Silicon Carbide Fibers Market Forecasts to 2028 - Global Analysis By Phase (Amorphous and Crystalline), Usage (Non-composites and Composites), Form(Woven, Continuous and Other Forms), Application and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $666.5 BN |
|
Projected Year Value (2028) |
US $3655.9 BN |
|
CAGR (2022 - 2028) |
32.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Silicon Carbide Fibers Market is accounted for $666.5 billion in 2022 and is expected to reach $3655.9 billion by 2028 growing at a CAGR of 32.8% during the forecast period. Silicon Carbide is a semiconductor containing silicon and carbon and is one of the toughest materials in the world. The silicon carbide fibers basically are manufactured from the silicon carbide crystallites and an amorphous mix of carbon, silicon, and oxygen. It is a high-performance ceramic material composed mainly of silicon carbide molecules. This is one of the emerging lightweight materials, which is progressively expediting in aerospace, energy, and power industries. It has high-performance properties such as low density, lightweight, high stiffness, high chemical resistance, high tensile strength, and high-temperature tolerance.
According to World Nuclear Association, Asia is the main region where electricity generating capacity is significantly rising. Countries such as China, India, Japan, and South Korea among others are rapidly investing to build new nuclear power plants which are driven by the need to curb air pollution from coal-fired plants and to meet the rising demand for clean electricity.
Market Dynamics:
Driver:
Increase in the demand for silicon carbide fiber
Silicon carbide fibers exhibit various properties including high heat resistance, chemical stability, high modulus, lightweight, and durability, among others. This makes them ideal for use in a variety of aerospace applications. In addition, the growing focus on reducing the overall weight of the aircraft has increased the demand for advanced and lightweight materials. All these factors are driving the growth of the market.
Restraint:
High production costs
The high price of silicon carbide fibers restrains its adoption in various applications. Increasing advancement in silicon carbide leads to the requirement of big machinery, which raises overall cost and thereby increases the prices. Furthermore, naturally silicon carbide is rarely available, therefore companies use excessive furnace techniques to manufacture the compound from silicon. As a result, this impacts product manufacturing and processing costs. Hence, such factors act as a major restraint for the market growth.
Opportunity:
Surging demand for ceramic metric composites
The rising adoption of silicon carbide-based fibers in Ceramic Matrix Composites (CMCs) will flourish the market growth. The growth is attributed to beneficial characteristics such as superior thermal resistance and high mechanical strength. Additionally, this fiber offers excellent properties, including corrosion resistance, oxidation resistance, adjustable resistivity, and low density, making it an ideal reinforcement and incomparable to other inorganic fibers. These factors are boosting the market expansion.
Threat:
Environmental effects
Silicon Carbide ceramics are widely used at high-temperature fields. The raw materials, manufacture process and application fields are all related to heavy energy consumption and pollutions, and bring high environmental loads. Silicon carbide is not available as natural mineral. Hence excessive furnace techniques are needed to produce the compound. However, it is available in limited shapes and sizes are the factors hampering the market growth.
Covid-19 Impact
The COVID-19 pandemic-related government restrictions that disrupted the aerospace industry had a substantial impact on the market. Containment, disruptions in the supply chain, and a freeze in consumer activities were all brought on by this pandemic. Due to a serious lack of educated and skilled workers, aircraft manufacturers were compelled to close their plants, and as a result, aircraft manufacturing remained suspended. Manufacturing activities have been halted due to various government regulations across the globe.
The continuous segment is expected to be the largest during the forecast period
The continuous segment is estimated to have a lucrative growth, due to properties like high strength, high heat, and corrosion resistance. These fibers provide superior performance under high-radiation environment, thus, generating high traction from nuclear power generation industry. A majority of ceramic matrix composites reinforced with continuous filaments offer superior weight saving and high toughness. Hence, these are the factors fueling the growth of the market.
