Silicon Carbide Fiber Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Canada, UK, Germany - Size and Forecast 2024-2028

Silicon Carbide Fiber Market Size 2024-2028 

The silicon carbide fiber market size is forecast to increase by USD 594.6 million, at a CAGR of 14.76% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for lightweight and high-performance materials in various industries, particularly in the aerospace sector. SiC fibers offer superior strength, temperature resistance, and chemical inertness, making them an ideal choice for advanced composite applications. However, the high costs associated with SiC fibers remain a major challenge for market growth. Despite this, the market is expected to continue its upward trajectory, driven by the trend towards weight reduction and fuel efficiency in transportation and the increasing adoption of SiC fibers in renewable energy applications. The market is further expected to benefit from advancements in production technologies, which are likely to drive down costs and increase availability. Overall, the SiC fiber market is poised for robust growth, driven by its unique properties and increasing demand across various end-use industries.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

Silicon carbide fiber, also known as SiC fiber, is a type of advanced fiber made through the Chemical Vapor Deposition (CVD) process. This fiber is renowned for its exceptional strength and heat resistance, making it an ideal choice for various industries. The primary applications of SiC fiber include composite materials for aerospace applications, super metallic alloys, oxide ceramic composites, and woven cloth in the form of fabric. SiC fiber finds extensive use in the production of heat-resistant filters, curtains, belts, and sports & leisure equipment. In the energy and power industry, SiC fiber is used in the manufacturing of lightweight materials for aircraft components, turbine blades, nozzles, and turbine engines, as well as propulsion units. The material's high resistance to CO2 and NOx makes it a preferred choice for the energy industry. SiC fiber is also used in the production of composites made of aluminum, titanium, and ceramic materials.

Key Market Driver

Increase in demand for silicon carbide fiber in aerospace sector is notably driving market growth. Silicon carbide fibers, known for their superior properties such as high heat resistance, chemical stability, and lightweight, are extensively utilized in various engineering applications, particularly in the aerospace industry. These fibers offer significant benefits in aerospace engineering, including enhanced insulation for heat engines, the integration of nanotubes in turbines, and the production of ceramic matrix composites (CMCs) as substitutes for reinforced metals. Moreover, the reduction in weight and improvement in fuel efficiency of aircraft engines through the use of silicon carbide fibers contribute positively to both the environment and the economy for aircraft manufacturers. Composites incorporating silicon carbide fibers have gained significant traction in the aircraft manufacturing sector due to their unique properties.

Moreover, the aerospace industry's reliance on these advanced materials is driven by the increasing demand for lighter, more fuel-efficient aircraft and the need for improved engine performance. Furthermore, the growing trend toward the use of CMCs in military applications, energy resources, and other engineering industries is expected to bolster the market for silicon carbide fibers. The market for silicon carbide fibers is characterized by the presence of several Tier-1, mid, and small players. These companies have varying degrees of domestic and international presence, with some focusing on niche applications and others catering to a broader customer base. Despite the competition, the market for silicon carbide fibers is expected to experience steady growth due to the increasing demand for advanced materials in various industries. Thus, such factors are driving the growth of the market during the forecast period.

Significant Market Trends

Rising preference for lightweight materials is the key trend in the market. The global market for silicon carbide fiber is witnessing significant growth due to its increasing adoption in various engineering industries, particularly in the aerospace and defense sector. Lightweight materials, including silicon carbide fiber, are becoming increasingly important in these industries as they offer enhanced strength and durability, enabling manufacturers to produce lighter and more efficient products. In the aerospace industry, silicon carbide fibers are being used as a replacement for traditional materials like steel and aluminum in engine components, resulting in improved fuel efficiency and reduced emissions. Moreover, the energy and power sector is another major end-user industry for silicon carbide fibers.

Furthe, the trend towards lightweight materials and innovative designs is driving the demand for silicon carbide fibers in these industries, with both Tier-1 players and mid-sized companies expanding their domestic and international presence to meet the growing demand. Additionally, small players are also entering the market, offering competitive pricing and specialized applications to capture a share of the market.  Thus, such trends will shape the growth of the market during the forecast period.

