Europe SiC Fibers Market to 2027 - Regional Analysis and Forecasts By Form (Continuous, Woven Cloth, Others); Usages (Composites, Non-Composites); End-Use Industry (Aerospace and Defense, Energy and Power, Industrial, Others)
The Europe SiC fibers market accounted for US$ 86.2 Mn in 2018 and is predicted to grow at a CAGR of 18.3% during the forecast period 2019 - 2027, to account for US$ 529.9 Mn by 2027.
SiC fibers are composed of silicon carbide molecules, which range in diameter from 5-50 micrometers. They exhibit properties such as higher temperature capability, lower thermal expansion, lower density, higher oxidative durability, lower permeability, light-weight, high strength, and better thermal conductivity. SiC fibers are widely considered as key reinforcing agents and are used in the high-performance ceramic matrix or metal matrix composites.
In 2018, Germany accounted for a significant share of the Europe SiC fibers market. Europe has the presence of some world-leading automobile and aircraft manufacturing companies that generate significant demand for SiC fibers. The region is expected to turn into a lucrative SiC fibers market as it has a robust manufacturing base in countries such as Germany, Italy, and the UK. Moreover, rising investments in the manufacturing ability and production facility of SiC fibers are further expected to fuel the growth of the SiC fibers market in the European region. The construction of efficient nuclear power plants and the rising use of technical ceramics used in their constructions across Europe is anticipated to drive the sales for SiC fibers. The prolific industrial base of highly industrialized countries such as Germany, the UK, France, and Italy is expected to propel the growth of SiC fibers in Europe in the forecast period.
Europe SiC Fibers Market
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Market Insights
Growing Demand from Various End-Use Industries
High strength along with a lightweight, stability over high temperature, and resistance from oxidation and corrosion make SiC fibers an ideal material used across various ends use industries such as aerospace and defense, power and energy, chemical, automotive, and others. The rising focus towards the advancement of the performance of commercial and military aircraft is continuously driving the demand for high-performance structural materials in the aerospace industry. Composite materials have gained acceptance for aviation and aerospace applications owing to exceptional strength coupled with superior physical properties and stiffness-to-density ratios. The aerospace industry is considered as the prime user of SiC fibers. The use of SiC fibers is important for application dealing in extreme mechanical loads at high temperatures (up to 1900 K in the air) and cannot be met out with any metallic material or intermetallic materials. The growing application of silicon carbide fibers reinforced composites is motivating the manufacturers to replace the metal parts in aircraft with the fibers so as to boost the fuel efficiency of aircraft engines and used in the manufacturing of engines, thermal protection systems, and turbopumps. Thus, the growing application base along with a rapid rise in urbanization and industrialization is boosting the demand for SiC fibers in the industry.
Form Insights
Based on form, the Europe SiC fibers market is bifurcated as continuous, woven cloth and others.
The SiC fibers have strong oxidation resistance and are extremely strong fibers that are specially used for high-temperature applications. The composition of carbon, silicon or acute proportions of oxygen present in the fiber depends on the manufacturing process of the SiC fiber. The continuous SiC fiber segment is anticipated to account for a significant share of the SiC fiber market in the Europe region. 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.
Usage Insights
The SiC fiber market is bifurcated on the basis of usage into composites and non-composites. The SiC fibers market is anticipated to witness strong growth in Europe owing to the large demand for SiC fibers from its energy, aviation, and industrial sector. The composite SiC fibers is poised to dominate the Europe SiC fibers market by usage. The composites usage comprises of ceramic matrix composites (CMC), Polymer Matrix Composites (PMC) and Metal Matrix Composites (MMC). The PMC is poised to be a new alternative ceramic in various domestic and engineering applications. This composite that is influenced by the distinguished properties of SiC fiber is used in engineering applications such as marine, automobile, mechanical and others. The versatility offered by the use of composite SiC fibers has made them the preferred material in the construction of turbine engine components, and thermal protection systems in the aerospace applications. The remarkable properties of composite SiC fibers such as high chemical, mechanical and thermal stability with high tensile strength are anticipated to drive the demand for composite SiC fibers in the forecast period.
End-Use Industry Insights
The SiC fibers market is bifurcated on the basis of end-use industry into aerospace and defense, energy and power, industrial, and others. The aerospace and defense industry is expected to generate significant demand for SiC fibers whereas the demand for SiC fibers in the energy and power sector is anticipated to grow at a rapid pace in the forecast period. SiC fibers have gained importance in the aviation sector owing to their lightweight, high strength, and resistance towards oxidation and corrosion. These fibers are preferred over metal alloys in manufacturing aircraft components such as nozzles, combustors, shrouds, and blades of aircraft engines. The SiC fibers composites impart durability and toughness to the various aircraft components. The high modulus of SiC fibers composite makes it structurally suitable in the production of aircraft components. Moreover, the demand for silicon carbide fiber composites is high for manufacturing turbine & combustion section of aero-propulsion engines, which is expected to result in high product demand. The increasing use of aerospace composite materials like SiC fibers has played a significant role in the increased fuel efficiency and weight reduction of aircraft. These properties of the SiC fibers composites have encouraged its use in the aerospace and spacecraft industry.
