The higher temperature stability of SiC fibers in comparison to substitutes is anticipated to spur the growth of the Asia Pacific SiC fibers market at a CAGR of 34.9%
Latest market study on “Asia Pacific SiC fibers 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), and Country”. The Asia Pacific SiC fibers market is accounted for US$ 55.6 Mn in 2018 and is expected to grow at a CAGR of 34.9% during the forecast period 2019 - 2027, to account to US$ 854.8 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Based on form, the Asia Pacific SiC fibers market consists of continuous, woven cloth and others. The continuous segment accounted for a major share of the SiC fibers market in the Asia Pacific region in 2018. The SiC continuous fibers are materials that are industrially available with a wide range of applications in the aerospace, weaponry and nuclear environments. The SiC continuous fiber has high corrosion and heat resistance and possesses high strength. The continuous SiC fibers are developed as reinforcement of ceramic matrix composites for the high-temperature structural applications. The continuous SiC fibers contain fine filaments of ultra-fine ß-SiC crystals that are responsible for the strong particle bonding of the fiber. The continuous SiC fiber is widely used in the nuclear environment due to its chemical stability, high toughness, relatively low neutron absorption and mature fabrication technology. These fibers have been gaining growing inclination in the nuclear industry and are being studied all over the globe and are being applied mainly to the engine combustion chamber, friction materials and aerospace heat shield. The continuous SiC fibers are also noted to possess excellent electronic properties too. These fibers are prepared by the hot pressing and vacuum bag infiltration method using the SiC fabric performs. The presence of world leading automobile and aviation companies in China and Japan have generated significant demand for continuous SiC fibers in the Asia Pacific market. While the woven SiC fiber segment is anticipated to grow at a considerable pace during the forecast period. Advanced woven SiC/SiC composites are used in advanced turbine and scramjet engines and nuclear applications.
SiC fibers are widely considered as a key reinforcing agent, which are extensively being used in high performance ceramic matrix or metal matrix composites. It is very expensive and has a limited market, currently. They are largely being used in the turbine section and combustion components of the aero-propulsion and land-based engines of gas turbines. Form segment is bifurcated into continuous, woven cloth, and others. The continuous form of SiC fibers is anticipated to lead the Asia Pacific SiC fibers market in 2018. The usage segment is categorized into composites and non-composites. The composite segment is anticipated to account for a considerable share of the SiC fiber market in the Asia Pacific region in 2018.
The market for Asia Pacific SiC fibers is concentrated with some very well-established players. Some of the key players in the Asia Pacific SiC fibers market include American Elements, General Electric Company, Haydale Technologies Inc., NGS Advanced Fibers Co., Ltd., Suzhou Saifei Group Co., Ltd, Ube Industries, Ltd, Ceramdis GmbH, Nippon Carbon Co Ltd., Hongwu International Group Ltd, and SNAM Group of Companies among others.
Asia Pacific SiC Fibers Market - By Country Breakdown, 2018
The report segments the Asia Pacific SiC fibers market as follows:
Asia Pacific SiC Fibers Market - By Form
Asia Pacific SiC Fibers Market - By Usage
Asia Pacific SiC Fibers Market - By End-Use Industry
Asia Pacific SiC Fibers Market - By Country