SiC Fibers Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Type ; By Phase ; By Form ; By Usage ; By End-Use Industry ; By Region

List of Tables

Global SiC Fibers Market Size Zooming 6X to Cross USD 3.6 Billion by 2029

Global SiC (silicon carbide) fibers market is flourishing because of rising government stimulus package for the aerospace industry and increasing investments in manufacturing SiC fiber-based CMC's for land-based gas turbines engine.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global SiC (silicon carbide) fibers market size at USD 571.54 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global SiC fibers market size to grow at a robust CAGR of 30.29% reaching a value of USD 3,619.11 million by 2029. Major growth factors for global SiC fibers market include increasing adoption for SiC fibers in aircraft lightweight component manufacture, rising consumption of SiC fibers in nuclear power plants, and growing investments in the production of SiC fiber-based ceramic matrix composites. In comparison to organic and ceramic fibers, SiC fiber is a low-density material with chemical resistance, high hardness, great thermal shock resistance, and high temperature tolerance, resulting in increased demand for gas turbine manufacture. SiC fibers are also increasingly being used in ceramic, metal, and polymer matrix composites. Metal Matrix Composite (MMC), Titanium Matrix Composite (TMC), and Ceramic Matrix Composite (CMC) are SiC-reinforced aluminum, titanium, and ceramic composites with good strength and stiffness, are lightweight, and keep their qualities at high temperatures. Such factors are expected to boost the expansion of overall market. However, a decrease in the number of aircraft deliveries and reduced aircraft production is anticipated to restrain the expansion of global SiC fibers market.

Global SiC Fibers Market - Overview:

Silicon Carbide (SiC) crystals are employed to make SiC fibers. Carbon, Silicon, and Oxygen are also included. It is light in weight and extremely strong. It is even capable of surviving in land-based gas turbine engines. It can resist extremely high temperatures. This resilience is the primary reason for its acceptance in the electronics market. SiC fibers are employed in a variety of industries, including automotive, energy, and aerospace. Fibers utilized in the defense and aerospace industries must be very resistant to harsh environments. SiC fibers have a high tensile strength, toughness, and high-temperature resistance. These characteristics are maintained even in the face of severe chemical attacks and harsh temperatures. These characteristics make it an excellent choice for the Aerospace, Defense, and Electronics sectors. As a result, the capability of SiC Fibers is the primary market driver.

Impact of COVID-19 on Global SiC Fibers Market

COVID-19 had a detrimental impact on the global SiC fibers industry's whole supply chain. Over 100 countries had closed their borders for internal and external trade and transit. Furthermore, the epidemic has nearly halted manufacturing of non-essential products in the majority of global economies. Boeing and Airbus lowered production, which impacted the consumption of SiC fibers in the aerospace industry, prompting material suppliers to underutilize manufacturing capacity. Also, aircraft usage decreased in both the commercial and defense sectors. Hence, demand for SiC Fibers plunged. As a result, the US government provided several stimulus packages in order to resurrect the industry. The US government provided USD 2 trillion in packages to help the industry recover. Boeing received USD 10 billion in emergency assistance. These packages strengthened the stimulus and restructured the market's SiC demand.

Global SiC Fibers Market - By End-User Industry:

Based on end-user industry, global SiC fibers market is divided into Aerospace & Defense, Energy & Power, and Industrial segments. The aerospace and defense segment is expected to hold the highest market share. SiC fiber materials are 20% lighter than aluminum, offer non-corrosion and fatigue resistance, and require less maintenance. Furthermore, due to its mechanical stability and ability to withstand low temperatures, SiC fiber is a perfect material for space temperatures, which are predicted to reach -240 degrees Celsius. Advances in astronomical telescopes have resulted in a need for low mirror weight due to a hefty weight, which is driving up demand for 3D printed SiC fiber. Furthermore, the material's ability to be optically polished raised its potential for usage as a very effective and lightweight mirror.

