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In 2022, the worldwide market for silicon carbide fibres was estimated to be worth US$501.9 million. The market is expected to increase at a CAGR of 32.8% from 2022-2030, from $572.9 million to $3,758.8 million. As a result of the unprecedented and catastrophic nature of the global COVID-19 pandemic, demand for silicon carbide fibres has been lower than expected across all areas.
When compared to other high-performance fibres on the market, silicon carbide fibres have an exceptional strength-to-weight ratio. It is anticipated that the market expansion would be further bolstered throughout the forecast period by the excellent performance of SiC fibres under extreme temperature conditions. These fibres also have a high modulus and minimal thermal expansion, and they are chemically resistant. The defence sector is projected to be a major consumer of silicon carbide fibres in the United States. Over the projected period, the SiC market is expected to be driven by rising product use in the manufacturing of energy and power components. Increased consumption is likely to result from the product's widespread availability due to high manufacturing volumes.
The market for silicon carbide (SiC) fibres is growing due to the increasing demand for high-performance composites in a wide range of technical applications. The development of ceramics composites is having an ever-increasing effect on the economy. Researchers and manufacturers alike are taking a serious look at silicon carbide fibres and composites for use in high-temperature structural applications. Silicon carbide fibres are becoming increasingly popular for use in the construction of aeroplane engines, gas turbines and nuclear power plant components. Some of the many qualities that motivate the use of these fibres throughout end-use sectors include their high strength-to-weight ratio and remarkable creep resistance.
Due to their initial scarcity, silicon carbide fibres came at a hefty price. The commercial production of these fibres was mostly located in Japan and the United States. This prompted numerous manufacturers across the world to invest in cutting-edge technology to mass-produce SiC-based fibres. Production efficiency in high-temperature settings is a major research and development priority for many businesses. Sylramic-iBN is a silicon carbide fibre that is non-toxic up to 1,500 degrees Celsius and has been patented by NASA. In this way, the initiative of such players would boost technological innovation to generate fibres, leading to massive manufacturing. During the forecast period, the market stands to benefit enormously from the rising prevalence of technological innovation in fibre production.
SiC fibre is widely used in high-temperature components of aircraft engines because of its great resistance to heat and oxidation, low electrical conductivity, and minimal thermal expansion. As the aviation sector expands and more lightweight, fuel-efficient aeroplanes are produced, demand for SiC fibre rises sharply. Turbine engines, propulsion units, heat exchangers, Thermal Protection Systems (TPS), exhaust nozzles, and combustor liners are just some of the aerospace applications where SiC fibres are being used to replace metals. Matrix deformation is restrained by the use of strong SiC reinforcement, which also boosts load-bearing capacities. Manufacturing SiC-reinforced magnesium alloy allows for its use in aviation, military, and automotive industries.
Growth in the SiC fibre market could be slowed by the material's high price and restricted availability in a variety of forms and dimensions. However, the monolithic SiC's brittle nature can pose unacceptable safety issues in certain applications in the structural, nuclear, and aerospace industries. Silicon carbide is 20-50 times more expensive than silicon, with a price tag of around $800-$2,000 per tonne. The production difficulty contributes to the high price. For example, conventional Czochralski (CZ) growth techniques cannot be used because silicon melts during CZ growth in a Silica crucible at around 1500°C, whereas the melting temperature of silicon carbide is in excess of 2700°C.
Report Coverage
Global Silicon Carbide Fibers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Silicon Carbide Fibers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Silicon Carbide Fibers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Silicon Carbide Fibers market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Silicon Carbide Fibers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Silicon Carbide Fibers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Electric, NGS Advanced Fibers Co., Ltd., UBE Corporation, COIC, Haydale Graphene Industries plc, BJS Ceramics GmbH, Matech, Specialty Materials Inc., Nippon Carbon Co Ltd., and Suzhou Saifei Group Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Silicon Carbide Fibers market based on the below-mentioned segments:
Global Silicon Carbide Fibers Market, By Form
Woven
Continuous
Others
Global Silicon Carbide Fibers market, By Phase
Amorphous
Crystalline
Global Silicon Carbide Fibers Market, By End User
Aerospace
Defense
Power
Mechanical
Others
Global Silicon Carbide Fibers market, Regional Analysis
When compared to other high-performance fibres on the market, silicon carbide fibres have an exceptional strength-to-weight ratio. It is anticipated that the market expansion would be further bolstered throughout the forecast period by the excellent performance of SiC fibres under extreme temperature conditions. These fibres also have a high modulus and minimal thermal expansion, and they are chemically resistant. The defence sector is projected to be a major consumer of silicon carbide fibres in the United States. Over the projected period, the SiC market is expected to be driven by rising product use in the manufacturing of energy and power components. Increased consumption is likely to result from the product's widespread availability due to high manufacturing volumes.
