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Silicon Carbide Fibers Market - In-Depth Analysis and Forecast upto 2031
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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.

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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.

Silicon Carbide (SiC) Fibers Industry Overview -

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.

Market Segmentation

SiC Fibers Market by 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.

SiC Fibers Market by 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.

SiC Fibers Market by 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.

SiC Fibers Market by 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 Market Players and Competition Synopsis -

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 Graphene Industries Plc, 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.

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How This Report Can Add Value -

Market by Product, Analysis, and Forecast: The segment gives a brief overview of the product portfolio of different companies and the market presence of different products existing in the market.

For instance, in January 2020, Free Form Fibers announced that it had produced a nonwoven silicon carbide veil using its patented Rapid Laser-assisted Chemical Vapor Deposition (R-LCVD) technology.

Market by Application, Analysis, and Forecast: The segment gives a brief overview of the market status of different applications of the product and key players offering products in those applications. Aerospace industry is the major end-user of SiC fiber as it is largely used for high-temperature engine components like nozzles, combustor liners, and turbine blades.

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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