Rest of Europe SiC Fibers Market by End-Use Industry
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Strategic Insights
New product development, market initiatives, and mergers and acquisitions were observed as the most adopted strategies in Europe SiC fibers market. Few of the recent developments in the Europe SiC fibers market are listed below:
2018: Microcertec Holding the parent company of Microcertec S.A.S, acquired Cérafast. The acquisition of Cerafast will allow both companies to widen their overall product.
2019: BJS Ceramics GmbH announces that it has been awarded EU funding for its “Silicon-Carbide-Fiber Pilot-Production in Europe” (SPE)-Project.
2017: BJS Ceramics GmbH started the construction of a ceramic fiber pilot plant in Bayreuth, Germany.
EUROPE SiC FIBERS MARKET SEGMENTATION
Europe SiC Fibers Market - By Form
- Continuous
- Woven Cloth
- Others
Europe SiC Fibers Market - By Usage
- Composites
- Non-Composites
Europe SiC Fibers Market - By End-Use Industry
- Aerospace and Defense Industrial, Others
- Energy and Power
- Industrial
- Others
Europe SiC Fibers Market - By Country
- Germany
- France
- Italy
- UK
- Rest Of Europe
Company Profiles
- American Elements
- BJS Ceramics GmbH
- General Electric Company
- Haydale Technologies Inc.
- NGS Advanced Fibers Co., Ltd.
- Ube Industries, Ltd
- TISICS Ltd
- Microcertec S.A.S
- Ceramdis GmbH
- International Syalons (Newcastle) Limited
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe SiC Fibers Market – By Form
1.3.2 Europe SiC Fibers Market – By Usage
1.3.3 Europe SiC Fibers Market – By End–Use Industry
1.3.4 Europe SiC Fibers market – By Country
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
4.1.1 PEST Analysis: Europe SiC Fibers Market
4.2 Expert Opinions
5. SiC Fibers Market – Key Industry Dynamics
5.1 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 – Europe Market Analysis
6.1 Europe SiC Fibers Market Overview
6.2 Europe SiC Fibers Market Forecast and Analysis
7. Europe SiC Fibers Market Analysis – By Form
7.1 Overview
7.2 Europe SiC Fibers Market Breakdown, By Form, 2018 & 2027
7.3 Continuous
7.3.1 Overview
7.3.2 Europe Continuous SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
7.4 Woven Cloth
7.4.1 Overview
7.4.2 Europe Woven Cloth SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Europe Others Market Revenue Forecasts To 2027 (US$ Mn)
8. Europe SiC Fibers Market Analysis – By Usage
8.1 Overview
8.2 Europe SiC Fibers Market Breakdown, By Usage, 2018 & 2027
8.3 Composites
8.3.1 Overview
8.3.2 Europe Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
8.4 Non–Composites
8.4.1 Overview
8.4.2 Europe Non–Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
9. Europe SiC Fibers Market Analysis – By End-Use Industry
9.1 Overview
9.2 Europe SiC Fibers Market Breakdown, By End-Use Industry, 2018 & 2027
9.3 Aerospace and Defense
9.3.1 Overview
9.3.2 Europe Aerospace and Defense Market Revenue Forecasts To 2027 (US$ Mn)
9.4 Energy and Power
9.4.1 Overview
9.4.2 Europe Energy and Power Market Revenue Forecasts To 2027 (US$ Mn)
9.5 Industrial
9.5.1 Overview
9.5.2 Europe Industrial Market Revenue Forecasts To 2027 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Europe Others Market Revenue Forecasts To 2027 (US$ Mn)
10. SiC Fibers Market – Country Analysis
10.1 Overview
10.1.1 Europe SiC Fibers Market Breakdown, by Country
10.1.1.1 Germany SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
10.1.1.1.1 Germany SiC Fibers Market Breakdown By Form
10.1.1.1.2 Germany SiC Fibers Market Breakdown by Usage
10.1.1.1.3 Germany SiC Fibers Market Breakdown By End-Use Industry
10.1.1.2 France SiC Fibers Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.2.1 France SiC Fibers Market Breakdown by Form
10.1.1.2.2 France SiC Fibers Market Breakdown by Usage
10.1.1.2.3 France SiC Fibers Market Breakdown by End-Use Industry
10.1.1.3 Italy SiC Fibers Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.3.1 Italy SiC Fibers Market Breakdown by Form
10.1.1.3.2 Italy SiC Fibers Market Breakdown by Usage
10.1.1.3.3 Italy SiC Fibers Market Breakdown by End-Use Industry
10.1.1.4 United Kingdom SiC Fibers Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.4.1 United Kingdom SiC Fibers Market Breakdown by Form
10.1.1.4.2 United Kingdom SiC Fibers Market Breakdown by Usage
10.1.1.4.3 United Kingdom SiC Fibers Market Breakdown by End-Use Industry
10.1.1.5 Rest of Europe SiC Fibers Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.5.1 Rest of Europe SiC Fibers Market Breakdown by Form
10.1.1.5.2 Rest of Europe SiC Fibers Market Breakdown by Usage
10.1.1.5.3 Rest of Europe SiC Fibers Market Breakdown by End-Use Industry
11. Industry Landscape
11.1 Overview
11.2 Merger And Acquisition
11.3 Investment Scenario
