| Product Code: ETC4704080 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to be a significant importer of silicon carbide, with top exporting countries being Brazil, Venezuela, China, Ukraine, and Norway. The market saw a high concentration with a very high HHI in 2024, indicating a dominant market presence by key players. Despite a modest compound annual growth rate (CAGR) of 2.09% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -47.4%. This fluctuation suggests potential shifts in market dynamics or external factors impacting the import shipments of silicon carbide to Belgium.
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By 2027, Belgium's Silicon carbide market is forecasted to achieve a stable growth rate of 0.19%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Silicon carbide Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Silicon carbide Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Silicon carbide Market - Industry Life Cycle |
3.4 Belgium Silicon carbide Market - Porter's Five Forces |
3.5 Belgium Silicon carbide Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium Silicon carbide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium Silicon carbide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for silicon carbide in automotive and electronics industries |
4.2.2 Increasing focus on renewable energy sources driving demand for silicon carbide in the energy sector |
4.2.3 Technological advancements leading to the development of new applications for silicon carbide |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from alternative materials affecting market growth |
4.3.3 Stringent environmental regulations impacting the production and usage of silicon carbide |
5 Belgium Silicon carbide Market Trends |
6 Belgium Silicon carbide Market Segmentations |
6.1 Belgium Silicon carbide Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Silicon carbide Market Revenues & Volume, By Black Silicon Carbide, 2021-2031F |
6.1.3 Belgium Silicon carbide Market Revenues & Volume, By Green Silicon Carbide, 2021-2031F |
6.2 Belgium Silicon carbide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Belgium Silicon carbide Market Revenues & Volume, By Steel, 2021-2031F |
6.2.3 Belgium Silicon carbide Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Belgium Silicon carbide Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.5 Belgium Silicon carbide Market Revenues & Volume, By Military & Defense, 2021-2031F |
6.2.6 Belgium Silicon carbide Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.7 Belgium Silicon carbide Market Revenues & Volume, By Healthcare, 2021-2031F |
7 Belgium Silicon carbide Market Import-Export Trade Statistics |
7.1 Belgium Silicon carbide Market Export to Major Countries |
7.2 Belgium Silicon carbide Market Imports from Major Countries |
8 Belgium Silicon carbide Market Key Performance Indicators |
8.1 Average selling price of silicon carbide products |
8.2 Adoption rate of silicon carbide in key industries |
8.3 Investment in research and development for new silicon carbide applications |
8.4 Number of partnerships and collaborations in the silicon carbide market |
8.5 Rate of technological innovation in silicon carbide production processes |
9 Belgium Silicon carbide Market - Opportunity Assessment |
9.1 Belgium Silicon carbide Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium Silicon carbide Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium Silicon carbide Market - Competitive Landscape |
10.1 Belgium Silicon carbide Market Revenue Share, By Companies, 2024 |
10.2 Belgium Silicon carbide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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