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Global Mg-SiC Composite Materials Market Research Report 2025
Published Date: May 2025
|
Report Code: QYRE-Auto-37X14652
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Global Mg SiC Composite Materials Market Research Report 2023
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Global Mg-SiC Composite Materials Market Research Report 2025

Code: QYRE-Auto-37X14652
Report
May 2025
Pages:64
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Mg-SiC Composite Materials Market Size

The global market for Mg-SiC Composite Materials was valued at US$ 6.2 million in the year 2024 and is projected to reach a revised size of US$ 9.4 million by 2031, growing at a CAGR of 6.3% during the forecast period.

Mg-SiC Composite Materials Market

Mg-SiC Composite Materials Market

This is a lightweight composite material manufactured by infiltrating Silicon Carbide (SiC) with Magnesium (Mg). Mg-SiC Composite Materials can be used as Base plate for power module for electric railway, industrial machinery and automotive (HEV).
North American market for Mg-SiC Composite Materials is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Mg-SiC Composite Materials is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global market for Mg-SiC Composite Materials in Power Modules is estimated to increase from $ million in 2024 to $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global companies of Mg-SiC Composite Materials include A.L.M.T. Corp (Sumitomo Electric Industries), AMT Advanced Materials Technology GmbH, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Mg-SiC Composite Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Mg-SiC Composite Materials.
The Mg-SiC Composite Materials market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Mg-SiC Composite Materials market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Mg-SiC Composite Materials companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Mg-SiC Composite Materials Market Report

Report Metric Details
Report Name Mg-SiC Composite Materials Market
Accounted market size in year US$ 6.2 million
Forecasted market size in 2031 US$ 9.4 million
CAGR 6.3%
Base Year year
Forecasted years 2025 - 2031
Segment by Type
  • R.T. (7.0)
  • Others
Segment by Application
  • Power Modules
  • Structural Parts
  • Automotive and Others
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company A.L.M.T. Corp (Sumitomo Electric Industries), AMT Advanced Materials Technology GmbH
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
  • Chapter 3: Detailed analysis of Mg-SiC Composite Materials company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
  • Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 12: The main points and conclusions of the report.

FAQ for this report

How fast is Mg-SiC Composite Materials Market growing?

Ans: The Mg-SiC Composite Materials Market witnessing a CAGR of 6.3% during the forecast period 2025-2031.

What is the Mg-SiC Composite Materials Market size in 2031?

Ans: The Mg-SiC Composite Materials Market size in 2031 will be US$ 9.4 million.

Who are the main players in the Mg-SiC Composite Materials Market report?

Ans: The main players in the Mg-SiC Composite Materials Market are A.L.M.T. Corp (Sumitomo Electric Industries), AMT Advanced Materials Technology GmbH

What are the Application segmentation covered in the Mg-SiC Composite Materials Market report?

Ans: The Applications covered in the Mg-SiC Composite Materials Market report are Power Modules, Structural Parts, Automotive and Others

What are the Type segmentation covered in the Mg-SiC Composite Materials Market report?

Ans: The Types covered in the Mg-SiC Composite Materials Market report are R.T. (7.0), Others