11.4 Market Initiatives
12. Company Profiles
12.1 American Elements
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 BJS Ceramics GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 General Electric Company
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Haydale Technologies Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 NGS Advanced Fibers Co., Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Ube Industries, Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 TISICS Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Microcertec S.A.S
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Ceramdis GmbH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.10 International Syalons (Newcastle) Limited.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Europe SiC Fibers Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Europe SiC Fibers Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 3. Europe SiC Fibers Market Revenue and Forecasts to 2027 – By Usage (US$ Mn)
Table 4. Europe SiC Fibers Market Revenue and Forecasts to 2027 – By End–Use Industry (US$ Mn)
Table 5. Germany SiC Fibers Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 6. Germany SiC Fibers Market Revenue and Forecasts to 2027 – By Usage (US$ Mn)
Table 7. Germany SiC Fibers Market Revenue And Forecasts To 2027 – By End–Use Industry (US$ Mn)
Table 8. France SiC Fibers Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 9. France SiC Fibers Market Revenue And Forecasts To 2027 – By Usage (US$ Mn)
Table 10. France SiC Fibers Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)
Table 11. Italy SiC Fibers Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 12. Italy SiC Fibers Market Revenue And Forecasts To 2027 – By Usage (US$ Mn)
Table 13. Italy SiC Fibers Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)
Table 14. United Kingdom SiC Fibers Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 15. United Kingdom SiC Fibers Market Revenue And Forecasts To 2027 – By Usage (US$ Mn)
Table 16. United Kingdom SiC Fibers Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)
Table 17. Rest of Europe SiC Fibers Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 18. Rest of Europe SiC Fibers Market Revenue And Forecasts To 2027 – By Usage (US$ Mn)
Table 19. Rest of Europe SiC Fibers Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)
Table 20. Glossary of Terms, Europe SiC Fibers Market
LIST OF FIGURES
Figure 1. Europe SiC Fibers Market Segmentations
Figure 2. Europe SiC Fibers market Segmentation – By Country
Figure 3. Europe SiC Fibers Market Overview
Figure 4. Aerospace and Defense Segment Held Largest Share In The Europe SiC Fibers Market
Figure 1. Germany Dominated The Europe SiC Fibers Market In 2018
Figure 2. Europe SiC Fibers Market, Industry Landscape
Figure 3. PEST Analysis for Europe SiC Fibers Market
Figure 4. SiC Fibers Market Impact Analysis Of Driver And Restraints
Figure 5. Europe SiC Fibers Market Forecast And Analysis, (US$ Mn)
Figure 6. Europe SiC Fibers market Breakdown by Form, 2018 & 2027 (%)
Figure 7. Europe Continuous SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
Figure 8. Europe Woven Cloth SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
Figure 9. Europe Others Market Revenue Forecasts To 2027 (US$ Mn)
Figure 10. Europe SiC Fibers Market Breakdown by Usage, 2018 & 2027 (%)
Figure 11. Europe Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
Figure 12. Europe Non–Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
Figure 13. Europe SiC Fibers Market Breakdown by End–Use Industry, 2018 & 2027 (%)
Figure 14. Europe Aerospace and Defense Market Revenue Forecasts To 2027 (US$ Mn)
Figure 15. Europe Energy and Power Market Revenue Forecasts To 2027 (US$ Mn)
Figure 16. Europe Industrial Market Revenue Forecasts To 2027 (US$ Mn)
Figure 17. Europe Others Market Revenue Forecasts To 2027 (US$ Mn)
Figure 18. Europe SiC Fibers Market Breakdown by Country, 2018 & 2027(%)
Figure 19. Germany SiC Fibers Market Forecasts To 2027 (US$ Mn)
Figure 20. France SiC Fibers Market Revenue And Forecasts To 2027 (US$ MN)
Figure 21. Italy SiC Fibers Market Revenue And Forecasts To 2027 (US$ MN)
Figure 22. United Kingdom SiC Fibers Market Revenue And Forecasts To 2027 (US$ MN)
Figure 23. Rest of Europe SiC Fibers Market Revenue and Forecasts To 2027 (US$ MN)
The List of Companies - Europe SiC Fibers Market
- American Elements
- BJS Ceramics GmbH
- General Electric Company
- Haydale Technologies Inc.
- NGS Advanced Fibers Co., Ltd.
- Ube Industries, Ltd
- TISICS Ltd
- Microcertec S.A.S
- Ceramdis GmbH
- International Syalons (Newcastle) Limited
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Europe SiC fibers market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.