SiC Fibers Market Perspective by Comprehensive Analysis Growth Prediction to 2027
The “Global SiC Fiber Market to 2027 – Analysis and Forecasts by Form (Continuous, Woven Cloth, Others), Usage (Composites, Non-Composites), End-Use Industry (Aerospace and Defense, Energy and Power, Industrial, Others)” The scope of study involves understanding on the factors responsible for this growth of SiC Fiber market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant SiC fiber players in the market and their key developments.
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The global SiC fiber market is accounted to US$ 270.0 Mn in 2018 and is expected to grow at a CAGR of 22.2% during the forecast period 2019 – 2027, to account to US$ 3,571.1 Mn by 2027. Asia Pacific is the fastest growing region in the global SiC fibers market. Increasing production capacities by the major manufacturers like Ube Industries, is one of the primary reasons, in boosting the market growth in future. Developing economies like Japan and China are mainly contributing towards the market growth of SiC fibers in the Asia Pacific region. Also, the rising aerospace and defense industry is aiding towards the increasing demand for SiC fibers.
The SiC fiber market is bifurcated based on grade as aerospace and defense, energy and power, industrial and others. In 2018, the aerospace and defense industry segment dominated the global SiC Fiber market. SiC fibers are increasingly being used in the aerospace and defense industry, mainly because of its unique properties like fracture toughness, high temperature, corrosion and wear resistance, high damage tolerance. SiC fibers are increasingly being used as a replacement of the metal alloys as the former can be used for high temperature applications. SiC fibers are highly used in engines of gas turbines, thermal protection systems, thruster nozzles, turbine shrouds, and turbopump components, among others.
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The global SiC fiber market by geography is segmented into six regions, including North America, Europe, Asia Pacific and Rest of the World. The North America region is expected to account for the largest share of the global SiC Fiber market in 2018, followed by Europe. In addition the, United States and Canada are the two key countries in the North America region which are expected to continue its dominance in terms of market share throughout the forecast period from 2019 to 2027. Some of the major players in the SiC fiber market include American Elements., BJS Ceramics GmbH, COI Ceramics, Inc., General Electric Company, Haydale Technologies Inc., Matech, NGS Advanced Fibers Co., Ltd, Specialty Materials, Inc., Suzhou Saifei Group Co., Ltd, and Ube Industries, Ltd. among others.
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TABLE OF CONTENTS
1. Introduction
1.1 Scope Of The Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SiC Fibers Market, by Form
1.3.2 SiC Fibers Market, by Usage
1.3.3 SiC Fibers Market, by End-Use Industry
1.3.4 SiC Fibers Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SiC Fibers Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.2.1 PEST Analysis: North American SiC Fibers Market
4.2.2 PEST Analysis: Europe SiC Fibers Market
4.2.3 PEST Analysis: APAC SiC Fibers Market
4.2.4 PEST Analysis: RoW SiC Fibers Market
4.3 Expert Opinions
5. SiC Fibers Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Growing Demand from Various End-Use Industries
5.1.2 Higher Temperature Stability in Comparison to Substitutes
5.2 Key Market Restraints
5.2.1 High Cost Associated With SiC Fibers
5.3 Key Market Opportunities
5.3.1 Growing Demand of SiC Fibers from Nuclear Industry
5.4 Future Trends
5.4.1 Rising Application of Cost Efficient Alpha Silicon Carbide Fiber
5.5 Impact Analysis Of Drivers And Restraints
6. SiC Fibers Market- Global Market Analysis
6.1 Global SiC Fibers Market Overview
6.2 Global SiC Fibers Market Forecast And Analysis
6.3 Market Positioning – Key Market Players
7. Global SiC Fiber Market Analysis – By Form
7.1 Overview
7.2 Global SiC Fiber Market Breakdown, By Form, 2018 & 2027
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