Aluminum Silicon Carbide (AlSiC) Market

Global Aluminum Silicon Carbide (AlSiC) Market By Composition (Al70/SiC30, Al60/SiC40, Al50/SiC50, Al40/SiC60, Others), By Production Process (Liquid Metal Infiltration, Powder Metallurgy, Casting, Deposition Techniques), By Application (Aerospace & Defense, Automotive, Machined Components, Electronics & Semiconductors, Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

  • Report ID: MC-167
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 5
  • No. Of Pages: 247
  • Format:
  • Pub. Date: 05-01-2021
  • Share:

Market Outlook:

The Global Aluminum Silicon Carbide (AlSiC) market was valued at USD 63,419.5 thousand in 2019 and is projected to reach USD 100,444.7 thousand by 2027, expanding at a CAGR of 7.2% during the forecast period. In terms of volume, the market is projected to expand at a CAGR of 5.6% during the forecast period. AlSiC (Aluminum Silicon Carbide) is a compound material which combines silicon carbide elements in an aluminum alloy matrix. AlSiC has high thermal conductivity, lightweight, and controlled thermal expansion. It offers superior thermal management for high technology electronic applications in a cost-effective, lightweight materials. AlSiC is widely used in microelectronics as a substrate for high-density multi-chip modules and power semiconductor devices, where it helps eliminate waste heat. The low material density of AlSiC makes it preferred choice for weight-sensitive applications such as space-borne, portable devices, and airborne. AlSiC is widely used owing to its superior properties such as environmental resistance, lightweight, superior mechanical properties, low thermal expansion, excellent mechanical damping, and high thermal conductivity. Moreover, its cost is comparatively lower than other metal products, and thus it is used in various industries such as aerospace, electrical & electronics, and automotive & transportation.

Global Aluminum Silicon Carbide (AlSiC) Market Key Takeaways

Market Dynamics
The supreme AlSiC material properties along with concurrent integration and net-shape fabrication possess cost-effective manufacturing and it offers high-performance thermal management, resulting in functional packaging designs. Net-shape is the ability to fabricate materials and package geometry without finish machining and concurrent integration that excludes the requirement for subsequent soldering and brazing, which decreases the total packaging cost. Increasing demand for microelectronics and electronic packaging material and system for thermal management, functionality, and weight requirements is resulting in cost-effective solutions for processing technologies to provide high-performance packaging.

Rising demand for AlSiC in aerospace application due to the increasing demand for airplanes and passenger traffic is driving the global market. AlSiC is used for producing aerospace parts such as airplane wings, as the material has outstanding property and is lighter in weight than aluminum alloy. Thus, aluminum alloy is replaced with AlSiC. In the defense and military sector, AlSiC properties such as lightweight, superior mechanical capabilities, low thermal expansion, and environmental resistance make it a preferred material for manufacturing defense and military vehicles, armor, and aircraft body. This, in turn, is driving the market. Furthermore, AlSiC has high thermal conductivity; therefore, its demand is high from the electronics industry, thus propelling the growth of the market.

AlSiC has lower density than traditional metal components, which makes it a suitable material for convenient electronics such as space-based applications and laptops. Additionally, its thermal properties increase its usage for optoelectronic and electronic application packaging. AlSiC packaging is produced at a lower price than the traditional packaging material, and thus the former is expected to replace the latter, thereby creating lucrative opportunities in the aluminum silicon carbide (AlSiC) market.

High processing costs of the methods (excluding casting), technological difficulties regarding the machining of composites after preparation, and availability of low-cost reinforcement are expected to restraint the global aluminum silicon carbide (AlSiC) market.

Segmental Outlook

By composition, the aluminum silicon carbide (AlSiC) market has been segmented into Al70/SiC30, Al50/SiC50, Al40/SiC60, Al60/SiC40, and others. The Al60/SiC40 segment is expected to hold a significant share of the market and is projected to expand at a considerable CAGR during the forecast period. AlSiC is used as an advanced packaging material for high technology thermal management. It is compatible with a wide range of metallic and ceramic substrate and plating materials used in microelectronic packaging for aerospace, automotive, microwave applications.

Global Aluminum Silicon Carbide (AlSiC) Market By Composition

By production process, the aluminum silicon carbide (AlSiC) market has been segmented into liquid metal infiltration, powder metallurgy, casting, and deposition techniques. The casting segment is expected to constitute a substantial share of the market and is anticipated to expand at a considerable CAGR during the forecast period. Casting is a widely accepted process for the production of AlSiC, as it offers several advantages and is a cost-effective process. Moreover, replacement of old production techniques with new technologies for the production of AlSiC is expected to create lucrative opportunities in the market.

