Silicon Carbide Fibers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Silicon Carbide Fibers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Silicon Carbide Fibers Market
The global silicon carbide (SiC) fibers market size was valued at USD 712.4 million in 2023, and the market is now projected to grow from USD 886.2 million in 2024 to USD 8,410.5 million by 2032, exhibiting a CAGR of 30.8% during the forecast period.
The disruption inside the aerospace industry because of authority’s stringent restrictions implemented at some stage during COVID-19 outbreak substantially impacted the SiC fibers market. The pandemic induced disturbances within the supply chains, and a freeze in raw material intake activities. This compelled plane manufacturers to temporarily close their factories, resulting in an excessive scarcity. However, the market is projected to get better and reinstate silicon carbide fibers market growth.
Silicon carbide fibers are composed of silicon carbide molecules and are particularly constructed from techniques including laser pushed chemical vapor deposition (CVD) and Yajima. These fibers are acknowledged for their inherent capability to face up to excessive temperatures as much as 2700 degrees. Rapidly growing technological improvements in the production of SiC fibers and growing adoption of these in aerospace enterprise is said to drive silicon carbide fibers market share.
The surging technological advancements to further improve fiber properties are anticipated to offer lucrative marketplace growth opportunities for the SiC fibers in the imminent years. As per the latest trend analysis, multiple corporations and research & development centers are now focusing on the effective fiber product manufacturing in high temperature environments.
Comprehensive Analysis of Silicon Carbide Fibers Market
The silicon carbide (SiC) fibers market is seen rising at an exceptional pace owing to its market segmentation. These market segmentations are systematically bifurcated further into form analysis, usage analysis, application analysis, and region. In terms of form, continuous segment holds the largest market share. As per usage, composite segment takes the lead. However, based on application, aerospace and defense dominate the SiC fibers market.
The North American SiC regional market was valued at USD 390.3 million in 2023. Expeditious industrialization and surging technological improvements in SiC fibers are major contributors for this global dominance. U.S. holds the majority SiC fibers market share in the north American region. The swiftly growing production of SiC fibers, improved R&Ds and, the evolving aerospace industry are prominent factors fueling the SiC demand in U.S.
The key silicon carbide fiber industry dominators have adopted techniques consisting of capacity expansion and user agreements. These market leaders continuously focus on capturing market share. These companies include, NGS Advanced Fibers Co., Ltd. (Japan), Specialty Materials (U.S.), UBE Corporation (Japan), American Elements (U.S.), Nanoshel LLC (U.S.), NINGXIA ANTELI CARBON MATERIAL CO. LTD (China), Suzhou Saifei Group Ltd. (China), Haydale Graphene Industries Plc (U.K.), Matech (U.S.), BJS Ceramics GmbH (Germany), SkySpring Nanomaterials, Inc. (U.S.).
In March 2017, Advanced Composite Materials LLC, agreed to enter into a 4-year agreement. This agreement stated that they were to supply silicon carbide microfiber to the global industrial manufacturer of tooling and wear resistant solutions. The agreement was said to have USD 2.6 million potential sales value.
Segmentation Table
Silicon Carbide Fibers Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 30.8% from 2024-2032
Unit Value (USD Million); Volume (Kiloton)
Segmentation By Form, By Usage, By Application, By Geography
By Form Continuous
Woven
Others
