| Product Code: ETC4704124 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of silicon carbide into Ireland saw significant concentration among top exporting countries, with the UK, Netherlands, China, Germany, and USA leading the pack in 2024. The high Herfindahl-Hirschman Index (HHI) in 2023 intensified to very high concentration levels in 2024, indicating a more consolidated market. Despite a remarkable compound annual growth rate (CAGR) of 19.45% from 2020 to 2024, the growth rate took a slight dip of -18.34% from 2023 to 2024, highlighting a potential shift in market dynamics or external factors impacting the industry.
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The Silicon carbide market in Ireland is projected to grow at a negative growth rate of -0.00% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.
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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 Ireland Silicon carbide Market Overview |
3.1 Ireland Country Macro Economic Indicators |
3.2 Ireland Silicon carbide Market Revenues & Volume, 2021 & 2031F |
3.3 Ireland Silicon carbide Market - Industry Life Cycle |
3.4 Ireland Silicon carbide Market - Porter's Five Forces |
3.5 Ireland Silicon carbide Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Ireland Silicon carbide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Ireland Silicon carbide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for silicon carbide in the automotive industry for electric vehicles due to its properties such as high thermal conductivity and resistance to thermal shock. |
4.2.2 Increasing adoption of silicon carbide in power electronics and renewable energy sectors for applications like solar inverters and wind turbines. |
4.2.3 Government initiatives and investments in research and development of silicon carbide materials for various industrial applications. |
4.3 Market Restraints |
4.3.1 High production costs associated with silicon carbide manufacturing processes leading to higher product prices. |
4.3.2 Limited availability of raw materials required for silicon carbide production. |
4.3.3 Challenges related to recycling and disposal of silicon carbide waste products due to their non-biodegradable nature. |
5 Ireland Silicon carbide Market Trends |
6 Ireland Silicon carbide Market Segmentations |
6.1 Ireland Silicon carbide Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Ireland Silicon carbide Market Revenues & Volume, By Black Silicon Carbide, 2021-2031F |
6.1.3 Ireland Silicon carbide Market Revenues & Volume, By Green Silicon Carbide, 2021-2031F |
6.2 Ireland Silicon carbide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Ireland Silicon carbide Market Revenues & Volume, By Steel, 2021-2031F |
6.2.3 Ireland Silicon carbide Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Ireland Silicon carbide Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.5 Ireland Silicon carbide Market Revenues & Volume, By Military & Defense, 2021-2031F |
6.2.6 Ireland Silicon carbide Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.7 Ireland Silicon carbide Market Revenues & Volume, By Healthcare, 2021-2031F |
7 Ireland Silicon carbide Market Import-Export Trade Statistics |
7.1 Ireland Silicon carbide Market Export to Major Countries |
7.2 Ireland Silicon carbide Market Imports from Major Countries |
8 Ireland Silicon carbide Market Key Performance Indicators |
8.1 Average selling price of silicon carbide products in the market. |
8.2 Investment in research and development activities for silicon carbide applications and manufacturing processes. |
8.3 Number of partnerships and collaborations between silicon carbide manufacturers and key industry players for technology advancements. |
8.4 Percentage of silicon carbide products meeting industry quality standards. |
9 Ireland Silicon carbide Market - Opportunity Assessment |
9.1 Ireland Silicon carbide Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Ireland Silicon carbide Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Ireland Silicon carbide Market - Competitive Landscape |
10.1 Ireland Silicon carbide Market Revenue Share, By Companies, 2024 |
10.2 Ireland 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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