Global Aluminum Silicon Carbide (AlSiC) Market By Production Process

By application, the aluminum silicon carbide (AlSiC) market has been segmented into aerospace & defense, automotive, machined components, electronics & semiconductors, and others. The electronics & semiconductors segment is expected to hold considerable share of the market and is projected to expand at a high CAGR during the forecast period, owing to the increasing application of AlSiC in electronic packaging. This, in turn, is propelling the electronics & semiconductors segment. Moreover, increasing demand for electronic and microelectronics packaging systems and materials due to its properties such as less weight, and high thermal management. These requirements have encouraged the growth of processing technologies and new materials to offer cost-effective high performance packaging solutions. AlSiC composite packages offer unique material properties that are ideally suitable for the above-mentioned requirements.

Regional Outlook

In terms of regions, the global aluminum silicon carbide (AlSiC)s market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for highest share of the market and is projected to expand at a considerable CAGR during the forecast period. Rising application of AlSiC in the electronic & semiconductor industry and the aerospace industry is expected to propel the market in the region. The market in Asia Pacific is anticipated to expand at highest CAGR during the forecast period, owing to the presence of players in the region. Moreover, rising demand for AlSiC in various industries such as aerospace & defense, electronics, machine components, and automotive is expected to boost the market in the region.

Global Aluminum Silicon Carbide (AlSiC) Market By Region

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Aluminum Silicon Carbide (AlSiC) Market
  • Historical, Current and Projected Market Size in terms of Value and Volume (Metric Tons)
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Aluminum Silicon Carbide (AlSiC) Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aluminum Silicon Carbide (AlSiC) Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Aluminum Silicon Carbide (AlSiC) Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Aluminum Silicon Carbide (AlSiC) Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Aluminum Silicon Carbide (AlSiC) Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Aluminum Silicon Carbide (AlSiC) Market Size & Forecast, 2017-2027
      4.5.1 Aluminum Silicon Carbide (AlSiC) Market Size and Y-o-Y Growth
      4.5.2 Aluminum Silicon Carbide (AlSiC) Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, 2017-2027
   4.7 Global Metal Matrix Composite Industry Overview, 2019
   4.8 Development of Cost-Effective Manufacturing Processes for Aluminum Silicon Carbide (AlSiC)
Chapter 5 Global Aluminum Silicon Carbide (AlSiC) Market Analysis and Forecast By Composition
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Composition
      5.1.2 Basis Point Share (BPS) Analysis By Composition
      5.1.3 Absolute $ Opportunity Assessment By Composition
   5.2 Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Composition
      5.2.1 Al70/SiC30
      5.2.2 Al60/SiC40
      5.2.3 Al50/SiC50
      5.2.4 Al40/SiC60
      5.2.5 Others
   5.3 Market Attractiveness Analysis By Composition
Chapter 6 Global Aluminum Silicon Carbide (AlSiC) Market Analysis and Forecast By Production Process
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Production Process
      6.1.2 Basis Point Share (BPS) Analysis By Production Process
      6.1.3 Absolute $ Opportunity Assessment By Production Process
   6.2 Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Production Process
      6.2.1 Liquid Metal Infiltration
      6.2.2 Powder Metallurgy
      6.2.3 Casting
      6.2.4 Deposition Techniques
   6.3 Market Attractiveness Analysis By Production Process
Chapter 7 Global Aluminum Silicon Carbide (AlSiC) Market Analysis and Forecast By Application
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Application
      7.1.2 Basis Point Share (BPS) Analysis By Application
      7.1.3 Absolute $ Opportunity Assessment By Application
   7.2 Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Application
      7.2.1 Aerospace & Defense
      7.2.2 Automotive
      7.2.3 Machined Components
      7.2.4 Electronics & Semiconductors
      7.2.5 Others
   7.3 Market Attractiveness Analysis By Application
Chapter 8 Global Aluminum Silicon Carbide (AlSiC) Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Aluminum Silicon Carbide (AlSiC) Analysis and Forecast
   10.1 Introduction
   10.2 North America Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Composition
      10.6.1 Al70/SiC30
      10.6.2 Al60/SiC40
      10.6.3 Al50/SiC50
      10.6.4 Al40/SiC60
      10.6.5 Others
   10.7 Basis Point Share (BPS) Analysis By Composition
   10.8 Absolute $ Opportunity Assessment By Composition
   10.9 Market Attractiveness Analysis By Composition
   10.10 North America Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Production Process
      10.10.1 Liquid Metal Infiltration
      10.10.2 Powder Metallurgy
      10.10.3 Casting
      10.10.4 Deposition Techniques
   10.11 Basis Point Share (BPS) Analysis By Production Process
   10.12 Absolute $ Opportunity Assessment By Production Process
   10.13 Market Attractiveness Analysis By Production Process
   10.14 North America Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Application
      10.14.1 Aerospace & Defense
      10.14.2 Automotive
      10.14.3 Machined Components
      10.14.4 Electronics & Semiconductors
      10.14.5 Others
   10.15 Basis Point Share (BPS) Analysis By Application
   10.16 Absolute $ Opportunity Assessment By Application
   10.17 Market Attractiveness Analysis By Application
Chapter 11 Europe Aluminum Silicon Carbide (AlSiC) Analysis and Forecast
   11.1 Introduction
   11.2 Europe Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Composition