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Mg-SiC Composite Materials Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 R.T. (7.0)
1.2.3 Others
1.3 Market by Application
1.3.1 Global Mg-SiC Composite Materials Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Power Modules
1.3.3 Structural Parts
1.3.4 Automotive and Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Mg-SiC Composite Materials Market Perspective (2020-2031)
2.2 Global Mg-SiC Composite Materials Growth Trends by Region
2.2.1 Global Mg-SiC Composite Materials Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Mg-SiC Composite Materials Historic Market Size by Region (2020-2025)
2.2.3 Mg-SiC Composite Materials Forecasted Market Size by Region (2026-2031)
2.3 Mg-SiC Composite Materials Market Dynamics
2.3.1 Mg-SiC Composite Materials Industry Trends
2.3.2 Mg-SiC Composite Materials Market Drivers
2.3.3 Mg-SiC Composite Materials Market Challenges
2.3.4 Mg-SiC Composite Materials Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Mg-SiC Composite Materials Players by Revenue
3.1.1 Global Top Mg-SiC Composite Materials Players by Revenue (2020-2025)
3.1.2 Global Mg-SiC Composite Materials Revenue Market Share by Players (2020-2025)
3.2 Global Mg-SiC Composite Materials Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Mg-SiC Composite Materials Revenue
3.4 Global Mg-SiC Composite Materials Market Concentration Ratio
3.4.1 Global Mg-SiC Composite Materials Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Mg-SiC Composite Materials Revenue in 2024
3.5 Global Key Players of Mg-SiC Composite Materials Head office and Area Served
3.6 Global Key Players of Mg-SiC Composite Materials, Product and Application
3.7 Global Key Players of Mg-SiC Composite Materials, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Mg-SiC Composite Materials Breakdown Data by Type
4.1 Global Mg-SiC Composite Materials Historic Market Size by Type (2020-2025)
4.2 Global Mg-SiC Composite Materials Forecasted Market Size by Type (2026-2031)
5 Mg-SiC Composite Materials Breakdown Data by Application
5.1 Global Mg-SiC Composite Materials Historic Market Size by Application (2020-2025)
5.2 Global Mg-SiC Composite Materials Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Mg-SiC Composite Materials Market Size (2020-2031)
6.2 North America Mg-SiC Composite Materials Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Mg-SiC Composite Materials Market Size by Country (2020-2025)
6.4 North America Mg-SiC Composite Materials Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Mg-SiC Composite Materials Market Size (2020-2031)
7.2 Europe Mg-SiC Composite Materials Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Mg-SiC Composite Materials Market Size by Country (2020-2025)
7.4 Europe Mg-SiC Composite Materials Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Mg-SiC Composite Materials Market Size (2020-2031)
8.2 Asia-Pacific Mg-SiC Composite Materials Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Mg-SiC Composite Materials Market Size by Region (2020-2025)
8.4 Asia-Pacific Mg-SiC Composite Materials Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Mg-SiC Composite Materials Market Size (2020-2031)
9.2 Latin America Mg-SiC Composite Materials Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Mg-SiC Composite Materials Market Size by Country (2020-2025)
9.4 Latin America Mg-SiC Composite Materials Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Mg-SiC Composite Materials Market Size (2020-2031)
10.2 Middle East & Africa Mg-SiC Composite Materials Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Mg-SiC Composite Materials Market Size by Country (2020-2025)
10.4 Middle East & Africa Mg-SiC Composite Materials Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 A.L.M.T. Corp (Sumitomo Electric Industries)
11.1.1 A.L.M.T. Corp (Sumitomo Electric Industries) Company Details
11.1.2 A.L.M.T. Corp (Sumitomo Electric Industries) Business Overview
11.1.3 A.L.M.T. Corp (Sumitomo Electric Industries) Mg-SiC Composite Materials Introduction
11.1.4 A.L.M.T. Corp (Sumitomo Electric Industries) Revenue in Mg-SiC Composite Materials Business (2020-2025)
11.1.5 A.L.M.T. Corp (Sumitomo Electric Industries) Recent Development
11.2 AMT Advanced Materials Technology GmbH
11.2.1 AMT Advanced Materials Technology GmbH Company Details
11.2.2 AMT Advanced Materials Technology GmbH Business Overview
11.2.3 AMT Advanced Materials Technology GmbH Mg-SiC Composite Materials Introduction
11.2.4 AMT Advanced Materials Technology GmbH Revenue in Mg-SiC Composite Materials Business (2020-2025)
11.2.5 AMT Advanced Materials Technology GmbH Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
List of Tables
 Table 1. Global Mg-SiC Composite Materials Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031
 Table 2. Key Players of R.T. (7.0)
 Table 3. Key Players of Others
 Table 4. Global Mg-SiC Composite Materials Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031
 Table 5. Global Mg-SiC Composite Materials Market Size by Region (US$ Million): 2020 VS 2024 VS 2031
 Table 6. Global Mg-SiC Composite Materials Market Size by Region (2020-2025) & (US$ Million)
 Table 7. Global Mg-SiC Composite Materials Market Share by Region (2020-2025)
 Table 8. Global Mg-SiC Composite Materials Forecasted Market Size by Region (2026-2031) & (US$ Million)
 Table 9. Global Mg-SiC Composite Materials Market Share by Region (2026-2031)
 Table 10. Mg-SiC Composite Materials Market Trends
 Table 11. Mg-SiC Composite Materials Market Drivers
 Table 12. Mg-SiC Composite Materials Market Challenges
 Table 13. Mg-SiC Composite Materials Market Restraints
 Table 14. Global Mg-SiC Composite Materials Revenue by Players (2020-2025) & (US$ Million)
 Table 15. Global Mg-SiC Composite Materials Market Share by Players (2020-2025)
 Table 16. Global Top Mg-SiC Composite Materials Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Mg-SiC Composite Materials as of 2024)
 Table 17. Ranking of Global Top Mg-SiC Composite Materials Companies by Revenue (US$ Million) in 2024
 Table 18. Global 5 Largest Players Market Share by Mg-SiC Composite Materials Revenue (CR5 and HHI) & (2020-2025)
 Table 19. Global Key Players of Mg-SiC Composite Materials, Headquarters and Area Served
 Table 20. Global Key Players of Mg-SiC Composite Materials, Product and Application
 Table 21. Global Key Players of Mg-SiC Composite Materials, Date of Enter into This Industry
 Table 22. Mergers & Acquisitions, Expansion Plans
 Table 23. Global Mg-SiC Composite Materials Market Size by Type (2020-2025) & (US$ Million)
 Table 24. Global Mg-SiC Composite Materials Revenue Market Share by Type (2020-2025)
 Table 25. Global Mg-SiC Composite Materials Forecasted Market Size by Type (2026-2031) & (US$ Million)
 Table 26. Global Mg-SiC Composite Materials Revenue Market Share by Type (2026-2031)
 Table 27. Global Mg-SiC Composite Materials Market Size by Application (2020-2025) & (US$ Million)
 Table 28. Global Mg-SiC Composite Materials Revenue Market Share by Application (2020-2025)
 Table 29. Global Mg-SiC Composite Materials Forecasted Market Size by Application (2026-2031) & (US$ Million)
 Table 30. Global Mg-SiC Composite Materials Revenue Market Share by Application (2026-2031)
 Table 31. North America Mg-SiC Composite Materials Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 32. North America Mg-SiC Composite Materials Market Size by Country (2020-2025) & (US$ Million)
 Table 33. North America Mg-SiC Composite Materials Market Size by Country (2026-2031) & (US$ Million)
 Table 34. Europe Mg-SiC Composite Materials Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 35. Europe Mg-SiC Composite Materials Market Size by Country (2020-2025) & (US$ Million)
 Table 36. Europe Mg-SiC Composite Materials Market Size by Country (2026-2031) & (US$ Million)
 Table 37. Asia-Pacific Mg-SiC Composite Materials Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031
 Table 38. Asia-Pacific Mg-SiC Composite Materials Market Size by Region (2020-2025) & (US$ Million)
 Table 39. Asia-Pacific Mg-SiC Composite Materials Market Size by Region (2026-2031) & (US$ Million)
 Table 40. Latin America Mg-SiC Composite Materials Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 41. Latin America Mg-SiC Composite Materials Market Size by Country (2020-2025) & (US$ Million)
 Table 42. Latin America Mg-SiC Composite Materials Market Size by Country (2026-2031) & (US$ Million)
 Table 43. Middle East & Africa Mg-SiC Composite Materials Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 44. Middle East & Africa Mg-SiC Composite Materials Market Size by Country (2020-2025) & (US$ Million)
 Table 45. Middle East & Africa Mg-SiC Composite Materials Market Size by Country (2026-2031) & (US$ Million)
 Table 46. A.L.M.T. Corp (Sumitomo Electric Industries) Company Details
 Table 47. A.L.M.T. Corp (Sumitomo Electric Industries) Business Overview
 Table 48. A.L.M.T. Corp (Sumitomo Electric Industries) Mg-SiC Composite Materials Product
 Table 49. A.L.M.T. Corp (Sumitomo Electric Industries) Revenue in Mg-SiC Composite Materials Business (2020-2025) & (US$ Million)
 Table 50. A.L.M.T. Corp (Sumitomo Electric Industries) Recent Development
 Table 51. AMT Advanced Materials Technology GmbH Company Details
 Table 52. AMT Advanced Materials Technology GmbH Business Overview
 Table 53. AMT Advanced Materials Technology GmbH Mg-SiC Composite Materials Product
 Table 54. AMT Advanced Materials Technology GmbH Revenue in Mg-SiC Composite Materials Business (2020-2025) & (US$ Million)
 Table 55. AMT Advanced Materials Technology GmbH Recent Development
 Table 56. Research Programs/Design for This Report
 Table 57. Key Data Information from Secondary Sources
 Table 58. Key Data Information from Primary Sources
 Table 59. Authors List of This Report


