According to the latest report by IMARC Group, “Global SiC Fibers Market Trends, Share, Growth, Industry Size, Opportunity and Forecast 2022-2027“, the global SiC fibers market reached a value of US$ 626.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,118.60 Million by 2027, exhibiting a CAGR of 9.70% during 2022-2027.
Silicon carbide (SiC) fiber refers to a high-performance ceramic material that enhances mechanical parts and prolongs the lifespan of various products. It is widely used in producing ceramic brake discs for sports cars. Other than this, it is utilized in the aerospace industry for nozzles, population units, turbine engines and combustor liners on account of the product’s contribution to environmental sustainability by decreasing carbon dioxide (CO2) and nitrogen dioxide (NO2) emissions and increasing fuel efficiency. It also provides various advantages such as limited thermal expansion, low density, excellent shock resistance and strong tensile strength.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
|Base Year: 2021|
|Forecast Year: 2022-2027|
SiC Fibers Market Trends and Drivers:
One of the primary factors driving the market is the rising product demand in nuclear power plants due to their heat and radiation resistance and the increasing application of SiC fibers in the hot section of the next-generation gas turbines. Additionally, the usage of these fibers in thruster nozzles, thermal protection systems (TPS), vanes and turbopump components of space vehicles is propelling the market growth.
Besides, the growing demand for improved materials to direct complex shapes in the defense industry and the utilization of SiC fibers in future engine models by automobile manufacturers are catalyzing the market growth. Moreover, the governments of various nations are significantly investing in the research and development (R&D) activities for fabricating SiC fibers, which is expected to create a favorable market outlook in the upcoming years.
Global SiC Fibers Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Advanced Ceramic Fibers LLC, American Elements, BJS Ceramics GmbH, Compagnie de Saint-Gobain S.A., GE Aviation (General Electric Company), Haydale Graphene Industries Plc, NGS Advanced Fibers Co. Ltd., SGL Carbon SE, Specialty Materials Inc., Stanford Advanced Materials, Suzhou Saifei Group Co. Ltd., TISICS Limited and Ube Industries Ltd.
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The report has segmented the market on the basis of region, type, form, phase, usage and application.
Breakup by Type:
- First Generation
- Second Generation
- Third Generation
Breakup by Form:
The Breakup by Phase:
Breakup by Usage:
Breakup by Application:
- Aerospace and Defense
- Energy and Power
The Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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