By Usage Composites
Non-composites
By Application
Aerospace & Defense
Energy & Power
Industrial
Others
By Geography North America (By Form, By Usage, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Form, By Usage, By Application, By Country)
- Germany (By Application)
- Italy (By Application)
- France (By Application)
- U.K. (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Form, By Usage, By Application, By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- South Korea (By Application)
- Rest of East Asia (By Application)
Rest of World (By Form, By Usage, By Application, By Country)
- Middle East (By Application)
- Africa (By Application)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
Table of Contents
250 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on Global Silicon Carbide Fibers Market
- 5. Global Silicon Carbide Fibers Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Form (Value and Volume)
- 5.2.1. Continuous
- 5.2.2. Woven
- 5.2.3. Others
- 5.3. By Usage (Value and Volume)
- 5.3.1. Composites
- 5.3.2. Non-Composites
- 5.4. By Application (Value and Volume)
- 5.4.1. Aerospace & Defense
- 5.4.2. Energy & Power
- 5.4.3. Industrial
- 5.4.4. Others
- 5.5. By Region (Value and Volume)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of World
- 6. North America Silicon Carbide Fibers Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Form (Value and Volume)
- 6.2.1. Continuous
- 6.2.2. Woven
- 6.2.3. Others
- 6.3. By Usage (Value and Volume)
- 6.3.1. Composites
- 6.3.2. Non-Composites
- 6.4. By Application (Value and Volume)
- 6.4.1. Aerospace & Defense
- 6.4.2. Energy & Power
- 6.4.3. Industrial
- 6.4.4. Others
- 6.5. By Country (Value and Volume)
- 6.5.1. U.S
- 6.5.1.1. By Application (Value and Volume)
- 6.5.1.1.1. Aerospace & Defense
- 6.5.1.1.2. Energy & Power
- 6.5.1.1.3. Industrial
- 6.5.1.1.4. Others
- 6.5.2. Canada
- 6.5.2.1. By Application (Value and Volume)
- 6.5.2.1.1. Aerospace & Defense
- 6.5.2.1.2. Energy & Power
- 6.5.2.1.3. Industrial
- 6.5.2.1.4. Others
- 7. Europe Silicon Carbide Fibers Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Form (Value and Volume)
- 7.2.1. Continuous
- 7.2.2. Woven
- 7.2.3. Others
- 7.3. By Usage (Value and Volume)
- 7.3.1. Composites
- 7.3.2. Non-Composites
- 7.4. By Application (Value and Volume)
- 7.4.1. Aerospace & Defense
- 7.4.2. Energy & Power
- 7.4.3. Industrial
- 7.4.4. Others
- 7.5. By Country (Value and Volume)
- 7.5.1. Germany
- 7.5.1.1. By Application (Value and Volume)
- 7.5.1.1.1. Aerospace & Defense
- 7.5.1.1.2. Energy & Power
- 7.5.1.1.3. Industrial
- 7.5.1.1.4. Others
- 7.5.2. Italy
- 7.5.2.1. By Application (Value and Volume)
- 7.5.2.1.1. Aerospace & Defense
- 7.5.2.1.2. Energy & Power
- 7.5.2.1.3. Industrial
- 7.5.2.1.4. Others
- 7.5.3. France
- 7.5.3.1. By Application (Value and Volume)
- 7.5.3.1.1. Aerospace & Defense
- 7.5.3.1.2. Energy & Power
- 7.5.3.1.3. Industrial
- 7.5.3.1.4. Others
- 7.5.4. U.K.
- 7.5.4.1. By Application (Value and Volume)
- 7.5.4.1.1. Aerospace & Defense
- 7.5.4.1.2. Energy & Power
- 7.5.4.1.3. Industrial
- 7.5.4.1.4. Others
- 7.5.5. Rest of Europe
- 7.5.5.1. By Application (Value and Volume)
- 7.5.5.1.1. Aerospace & Defense
- 7.5.5.1.2. Energy & Power
- 7.5.5.1.3. Industrial
- 7.5.5.1.4. Others
- 8. Asia-Pacific Silicon Carbide Fibers Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Form (Value and Volume)
- 8.2.1. Continuous
- 8.2.2. Woven
- 8.2.3. Others
- 8.3. By Usage (Value and Volume)
- 8.3.1. Composites
- 8.3.2. Non-Composites
- 8.4. By Application (Value and Volume)
- 8.4.1. Aerospace & Defense
- 8.4.2. Energy & Power
- 8.4.3. Industrial
- 8.4.4. Others
- 8.5. By Country (Value and Volume)
- 8.5.1. China
- 8.5.1.1. By Application (Value and Volume)
- 8.5.1.1.1. Aerospace & Defense
- 8.5.1.1.2. Energy & Power
- 8.5.1.1.3. Industrial
- 8.5.1.1.4. Others
- 8.5.2. Japan