The market for silicon carbide (SiC) fibres is growing due to the increasing demand for high-performance composites in a wide range of technical applications. The development of ceramics composites is having an ever-increasing effect on the economy. Researchers and manufacturers alike are taking a serious look at silicon carbide fibres and composites for use in high-temperature structural applications. Silicon carbide fibres are becoming increasingly popular for use in the construction of aeroplane engines, gas turbines and nuclear power plant components. Some of the many qualities that motivate the use of these fibres throughout end-use sectors include their high strength-to-weight ratio and remarkable creep resistance.
Due to their initial scarcity, silicon carbide fibres came at a hefty price. The commercial production of these fibres was mostly located in Japan and the United States. This prompted numerous manufacturers across the world to invest in cutting-edge technology to mass-produce SiC-based fibres. Production efficiency in high-temperature settings is a major research and development priority for many businesses. Sylramic-iBN is a silicon carbide fibre that is non-toxic up to 1,500 degrees Celsius and has been patented by NASA. In this way, the initiative of such players would boost technological innovation to generate fibres, leading to massive manufacturing. During the forecast period, the market stands to benefit enormously from the rising prevalence of technological innovation in fibre production.
SiC fibre is widely used in high-temperature components of aircraft engines because of its great resistance to heat and oxidation, low electrical conductivity, and minimal thermal expansion. As the aviation sector expands and more lightweight, fuel-efficient aeroplanes are produced, demand for SiC fibre rises sharply. Turbine engines, propulsion units, heat exchangers, Thermal Protection Systems (TPS), exhaust nozzles, and combustor liners are just some of the aerospace applications where SiC fibres are being used to replace metals. Matrix deformation is restrained by the use of strong SiC reinforcement, which also boosts load-bearing capacities. Manufacturing SiC-reinforced magnesium alloy allows for its use in aviation, military, and automotive industries.
Growth in the SiC fibre market could be slowed by the material's high price and restricted availability in a variety of forms and dimensions. However, the monolithic SiC's brittle nature can pose unacceptable safety issues in certain applications in the structural, nuclear, and aerospace industries. Silicon carbide is 20-50 times more expensive than silicon, with a price tag of around $800-$2,000 per tonne. The production difficulty contributes to the high price. For example, conventional Czochralski (CZ) growth techniques cannot be used because silicon melts during CZ growth in a Silica crucible at around 1500°C, whereas the melting temperature of silicon carbide is in excess of 2700°C.
Report Coverage
Global Silicon Carbide Fibers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Silicon Carbide Fibers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Silicon Carbide Fibers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Silicon Carbide Fibers market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | General Electric, NGS Advanced Fibers Co., Ltd., UBE Corporation, COIC, Haydale Graphene Industries plc, BJS Ceramics GmbH, Matech, Specialty Materials Inc., Nippon Carbon Co Ltd., and Suzhou Saifei Group Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Silicon Carbide Fibers Market from 2021 to 2030.
- Market Forecast for Silicon Carbide Fibers Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Silicon Carbide Fibers competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Silicon Carbide Fibers
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Silicon Carbide Fibers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Silicon Carbide Fibers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Electric, NGS Advanced Fibers Co., Ltd., UBE Corporation, COIC, Haydale Graphene Industries plc, BJS Ceramics GmbH, Matech, Specialty Materials Inc., Nippon Carbon Co Ltd., and Suzhou Saifei Group Ltd.
Primary Target Market
- Market Players of Silicon Carbide Fibers
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Silicon Carbide Fibers market based on the below-mentioned segments:
Global Silicon Carbide Fibers Market, By Form
Woven
Continuous
Others
Global Silicon Carbide Fibers market, By Phase
Amorphous
Crystalline
Global Silicon Carbide Fibers Market, By End User
Aerospace
Defense
Power
Mechanical
Others
Global Silicon Carbide Fibers market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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