SiC Fibers Market to Grow at a CAGR of 22.2% by 2027 with Key Players American Elements, BJS Ceramics, COI Ceramics, General Electric Company

North America is dominating the market and holds the largest share in the global SiC fibers market. The demand for these fibers is rising in the North America region from various end-use industries such as energy and power, aerospace, chemical manufacturing, and others. More specifically, these fibers are increasingly being used in commercial and military aircraft engines in the region. The Asia Pacific is the fastest-growing region in the global SiC fibers market. Increasing production capacities by major manufacturers like Ube Industries is one of the primary reasons for boosting the market growth in the future. Developing economies like Japan and China are mainly contributing to 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 market for global SiC fiber is concentrated with some very well-established players. Some of the key players in the global SiC fiber market include The demand for alpha-SiC Fibers ceramic material is rising in comparison to βbeta-SiC fibers as they offer high tensile strength and durability, lightweight, higher thermal conductivity, better resistance to corrosion, and oxidation among others.   

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The growth of the nuclear power industry has generated the need for the use of advanced technology and improved methods. SiC fibers are considered as an important material which is increasingly being used in various nuclear applications. It is attributed to its ability to bear high temperatures coupled with lightweight and high tensile strength, which derives its utilities in the nuclear sector. Moreover, these fibers are known to offer resistance to corrosion and oxidation and are effectively used to produce several materials such as nuclear fission and fusion reactors as fuel cladding and radiation blankets in the nuclear industry. With such intrinsic properties and uses, SiC fibers have outperformed the use of metallic and non-metallic materials.

Key Players: SiC Fibers Market

• American Elements
• BJS Ceramics GmbH
• COI Ceramics, Inc.
• General Electric Company
• Haydale Technologies Inc.
• Free Form Fibers
• NGS Advanced Fibers
• Specialty Materials, Inc.
• Suzhou Saifei Group Co., Ltd
• Ube Industries, Ltd.

Growing demand from various end-use industries is expected to boost the demand for SiC fibers

SiC fibers are manufactured with the help of pyrolysis of organosilicon polymers, such as polycarbosilane. Another method for the production of SiC Fibers is the use of the CVD (chemical vapor deposition) method. High strength along with a lightweight, stability over high temperature, and resistance from oxidation and corrosion make it an ideal material to be 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. Therefore, growing demand from various end-use industry is projected to boost the SiC fibers market over the forecast period.

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GLOBAL SIC FIBERS MARKET SEGMENTATION

By Form

• Continuous
• Woven Cloth
• Others

By Usage

• Composites
• Non-Composites

By End-Use Industry

• Aerospace and Defense
• Energy and Power
• Industrial
• Others