- 8.5.2.1. By Application (Value and Volume)
- 8.5.2.1.1. Aerospace & Defense
- 8.5.2.1.2. Energy & Power
- 8.5.2.1.3. Industrial
- 8.5.2.1.4. Others
- 8.5.3. India
- 8.5.3.1. By Application (Value and Volume)
- 8.5.3.1.1. Aerospace & Defense
- 8.5.3.1.2. Energy & Power
- 8.5.3.1.3. Industrial
- 8.5.3.1.4. Others
- 8.5.4. South Korea
- 8.5.4.1. By Application (Value and Volume)
- 8.5.4.1.1. Aerospace & Defense
- 8.5.4.1.2. Energy & Power
- 8.5.4.1.3. Industrial
- 8.5.4.1.4. Others
- 8.5.5. Rest of Asia Pacific
- 8.5.5.1. By Application (Value and Volume)
- 8.5.5.1.1. Aerospace & Defense
- 8.5.5.1.2. Energy & Power
- 8.5.5.1.3. Industrial
- 8.5.5.1.4. Others
- 9. Rest of World Silicon Carbide Fibers Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Form (Value and Volume)
- 9.2.1. Continuous
- 9.2.2. Woven
- 9.2.3. Others
- 9.3. By Usage (Value and Volume)
- 9.3.1. Composites
- 9.3.2. Non-Composites
- 9.4. By Application (Value and Volume)
- 9.4.1. Aerospace & Defense
- 9.4.2. Energy & Power
- 9.4.3. Industrial
- 9.4.4. Others
- 9.5. By Sub-Region (Value and Volume)
- 9.5.1. Latin America
- 9.5.1.1. Middle East & Africa
- 9.5.1.1.1. Aerospace & Defense
- 9.5.1.1.2. Energy & Power
- 9.5.1.1.3. Industrial
- 9.5.1.1.4. Others
- 9.5.2. Middle East & Africa
- 9.5.2.1. By Application (Value and Volume)
- 9.5.2.1.1. Aerospace & Defense
- 9.5.2.1.2. Energy & Power
- 9.5.2.1.3. Industrial
- 9.5.2.1.4. Others
- 10. Company Profiles
- 10.1. NGS Advanced Fibers Co., Ltd.
- 10.1.1. Overview
- 10.1.2. Description
- 10.1.3. Product Portfolio
- 10.1.4. Financials (Data as available in public domain and/or on paid databases)
- 10.1.5. Recent Developments
- 10.2. Specialty Materials
- 10.2.1. Overview
- 10.2.2. Description
- 10.2.3. Product Portfolio
- 10.2.4. Financials (Data as available in public domain and/or on paid databases)
- 10.2.5. Recent Developments
- 10.3. UBE Corporation
- 10.3.1. Overview
- 10.3.2. Description
- 10.3.3. Product Portfolio
- 10.3.4. Financials (Data as available in public domain and/or on paid databases)
- 10.3.5. Recent Developments
- 10.4. American Elements
- 10.4.1. Overview
- 10.4.2. Description
- 10.4.3. Product Portfolio
- 10.4.4. Financials (Data as available in public domain and/or on paid databases)
- 10.4.5. Recent Developments
- 10.5. Nanoshel LLC
- 10.5.1. Overview
- 10.5.2. Description
- 10.5.3. Product Portfolio
- 10.5.4. Financials (Data as available in public domain and/or on paid databases)
- 10.5.5. Recent Developments
- 10.6. NINGXIA ANTELI CARBON MATERIAL CO.. LTD
- 10.6.1. Overview
- 10.6.2. Description
- 10.6.3. Product Portfolio
- 10.6.4. Financials (Data as available in public domain and/or on paid databases)
- 10.6.5. Recent Developments
- 10.7. Suzhou Saifei Group Ltd.
- 10.7.1. Overview
- 10.7.2. Description
- 10.7.3. Product Portfolio
- 10.7.4. Financials (Data as available in public domain and/or on paid databases)
- 10.7.5. Recent Developments
- 10.8. Haydale Graphene Industries Plc
- 10.8.1. Overview
- 10.8.2. Description
- 10.8.3. Product Portfolio
- 10.8.4. Financials (Data as available in public domain and/or on paid databases)
- 10.8.5. Recent Developments
- 10.9. Matech
- 10.9.1. Overview
- 10.9.2. Description
- 10.9.3. Product Portfolio
- 10.9.4. Financials (Data as available in public domain and/or on paid databases)
- 10.9.5. Recent Developments
- 10.10. BJS Ceramics GmbH
- 10.10.1. Overview
- 10.10.2. Description
- 10.10.3. Product Portfolio
- 10.10.4. Financials (Data as available in public domain and/or on paid databases)
- 10.10.5. Recent Developments
- 10.11. SkySpring Nanomaterials, Inc.
- 10.11.1. Overview
- 10.11.2. Description
- 10.11.3. Product Portfolio
- 10.11.4. Financials (Data as available in public domain and/or on paid databases)
- 10.11.5. Recent Developments
- 11. Strategic Recommendations
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
