In 2018, the global market for silicon carbide fibers was valued at USD 412.8 millions. It is projected to grow at a compound annual rate (CAGR of 33.2%) between 2019 and 2025. The market is expected to grow due to increasing use of lightweight silicon carbide fibers (SiC), for component manufacturing in the aerospace industry. The market is expected to grow due to an increase in the use of the product by nuclear power plants for fuel cladding and channel boxes manufacturing.
Silicon carbide fibers have a superior strength-toweight ratio than many other high-performance fibers on the market. Market growth is expected to be further boosted by the superior performance of SiC fibers in extreme temperatures. These fibers also have high chemical resistance, high modulus and low thermal expansion.
High volume defense industry consumption is expected to drive the U.S. silicon carbide fibers market. The SiC market will be driven by an increase in product consumption in the manufacture of power and energy components over the forecast period. Due to its high production volume, increased demand is expected.
The high-priced silicon carbide fibers have a limited market presence due to the fact that the majority of commercial production is controlled and controlled by the United States and Japan. To meet increasing demand and strengthen their position in global SiC fibers markets, many manufacturers, mainly in the Middle East and Africa, have begun capacity expansions and expansions.
The technological advancements made possible by internationally-respected research centers have opened the door to advanced silicon carbide fibres that can be used for high-temperature structural applications. It is expected that the product's operating characteristics will be improved by innovative designs and processing technology. These players will be under threat by potential competitors, including academic institutions and other groups with higher financial resources. The competitors will attempt to create more efficient and economically-sound products.
The segment of continuous silicon carbide fibers accounted for the majority of global market revenue in 2018. It is expected to grow at a CAGR 35.8% during the forecast period. These fibers are capable of generating high traction in the nuclear power industry due to their superior performance in high-radiation environments. Ceramic matrix composites reinforced by continuous filaments have superior weight savings and high toughness. This product is used extensively in the manufacture of critical components for aerospace and defense. Fiber tows can also be used to create complex-shaped composites.
Non-oxidative silicon carbide fibres can be produced using a variety of processing methods. These techniques are expected to control the microstructural development and allow for the control of a wide range of properties, including density, modulus, tensile strengths, dielectric constant, and density. The global market for woven silicon carbide fibers accounted to 34.3% of the total revenue in 2018. It is expected that this segment will see significant growth due to rising demand from high temperature applications. The demand for SiC fibers will also increase with the increasing use of advanced silicon carbide composites in hypersonics applications.
Due to the increasing use of silicon carbide fibers for aircraft manufacturing, aerospace & defense will be the dominant segment. This is due to a 34.4% CAGR. The rapid adoption of silicon carbide fiber composites in component manufacturing for aero-propulsion engines' turbine and combustion sections is expected to lead to a strong product demand. Because of their light weight and heat resistance they are replacing metal parts in aircraft. This is expected to increase the efficiency of the engines. The market for silicon carbide fibers is expected to grow over the forecast period due to the increasing use of ceramic matrix composites, which are made using the product in high pressure turbine shroud.
The industrial application segment is expected see significant growth due to rising product utilization in heat exchangers, reactors and filter, as well as reformers in the chemical industry. The market is expected to be driven by the longer operational life of products made with silicon carbide fibers. Silicon carbide fibers will be in high demand by the heat transfer industry for their use in manufacturing radiant tubes, preheater, recuperator and preheater. It is expected that the market will see rapid product penetration in the manufacture of furnace components, radiation blankets and fuel cladding in nuclear reactors.
The Composites segment will see a 34.4% CAGR in revenue from 2019-2025. This is because non-oxide silicon carbide reinforced composites are more resilient to adverse environmental conditions and other structural applications. These composites offer superior benefits than monolithic and metallic superalloys. This has led to high demand. Composites made from silicon carbide fibers are strong in resisting creep-rupture and have low thermal conductivity and permeability. Composites can be engineered to adapt to specific environmental, temperature, stress and life conditions. This will drive the composites market over the forecast period.
SiC fibers reinforced composites have the advantage of being customizable to meet specific needs. This is possible by choosing the right architecture, coating and matrix material. The product has the same strength characteristics, so component manufacturers have flexibility. The product demand is expected to grow due to the growing popularity of electrospun silicone carbide fibers for microwave applications. This product has superior microwave absorption performance by changing the direction and thickness of small fibers. It is expected to drive their demand in the forecast period.
The North America market was valued in 2018 at USD 208.1 millions. This is due to the rapid growth of the aerospace industry. The U.S. aerospace & defense market experienced an exponential growth in production due to increased shipments of general aviation and civil space systems. This is expected to continue with the rapid expansion of the region's aerospace & defense sector. The region's rising defense spending and increased investments in NASA are expected to drive demand for silicon carbide fibres.
The Asia Pacific market is expected grow at 33.0% in terms of revenue between 2019 and 2025 due to the expansion of application industries like aerospace, defense, energy, and power. The market growth is expected to be positive due to rising efforts of Chinese manufacturers to include silicon caride into their products.
It is expected that the Middle East and Africa markets will be a major market for gas turbines. Due to increased use of renewable energy, the power industry in the region plans to build approximately 500 new coal power stations by 2030. Over the forecast period, the region's increasing nuclear power production capacity will also positively impact the demand for silicon carbide fibres.
There are only a few players on the market. The market is currently in short supply. Only a few players have been successful in commercializing silicon carbide production. These players will be under threat by potential competitors, including academic institutions and other groups with higher financial resources. The competitors are attempting to create more efficient and economically-friendly products.
Initiatives such as product customizations and new product development are key to the success of top players. These are some of the most important strategic initiatives that the players have taken to gain a competitive advantage in the market. The development of advanced thermochemical techniques is a key activity in the industry to transform precursor fibers into high-performance ultrahigh temperature silicon carbide fibres. The emerging Middle East and Africa players will pose a threat to established players such as Japan and the U.S. The following are some of the major players in the silicon carbide fibres market:
Ube Industries
NGS Advanced Fibers
Suzhou Saifei Group.
Up Market Research published a new report titled “Silicon Carbide Fibers Market research report which is segmented by Application (Energy & Power, Aerospace & Defense), by Form (Continuous, Woven), By Players/Companies Ube Industries, NGS Advanced Fibers, Suzhou Saifei Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Silicon Carbide Fibers Market Research Report |
By Application | Energy & Power, Aerospace & Defense |
By Form | Continuous, Woven |
By Companies | Ube Industries, NGS Advanced Fibers, Suzhou Saifei Group |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 229 |
Number of Tables & Figures | 161 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Energy & Power, Aerospace & Defense), by Form (Continuous, Woven).
Silicon Carbide Fibers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Silicon Carbide Fibers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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