Chemicals Industry Today
The Market of Silicon Carbide (SiC) Fibers is to grow at CAGR 8.2% by 2021
This report, from Stratview Research, studies the global silicon carbide (SiC) fibers market over the period 2010 to 2021.
Published 13 August 2019
The new report of Stratview Research analyses the Silicon Carbide (SiC) Fibers Market over the trend period from 2010 to 2015 and forecast period from 2016 to 2021. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/164/silicon-carbide-fibers-market.html
The Global Silicon Carbide (SiC) Fibers Market: The Growth Prognosis & its Drivers
SiC fibers have been the hot topic for research and development from last 20 years. SiC fibers offers many advantages, such as lightweight, high hardness and superior thermal & chemical resistance. The global silicon carbide fibers market offers good growth opportunity and is likely to grow at 8.2% CAGR during the forecast period of 2016 to 2021. Technological advancement, development of new applications in high temperature areas, and high focus of major engine manufacturers to increase the use of SiC fibers in upcoming engine models for commercial and military aircraft are likely to drive the SiC fibers market.
Market Segments
Aerospace and Defense segment is expected to experience the fastest growth during the forecast period driven by continuous development of new applications in high temperature areas (1,100°C to 1,600°C) of the aircraft engines. SiC Fibers based composites have one-third density to the nearest rival Nickel metal alloys and therefore reduce the overall engine weight significantly. Further, high temperature properties of ceramic matrix composites enhance overall engine performance, durability, and fuel economy. LEAP engine, developed by CFM International for A320neo and B737max platforms will have SiC fibers based ceramic matrix composites in its turbine shrouds. Shrouds are stationary parts in the high pressure turbine that direct air and ensure turbine blade efficiency.
Continuous SiC fibers also known as tow, are expected to experience the fastest growth during the forecast period. Continuous fibers are suitable for ceramic matrix composites (CMC), metal matrix composites (MMC), and polymer matrix composites (PMC). They (continuous fibers) are widely preferred in the aerospace and defense industry.
Composites (CMC, MMC, and PMC) is expected to remain the largest SiC application type during the forecast period. Ceramic matrix composites are the leading composites type and are used in the many applications from aerospace to power generation to nuclear industry.
North America is expected to remain the largest market for SiC fibers during the forecast period driven by presence of major aircraft engine manufacturers and high demand of CMC components in other industries including power generation and nuclear. Asia-Pacific region is expected to witness the fastest growth during the forecast period, driven by growing aerospace and defense industry.
Market Players
The supply chain of this market comprises raw material suppliers, SiC fiber manufacturers, composite parts manufacturers, engine manufacturers, OEMs, and airline companies. The key SiC fiber manufacturers are NGS Advanced Fibers Co. Ltd., COI Ceramics, Specialty Materials, Saint-Gobain, UBE Industries, and Volzhsky Abrasive Works.
Technological development, new product development for high performance applications, and strategic alliances are the key strategies adopted by the key players to gain competitive edge in the market.
Comprehensive Market Coverage
Click here for other reports from Stratview Research in the Advanced Materials Industry:
https://www.stratviewresearch.com/market-reports/Advanced-Materials.html
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/164/silicon-carbide-fibers-market.html
The Global Silicon Carbide (SiC) Fibers Market: The Growth Prognosis & its Drivers
SiC fibers have been the hot topic for research and development from last 20 years. SiC fibers offers many advantages, such as lightweight, high hardness and superior thermal & chemical resistance. The global silicon carbide fibers market offers good growth opportunity and is likely to grow at 8.2% CAGR during the forecast period of 2016 to 2021. Technological advancement, development of new applications in high temperature areas, and high focus of major engine manufacturers to increase the use of SiC fibers in upcoming engine models for commercial and military aircraft are likely to drive the SiC fibers market.
Market Segments
Aerospace and Defense segment is expected to experience the fastest growth during the forecast period driven by continuous development of new applications in high temperature areas (1,100°C to 1,600°C) of the aircraft engines. SiC Fibers based composites have one-third density to the nearest rival Nickel metal alloys and therefore reduce the overall engine weight significantly. Further, high temperature properties of ceramic matrix composites enhance overall engine performance, durability, and fuel economy. LEAP engine, developed by CFM International for A320neo and B737max platforms will have SiC fibers based ceramic matrix composites in its turbine shrouds. Shrouds are stationary parts in the high pressure turbine that direct air and ensure turbine blade efficiency.
Continuous SiC fibers also known as tow, are expected to experience the fastest growth during the forecast period. Continuous fibers are suitable for ceramic matrix composites (CMC), metal matrix composites (MMC), and polymer matrix composites (PMC). They (continuous fibers) are widely preferred in the aerospace and defense industry.
Composites (CMC, MMC, and PMC) is expected to remain the largest SiC application type during the forecast period. Ceramic matrix composites are the leading composites type and are used in the many applications from aerospace to power generation to nuclear industry.
North America is expected to remain the largest market for SiC fibers during the forecast period driven by presence of major aircraft engine manufacturers and high demand of CMC components in other industries including power generation and nuclear. Asia-Pacific region is expected to witness the fastest growth during the forecast period, driven by growing aerospace and defense industry.
Market Players
The supply chain of this market comprises raw material suppliers, SiC fiber manufacturers, composite parts manufacturers, engine manufacturers, OEMs, and airline companies. The key SiC fiber manufacturers are NGS Advanced Fibers Co. Ltd., COI Ceramics, Specialty Materials, Saint-Gobain, UBE Industries, and Volzhsky Abrasive Works.
Technological development, new product development for high performance applications, and strategic alliances are the key strategies adopted by the key players to gain competitive edge in the market.
Comprehensive Market Coverage
Click here for other reports from Stratview Research in the Advanced Materials Industry:
https://www.stratviewresearch.com/market-reports/Advanced-Materials.html
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