The aerospace & defence segment is expected to have the highest CAGR during the forecast period
The aerospace & defence segment is anticipated to witness the fastest CAGR growth during the forecast period, due to rising application scope of silicon carbide fibers in aircraft manufacturing. Silicon carbide fiber composites are witnessing rapid penetration in component manufacturing for turbine & combustion section of aero-propulsion engines. This fibers reinforced composite are broadly replacing the metal parts in aircraft owing to their light weight and heat resistance, which is expected to enhance the fuel efficiency of aircraft engines.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to their superior strength and temperature resistance and continuous fibers are increasing in demand in energy and power applications. Rising efforts by manufacturers to incorporate silicon carbide in their products are expected to positively impact the market growth in the region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the rise in demand for these fibers in general and commercial aviation, and defence industries. Sizable investments made by the defence and nuclear industry on leveraging the potential of high-performance composites in high-temperature applications have also augmented the potential of the silicon carbide fibers market in.
Key players in the market
Some of the key players profiled in the Silicon Carbide Fibers Market include COI Ceramics Inc, BJS Ceramics GmbH, Haydale Graphene Industries PLC, GE Aviation, Nippon Carbon Co. Ltd, Matech Solutions, Specialty materials inc., NGS Advanced Fibers Co. Ltd, Ube Industries Ltd, SkySpring Nanomaterials, Inc., Suzhou Saifei Group Ltd, Nanoshel LLC, Insanco inc, American Elements, Ningxia anteli carbon material co. Ltd, Calix ceramic solutions, Grindwell Norton ltd, Volzhsky Abrasive Works, Triveni Interchem Pvt. Ltd. and Aremco Products, Inc.
Key Developments:
In September 2021, BJS Ceramics GmbH presents its first Silicon Carbide Fibers made in Bavaria to the Bavarian Ministry of Commerce.
In June 2021, Nippon Chemi-Con Corporation and Asahi Carbon Co., Ltd. have agreed to collaborate on the development of mass production technology and manufacturing of NH CarbonTM, a conductive assistant for lithium-ion batteries.
In April 2018, Haydale Technologies announced an expansion to its portfolio of quality products. Haydale Technologies planned to offer ultrahigh-purity silicon carbide particulate in various sizes.
Phases Covered:
• Amorphous
• Crystalline
Usages Covered:
• Non-composites
• Composites
Forms Covered:
• Woven
• Continuous
• Other Forms
Applications Covered:
• Industrial
• Aerospace & Defence
• Energy & Power
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Silicon Carbide Fibers Market, By Phase