Competitive Landscape:

Major players operating in global SiC fibers market include NGS Advanced Fibers, UBE Industries, Cool Ceramics, Inc., GE Aviation, Specialty Materials. Inc, Matech, Hydale Technologies, Suzhou Saifei Group, Nasa Glenn Research Center, Toshiba, Tisics Ltd., and BJS Ceramics. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global SiC Fibers Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global SiC Fibers Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23100

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global SiC Fibers Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Government stimulus package for the aerospace industry
  - 3.2.1.2. Increased investments in manufacturing SiC fibre-based CMC's for land-based gas turbines engines.
- 3.2.2. Restraints
  - 3.2.2.1. Decrease in the number of Aircraft deliveries and reduced aircraft production
- 3.2.3. Opportunities
  - 3.2.3.1. Increase in R&D for manufacturing accident-tolerant and lightweight nuclear reactors
  - 3.2.3.2. Reduction of SiC fiber costs
  - 3.2.3.3. Emergence of Chinese players
- 3.2.4. Challenges
  - 3.2.4.1. Technology challenges in manufacturing low-cost SiC fibers
  - 3.2.4.2. Maintain uninterrupted supply chain and operate at full production capacity
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global SiC Fibers Market Overview

4.1. Market Size & Forecast by Value, 2019-2029
- 4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
- 4.2.1. By Type
  - 4.2.1.1. First Generation
  - 4.2.1.2. Second Generation
  - 4.2.1.3. Third Generation
- 4.2.2. By Phase
  - 4.2.2.1. Amorphous
  - 4.2.2.2. Crystalline
- 4.2.3. By Form
  - 4.2.3.1. Continuous
  - 4.2.3.2. Woven
  - 4.2.3.3. Others
- 4.2.4. By Usage
  - 4.2.4.1. Composites
  - 4.2.4.2. Non-Composites
- 4.2.5. By End-Use Industry
  - 4.2.5.1. Aerospace & Defence
  - 4.2.5.2. Energy & Power
  - 4.2.5.3. Industrial
  - 4.2.5.4. Others
- 4.2.6. By Region
  - 4.2.6.1. North America
  - 4.2.6.2. Europe
  - 4.2.6.3. Asia Pacific
  - 4.2.6.4. Latin America
  - 4.2.6.5. Middle East and Africa

5. North America SiC Fibers Market

5.1. Market Size & Forecast by Value, 2019-2029
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Phase
- 5.2.3. By Form
- 5.2.4. By Usage
- 5.2.5. By End-Use Industry
- 5.2.6. By Country
  - 5.2.6.1. US
  - 5.2.6.1.1. By Type
  - 5.2.6.1.2. By Phase
  - 5.2.6.1.3. By Form
  - 5.2.6.1.4. By Usage
  - 5.2.6.1.5. By End-Use Industry
  - 5.2.6.2. Canada
  - 5.2.6.2.1. By Type
  - 5.2.6.2.2. By Phase
  - 5.2.6.2.3. By Form
  - 5.2.6.2.4. By Usage
  - 5.2.6.2.5. By End-Use Industry

6. Europe SiC Fibers Market

6.1. Market Size & Forecast by Value, 2019-2029
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Phase
- 6.2.3. By Form
- 6.2.4. By Usage
- 6.2.5. By End Use Industry
- 6.2.6. By Country
  - 6.2.6.1. Germany
  - 6.2.6.1.1. By Type
  - 6.2.6.1.2. By Phase
  - 6.2.6.1.3. By Form
  - 6.2.6.1.4. By Usage
  - 6.2.6.1.5. By End-Use Industry
  - 6.2.6.2. UK
  - 6.2.6.2.1. By Type
  - 6.2.6.2.2. By Phase
  - 6.2.6.2.3. By Form
  - 6.2.6.2.4. By Usage
  - 6.2.6.2.5. By End-Use Industry
  - 6.2.6.3. Italy
  - 6.2.6.3.1. By Type
  - 6.2.6.3.2. By Phase
  - 6.2.6.3.3. By Form
  - 6.2.6.3.4. By Usage
  - 6.2.6.3.5. By End-Use Industry
  - 6.2.6.4. France
  - 6.2.6.4.1. By Type
  - 6.2.6.4.2. By Phase
  - 6.2.6.4.3. By Form
  - 6.2.6.4.4. By Usage
  - 6.2.6.4.5. By End-Use Industry
  - 6.2.6.5. Spain
  - 6.2.6.5.1. By Type
  - 6.2.6.5.2. By Phase
  - 6.2.6.5.3. By Form
  - 6.2.6.5.4. By Usage
  - 6.2.6.5.5. By End-Use Industry
  - 6.2.6.6. The Netherlands
  - 6.2.6.6.1. By Type
  - 6.2.6.6.2. By Phase
  - 6.2.6.6.3. By Form
  - 6.2.6.6.4. By Usage
  - 6.2.6.6.5. By End-Use Industry
  - 6.2.6.7. Rest of Europe
  - 6.2.6.7.1. By Type
  - 6.2.6.7.2. By Phase
  - 6.2.6.7.3. By Form
  - 6.2.6.7.4. By Usage
  - 6.2.6.7.5. By End-Use Industry

