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Silicon Carbide (SiC) Fibers market to witness 8.2% CAGR over the next five years

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The report on Silicon Carbide (SiC) Fibers Market is a study offering rich insights on the market opportunities, trends, forecasts, and competitive analysis.

Stratview Research has launched a research report on Silicon Carbide (SiC) Fibers Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Silicon Carbide (SiC) Fibers Market from 2016 to 2021.

This report is segmented in five ways to provide a 360 degree holistic view. The segments are –

  • By Fiber Type (Continuous Fibers,and Short Fibers),
  • by Application Type (Aerospace and Defense, Power Generation, Nuclear and Others),
  • By Usage Type (Composites and Non-Composites),and
  • by Region
  • North America (Country Analysis: USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, UK, Italy, Russia, and Rest of the Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
  • Rest of the World (Country Analysis: Middle East and Latin America)

Stratview Research, has presented the study of Silicon Carbide (SiC) Fibers Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021.

The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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.

 

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Silicon Carbide (SiC) Fibers Market: Highlights & 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.

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.

 

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value.

It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches,.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors.
  • Research Methodology

This report studies the Silicon Carbide (SiC) Fibers Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -

o   Extensive secondary research,

o   Rigorous primary interviews with more than 15 industry stakeholders across the value chain.

o   Validation and triangulation of data with Stratview Research’s internal database and statistical tools.

o   More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

 

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