5.1 Introduction
5.2 Amorphous
5.3 Crystalline
6 Global Silicon Carbide Fibers Market, By Usage
6.1 Introduction
6.2 Non-composites
6.3 Composites
7 Global Silicon Carbide Fibers Market, By Form
7.1 Introduction
7.2 Woven
7.3 Continuous
7.4 Other Forms
8 Global Silicon Carbide Fibers Market, By Application
8.1 Introduction
8.2 Industrial
8.3 Aerospace & Defense
8.4 Energy & Power
8.5 Other Applications
9 Global Silicon Carbide Fibers Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 COI Ceramics Inc
11.2 BJS Ceramics GmbH
11.3 Haydale Graphene Industries PLC
11.4 GE Aviation
11.5 Nippon Carbon Co. Ltd
11.6 Matech Solutions
11.7 Specialty materials inc.
11.8 NGS Advanced Fibers Co. Ltd
11.9 Ube Industries Ltd
11.10 SkySpring Nanomaterials, Inc.
11.11 Suzhou Saifei Group Ltd
11.12 Nanoshel LLC
11.13 Insanco inc
11.14 American Elements
11.15 Ningxia anteli carbon material co. Ltd
11.16 Calix ceramic solutions
11.17 Grindwell Norton ltd
11.18 Volzhsky Abrasive Works
11.19 Triveni Interchem Pvt. Ltd.
11.20 Aremco Products, Inc.
List of Tables
1 Global Silicon Carbide Fibers Market Outlook, By Region (2020-2028) ($MN)
2 Global Silicon Carbide Fibers Market Outlook, By Phase (2020-2028) ($MN)
3 Global Silicon Carbide Fibers Market Outlook, By Amorphous (2020-2028) ($MN)
4 Global Silicon Carbide Fibers Market Outlook, By Crystalline (2020-2028) ($MN)
5 Global Silicon Carbide Fibers Market Outlook, By Usage (2020-2028) ($MN)
6 Global Silicon Carbide Fibers Market Outlook, By Non-composites (2020-2028) ($MN)
7 Global Silicon Carbide Fibers Market Outlook, By Composite (2020-2028) ($MN)
8 Global Silicon Carbide Fibers Market Outlook, By Form (2020-2028) ($MN)
9 Global Silicon Carbide Fibers Market Outlook, By Woven (2020-2028) ($MN)
10 Global Silicon Carbide Fibers Market Outlook, By Continuous (2020-2028) ($MN)
11 Global Silicon Carbide Fibers Market Outlook, By Other Forms (2020-2028) ($MN)
12 Global Silicon Carbide Fibers Market Outlook, By Application (2020-2028) ($MN)
13 Global Silicon Carbide Fibers Market Outlook, By Industrial (2020-2028) ($MN)
14 Global Silicon Carbide Fibers Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
15 Global Silicon Carbide Fibers Market Outlook, By Energy & Power (2020-2028) ($MN)
16 Global Silicon Carbide Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
17 North America Silicon Carbide Fibers Market Outlook, By Country (2020-2028) ($MN)
18 North America Silicon Carbide Fibers Market Outlook, By Phase (2020-2028) ($MN)
19 North America Silicon Carbide Fibers Market Outlook, By Amorphous (2020-2028) ($MN)
20 North America Silicon Carbide Fibers Market Outlook, By Crystalline (2020-2028) ($MN)
21 North America Silicon Carbide Fibers Market Outlook, By Usage (2020-2028) ($MN)
22 North America Silicon Carbide Fibers Market Outlook, By Non-composites (2020-2028) ($MN)
23 North America Silicon Carbide Fibers Market Outlook, By Composites (2020-2028) ($MN)
24 North America Silicon Carbide Fibers Market Outlook, By Form (2020-2028) ($MN)
25 North America Silicon Carbide Fibers Market Outlook, By Woven (2020-2028) ($MN)
26 North America Silicon Carbide Fibers Market Outlook, By Continuous (2020-2028) ($MN)
27 North America Silicon Carbide Fibers Market Outlook, By Other Forms (2020-2028) ($MN)
28 North America Silicon Carbide Fibers Market Outlook, By Application (2020-2028) ($MN)
29 North America Silicon Carbide Fibers Market Outlook, By Industrial (2020-2028) ($MN)
30 North America Silicon Carbide Fibers Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
31 North America Silicon Carbide Fibers Market Outlook, By Energy & Power (2020-2028) ($MN)
32 North America Silicon Carbide Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
33 Europe Silicon Carbide Fibers Market Outlook, By Country (2020-2028) ($MN)
34 Europe Silicon Carbide Fibers Market Outlook, By Phase (2020-2028) ($MN)
35 Europe Silicon Carbide Fibers Market Outlook, By Amorphous (2020-2028) ($MN)
36 Europe Silicon Carbide Fibers Market Outlook, By Crystalline (2020-2028) ($MN)
37 Europe Silicon Carbide Fibers Market Outlook, By Usage (2020-2028) ($MN)
38 Europe Silicon Carbide Fibers Market Outlook, By Non-composites (2020-2028) ($MN)
39 Europe Silicon Carbide Fibers Market Outlook, By Composites (2020-2028) ($MN)
40 Europe Silicon Carbide Fibers Market Outlook, By Form (2020-2028) ($MN)
41 Europe Silicon Carbide Fibers Market Outlook, By Woven (2020-2028) ($MN)
42 Europe Silicon Carbide Fibers Market Outlook, By Continuous (2020-2028) ($MN)
43 Europe Silicon Carbide Fibers Market Outlook, By Other Forms (2020-2028) ($MN)