7. Asia-Pacific SiC Fibers Market

7.1. Market Size & Forecast by Value, 2019-2029
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Phase
- 7.2.3. By Form
- 7.2.4. By Usage
- 7.2.5. By End-Use Industry
- 7.2.6. By Country
  - 7.2.6.1. China
  - 7.2.6.1.1. By Type
  - 7.2.6.1.2. By Phase
  - 7.2.6.1.3. By Form
  - 7.2.6.1.4. By Usage
  - 7.2.6.1.5. By End-Use Industry
  - 7.2.6.2. India
  - 7.2.6.2.1. By Type
  - 7.2.6.2.2. By Phase
  - 7.2.6.2.3. By Form
  - 7.2.6.2.4. By Usage
  - 7.2.6.2.5. By End-Use Industry
  - 7.2.6.3. Japan
  - 7.2.6.3.1. By Type
  - 7.2.6.3.2. By Phase
  - 7.2.6.3.3. By Form
  - 7.2.6.3.4. By Usage
  - 7.2.6.3.5. By End-Use Industry
  - 7.2.6.4. South Korea
  - 7.2.6.4.1. By Type
  - 7.2.6.4.2. By Phase
  - 7.2.6.4.3. By Form
  - 7.2.6.4.4. By Usage
  - 7.2.6.4.5. By End-Use Industry
  - 7.2.6.5. Australia & New Zealand
  - 7.2.6.5.1. By Type
  - 7.2.6.5.2. By Phase
  - 7.2.6.5.3. By Form
  - 7.2.6.5.4. By Usage
  - 7.2.6.5.5. By End-Use Industry
  - 7.2.6.6. Indonesia
  - 7.2.6.6.1. By Type
  - 7.2.6.6.2. By Phase
  - 7.2.6.6.3. By Form
  - 7.2.6.6.4. By Usage
  - 7.2.6.6.5. By End-Use Industry
  - 7.2.6.7. Malaysia
  - 7.2.6.7.1. By Type
  - 7.2.6.7.2. By Phase
  - 7.2.6.7.3. By Form
  - 7.2.6.7.4. By Usage
  - 7.2.6.7.5. By End-Use Industry
  - 7.2.6.8. Singapore
  - 7.2.6.8.1. By Type
  - 7.2.6.8.2. By Phase
  - 7.2.6.8.3. By Form
  - 7.2.6.8.4. By Usage
  - 7.2.6.8.5. By End-Use Industry
  - 7.2.6.9. Philippines
  - 7.2.6.9.1. By Type
  - 7.2.6.9.2. By Phase
  - 7.2.6.9.3. By Form
  - 7.2.6.9.4. By Usage
  - 7.2.6.9.5. By End-Use Industry
  - 7.2.6.10. Vietnam
  - 7.2.6.10.1. By Type
  - 7.2.6.10.2. By Phase
  - 7.2.6.10.3. By Form
  - 7.2.6.10.4. By Usage
  - 7.2.6.10.5. By End-Use Industry
  - 7.2.6.11. Rest of Asia Pacific
  - 7.2.6.11.1. By Type
  - 7.2.6.11.2. By Phase
  - 7.2.6.11.3. By Form
  - 7.2.6.11.4. By Usage
  - 7.2.6.11.5. By End-Use Industry