List of Figures
 Figure 1. Mg-SiC Composite Materials Picture
 Figure 2. Global Mg-SiC Composite Materials Market Size Comparison by Type (2020-2031) & (US$ Million)
 Figure 3. Global Mg-SiC Composite Materials Market Share by Type: 2024 VS 2031
 Figure 4. R.T. (7.0) Features
 Figure 5. Others Features
 Figure 6. Global Mg-SiC Composite Materials Market Size by Application (2020-2031) & (US$ Million)
 Figure 7. Global Mg-SiC Composite Materials Market Share by Application: 2024 VS 2031
 Figure 8. Power Modules Case Studies
 Figure 9. Structural Parts Case Studies
 Figure 10. Automotive and Others Case Studies
 Figure 11. Mg-SiC Composite Materials Report Years Considered
 Figure 12. Global Mg-SiC Composite Materials Market Size (US$ Million), Year-over-Year: 2020-2031
 Figure 13. Global Mg-SiC Composite Materials Market Size, (US$ Million), 2020 VS 2024 VS 2031
 Figure 14. Global Mg-SiC Composite Materials Market Share by Region: 2024 VS 2031
 Figure 15. Global Mg-SiC Composite Materials Market Share by Players in 2024
 Figure 16. Global Top Mg-SiC Composite Materials Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Mg-SiC Composite Materials as of 2024)
 Figure 17. The Top 10 and 5 Players Market Share by Mg-SiC Composite Materials Revenue in 2024
 Figure 18. North America Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 19. North America Mg-SiC Composite Materials Market Share by Country (2020-2031)
 Figure 20. United States Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 21. Canada Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 22. Europe Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 23. Europe Mg-SiC Composite Materials Market Share by Country (2020-2031)
 Figure 24. Germany Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 25. France Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 26. U.K. Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 27. Italy Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 28. Russia Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 29. Nordic Countries Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 30. Asia-Pacific Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 31. Asia-Pacific Mg-SiC Composite Materials Market Share by Region (2020-2031)
 Figure 32. China Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 33. Japan Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 34. South Korea Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 35. Southeast Asia Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 36. India Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 37. Australia Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 38. Latin America Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 39. Latin America Mg-SiC Composite Materials Market Share by Country (2020-2031)
 Figure 40. Mexico Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 41. Brazil Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 42. Middle East & Africa Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 43. Middle East & Africa Mg-SiC Composite Materials Market Share by Country (2020-2031)
 Figure 44. Turkey Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 45. Saudi Arabia Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 46. UAE Mg-SiC Composite Materials Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 47. A.L.M.T. Corp (Sumitomo Electric Industries) Revenue Growth Rate in Mg-SiC Composite Materials Business (2020-2025)
 Figure 48. AMT Advanced Materials Technology GmbH Revenue Growth Rate in Mg-SiC Composite Materials Business (2020-2025)
 Figure 49. Bottom-up and Top-down Approaches for This Report
 Figure 50. Data Triangulation
 Figure 51. Key Executives Interviewed
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