Global Aluminum Silicon Carbide (AlSiC) Market Size By Product (Al70 / SiC30, Al40 / SiC60, Al50 / SiC50), By Application (Electrical & Electronics, Industrial & Transportation), By Geographic Scope And Forecast

Aluminum Silicon Carbide (ALSIC) Market Size And Forecast

Aluminum Silicon Carbide (ALSIC) Market size was valued at USD 223.82 Million in 2022 and is projected to reach USD 413.42 Million by 2030, growing at a CAGR of 7.30% from 2023 to 2030.

The increasing demand for AlSiC in various applications such as aerospace, automotive, machined components, and electronics is driving the market growth. The Global Aluminum Silicon Carbide (ALSIC) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Aluminum Silicon Carbide (ALSIC) Market Definition

Aluminum Silicon Carbide (AlSiC) is the material that includes silicon carbide in the Aluminum alloy matrix. Metal matrix composite is the type of metal reinforced with an organic compound. Reinforcement leads to stability of the material from the temperature, and reactivity from several external factors leads to improved properties. AlSiC is a type of metal matrix composite (MMC) that has emerged as new class of material with excellent properties when compared to other alloys or composites such as copper-molybdenum (CuMo) and copper-tungsten (CuW) alloys. AlSiC shows excellent thermal conductivity with a low coefficient of thermal expansion. AlSiC possess unique material properties, which drives its importance for an electronic application.

Some of the excellent properties of the AlSiC are lightweight, superior strength, specific modulus, low density and hardness which expands its application in aerospace, automotive, and other application.

Global Aluminum Silicon Carbide (ALSIC) Market Overview

Al-SiC is an innovative packaging material for high-tech thermal management because of its composite properties. Al-SiC can be used in microelectronic packaging for aerospace, automotive, and microwave applications with a variety of metallic and ceramic substrates and plating materials. The benefits offered by Aluminum Silicon Carbide include the tailor-made coefficient of thermal expansion, high thermal conductivity, lightweight, and strength. It is almost as light as aluminum but stronger, and it is excellent for aerospace, automotive, and other applications. The applications of aluminum-silicon carbide include an advanced printed circuit board, microelectronic packaging, radio-frequency and microwave packaging, and optoelectronic packaging.

The increasing demand for AlSiC in various applications such as aerospace, automotive, machined components, and electronics is driving the market growth. The strong thermal conductivity and low thermal expansion coefficient features of AlSiC make it suitable for use in high-temperature environments such as the aerospace and automotive industries, driving up demand in these applications. The global aluminum-silicon carbide market is likely to develop during the forecast period due to the rising demand for advanced microelectronic packaging. Metal matrix composite (MMC) materials made of aluminum-silicon carbide (AlSiC) offer a unique set of material properties that make them ideal for all electronic packaging applications that require heat management.

However, the adverse consequences of aluminum-silicon carbide are limiting market expansion. When breathed, silicon carbide affects the human body. When you breathe in silicon carbide, it can harm human beings. On contact, Silicon Carbide can irritate the eyes and nose; however, repeated high exposure to Silicon Carbide can cause Pneumoconiosis (a chronic lung illness) with chest x-ray abnormalities and a loss in pulmonary function. Rising demand for electronic packaging and technological advancement in ALSIC will create opportunities for the global aluminum-silicon carbide market.

Global Aluminum Silicon Carbide (ALSIC) MarketSegmentation Analysis

The Global Aluminum Silicon Carbide (ALSIC) Market is segmented on the basis of Product, Application, and Geography.

Aluminum Silicon Carbide (ALSIC) Market, By Product

• Al70 / SiC30• Al40 / SiC60• Al50 / SiC50• Al60 / SiC40• Others

Based on Product, the market is segmented into Al70 / SiC30, Al40 / SiC60, Al50 / SiC50, Al60 / SiC40, and Others. Al70 / SiC30 accounted for the largest market share. Al70 / SiC30 segment is accounted for the largest market share in the global AISiC market owing to the growing demand for Al70 / SiC30 from end-user industries. The demand for the AlSiC is growing due to increasing application in the automotive sector in piston rings, engine blocks, brakes, and many other areas. The increasing focus of the companies to introduce novel materials for imparting higher strength is pushing the sales of the silicon carbide with aluminum.

Aluminum Silicon Carbide (ALSIC) Market, By Application

• Automotive and Locomotive• Electrical & Electronics• Aerospace & Defense• Industrial• Others

To Get Summarized Market Report By Application-

By Application, Aluminum Silicon Carbide (ALSIC) is used in Automotive and Locomotive, Electrical & Electronics, Industrial, Aerospace & Defense, and Other Applications. Electronics is the fastest-growing segment in 2021. AlSiC finds extensive usage in the high-power traction, power control, hybrid electric vehicle power systems, and fly-by-wire applications. Some of the typical applications of the AlSiC are Microprocessor Lids/Heat Sinks, ASIC/Flip Chip Lids, Microwave Housings, Optoelectronic Housings / Bases and Power Substrates.

Aluminum Silicon Carbide (ALSIC) Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

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On the basis of regional analysis, the Global Aluminum Silicon Carbide (ALSIC) Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America accounted for the largest market share in 2021 and is projected to grow during the forecast period. Europe was the second-largest market. However, Asia Pacific is projected to grow at the highest CAGR in the projection period. The demand for Aluminum Carbide Silicon in North America is growing, as there is a higher need for matrix composites that deliver superior performance. Stringent environmental and pollution control norms are pushing the automakers and aerospace component manufacturers to boost the sales of the market.

Key Players

The “Global Aluminum Silicon Carbide (ALSIC) Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players are Adobe, IBM, SalesForce, Episerver(Optimizely), Zeta Global, Sitecore (Boxever Ltd.), Kibo (Certona Corporation), DynamicYield, Emarsys, and BloomReach. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• 3M Company Acquired Acelity.

• Sandvik completed the acquisition of the leading mine planning software company Deswik

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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