In 2023, crude silicon carbide oxide production in the US and Canada stood at 34.8 thousand metric tons. The forecast from 2024 to 2028 shows a gradual decline with year-on-year decreases: 2025 by 0.14%, 2026 by 0.14%, 2027 by 0.12%, and 2028 by 0.12%. Over the forecast period, the compound annual growth rate (CAGR) is negative, indicating a slowly contracting market.
Future trends to watch for include technological advancements in production processes, shifts in demand for silicon carbide in semiconductor and renewable energy sectors, and potential policy changes impacting environmental regulations. This could influence output and demand projections.
