Silicon Carbide Fibers Market
PUBLISHED: 2023 ID: SMRC22361
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Silicon Carbide Fibers Market

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

4.5 (40 reviews)
4.5 (40 reviews)
Published: 2023 ID: SMRC22361

This report covers the impact of COVID-19 on this global market
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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)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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