Segments - 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) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Segments - 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) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Aluminum Silicon Carbide (AlSiC) Market Outlook 2031
The Global Aluminum Silicon Carbide (AlSiC) market was valued at USD 78.10 Billion in 2022 and is projected to reach USD 146.02 Billion by 2031, expanding at a CAGR of 7.2% during the forecast period, 2023-2031. 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.
Aluminum Silicon Carbide (AlSiC) 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 thealuminum 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.
Scope of The Aluminum Silicon Carbide (AlSiC) Market Report
The report on the aluminum silicon carbide (AlSiC) market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
Details
Report Title
Aluminum Silicon Carbide (AlSiC) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year
2022
Historic Data
2016–2021
Forecast Period
2023–2031
Segmentation
Composition (Al70/SiC30, Al60/SiC40, Al50/SiC50, Al40/SiC60, Others) Production Process (Liquid Metal Infiltration, Powder Metallurgy, Casting, Deposition Techniques) Application (Aerospace & Defense, Automotive, Machined Components, Electronics & Semiconductors, Others)
Regional Scope
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered 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.,
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.
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.
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.
Aluminum Silicon Carbide (AlSiC) Market 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.
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
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).
Video Summary for Aluminum Silicon Carbide (AlSiC) Market
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.
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Major Manufactures include Denka Company Limited, CPS Technologies Corp., Ferrotec (USA) Corporation, Materion Corporation, and DWA Aluminum Composites USA, Inc. among others.
The companies operating in the aerospace & defense, automotive, machined components, electronics & semiconductors industry are the key end users driving the market growth.
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 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.
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.
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.
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