SiC Wafer Polishing Market: Growth Outlook and Key Drivers
The Silicon Carbide (SiC) wafer polishing market is set for significant growth, with the industry valued at USD 0.93 billion in 2024. Projections indicate that the market will expand from USD 1.28 billion in 2025 to USD 23.55 billion by 2034, growing at a compound annual growth rate (CAGR) of 38.2% during the forecast period from 2025 to 2034. This rapid expansion is primarily driven by the increasing demand for SiC wafers in power electronics, semiconductor devices, and key applications in the electric vehicle (EV) and renewable energy sectors.
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