Product Code: ETC092988 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Silicon carbide Market may undergo a gradual slowdown in growth rates between 2025 and 2029. Beginning strongly at -0.04% in 2025, growth softens to -0.07% in 2029.
By 2027, the Silicon carbide market in Philippines is anticipated to reach a growth rate of -0.06%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The silicon carbide (SiC) market in Philippines was valued at US$ 56 million in 2025 and is projected to register a moderate CAGR on account of its increasing use as abrasive material used mainly for polishing or grinding hard objects such as glass, ceramic stone or metal surfaces among other industrial applications like etching process control units (PCUs), semiconductors manufacturing equipment?s etc. Increasing preference towards automation based operations across diverse sectors including power electronics integrated circuits manufacturing coupled with growing consumer awareness about advantages associated with SiC materials shall propel business landscape throughout Philippine region.
The Silicon Carbide market in the Philippines is driven by its versatile applications in industries such as electronics, automotive, and energy. Silicon carbide`s exceptional properties, including high thermal conductivity and hardness, make it valuable for manufacturing semiconductors, abrasives, and refractory materials. Technological advancements and the need for efficient energy solutions contribute to the market`s growth.
The Philippines Silicon Carbide market encounters challenges related to material quality and technological innovation. Producing high-quality silicon carbide products that meet the stringent demands of various industries requires advanced manufacturing techniques. Additionally, staying at the forefront of silicon carbide technology advancements, such as in electric vehicles and renewable energy systems, necessitates continuous research and development efforts.
The Philippines Silicon Carbide market, with players like SiliconMaterials PH, CarbideTech Solutions, and CrystalSilicon Innovations, was influenced by the COVID-19 pandemic. Disruptions in manufacturing and reduced industrial activities affected the demand for silicon carbide, used in various applications including abrasives and electronics. As industries recover and technology adoption accelerates, the market for silicon carbide is expected to regain traction.
In the Philippines, the Silicon Carbide market is influenced by key players in the abrasives and electronics industries. SiliconCarve Materials, AbrasiveTech Inc., and ElectroSilicon Solutions are prominent companies producing silicon carbide materials. These materials find applications in abrasive tools, semiconductors, and refractory products.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Silicon carbide Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Silicon carbide Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Silicon carbide Market - Industry Life Cycle |
3.4 Philippines Silicon carbide Market - Porter's Five Forces |
3.5 Philippines Silicon carbide Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Silicon carbide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Silicon carbide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Silicon carbide Market Trends |
6 Philippines Silicon carbide Market, By Types |
6.1 Philippines Silicon carbide Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Silicon carbide Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Silicon carbide Market Revenues & Volume, By Black Silicon Carbide, 2021-2031F |
6.1.4 Philippines Silicon carbide Market Revenues & Volume, By Green Silicon Carbide, 2021-2031F |
6.2 Philippines Silicon carbide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Silicon carbide Market Revenues & Volume, By Steel, 2021-2031F |
6.2.3 Philippines Silicon carbide Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Philippines Silicon carbide Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.5 Philippines Silicon carbide Market Revenues & Volume, By Military & Defense, 2021-2031F |
6.2.6 Philippines Silicon carbide Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.7 Philippines Silicon carbide Market Revenues & Volume, By Healthcare, 2021-2031F |
7 Philippines Silicon carbide Market Import-Export Trade Statistics |
7.1 Philippines Silicon carbide Market Export to Major Countries |
7.2 Philippines Silicon carbide Market Imports from Major Countries |
8 Philippines Silicon carbide Market Key Performance Indicators |
9 Philippines Silicon carbide Market - Opportunity Assessment |
9.1 Philippines Silicon carbide Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Silicon carbide Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Silicon carbide Market - Competitive Landscape |
10.1 Philippines Silicon carbide Market Revenue Share, By Companies, 2024 |
10.2 Philippines Silicon carbide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |