Aluminum Silicon Carbide Material Market Size, Share, Growth, And Industry Analysis By Type (SiC Volume Fraction 5%-30%, SiC Volume Fraction 35%-50%, SiC Volume Fraction 55%-70%) By Application (Travel, Business, Other), Regional Insights, and Forecast From 2024 To 2031

Aluminum Silicon Carbide Material Market Report Overview

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The global aluminum silicon carbide material market size was USD 1089 million in 2022 and is expected to reach USD 5759.82 million in 2031, at a CAGR of 18.1% during the forecast period.

The substance that incorporates silicon carbide in the aluminium alloy matrix is known as aluminium silicon carbide (AlSiC). The type of metal reinforced with an organic substance is known as metal matrix composite. Reinforcement causes a material's thermal stability, and reactivity to various external circumstances causes a material's qualities to improve. When compared to other alloys or composites like copper-molybdenum (CuMo) and copper-tungsten (CuW) alloys, AlSiC is a sort of metal matrix composite (MMC) that has evolved as a new class of material. AlSiC has a low coefficient of thermal expansion and excellent thermal conductivity. AlSiC has special material characteristics that contribute to its value in electronic applications.

AlSiC is a popular material for weight-sensitive applications like space travel, portable electronics, and air travel due to its low material density. Due to its great qualities, including its resilience to the environment, light weight, good mechanical properties, low thermal expansion, excellent mechanical damping, and high thermal conductivity, AlSiC is widely employed. Additionally, because of its relatively lower price compared to other metal goods, it is employed in a variety of sectors, including aerospace, electrical & electronics, and automotive & transportation.

Cost-effective processing methods are being developed in response to the growing need for microelectronics and electronic packaging materials and systems for heat management, functionality, and weight requirements.

COVID-19 Impact: COVID-19 has Hampered The Supply Chain Hence Rendered Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with Aluminum Silicon Carbide Material Market experiencing lower-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.

The most recent WHO statistics, which were updated in June 2021, show that 3,840,223 deaths and 177,108,695 confirmed cases have been reported globally. Lockdowns, travel restrictions, and business closures have all contributed to the disease's impact on the economics and industries of numerous nations. Serious interruptions in the chemicals and materials sector include office closures, technology event cancellations, and supply chain failures. The global supply chain has been hampered by the closure of numerous plants and factories in North America, Europe, Asia Pacific, South America, the Middle East, and Africa. This has also caused disruptions in manufacturing, delivery schedules, and sales. Additionally, a number of businesses have already hinted at potential delays in product deliveries and a decline in future sales of their goods. Additionally, the worldwide travel restrictions put in place by nations in Europe, Asia, and North America are having an impact on commercial partnerships and cooperation. These circumstances limit the expansion of a number of markets associated to the chemicals and materials sector. The performance of the silicon carbide market during the pandemic has also been impacted by the lack of production and restrictions on transportation infrastructure.

Latest Trends

"Low Cost And High Benefits Qualities Leading Market Expansion"

Functional package designs are produced as a result of the superior AlSiC material qualities, contemporaneous integration, and net-shape fabrication. These factors also enable cost-effective manufacturing and high-performance heat management. By eliminating the need for later soldering and brazing and fabricating materials and package geometry without finish machining and concurrent integration, net-shape lowers the cost of overall packaging.

Aluminum Silicon Carbide Material Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into SiC Volume Fraction 5%-30%, SiC Volume Fraction 35%-50%, SiC Volume Fraction 55%-70%. SiC Volume Fraction 5%-30% is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Semiconductor, Aerospace and Military, Rail Transit and Automotive, 5G, Other. Semiconductor will be the dominating segment.

Driving Factors

"Numerous Uses Will Drive Silicon Carbide Market Growth"

Because of its physical hardness, silicon carbide, a crystalline compound of silicon and carbon, is suited for a variety of procedures including honing, water jet cutting, grinding, and sandblasting. Due to its resistance to high temperatures, it is often utilized to make the brake discs for sports automobiles. Due to this characteristic, it has also been adopted by the aerospace and defense sectors, notably in bulletproof clothing and pump shaft sealing. As a component of pumps used to drill for and extract oil, silicon carbide is also employed in oilfield applications. The main reason silicon carbide is utilized so frequently in oilfield applications is because of its high surface hardness. Due to their distinctive electrical characteristics, they are also utilized in power production applications. Metal-oxide-semiconductor field-effect transistors (MOSFETs), light-emitting diodes (LEDs), and thyristors are all made using silicon carbide. Silicon carbide is a special substance that is employed in the steel industry and works as fuel when dissolved in the basic oxygen furnace (BOF) steelmaking process. In order to boost the scrap-to-hot-metal ratio, it offers more energy than ferrosilicon. The principal application of metallurgical grade silicon carbide in foundries is for the electric furnace production of grey, ductile, and malleable iron. Other applications for this semiconductor include solar energy systems, nuclear power plants, and astronomical observatories. These elements are anticipated to support the market expansion for silicon carbide.

Restraining Factors

"Harmful Effects Of Silicon Carbide Restricting Market Growth"

The negative effects of aluminum-silicon carbide, however, are restricting market growth. The effects of silicon carbide on the body when breathed in. Humans can be harmed by breathing silicon carbide in. On touch, silicon carbide can irritate the eyes and nose, but prolonged high exposure can lead to pneumoconiosis, a chronic lung disease that manifests as anomalies on chest x-rays and a decline in pulmonary function.

Aluminum Silicon Carbide Material Market Regional Insights

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"Asia Pacific Region Will Hold The Largest Segment"

In 2019, the biggest market share for silicon carbide was held by Asia Pacific. The region's need for silicon carbide has increased as a result of the expansion of the industrial industry. In the past ten years, manufacturing spending in the Asia-Pacific region has dramatically expanded, particularly in developing nations like China and India. A good regulatory environment, affordable labour, and cheap operating costs have also encouraged numerous significant multinational manufacturers to locate their operational units in the area. The automobile, electronics & semiconductor, and medical industries all use silicon carbide.

Key Industry Players

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

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP ALUMINUM SILICON CARBIDE MATERIAL COMPANIES

• Denka (Japan)
• CPS Technologies (U.S.)
• Materion (U.S.)
• DWA Aluminum Composites (U.S.)
• Ametek Specially Metal Products (U.S.)
• Japan Fine Ceramics (Japan)
• Sumitomo Electric (Japan)
• Ferrotec (Japan)
• Ceramtec (Germany)
• Advanced Cooling Technologies (Pennsylvania)
• Thermal Transfer Composites (U.S.)
• Hunan Harvest (China)
• Beijing Baohang Advanced Materials (Beijing)
• Minco Xi'an Microelectronics Materials (China)
• Hunan Everrich Composite (China)
• Fadi Technology (France)
• Suzhou Han Qi Aviation Technology (China)
• Hunan Wenchang New Material Technology (China)
• Jilin Nstar Metallic Materials (China)
• Anhui Xiangbang Composite Materials (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.