As per BIS Research Study, Global Silicon Carbide (SiC) Fibers Market to Reach $2,519.2 Million by 2031
The Global Silicon Carbide (SiC) Fibers Market projected to reach $2,519.2 Million by 2031, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 19.3% during the forecast period from 2021-to 2031.
Silicon carbide (SiC) fiber is a high-performance ceramic material composed mainly of silicon carbide molecules. SiC fiber is one of the emerging lightweight materials, which is progressively expediting in aerospace, energy, and power industries. It has high-performance properties such as low density, lightweight, high stiffness, high chemical resistance, high tensile strength, and high-temperature tolerance.
The detailed study is a compilation of 173 Market Data Tables and 15 Figures spread through 170 Pages and in-depth TOC on Global Silicon Carbide (SiC) Fibers Market – Analysis and Forecast, 2021-2031.
Analyst’s Take on the Market
According to Shivam Priyadarshi, Principal Analyst, BIS Research, “The SiC fiber will be an essential material in the aerospace industry. SiC fibers provide an effective solution to reduce COx and NOx emission, which favors the utilization of this material in end-use industries. Green transition is increasingly adopted by developed and developing countries, that will create ample opportunity globally for silicon carbide fiber market growth.”
Key companies operating in the market
General Electric Company, NGS Advanced Fiber Co. Ltd., Ube Industries, Ltd., American Elements, BJS Ceramics GmBh, Free Form Fibers, COI Ceramics, Inc., Specialty Materials, Inc, Suzhou Saifei Group Co., Ltd, Haydale Technologies, Matech, TISICS Ltd., Stanford Advanced Materials, NASA Glenn Research Center, SGL Carbon
The companies that are profiled in the report have been selected based on a selective pool of players, primarily tier-1 (which holds 60-70% of the market), mid, small, and emerging players (holds the balance 30-40% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the SiC fibers industry.
The SiC fiber manufacturers have adopted many strategies aimed at strengthening their position in the global silicon carbide (SiC) fibers market and gaining an edge over their competitive companies. Also, certain companies enter into partnerships, collaborations, and joint ventures to establish their presence in the market.
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Market Segmentation of Global SiC Fibers Market
Application: SiC fibers are widely utilized in aircraft components like turbine blades, nozzles, turbine engines, propulsion units, and combustor liners. Aircraft manufacturers are increasingly adopting SiC fibers as a replacement over conventional metals. Aircraft engine components operate under extreme temperature conditions that require silicon carbide fibers, which possess properties such as heat resistance, low thermal expansion, low electrical conductivity, and corrosion resistance.
Fiber Type: Continuous fibers are being adopted by aerospace, energy, and power industries, as they exhibit properties like high strength, high heat, and corrosion resistance. Continuous SiC fibers can perform at high-temperature conditions (over 1000°C) and are mainly used in conjunction with ceramic fiber, carbon fiber, polymeric materials, and reinforced metals.
Usage: Composites are widely used in engineering, chemistry, energy resources, and military applications due to their corrosion resistance, low density, and oxidation resistance properties. It provides hardness and chemical inertness for a variety of applications, including nozzles, turbine blades, turbo-pump components, combustor liners, and landing gears. SiC-based ceramic matrix composites possess properties of traditional ceramics, which also have enhanced mechanical properties such as thermal shock resistance and improved toughness.
Region: A strong presence of major SiC fiber manufacturers such as General Electric Company, American Elements, COI Ceramics, NGS Advanced Fibers Co., Ltd., and Free Form Fibers, are catering to the rising demand from aerospace, electronics, energy, and power industries. North America is the largest consumer of SiC fiber, majorly due to the larger presence of aircraft manufacturers.
Key Questions Answered in the Report
• Which global factors are expected to impact the global SiC fibers market?
• What is the expected revenue for the global SiC fibers market from 2021 to 2031?
• What is the expected volume for the global SiC fibers market from 2021 to 2031?
• How much revenue is expected to be generated by different fiber types of SiC fiber from 2021 to 2031?
• Which SiC fiber application is expected to be dominant in the forecast period 2021-2031?
• Which companies are the major players in the global SiC fibers market, and what are the key market strategies adopted by them?
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About BIS Research
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