencing growth due to government incentives and rising awareness about sustainable energy sources. While Power Electronics focuses on high-power applications and efficiency, Solar Cells represent the broader transition to clean energy solutions that appeal to both consumers and industries. Together, these segments reflect a landscape ripe for innovation and investment, fostering a robust market ecosystem.

By End Use Industry: Automotive (Largest) vs. Electronics (Fastest-Growing)

In the India silicon carbide market, the automotive sector holds a dominant position, comprising a significant portion of the overall market share. This strength is attributed to the rising demand for electric vehicles (EVs) and the need for efficient power electronics. On the other hand, segments such as electronics, energy, and telecommunications are growing rapidly, spurred by advancements in technology and an increased focus on renewable energy solutions, thereby diversifying the applications of silicon carbide.

Automotive: Dominant vs. Electronics: Emerging

The automotive sector remains the dominant end-use industry for silicon carbide in India, driven by the increasing adoption of electric vehicles and stringent emission regulations. Silicon carbide's high thermal conductivity and efficiency make it ideal for power modules and inverters in EVs. Conversely, the electronics sector is emerging rapidly, supported by technological innovations and the demand for advanced semiconductor materials. The rise of the Internet of Things (IoT) and 5G technology is fostering increased usage of silicon carbide in telecommunications and consumer electronics, positioning it as a critical material in modern electronic applications.

By Product Type: Wafers (Largest) vs. Powders (Fastest-Growing)

In the India silicon carbide market, the segment distribution is diverse, with wafers holding the largest market share due to their extensive use in semiconductor applications. Powders, on the other hand, are rapidly gaining traction and are recognized as the fastest-growing segment, driven by their increasing adoption in various industrial applications such as grinding and polishing. Ceramics, substrates, and grains also contribute to the market, albeit at a lesser extent compared to wafers and powders.

Wafers (Dominant) vs. Powders (Emerging)

The wafers segment, characterized by its substantial utilization in power electronics and high-frequency applications, continues to dominate the Indian silicon carbide market. Wafers offer superior thermal conductivity and efficiency, making them preferred among manufacturers. On the other hand, the powders segment is emerging with significant potential, driven by industrial applications needing fine grinding and materials synthesis. The increasing demand for efficient materials in various sectors is propelling the growth of powders, which are praised for their versatility and adaptability. This vibrant landscape showcases the crucial interplay between established and expanding segments.

By Distribution Channel: Direct Sales (Largest) vs. Online Sales (Fastest-Growing)

In the India silicon carbide market, the distribution channels are predominantly dominated by direct sales, which has established itself as the largest channel due to its efficacy in providing tailored solutions to customers. Distributors and wholesalers follow, catering to a wide array of clients across different industries, while online sales have gained traction significantly in recent years. Retailers also play a crucial role, albeit with a smaller share in comparison to the aforementioned channels, facilitating access for small to medium enterprises.

Direct Sales (Dominant) vs. Online Sales (Emerging)

Direct sales in the Indian silicon carbide market are characterized by personalized service and technical support, allowing manufacturers to build strong relationships with customers. This channel provides flexibility and adaptability, crucial for various applications such as automotive and electronics. Conversely, online sales have emerged as a powerful channel, particularly appealing to tech-savvy users and younger buyers. The convenience of online shopping and the ability to compare products easily have driven this trend, supported by digital marketing initiatives that underscore the importance of silicon carbide in innovation and sustainable energy solutions.

Get more detailed insights about India Silicon Carbide Market

Key Players and Competitive Insights

The silicon carbide market in India is characterized by a dynamic competitive landscape, driven by increasing demand for high-performance materials across various sectors, including automotive, electronics, and renewable energy. Key players such as Saint-Gobain (France), Carborundum Universal Limited (India), and Cree, Inc. (US) are strategically positioned to leverage their technological expertise and extensive product portfolios. Saint-Gobain (France) focuses on innovation in advanced materials, while Carborundum Universal Limited (India) emphasizes local manufacturing capabilities to cater to regional needs. Cree, Inc. (US) is heavily investing in R&D to enhance its semiconductor solutions, which collectively shapes a competitive environment that prioritizes technological advancement and localized service delivery.

The market structure appears moderately fragmented, with several players vying for market share through various business tactics. Localizing manufacturing and optimizing supply chains are prevalent strategies among these companies, allowing them to respond swiftly to market demands and reduce operational costs. The collective influence of these key players fosters a competitive atmosphere where agility and innovation are paramount, enabling them to adapt to evolving market conditions.

In November 2025, Carborundum Universal Limited (India) announced the expansion of its manufacturing facility in Tamil Nadu, aimed at increasing production capacity for silicon carbide products. This strategic move is significant as it not only enhances the company’s ability to meet growing domestic demand but also positions it to export products to international markets, thereby strengthening its competitive edge.

In October 2025, Cree, Inc. (US) unveiled a new line of silicon carbide-based power devices designed for electric vehicles. This launch is pivotal as it aligns with the global shift towards electrification in the automotive sector, potentially capturing a substantial market share in this rapidly growing segment. The focus on sustainable technologies underscores Cree's commitment to innovation and positions it favorably against competitors.

