SiC Fibers Market Set for Robust Growth by 2024

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SiC Fibers Market

Global SiC Fibers Market: Overview

The demand for SiC fibers is increasing in the market due to its features such as high strength, oxidation and corrosion resistance, heat resistance and low density. Raw materials used in the manufacturing of SiC fibers include silicon carbide crystallites and an amorphous mixture of carbon, oxygen and silicon. This is also known as feedstock. After processing the feedstock procedures such as molding, finishing, coating and customization is carried out. The features of SiC fibers make it a suitable material to be used in aerospace, nuclear and power generation industry. An increasing demand for SiC fibers in the industries is going to propel the market in a positive direction.

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Global SiC Fibers Market: Segmentation

The global SiC market is segmented into its type, product form, matrix composite type, application and geography. On the basis of type, the market is divided into continuous/long fibers and whiskers/short fibers. Based on the availability of the product form, the global SiC market is segregated into tow form and woven form. On the basis of matrix composite type, the division is seen into polymer matrix composite, metal matrix composite and ceramic matrix composite. Based on application, the global SiC market is divided into power generation, defense, nuclear and aerospace. Diversification of the SiC fibers market is seen into region such as Asia Pacific, Europe, North America, the Middle East and Africa, and Rest of the World.

Global SiC Fibers Market: Growth Factors

Technological advancement made in aerospace, power generation and nuclear industries is the main driver of the SiC fibers market. Other factors such as development in technology and new product development for efficient performance are responsible for the growth in the SiC fibers market. There is a high focus on the use of SiC fibers in the upcoming engine models, which may result in significant increase in the demand for SiC fibers. Features such as high tensile strength, high stiffness, toughness, resistance to chemical attacks and high temperature resistance has given a favorable tilt to the demand of SiC fibers resulting in an overall growth of the market. Continuous SiC fibers have a major share in the market demand and aerospace is the industry, which uses SiC fibers in bulk.

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Global SiC Fibers Market: Regional Analysis

Asia-Pacific is the fastest growing region in the SiC fibers market. Among the largest consumers of SiC fibers, countries included in the Asia Pacific region are China and Japan. Japan is also among the largest producer of SiC fibers and actively supports research and development activities for SiC fibers. Countries such as India, Taiwan and South Korea will also display a significant growth in the SiC fibers market. Growth in Asia Pacific region is mainly due to the increasing environmental awareness and stringent regulations for improving environment performance. Latin America, Europe, the Middle East and Africa, and North American regions follow the growth in the SiC fibers market after Asia Pacific. Overall, the global market for SiC fibers will show a significant growth in the coming future.

Global SiC Fibers Market: Competitive Players

Some of the major companies in the SiC market are UBE Industries, SGL Group- The Carbon Company, COI Ceramics, NGS Advanced Fibers Co. Ltd., Nippon Carbon Co. Ltd., Specialty Materials Inc., Saint-Gobain, Washington Mills and Volzhsky Abrasive Works.

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