According to Cognitive Market Research, the global Silicon Carbide Powder market size is USD 79.6 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
North America holds the major market of more than 40% of the global revenue with a market size of USD 31.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounts for a share of over 30% of the global market size of USD 23.88 million.
Asia Pacific holds the market of around 23% of the global revenue with a market size of USD 18.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America holds the market of more than 5% of the global revenue with a market size of USD 3.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa holds the major market of around 2% of the global revenue with a market size of USD 1.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The dominant category is the sintered parts segment. Silicon carbide powder is widely used as a raw material in the production of sintered parts, such as mechanical seals, bearings, and cutting tools.
