Market Size

The global SiC fibers market size was valued at USD 382 million in 2020 and is estimated to reach a value of USD xx billion in 2027. The SiC Fibers market analysis shows that it will grow with a CAGR of 27.0% over the forecast period of 2021 to 2027.

Market Driver

The  Global SIC fibers market size is expected to expand due to increased demand from land and aircraft-based gas turbine engine companies, as well as capacity expansions by major SIC fiber manufacturers. Factory closures disrupted supply chains, and lower demand from end-use sectors have all had a negative impact on the SiC fibers industry. The aerospace industry, as well as demand for SiC fibers, have been affected by the financial crisis and liquidity crunch caused by the outbreak of COVID-19. The US government has proposed numerous funding programs for the aerospace industry in order to get the economy back on track. Boeing will benefit from the US Senate's around USD 2 trillion packages, which is projected to provide USD 10 billion in emergency assistance for Boeing. Without specifically referencing Boeing, the package contains USD 17 billion in government loan funds to maintain national defense programs. Aside from that, the Senate package has set aside USD 58 billion for freight and passenger aircraft loans. Such stimulus packages will guarantee a seamless flow through the aerospace supply chain in the United States, boosting demand for SiC fibers. The establishment of a SiC fiber production industry by GE Aviation in Huntsville, United States, is projected to increase mass production of SiC fibers in 2019.

Segment Outlook

Based on type, the market is segmented into First, Second, and Third Generation. The Composites usage segment is estimated to be the largest segment over the forecast period.  Based on form, the market is segmented into Continuous, Woven, Others and Others. The Continuous form segment is estimated to be the largest segment over the forecast period. Based on phase, the market is segmented into Amorphous, Crystalline. Based on usage, the market is segmented into Composites, and Non-Composites.

Regional Outlook

The SiC Fibers market research report provides an in-depth analysis of the industry, incorporating quantitative and qualitative data. It includes historical, present, and forecast data of the global market for SiC fibers by segment. Furthermore, it provides market size and forecast estimates for five regions, namely Asia Pacific, North America, Europe, Central & South America, Middle East, and Africa from 2015 to 2027. The market for SiC Fibers is segmented by region and then by country and segment. It has been estimated that North America accounted for largest market share in global SiC fibers market. The key countries in this market include U.S., Italy, Germany, France, China, India, and Japan. The report analyzes supply and demand-side factors affecting SiC Fibers market and then evaluates market dynamics affecting the market in coming years. Qualitative insight available in this report are opportunities, drivers, restraints, and future trends.

Company Profile Outlook

Key companies profiled in this market are Ube Industries, Ltd. (Japan), NGS Advanced Fiber Co. Ltd. (Japan), MATECH (US),  Specialty Materials, Inc. (US), Suzhou Saifei Group Co., Ltd. (China), Haydale Technologies Inc. (US), and COI Ceramics, Inc. (US). GE Aviation (US), Ningbo Zhongxing New Materials Co. Ltd. (China), and BJS Ceramics GmbH (Germany). However, we have also considered other companies for detailed primary interviews.

Competition Landscape

BJS Ceramics will soon begin large-scale SiC fiber manufacturing. The arrival of such new players would boost technological advances in the manufacturing of these fibers, resulting in mass production and lower prices for these fibers during the forecast era. Aside from these firms, UBE Industries Ltd. intends to start mass production of the products in the year 2025. The output of the company's SiC fiber output will be increased to 200 tons. As a result, the cost of SiC fibers is expected to drop dramatically over the next ten years, allowing SiC fiber producers to grow into new market fields.

Research Methodology

SiC Fibers market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts, channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

SiC Fibers Market Size and Outlook by Type

• First Generation
• Second Generation
• Third Generation

SiC Fibers Market Size and Outlook by Form

• Continuous
• Woven
• Others

SiC Fibers Market Size and Outlook by Phase

• Amorphous
• Crystalline

SiC Fibers Market Size and Outlook by Usage

• Composites
• Non-Composites

SiC Fibers Market Size and Outlook by End Use Industry

• Aerospace & Defense
• Energy & Power
• Industrial
• Others

SiC Fibers Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• Ube Industries, Ltd.
• NGS Advanced Fiber Co. Ltd.
• Suzhou Saifei Group Co., Ltd.
• Haydale Technologies Inc.
• MATECH
• Specialty Materials, Inc.
• COI Ceramics, Inc.
• GE Aviation
• Ningbo Zhongxing New Materials Co.Ltd.
• BJS Ceramics GmbH

Actionable Outcomes

Our SiC Fibers Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will grow in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on SiC Fibers market size
• SiC Fibers market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• SiC Fibers market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected SiC Fibers market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze SiC Fibers market share
• Measures to consider for SiC Fibers market