      11.6.1 Al70/SiC30
      11.6.2 Al60/SiC40
      11.6.3 Al50/SiC50
      11.6.4 Al40/SiC60
      11.6.5 Others
   11.7 Basis Point Share (BPS) Analysis By Composition
   11.8 Absolute $ Opportunity Assessment By Composition
   11.9 Market Attractiveness Analysis By Composition
   11.10 Europe Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Production Process
      11.10.1 Liquid Metal Infiltration
      11.10.2 Powder Metallurgy
      11.10.3 Casting
      11.10.4 Deposition Techniques
   11.11 Basis Point Share (BPS) Analysis By Production Process
   11.12 Absolute $ Opportunity Assessment By Production Process
   11.13 Market Attractiveness Analysis By Production Process
   11.14 Europe Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Application
      11.14.1 Aerospace & Defense
      11.14.2 Automotive
      11.14.3 Machined Components
      11.14.4 Electronics & Semiconductors
      11.14.5 Others
   11.15 Basis Point Share (BPS) Analysis By Application
   11.16 Absolute $ Opportunity Assessment By Application
   11.17 Market Attractiveness Analysis By Application
Chapter 12 Asia Pacific Aluminum Silicon Carbide (AlSiC) Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Composition
      12.6.1 Al70/SiC30
      12.6.2 Al60/SiC40
      12.6.3 Al50/SiC50
      12.6.4 Al40/SiC60
      12.6.5 Others
   12.7 Basis Point Share (BPS) Analysis By Composition
   12.8 Absolute $ Opportunity Assessment By Composition
   12.9 Market Attractiveness Analysis By Composition
   12.10 Asia Pacific Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Production Process
      12.10.1 Liquid Metal Infiltration
      12.10.2 Powder Metallurgy
      12.10.3 Casting
      12.10.4 Deposition Techniques
   12.11 Basis Point Share (BPS) Analysis By Production Process
   12.12 Absolute $ Opportunity Assessment By Production Process
   12.13 Market Attractiveness Analysis By Production Process
   12.14 Asia Pacific Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Application
      12.14.1 Aerospace & Defense
      12.14.2 Automotive
      12.14.3 Machined Components
      12.14.4 Electronics & Semiconductors
      12.14.5 Others
   12.15 Basis Point Share (BPS) Analysis By Application
   12.16 Absolute $ Opportunity Assessment By Application
   12.17 Market Attractiveness Analysis By Application
Chapter 13 Latin America Aluminum Silicon Carbide (AlSiC) Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Composition
      13.6.1 Al70/SiC30
      13.6.2 Al60/SiC40
      13.6.3 Al50/SiC50
      13.6.4 Al40/SiC60
      13.6.5 Others
   13.7 Basis Point Share (BPS) Analysis By Composition
   13.8 Absolute $ Opportunity Assessment By Composition
   13.9 Market Attractiveness Analysis By Composition
   13.10 Latin America Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Production Process
      13.10.1 Liquid Metal Infiltration
      13.10.2 Powder Metallurgy
      13.10.3 Casting
      13.10.4 Deposition Techniques
   13.11 Basis Point Share (BPS) Analysis By Production Process
   13.12 Absolute $ Opportunity Assessment By Production Process
   13.13 Market Attractiveness Analysis By Production Process
   13.14 Latin America Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Application
      13.14.1 Aerospace & Defense
      13.14.2 Automotive
      13.14.3 Machined Components
      13.14.4 Electronics & Semiconductors
      13.14.5 Others
   13.15 Basis Point Share (BPS) Analysis By Application
   13.16 Absolute $ Opportunity Assessment By Application
   13.17 Market Attractiveness Analysis By Application
Chapter 14 Middle East & Africa (MEA) Aluminum Silicon Carbide (AlSiC) Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Composition
      14.6.1 Al70/SiC30
      14.6.2 Al60/SiC40
      14.6.3 Al50/SiC50
      14.6.4 Al40/SiC60
      14.6.5 Others
   14.7 Basis Point Share (BPS) Analysis By Composition
   14.8 Absolute $ Opportunity Assessment By Composition
   14.9 Market Attractiveness Analysis By Composition
   14.10 Middle East & Africa (MEA) Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Production Process
      14.10.1 Liquid Metal Infiltration
      14.10.2 Powder Metallurgy
      14.10.3 Casting
      14.10.4 Deposition Techniques
   14.11 Basis Point Share (BPS) Analysis By Production Process
   14.12 Absolute $ Opportunity Assessment By Production Process
   14.13 Market Attractiveness Analysis By Production Process
   14.14 Middle East & Africa (MEA) Aluminum Silicon Carbide (AlSiC) Market Size & Volume Forecast By Application
      14.14.1 Aerospace & Defense
      14.14.2 Automotive
      14.14.3 Machined Components
      14.14.4 Electronics & Semiconductors
      14.14.5 Others
   14.15 Basis Point Share (BPS) Analysis By Application
   14.16 Absolute $ Opportunity Assessment By Application
   14.17 Market Attractiveness Analysis By Application
Chapter 15 Competition Landscape
   15.1 Aluminum Silicon Carbide (AlSiC) Market: Competitive Dashboard
   15.2 Global Aluminum Silicon Carbide (AlSiC) Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Denka Company Limited
      15.3.2 Ferrotec (USA) Corporation
      15.3.3 Materion Corporation
      15.3.4 Alvant Ltd
      15.3.5 CPS Technologies Corp.
      15.3.6 DWA Aluminum Composites USA, Inc.
      15.3.7 Thermal Transfer Composites, LLC
      15.3.8 MC-21, Inc.
      15.3.9 Tateho Chemical Industries Co., Ltd. 
      15.3.10 O'Fallon
      15.3.11 Hunan Harvest Technology Development Co., LTD
      15.3.12 Sumitomo Electric U.S.A., Inc.
      15.3.13 AMETEK Inc.
      15.3.14 Nanoshel LLC
      15.3.15 JAPAN FINE CERAMICS CO.,LTD.
Key Segments Covered
By Composition
  • Al70/SiC30
  • Al60/SiC40
  • Al50/SiC50
  • Al40/SiC60
  • Others
By Production Process
  • Liquid Metal Infiltration
  • Powder Metallurgy
  • Casting
  • Deposition Techniques
By Application
  • Aerospace & Defense
  • Automotive
  • Machined Components
  • Electronics & Semiconductors
  • Others
By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa

Key Market Players Profiled in the Report
  • 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.
  • Key players in the market include Denka Company Limited, CPS Technologies Corp., Ferrotec (USA) Corporation, Materion Corporation, and DWA Aluminum Composites USA, Inc. among others. These companies are considered as key manufacturers of aluminum silicon carbide (AlSiC) based on their revenue, research & development (R&D) activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as merger, acquisition, and geographical expansion in order to strengthen their market position.
  • For instance, in December 2020, Ferrotec (USA) Corporation acquired MeiVac, Inc., which provides high-quality thin-film manufacturing systems, components, and process solutions.
  • On October 9, 2018, Materion Corporation received the approval for AMS4369 specification for SupremEX 225XF metal matrix composite (MMC) and AMS4379 for SupremEX 225XE MMC from the Society of Automotive Engineers - Aerospace Material Specification Nonferrous Alloys Committee (SAE-AMS).

Global Aluminum Silicon Carbide (AlSiC) Market By Key Players

Buy Report

FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers product specific information such as liquid metal infiltration, powder, metallurgy, casting, and deposition techniques.

According to the Growth Market Reports report, the market from aluminum silicon carbide (AlSiC) is likely to register a CAGR of 7.2% during forecast period 2020-2027, with an anticipated valuation of USD 100,444.73 thousand by the end of the 2027.

The global aluminum silicon carbide (AlSiC) market report provides the additional data such as overview of metal matrix composites market and information related to the development of cost-effective manufacturing processes for aluminum silicon carbide.

The market is driven by factors such as affordable production of aluminum silicon carbide electronic packages, rising use of aluminum silicon carbide for various applications, and beneficial properties of AlSiC material.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness a decline of 2.1% in 2020 as compared to 2019 owing to the negative impact of COVID-19.

The base year considered for the global aluminum silicon carbide (AlSiC) market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

The companies operating in the aerospace & defense, automotive, machined components, electronics & semiconductors industry are the key end users driving the market growth.

Major Manufactures include Denka Company Limited, CPS Technologies Corp., Ferrotec (USA) Corporation, Materion Corporation, and DWA Aluminum Composites USA, Inc. among others.