Global SiC Fibers Market Overview 2023-2028
The global SiC fibers market size reached US$ 689.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,222.1 Million by 2028, exhibiting a growth rate (CAGR) of 9.5% during 2023-2028.
Silicon carbide (SiC) fibers are advanced composite materials composed of silicon and carbon atoms. These fibers are known for their exceptional strength, high-temperature resistance, and lightweight nature. They can withstand high-temperature environments, making them ideal for use in gas turbine engines. They are used to reinforce composite materials in aircraft and spacecraft, enhancing structural integrity while reducing overall weight. They are also utilized to reinforce brake pads and clutches, improving their durability and performance. Additionally, these fibers are employed in the manufacturing of lightweight and high-strength components for sports equipment, such as tennis rackets and golf clubs. They find applications in the energy sector, particularly in nuclear reactors, where their exceptional thermal stability and resistance to radiation make them valuable for use in fuel rods and structural materials.
Global SiC Fibers Market and Drivers:
The growing need for lightweight and high-strength materials in the aerospace industry to enhance fuel efficiency and performance represents one of the key factors offering a favorable market outlook. SiC fibers offer an ideal solution, as they provide both strength and weight reduction, leading to increased adoption in aircraft and spacecraft manufacturing. In addition, the automotive industry is focusing on reducing emissions and improving fuel efficiency, which is leading to the rising utilization of SiC fibers to produce lightweight components. In line with this, nuclear power generation relies on materials that can withstand extreme temperatures and radiation. The exceptional thermal stability and radiation resistance of SiC fibers make them valuable for applications in nuclear reactors, fuel cladding, and other critical components. Moreover, SiC fibers are used in the renewable energy sector, particularly in wind turbine blades and solar panel manufacturing due to their high-temperature tolerance and durability, which is strengthening the growth of the market. Furthermore, innovations in manufacturing processes are producing cost-effective SiC fibers and making them accessible to a broader range of industries.
Global SiC Fibers Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Advanced Ceramic Fibers LLC, American Elements, BJS Ceramics GmbH, Compagnie de Saint-Gobain S.A., GE Aviation (General Electric Company), Haydale Graphene Industries Plc, NGS Advanced Fibers Co. Ltd., SGL Carbon SE, Specialty Materials Inc., Stanford Advanced Materials, Suzhou Saifei Group Co. Ltd., TISICS Limited and Ube Industries Ltd.
The report segmented the market on the basis of region, type, form, phase, usage and application.
Breakup by Type:
- First Generation
- Second Generation
- Third Generation
Breakup by Form:
- Continuous
- Woven
- Others
Breakup by Phase:
- Crystalline
- Amorphous
Breakup by Usage:
- Composites
- Non-Composites
Breakup by Application:
- Aerospace and Defense
- Energy and Power
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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