44 Europe Silicon Carbide Fibers Market Outlook, By Application (2020-2028) ($MN)
45 Europe Silicon Carbide Fibers Market Outlook, By Industrial (2020-2028) ($MN)
46 Europe Silicon Carbide Fibers Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
47 Europe Silicon Carbide Fibers Market Outlook, By Energy & Power (2020-2028) ($MN)
48 Europe Silicon Carbide Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
49 Asia Pacific Silicon Carbide Fibers Market Outlook, By Country (2020-2028) ($MN)
50 Asia Pacific Silicon Carbide Fibers Market Outlook, By Phase (2020-2028) ($MN)
51 Asia Pacific Silicon Carbide Fibers Market Outlook, By Amorphous (2020-2028) ($MN)
52 Asia Pacific Silicon Carbide Fibers Market Outlook, By Crystalline (2020-2028) ($MN)
53 Asia Pacific Silicon Carbide Fibers Market Outlook, By Usage (2020-2028) ($MN)
54 Asia Pacific Silicon Carbide Fibers Market Outlook, By Non-composites (2020-2028) ($MN)
55 Asia Pacific Silicon Carbide Fibers Market Outlook, By Composites (2020-2028) ($MN)
56 Asia Pacific Silicon Carbide Fibers Market Outlook, By Form (2020-2028) ($MN)
57 Asia Pacific Silicon Carbide Fibers Market Outlook, By Woven (2020-2028) ($MN)
58 Asia Pacific Silicon Carbide Fibers Market Outlook, By Continuous (2020-2028) ($MN)
59 Asia Pacific Silicon Carbide Fibers Market Outlook, By Other Forms (2020-2028) ($MN)
60 Asia Pacific Silicon Carbide Fibers Market Outlook, By Application (2020-2028) ($MN)
61 Asia Pacific Silicon Carbide Fibers Market Outlook, By Industrial (2020-2028) ($MN)
62 Asia Pacific Silicon Carbide Fibers Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
63 Asia Pacific Silicon Carbide Fibers Market Outlook, By Energy & Power (2020-2028) ($MN)
64 Asia Pacific Silicon Carbide Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
65 South America Silicon Carbide Fibers Market Outlook, By Country (2020-2028) ($MN)
66 South America Silicon Carbide Fibers Market Outlook, By Phase (2020-2028) ($MN)
67 South America Silicon Carbide Fibers Market Outlook, By Amorphous (2020-2028) ($MN)
68 South America Silicon Carbide Fibers Market Outlook, By Crystalline (2020-2028) ($MN)
69 South America Silicon Carbide Fibers Market Outlook, By Usage (2020-2028) ($MN)
70 South America Silicon Carbide Fibers Market Outlook, By Non-composites (2020-2028) ($MN)
71 South America Silicon Carbide Fibers Market Outlook, By Composites (2020-2028) ($MN)
72 South America Silicon Carbide Fibers Market Outlook, By Form (2020-2028) ($MN)
73 South America Silicon Carbide Fibers Market Outlook, By Woven (2020-2028) ($MN)
74 South America Silicon Carbide Fibers Market Outlook, By Continuous (2020-2028) ($MN)
75 South America Silicon Carbide Fibers Market Outlook, By Other Forms (2020-2028) ($MN)
76 South America Silicon Carbide Fibers Market Outlook, By Application (2020-2028) ($MN)
77 South America Silicon Carbide Fibers Market Outlook, By Industrial (2020-2028) ($MN)
78 South America Silicon Carbide Fibers Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
79 South America Silicon Carbide Fibers Market Outlook, By Energy & Power (2020-2028) ($MN)
80 South America Silicon Carbide Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
81 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Country (2020-2028) ($MN)
82 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Phase (2020-2028) ($MN)
83 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Amorphous (2020-2028) ($MN)
84 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Crystalline (2020-2028) ($MN)
85 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Usage (2020-2028) ($MN)
86 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Non-composites (2020-2028) ($MN)
87 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Composites (2020-2028) ($MN)
88 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Form (2020-2028) ($MN)
89 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Woven (2020-2028) ($MN)
90 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Continuous (2020-2028) ($MN)
91 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Other Forms (2020-2028) ($MN)
92 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Application (2020-2028) ($MN)
93 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Industrial (2020-2028) ($MN)
94 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
95 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Energy & Power (2020-2028) ($MN)
96 Middle East & Africa Silicon Carbide Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
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