SiC Fibers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

The SiC fibers market size is expected to grow from US$ 450.93 million in 2021 to US$ 1,243.90 million by 2031; it is estimated to grow at a CAGR of 18.5% from 2022 to 2031.

SiC fibers are primarily composed of silicon carbide molecules, generally ranging from 5 μm to 50 μm in diameter. High temperature capability, lower thermal expansion, lower density, higher oxidative durability, lower permeability, low weight, greater strength, and better thermal conductivity are the key properties of SiC fibers that contribute to their popularity in the aerospace & defense, energy & power, and industrial sectors. As compared with carbon fiber, silicon carbide fiber maintains good performance under extreme conditions. Owing to its good performance, it has attracted huge attention in high-tech fields such as aerospace, military weapons and equipment, and it is commonly used as high-temperature resistant material and reinforcement material. SiC fibers are highly used in high-performance ceramic matrix or metal matrix composites. Common silicon carbide metal matrix composites include silicon carbide reinforced aluminum matrix composites, silicon carbide reinforced titanium matrix composites, silicon carbide reinforced magnesium matrix composites, silicon carbide reinforced copper matrix composites, etc. Silicon carbide can tolerate heat and radiation in nuclear power plants due to features such as strong tensile strength and limited thermal expansion.

In 2021, North America held the largest revenue share of the global SiC fibers market. The market in this region is segmented into countries such as the US, Canada, and Mexico; the US is a significant contributor to the regional market. The SiC fiber market growth in North America is mainly attributed to their use in industries such as energy & power, aerospace, chemical manufacturing, and power generation and nuclear power generation. Moreover, these fibers are being used in commercial and military aircraft engines. Many domestic and international companies have a strong foothold in North America. These companies are striving to bring innovations in their products, along with improving their characteristics and quality.

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SiC Fibers Market: Strategic Insights

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Market Insights

Growing Demand from Various Industries Fuels SiC Fibers Market

SiC fibers are ideal for applications in industries such as aerospace & defense, power & energy, chemicals, and automotive owing to their properties such as high strength, low weight, high temperature-stability, and oxidation and corrosion resistance. The aircraft manufacturers are constantly focused on improving the performance of their commercial and military aircraft models, which indicates the demand for high-performance structural materials. Superior physical properties and stiffness-to-density ratios, coupled with exceptional strength, have also contributed to the acceptance of these materials in the aviation and aerospace industries. Further, SiC fibers are being used in the power generation industry in the manufacturing of land-based gas turbine engines, radiation blankets, furnaces, and components and other materials. They are also used as a key component in reactors, heat exchangers, reformers, and filters in the chemicals industry. Moreover, they are also used in the production of preheaters, recuperators, and radiant tubes in the heat transfer industry. Thus, the growing user base is boosting the demand for SiC fibers.

Form Insights

Based on form, the global market is segmented into continuous, woven cloth, and others. The SiC fibers market share for the continuous form segment was largest in 2021. SiC continuous fibers are highly used in aerospace applications, weaponry, and nuclear environments. The continuous fibers exhibit high corrosion and heat resistance, and high strength. Continuous SiC fibers are developed as the reinforcement of ceramic matrix composites for high-temperature structural applications. The continuous SiC fibers contain fine filaments of ultrafine ß-SiC crystals that are responsible for their strong particle bonding.

Usage Insights

Based on usage, the SiC fibers market is segmented into composites and non-composites. The SiC fibers market share for the composites segment was largest in 2021. The composites usage comprises of ceramic matrix composites (CMC), polymer matrix composites (PMC) and metal matrix composites (MMC). The ceramic matrix composite is a system of materials that are made of ceramic fibers or materials available in a ceramic matrix phase.

Key players operating in the SiC fibers 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. Players operating in the SiC fibers market are focusing on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research & development activities and new product launches.

Report Spotlights

• Progressive industry trends in the SiC fibers market to help players develop effective long-term strategies
• Business growth strategies adopted by companies developed and developing markets
• Quantitative analysis of the SiC fibers industry from 2021 to 2031
• Estimation of global demand for SiC fibers
• PEST analysis for each region
• Recent developments to understand the competitive market scenario
• Market trends, and factors driving and restraining the SiC fibers market growth
• Assistance in decision-making process by highlighting market strategies that underpin commercial interest
• SiC fibers market size at various nodes
• Detailed market overview and segmentation, and the SiC fibers industry dynamics
• Size of the SiC fibers market in various regions with promising growth opportunities

SiC Fibers Market

The global market, by form, is segmented into continuous, woven cloth, and others. Based on usage, the market is bifurcated into composites and non-composites. The SiC fibers market, based on end-use industry, is categorized into aerospace & defense, energy & power, industrial, and others.

Company Profiles

• 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
• Ube Industries, Ltd.

Report Scope

SiC Fibers Market Regional Insights

The regional trends and factors influencing the SiC Fibers Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses SiC Fibers Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

SiC Fibers Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The SiC Fibers Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the SiC Fibers Market are:

1. SiC Fibers Market
2. American Elements
3. BJS Ceramics GmbH
4. COI Ceramics, Inc.
5. General Electric Company

Disclaimer: The companies listed above are not ranked in any particular order.