According to a recent market study published by Growth Market Reports titled, “Global Aluminum Silicon Carbide (AlSiC) Market By composition, production process, application, and region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 63,419.5 thousand in 2019 and is expected to grow at a healthy growth rate of 7.2% by the year 2027. In terms of volume, the market is estimated to grow at 5.6% during the forecast period. The global aluminum silicon carbide (AlSiC) market is anticipated to grow owing to cost-effective manufacturing of AlSiC electronic packages, Increasing use of AlSiC across various industries, and the beneficial properties of aluminium silicon carbide composites.

The global aluminum silicon carbide (AlSiC) market is fragmented based on composition, production process, application, and region. Based on composition, the aluminum silicon carbide (AlSiC) market has been segmented into Al70/SiC30, Al50/SiC50, Al40/SiC60, Al60/SiC40, and others. By production process, the global aluminum silicon carbide (AlSiC) market has been categorized into liquid metal infiltration, powder metallurgy, casting, and deposition techniques. By application, the aluminum silicon carbide (AlSiC) market has been segmented into aerospace & defense, automotive, machined components, electronics & semiconductors, and others. Based on region, the global aluminum silicon carbide (AlSiC) market is classified into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (LAMEA). North America region is further bifurcated into countries such as U.S., and Canada. Europe is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, Asia Pacific is further segmented into China, South Korea, Japan, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America is further segmented into Brazil, Mexico, and Rest of Latin America. Middle East & Africa is categorized into Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa.

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In 2020, the sales of aluminum silicon carbide (AlSiC) has decreased as compared to that in the year 2019. The COVID-19 outbreak has hampered various businesses around the world. Many countries announced strict lockdown due to the outbreak, which in turn, disrupted the supply chain of various industries. The supply chain of AlSiC had an impeded owing to these measures, thus temporarily shutting down of industries, thus affecting the overall production process.

As per Growth Market Reports industry analyst Partha Paul, “The Global Aluminum Silicon Carbide (AlSiC) Market is anticipated to witness significant growth during forecast period 2020-2027 driven by the increasing demand for aluminum silicon carbide across various end-user industries. The cost-effective manufacturing of aluminum silicon carbide is expected to increase the production of AlSiC across the globe. Moreover, the properties of aluminum silicon carbide such as light weight, corrosion resistance and wear resistance are expected to increase the demand for aluminum silicon carbide during the forecast period. Furthermore, thermal properties of aluminum silicon carbide is expected to increase its usage for electronic and optoelectronic packaging.

Key Takeaways from the Study:

  • The companies such as Alvant Ltd, CPS Technologies Corp., and Thermal Transfer Composites, LLC held approximately one fifth of the market share of global aluminum silicon carbide (AlSiC) market in year 2019.
  • North America accounts for a major share of the market, followed by Asia Pacific. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period.
  • The powder metallurgy segment is anticipated to expand at the highest CAGR during the forecast period. It has become a widely accepted method over the last decade as it produces high-quality parts for various applications. This process enables shape complexity, material utilization, and net shaping dimension control. These, in turn, increase sustainability, creating powder metallurgy a recognized green technology.
  • The automotive segment is anticipated to expand at a substantial CAGR during the forecast period. The growth is attributed to the benefits of aluminum silicon carbide in reducing the environmental emissions and improving the performance of the vehicle.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 63,419.5 Thousand

Market Growth Rate (from 2020 to 2027)

7.2%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (USD Thousand) & Volume (Metric Tons)

Market Segments

Composition, Production Process, and Application

Regional Scope

North America, Europe, Asia Pacific, Latin America and Middle East & Africa (LAMEA)

Country Scope

U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, Japan, India, Australia, South Korea, South East Asia, Brazil, Mexico, Saudi Arabia, South Africa, UAE

Key Companies Profiled

Denka Company Limited, Ferrotec (USA) Corporation, Materion Corporation, Alvant Ltd, CPS Technologies Corp., DWA Aluminum Composites USA, Inc., Thermal Transfer Composites, LLC, MC-21, Inc., Tateho Chemical Industries Co., Ltd., O'Fallon, Hunan Harvest Technology Development Co., LTD
Sumitomo Electric U.S.A., Inc., AMETEK Inc., Nanoshel LLC, JAPAN FINE CERAMICS CO., LTD.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Aluminum silicon carbide (AlSiC) manufacturers, raw material suppliers, primary respondents, and distributors.
  • Demand Side: Companies operating in the industries such as automotive, aerospace & defense, electronics & semiconductors, etc.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: ASM International, Aerospace Industries Association, European Materials Research Society, Materials Research Society (MRS), Automotive Research Association of India