SiC Fibers Market is expected to reach US$ 1,243.90 million by 2028

Higher Temperature Stability in Comparison to Substitutes to Escalate SiC Fibers Market Growth

According to our latest market study on “SiC Fibers Market to 2028 - Global Analysis and Forecasts – by Form, Usage, and End-Use Industry,” the SiC fibers market size is expected to grow from US$ 450.93 million in 2021 to US$ 1,243.90 million by 2028; it is estimated to grow at a CAGR of 18.5% from 2022 to 2028. The report highlights key factors driving the SiC fibers industry growth and prominent players, along with their developments, in the market.

Silicon carbide fiber is a high-performance ceramic material with carbon and silicon as the main components. The major characteristics of silicon carbide fibers include high-temperature oxidation resistance, high hardness, high strength, high thermal stability, corrosion resistance, and low density. Silicon carbide fibers can deliver better performance than carbon fibers in extreme conditions. With such performance benefits, these fibers have attracted much attention in high-tech fields such as aerospace, and military weapon and equipment manufacturing. It is also commonly used as high-temperature resistant material and reinforcement material. Further, owing to developments in manufacturing technologies, the application of silicon carbide fibers is gradually extended to advanced sports equipment manufacturing, automobile waste gas dust collection, and so on.

Global SiC Fibers Market Breakdown – By Region

Silicon carbide fibers provide a high strength-to-weight ratio in comparison to other several high-performance fibers. They exhibit superior performance under extreme temperature conditions. Silicon carbide fiber composites exhibit superior characteristics compared to monolithic composites and super metallic alloys. Silicon carbide fiber-reinforced composites incorporate low thermal permeability & conductivity, and they can be used in specific temperature, stress, and environmental conditions. A resultant increase in the use of silicon carbide fibers in several industries is gradually triggering the phasing out of metal alloys. This is diving the SiC fibers market growth.

Major players operating in the global 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 focused on investing in research & development activities and new product launches for offering high-quality products to fulfill customer demand. 

The report includes the segmentation of the global SiC fibers market as follows:

The global SiC fibers market is segmented on the basis of form, usage, and end-use industry. The market, by form, is segmented into continuous, woven cloth, and others. On the basis of usage, the market is bifurcated into composites and non-composites. The SiC fibers market, based on end-use industry, is segmented into aerospace & defense, energy & power, industrial, and others. In terms of geography, the SiC fibers market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The SiC fibers market in North America is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. The market in Asia Pacific is further categorized into China, India, Japan, Australia, South Korea, and the rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the rest of Middle East & Africa. The SiC fibers market in South & Central America is further categorized into Brazil, Argentina, and the rest of South & Central America.

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