Silicon Carbide (SiC) Fibers Market Size, Sales, Share and Forecasts by 2027

Global Silicon Carbide (SiC) Fibers Market: Overview

The search for high-performance composites for various engineering applications has stimulated the rapid evolution of the silicon carbide (SiC) fibers market. Advances in ceramics composites industry has increasingly impacted the market’s growth and will continue to do so. SiC fibers and their composites have emerged as robust candidates for researchers and industry players in high-temperature structural applications. SiC fibers use have gathered traction notably in the making of structures for aircraft engines, gas turbines, and nuclear power plants. Among the various properties that drive their utilization across end-use industries in the SiC fibers market are strength-to-weight ratio and outstanding creep resistance.

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Global Silicon Carbide (SiC) Fibers Market: Growth Dynamics

Rising utilization of SiC fibers in the aerospace structural applications is one of the key trends propelling the steady expansion of the SiC fibers market. Developed nations are witnessing sizable demands for these fibers in manufacturing a range of power and energy components, especially in developed nations. The SiC fibers market has increasingly benefitting from relentless efforts made by manufacturers to expand their production capacities over the past few years. New composite chemistries have emerged so as to lend a wide array of unique properties to SiC fibers, which has expanded the opportunities considerably for composite manufacturers especially in emerging economies.

Growing demand for SiC fibers and their composites in the defense industry is bolstering prospects in the SiC fibers market. Of the various product types, continuous silicon carbide fibers have been witnessing widespread demand around the world, especially for the fast growing nuclear power industry. Need for better materials to impart complex shapes in structures used in the defense industry is unlocking new prospects. Over the past few years, processing techniques used in the composite industry have advanced incredibly, opening new doors of opportunities to manufacturer in the silicon carbide (SiC) fibers market.

Global Silicon Carbide (SiC) Fibers Market: Notable Developments

In recent years, SiC fiber-based ceramic matrix composites (CMCs) have attracted the attention of investors in SiC fibers market. The increasing interest has been fueled by a growing body of research that project them as candidates for use in extreme environments. Further, such research initiatives are likely to see faster translation to real-world applications on the back of growing use of modern, cutting-edge design and processing technologies.

A team of researchers at NASA Glenn Research Center to engineer SiC fibers and SiC/SiC ceramic matrix composites (CMCs) is a case in point. The technologies that NASA has patented in non-oxide SiC fibers and matrices show promise in applications in extreme structural and environmental conditions. The fibers developed are called super Sylramic-iBN and Sylramic-iBN. The researchers asserted that their new materials are superior to several other composites notably metallic superalloys, carbon fiber composites, oxide ceramic composites, and monolithic ceramics. Several manufacturers in the silicon carbide (SiC) fibers market are looking for new revenue streams from current as well as new areas of applications of ceramic matrix composites.

Players looking for a sizable stake in the Silicon Carbide (SiC) Fibers Market are:
  • COI Ceramics Inc.
  • Matech Solutions
  • Suzhou Saifei Group
  • Toshiba
  • GE Aviation
  • UBE Industries
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Global Silicon Carbide (SiC) Fibers Market: Regional Assessment

Of the various key regions, North America has been contributing sizable revenues to the global silicon carbide (SiC) fibers market. The rapid growth is underpinned by the rising uptake of SiC fibers in general and commercial aviation, and defense industry. Sizable investments made by the defense and nuclear industry on leveraging the potential of high-performance composites in high-temperature applications have also augmented the potential of the North America silicon carbide (SiC) fibers market over the past several years. Apart from developed regions, developing ones notably the Middle East and Africa is offering promising potential to composite manufacturers in the silicon carbide (SiC) fibers market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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