SIC Coated Graphite Market Size, Share, Growth, And Industry Analysis by Type (Susceptors and Others) By Application (Susceptor for Silicon Epitaxial Growth, Single Crystal Silicon, MOCVD Susceptors, and Heaters & Heat Spreaders), Regional Insights, and Forecast From 2023 To 2031

Updated On: 13 November 2023

SIC Coated Graphite Market Report Overview

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The global SIC coated graphite market size is expected to grow from USD 246.9 Million in 2021 to USD 522.64 Million by 2031, at a compound annual growth rate (CAGR) of 7.8% from 2021 to 2031.

 SIC coated graphite is a product made using a unique Chemical Vapor Deposition (CVD) process to cover the surface of highly pure isotropic graphite with a thin layer of silicon carbide. Excellent chemical, corrosion, and oxidation resistance are all characteristics of the silicon carbide layer. The silicon carbide layer is highly hard and stable at high temperatures. It prevents the discharge of gas and contaminants from the graphite substrate as well as the separating and scattering of graphite particles.

The silicon carbide layer and graphite substrate are both extremely pure materials. High thermal conductivity and efficient heat dispersion characteristics can be found in both the silicon carbide layer and the graphite substrate. The material is made to prevent cracking and delamination. The advantages of traditional SIC coatings, such as their particular resistance to thermal, chemical, and mechanical stress, are combined with greater stability under thermoshock and cyclic loads in a SIC gradient coating. This is made possible by the graphite base material and SIC coating's interlocking structure.

COVID-19 Impact: Halt of Operations to Impede Growth

The COVID-19 pandemic has disrupted all areas of business and production. The lockdowns which were imposed halted production activities of SIC coated graphite. The major manufacturers and users of SIC coated graphite, North America, and the Asia Pacific suffered enormously due to COVID-19, whether in terms of the number of people infected or the regression of the economy. The supply chain was completely disrupted and exports and imports were harder to manage. This led to reduced usage of SIC coated graphite in other parts of the world as well. Industrial activities were halted in many parts of the world so the production levels had considerably reduced in many areas. Factories are one of the major consumers of SIC coated graphite. This reduced production level affected the SIC coated graphite market significantly.

Latest Trends

"Change in Lifestyle to Improve Growth"

SIC coated graphite is used to make susceptors. These susceptors are used in the production of microwaves. The demand for microwaves is increasing rapidly. This is because now-a-days almost all the members of the family work. There is little or no time to do any cooking. People are shifting to readymade food, which can be quickly heated up in the microwave and be consumed. This is going to increase the demand for microwaves by households. As the demand for microwave ovens increases, the demand for susceptors will also increase. The major application of SIC coated graphite is susceptors. The market for SIC  coated graphite is going to expand because of the same.

SIC Coated Graphite Market Segmentation

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• By Type Analysis

According to type, the SIC coated graphite market can be segmented into susceptors and others. Susceptors hold the majority of the SIC coated graphite market share.

• By Application Analysis

Based on application, the SIC coated graphite market can be bifurcated into susceptor for silicon epitaxial growth, single crystal silicon, MOCVD susceptors and heaters & heat spreaders. Susceptor for silicon epitaxial growth dominated the SIC coated graphite market.

Driving Factors

"Environmental-Friendliness of Microwaves to Increase Demand"

The development of products with cutting-edge features is a key priority for market players in microwave ovens. As a result, they are allocating substantial sums of money for R&D projects. Additionally, a number of market businesses are focusing on producing microwave ovens that are both user- and environmentally friendly. According to a TMR evaluation, these initiatives are encouraging the market for microwave ovens to grow. People are more conscious of environmental protection now. As the demand for safe microwaves increases, the demand for SIC coated graphite will also increase.

"Healthy Cooking Alternatives Provided by Microwaves to Stimulate Demand"

People are becoming more inclined to use multi-functional microwave ovens, which can aid in oil-free cooking, as a result of growing awareness of the negative effects of consuming fatty foods. In turn, this is generating lucrative opportunities for microwave oven producers all around the world. Given these consumer trends, numerous reputable foodservice establishments throughout the world are substituting multifunctional microwave ovens for their conventional ovens and pressure cookers. The market for microwave ovens worldwide is being driven by this factor. As the market for microwaves increases, the SIC coated graphite market size will also expand.

Restraining Factors

"North America to Dominate owing to Robust Industrial Development "

North America is the biggest consumer of SIC coated graphite. The region has a high number of households that use microwaves. As industrial development further improves, the demand for SIC coated graphite will also increase. The Asia Pacific follows North America in terms of the consumption of SIC coated graphite. The Asia Pacific region has a huge number of manufacturing plants and factories that make SIC coated graphite. The growing population in this region will constitute a major part in the SIC coated graphite market share.

"Adverse Effects of Heating Plastic to Challenge Growth"

Although we frequently microwave food in plastic wrap and containers, several scientists caution against doing so. These plastic additives can degrade and seep into food when heated. One of the most widely used plasticizers, phthalates are added to plastic to make it more flexible and are frequently found in takeout containers, plastic wrap, and water bottles. They have been discovered to interfere with our metabolic system and hormones. Phthalates can increase insulin resistance and blood pressure in kids, which can raise their risk of metabolic diseases including diabetes and hypertension. Asthma, ADHD, and problems with fertility have all been connected to exposure. Many people associate these harmful effects to be caused by microwave radiation. This is affecting the microwave market and subsequently the SIC coated graphite market.

SIC Coated Graphite Market Regional Insights

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"North America to Dominate owing to Robust Industrial Development "

North America is the biggest consumer of SIC coated graphite. The region has a high number of households that use microwaves. As industrial development further improves, the demand for SIC coated graphite will also increase. The Asia Pacific follows North America in terms of the consumption of SIC coated graphite. The Asia Pacific region has a huge number of manufacturing plants and factories that make SIC coated graphite. The growing population in this region will constitute a major part in the SIC coated graphite market share.

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 Market Players Profiled

• Toyo Tanso (Japan)
• SGL Carbon (Germany)
• Tokai Carbon (Japan)
• Bay Carbon (U.S.)
• Mersen (France)
• CoorsTek (U.S.)

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, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.