Dublin, Oct. 01, 2021 (GLOBE NEWSWIRE) -- The "Silicon Carbide (SiC) Fibers Market - A Global and Regional Analysis: Focus on Aerospace and Other Industries, Fiber Type, Usage, Application, and Countries - Analysis and Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global SiC fibers market is expected to reach $2,519.2 million by 2031, with a CAGR of 19.3% during the forecast period of 2021-2031. The growth in the market is expected to be driven by increasing demand for lightweight fibers in the aerospace, chemical, energy, and power industries.
Highlights by Segment
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.
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 1000C) and are mainly used in conjunction with ceramic fiber, carbon fiber, polymeric materials, and reinforced metals.
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.
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.
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.
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?
Key Topics Covered
1.1 Industry Outlook
1.1.1 Trends in the SiC Fibers Market
220.127.116.11 Use of SiC in Electronics
18.104.22.168 Integration of SiC Fibers in Energy and Renewable Energy
1.1.2 Supply Chain Analysis
1.1.3 Ecosystem of SiC Fibers Market
22.214.171.124 Consortiums, Associations, and Regulatory Bodies
126.96.36.199 Government Programs and Research Programs
1.2 Business Dynamics
1.2.1 Market Drivers
188.8.131.52 Increasing Demand for Lightweight Fibers in the Aerospace and Defense Industry
184.108.40.206 Increasing Focus on the North America Market
220.127.116.11 Lightweight Component Demand from the Industrial Sector
1.2.2 Market Restraints
18.104.22.168 Higher Energy Bandgaps
22.214.171.124 Complex Doping Processes
126.96.36.199 High Cost of SiC Fiber
1.2.3 Market Opportunities
188.8.131.52 Use of SiC Fibers in Reinforced SiC-Matrix Composites
184.108.40.206 Advantages of Usage of Silicon Carbide Fiber-Reinforced Silicon Nitride Composites (SiC/RBSN)
1.2.4 Key Developments and Strategies
1.2.5 Impact of COVID-19 on the Global SiC Fibers Market
2.1 Application and Specification
220.127.116.11 Combustor Liners
18.104.22.168 Turbine Blades
22.214.171.124 Interior Body Panels
2.1.2 Energy and Power
2.2 SiC Fibers Market - Demand Analysis (by Application)
2.2.1 Demand Analysis (By Application), Value and Volume Data
2.2.2 Demand Analysis (By Aerospace Sub-application), Value and Volume Data)
3.1 SiC Fibers Market - Product and Specifications (by Fiber Type)
3.1.1 Continuous Fiber
3.1.2 Short Fiber
3.2 SiC Fibers Market - Demand Analysis (By Fiber Type)
3.2.1 Demand Analysis (By Fibers Type), Value and Volume Data
3.3 SiC Fibers Market - Product and Specifications (by Usage)
3.4 SiC Fibers Market - Demand Analysis (by Usage)
3.4.1 Demand Analysis (by Usage), Value and Volume Data
3.5 Product Benchmarking: Growth Rate - Market Share Matrix, By Fiber Type
3.6 Patent Analysis
3.7 Global Pricing Analysis
4.1 North America
126.96.36.199 Key Manufacturers/Suppliers in North America
188.8.131.52 Business Drivers
184.108.40.206 Business Challenges
220.127.116.11 North America SiC Fibers Market (By Application), Value and Volume Data
18.104.22.168 North America SiC Fiber Market (By Aerospace Sub-application), Value and Volume Data
22.214.171.124 North America SiC Fibers Market (By Products), Value and Volume Data
126.96.36.199.1 North America SiC Fibers Market (By Fiber Type), Value and Volume Data
188.8.131.52.2 North America SiC Fibers Market (By Usage), Value and Volume Data
4.1.4 North America: Country-Level Analysis
184.108.40.206.1.1 Buyer Attributes
220.127.116.11.1.2 Key Manufacturers/ Suppliers in the U.S.
18.104.22.168.1.3 Business Challenges
22.214.171.124.1.4 Business Drivers
126.96.36.199.2.1 U.S. SiC Fibers Market (By Application), Value and Volume Data
188.8.131.52.2.2 U.S. SiC Fibers Market (by Aerospace Sub-application), Value and Volume Data
184.108.40.206.3.1 U.S. SiC Fiber Market (By Products), Value and Volume Data
220.127.116.11.3.1.1 U.S. SiC Fiber Market (By Fiber Type), Value and Volume Data
18.104.22.168.3.1.2 U.S. SiC Fiber Market (By Usage), Value and Volume Data
22.214.171.124.1.1 Buyer Attributes
126.96.36.199.1.2 Key Manufacturers/ Suppliers in Canada
188.8.131.52.1.3 Business Challenges
184.108.40.206.1.4 Business Drivers
220.127.116.11.2.1 Canada SiC Fibers Market (By Application), Value and Volume Data
18.104.22.168.2.2 Canada SiC Fibers Market (By Aerospace Sub-application), Value and Volume Data
22.214.171.124.3.1 Canada SiC Fibers Market (By Products), Value and Volume Data
126.96.36.199.3.1.1 Canada SiC Fibers Market (By Fiber Type and By Usage), Value and Volume Data
188.8.131.52.3.1.2 Canada SiC Fiber Market (By Usage), Value and Volume Data
184.108.40.206.1.1 Buyer Attributes
220.127.116.11.1.2 Key Manufacturers/Suppliers in Mexico
18.104.22.168.1.3 Business Challenges
22.214.171.124.1.4 Business Drivers
126.96.36.199.2.1 Mexico SiC Fiber Market (By Application), Value and Volume Data
188.8.131.52.2.2 Mexico SiC Fiber Market (by Aerospace Sub-application), Value and Volume Data
184.108.40.206.3.1 Mexico SiC Fibers Market (By Products), Value and Volume Data
220.127.116.11.3.1.1 Mexico SiC Fibers Market (By Fiber Type), Value and Volume Data
18.104.22.168.3.1.2 Mexico SiC Fibers Market (By Usage), Value and Volume Data
4.5 Asia-Pacific and Japan
5 Markets - Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.1.1 Competitive Position Matrix
5.1.2 Market Share Analysis
5.2 Company Profiles
5.2.1 Type 1 Companies - Leading Companies: SiC Fibers Market
22.214.171.124 General Electric Company
126.96.36.199.1 Company Overview
188.8.131.52.1.1 Product Portfolio
184.108.40.206.1.2 Production Sites
220.127.116.11.2 R&D Analysis
18.104.22.168.3 Competitive Position
22.214.171.124.3.1 Strengths of Company
126.96.36.199.3.2 Weakness of Company
188.8.131.52 NGS Advanced Fiber Co. Ltd.
184.108.40.206 Ube Industries, Ltd.
5.2.2 Type 2 Companies - Emerging Companies: SiC Fibers Market
220.127.116.11 American Elements
18.104.22.168 BJS Ceramics GmbH
22.214.171.124 Free Form Fibers
126.96.36.199 COI Ceramics, Inc.
188.8.131.52 Specialty Materials, Inc.
184.108.40.206 Suzhou Saifei Group Co. Ltd.
220.127.116.11 Haydale Graphene Industries plc
18.104.22.168 TISICS Ltd.
22.214.171.124 Stanford Advanced Materials
126.96.36.199 NASA Glenn Research Center
188.8.131.52 SGL Carbon
6 Research Methodology
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