8. Latin America SiC Fibers Market

8.1. Market Size & Forecast by Value, 2019-2029
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Phase
- 8.2.3. By Form
- 8.2.4. By Usage
- 8.2.5. By End-Use Industry
- 8.2.6. By Country
  - 8.2.6.1. Brazil
  - 8.2.6.1.1. By Type
  - 8.2.6.1.2. By Phase
  - 8.2.6.1.3. By Form
  - 8.2.6.1.4. By Usage
  - 8.2.6.1.5. By End-Use Industry
  - 8.2.6.2. Mexico
  - 8.2.6.2.1. By Type
  - 8.2.6.2.2. By Phase
  - 8.2.6.2.3. By Form
  - 8.2.6.2.4. By Usage
  - 8.2.6.2.5. By End-Use Industry
  - 8.2.6.3. Argentina
  - 8.2.6.3.1. By Type
  - 8.2.6.3.2. By Phase
  - 8.2.6.3.3. By Form
  - 8.2.6.3.4. By Usage
  - 8.2.6.3.5. By End-Use Industry
  - 8.2.6.4. Peru
  - 8.2.6.4.1. By Type
  - 8.2.6.4.2. By Phase
  - 8.2.6.4.3. By Form
  - 8.2.6.4.4. By Usage
  - 8.2.6.4.5. By End-Use Industry
  - 8.2.6.5. Colombia
  - 8.2.6.5.1. By Type
  - 8.2.6.5.2. By Phase
  - 8.2.6.5.3. By Form
  - 8.2.6.5.4. By Usage
  - 8.2.6.5.5. By End-Use Industry
  - 8.2.6.6. Rest of LATAM
  - 8.2.6.6.1. By Type
  - 8.2.6.6.2. By Phase
  - 8.2.6.6.3. By Form
  - 8.2.6.6.4. By Usage
  - 8.2.6.6.5. By End-Use Industry

9. Middle East & Africa SiC Fibers Market

9.1. Market Size & Forecast by Value, 2019-2029
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Phase
- 9.2.3. By Form
- 9.2.4. By Usage
- 9.2.5. By End-Use Industry
- 9.2.6. By Country
  - 9.2.6.1. Saudi Arabia
  - 9.2.6.1.1. By Type
  - 9.2.6.1.2. By Phase
  - 9.2.6.1.3. By Form
  - 9.2.6.1.4. By Usage
  - 9.2.6.1.5. By End-Use Industry
  - 9.2.6.2. UAE
  - 9.2.6.2.1. By Type
  - 9.2.6.2.2. By Phase
  - 9.2.6.2.3. By Form
  - 9.2.6.2.4. By Usage
  - 9.2.6.2.5. By End-Use Industry
  - 9.2.6.3. Qatar
  - 9.2.6.3.1. By Type
  - 9.2.6.3.2. By Phase
  - 9.2.6.3.3. By Form
  - 9.2.6.3.4. By Usage
  - 9.2.6.3.5. By End-Use Industry
  - 9.2.6.4. Kuwait
  - 9.2.6.4.1. By Type
  - 9.2.6.4.2. By Phase
  - 9.2.6.4.3. By Form
  - 9.2.6.4.4. By Usage
  - 9.2.6.4.5. By End-Use Industry
  - 9.2.6.5. South Africa
  - 9.2.6.5.1. By Type
  - 9.2.6.5.2. By Phase
  - 9.2.6.5.3. By Form
  - 9.2.6.5.4. By Usage
  - 9.2.6.5.5. By End-Use Industry
  - 9.2.6.6. Nigeria
  - 9.2.6.6.1. By Type
  - 9.2.6.6.2. By Phase
  - 9.2.6.6.3. By Form
  - 9.2.6.6.4. By Usage
  - 9.2.6.6.5. By End-Use Industry
  - 9.2.6.7. Algeria
  - 9.2.6.7.1. By Type
  - 9.2.6.7.2. By Phase
  - 9.2.6.7.3. By Form
  - 9.2.6.7.4. By Usage
  - 9.2.6.7.5. By End-Use Industry
  - 9.2.6.8. Rest of MEA
  - 9.2.6.8.1. By Type
  - 9.2.6.8.2. By Phase
  - 9.2.6.8.3. By Form
  - 9.2.6.8.4. By Usage
  - 9.2.6.8.5. By End-Use Industry

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global SiC Fibers Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, and others)

11. Impact of Covid-19 on Global SiC Fibers Market

12. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

12.1. NGS Advanced Fibers
12.2. UBE Industries
12.3. Cool Ceramics, Inc.
12.4. GE Aviation
12.5. Specialty Materials. Inc
12.6. Matech
12.7. Hydale Technologies
12.8. Suzhou Saifei Group
12.9. Nasa Glenn Research Center
12.10. Toshiba
12.11. Tisics Ltd.
12.12. BJS Ceramics
12.13. Other prominent players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable