The forecast for Silicon Carbide consumption in the US shows a declining trend from 2024 to 2028, starting at 14.31 thousand metric tons in 2024 and reducing to 11.46 thousand metric tons by 2028. The comparison with 2023, where figures stood slightly higher, highlights a consistent decrease over these years.
Year-on-year, the consumption decreases are as follows: -5.17% from 2024 to 2025, -5.30% from 2025 to 2026, -5.46% from 2026 to 2027, and -5.68% from 2027 to 2028. The compound annual growth rate (CAGR) over this forecast period suggests an average decrease of 5.30% per annum.
Future trends to watch for include advancements in production methods, potential policy changes impacting imports, and developments in alternative materials that could affect demand. Additionally, monitoring industry-specific drivers, such as electric vehicle adoption, could offer insights into potential shifts in consumption patterns.