In September 2025, Saint-Gobain (France) entered into a strategic partnership with a leading Indian automotive manufacturer to develop advanced silicon carbide components for electric vehicles. This collaboration is indicative of the increasing trend towards strategic alliances in the industry, allowing both companies to leverage each other's strengths and accelerate product development.

As of December 2025, current competitive trends in the silicon carbide market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming increasingly vital, enabling companies to pool resources and expertise to drive innovation. The competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological advancements, supply chain reliability, and sustainable practices, reflecting a broader industry shift towards value creation.

Key Companies in the India Silicon Carbide Market market include

Industry Developments

In recent months, the India Silicon Carbide Market has witnessed significant developments, particularly driven by advances in semiconductor technologies. Companies such as On Semiconductor and Infineon Technologies have ramped up their operational capabilities in India to meet the growing demand for power-efficient devices.

In August 2023, Mitsubishi Chemical announced a strategic investment to enhance its production capacity for silicon carbide components in India, reflecting a growing trend in the regional market. Moreover, in July 2023, Dow Corning expanded its R&D facilities, focusing on silicon carbide applications for electric mobility and renewable energy sectors.

Power Integrations and Cree are also leveraging partnerships to innovate silicon carbide technologies, catering to the automotive and electronics industries. Notably, SK Siltron has made strides towards increasing its market share, providing advanced materials for next-generation semiconductors.

While sector growth has been impressive, there have been no major mergers or acquisitions reported among the companies within this space in India recently. The overall valuation of the India Silicon Carbide Market is witnessing a positive trajectory, indicating increased investment and development activity that is crucial for the country’s ambitions in the semiconductor sector.

Future Outlook

India Silicon Carbide Market Future Outlook

The India silicon carbide market is projected to grow at a 4.7% CAGR from 2024 to 2035, driven by increasing demand in electronics, automotive, and renewable energy sectors.

New opportunities lie in:

  • Development of advanced silicon carbide substrates for high-performance electronics.
  • Expansion of silicon carbide applications in electric vehicle power systems.
  • Investment in R&D for innovative silicon carbide manufacturing processes.

By 2035, the India silicon carbide market is poised for robust growth and strategic advancements.

Market Segmentation

India Silicon Carbide Market Application Outlook

  • Power Electronics
  • LEDs
  • Semiconductors
  • High-Temperature Devices
  • Solar Cells

India Silicon Carbide Market Product Type Outlook

  • Wafers
  • Powders
  • Ceramics
  • Substrates
  • Grains

India Silicon Carbide Market End Use Industry Outlook

  • Automotive
  • Aerospace
  • Electronics
  • Energy
  • Telecommunications

India Silicon Carbide Market Distribution Channel Outlook

  • Direct Sales
  • Online Sales
  • Distributors
  • Retailers
  • Wholesalers

Report Scope

MARKET SIZE 202445.54(USD Million)
MARKET SIZE 202547.68(USD Million)
MARKET SIZE 203575.49(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)4.7% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledSaint-Gobain (FR), Carborundum Universal Limited (IN), Norton Abrasives (IN), Cree, Inc. (US), Dow Corning (US), Silicon Carbide Products, Inc. (US), Rohm Semiconductor (JP), II-VI Incorporated (US)
Segments CoveredApplication, End Use Industry, Product Type, Distribution Channel
Key Market OpportunitiesGrowing demand for electric vehicles drives expansion in the India silicon carbide market.
Key Market DynamicsRising demand for electric vehicles drives growth in India's silicon carbide market, enhancing semiconductor applications.
Countries CoveredIndia

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FAQs

What is the projected market size of the India Silicon Carbide Market in 2024?

The projected market size of the India Silicon Carbide Market in 2024 is valued at 68.31 million USD.

How much is the India Silicon Carbide Market expected to grow by 2035?

By 2035, the India Silicon Carbide Market is expected to reach a valuation of 238.8 million USD.

What is the expected CAGR for the India Silicon Carbide Market from 2025 to 2035?

The expected CAGR for the India Silicon Carbide Market from 2025 to 2035 is 12.05%.

What are the expected market values for Black Silicon Carbide and Green Silicon Carbide in 2024?

In 2024, Black Silicon Carbide is expected to be valued at 27.32 million USD, while Green Silicon Carbide is projected to be valued at 40.99 million USD.

What will be the market values for Black Silicon Carbide and Green Silicon Carbide in 2035?

By 2035, Black Silicon Carbide is expected to reach 95.08 million USD, and Green Silicon Carbide is projected to reach 143.72 million USD.

Which companies are considered major players in the India Silicon Carbide Market?

Some major players in the India Silicon Carbide Market include On Semiconductor, Mitsubishi Chemical, and Cree.

What are the primary applications driving the growth of the India Silicon Carbide Market?

The primary applications driving growth in the India Silicon Carbide Market include power electronics and semiconductor devices.

How has the regional demand affected the India Silicon Carbide Market?

Regional demand across India is increasing due to growing industrial applications and advancements in technology.

What challenges does the India Silicon Carbide Market face currently?

Challenges in the India Silicon Carbide Market include high manufacturing costs and the need for technological advancements.

What indicates the growth potential of the India Silicon Carbide Market in the coming years?

The anticipated CAGR of 12.05% from 2025 to 2035 indicates significant growth potential in the India Silicon Carbide Market.

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