Major Market Challenge

High costs associated with silicon carbide fibers is the major challenge that affects the growth of the market. The global market for silicon carbide fibers is experiencing significant growth due to the increasing demand from engineering sectors such as aerospace, power generation, and industrial and chemical industries. However, the high cost of production and research and development (R&D) associated with silicon carbide fibers is a major challenge. These costs make silicon carbide composites more expensive than their substitutes, including ceramic fibers, carbon fibers, reinforced metals, and polymeric materials. The high cost of production and R&D for silicon carbide fibers is approximately eight times that of steel, making it less competitive in the market.

However, despite these challenges, the market is driven by the unique properties of silicon carbide fibers, such as their high strength, temperature resistance, and chemical inertness, which make them ideal for use in ceramic matrix composites and military applications. The market is dominated by Tier-1 players, including 3M, Owens Corning, and SGL Carbon, while mid and small players also hold significant market share. Both domestic and international players have a strong presence in the market. Hence, the above factors will impede the growth of the market during the forecast period.

Exculsive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

• BJS Ceramics GmbH: The company offers silicon carbide fiber, such as SiC fiber reinforced composite materials.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• American Elements
• BC Partners LLP
• Calix Ceramic Solutions
• Compagnie de Saint Gobain
• Free Form Fibers LLC
• General Electric Co.
• Haydale Graphene Industries plc
• Insanco Inc.
• Matech
• Nippon Carbon Co. Ltd
• SGL Carbon SE
• Stanford Advanced Materials
• Suzhou Saifei Group Co. Ltd.
• TISICS
• Triveni Interchem Pvt. Ltd.
• Ube Corp.
• Ultramet

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

By Application 

The aerospace and defense segment is estimated to witness significant growth during the forecast period. Silicon carbide fiber, also known as SiC fiber, is a high-performance material derived through the process of chemical vapor deposition (CVD). This fiber is notable for its exceptional properties, including high strength, heat resistance, and resistance to chemical attack. SiC fiber is available in both crystalline and amorphous forms, making it suitable for various applications. In the aerospace and defense industry, non-oxide SiC fiber is extensively used in composite materials, replacing traditional materials like aluminum and titanium. Further, the energy and power industry benefits from SiC fiber in the form of heat-resistant filters, curtains, and belts. In the renewable energy sector, SiC fiber is used in the production of carbon fiber composites and monolithic composites for wind turbine blades. SiC fiber's unique properties make it an ideal choice for high-temperature applications, such as combustor liners and propulsion units.

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The aerospace and defense segment accounted for USD 142.00 million in 2018. Further, major aircraft manufacturers incorporate SiC fiber in their designs to produce lightweight, durable, and efficient components. The continuous fibers are used to create woven cloth and fabric forms, which are then used in the production of advanced composite materials. In the sports and leisure industry, SiC fiber is used to create high-performance equipment due to its strength and heat resistance. In summary, SiC fiber, derived from chemical vapor deposition, is a versatile material with numerous applications in the aerospace and defense, energy and power, industrial, and renewable energy industries. Its high strength, heat resistance, and chemical stability make it an ideal choice for various applications, including composites, super metallic alloys, oxide ceramic composites, and monolithic composites. SiC fiber is used in the production of aircraft components, turbine blades, nozzles, turbine engines, propulsion units, combustor liners, and high-performance sports equipment.

Regional Analysis

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North America is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Silicon carbide fiber, also known as SiC fiber, is a high-performance material derived through the process of chemical vapor deposition (CVD). This fiber is renowned for its exceptional properties, including resistance to high temperatures and corrosive gases such as CO2 and NOx. The non-oxide SiC fiber finds extensive applications in composite materials, particularly in aerospace and defense industries, where lightweight, heat-resistant components are essential. SiC fiber is used in the production of composite materials, including super metallic alloys, oxide ceramic composites, and carbon fiber composites. Monolithic composites, which are made entirely of a single material, also utilize SiC fiber for its crystalline and amorphous structures.

Further, the aerospace and defense sectors employ SiC fiber in the manufacture of heat-resistant filters, curtains, belts, and various aircraft components, such as turbine blades, nozzles, and turbine engines. SiC fiber is also used in the energy and power industries for its heat resistance and lightweight properties. It is utilized in the production of combustor liners and other components in power plants. In the sports and leisure equipment sector, SiC fiber is used in the manufacture of lightweight, durable materials for bicycles, skis, and other equipment. The energy industry and power industry also utilize SiC fiber in the production of aluminum, titanium, and ceramic materials. In summary, SiC fiber is a versatile material with a wide range of applications in various industries, including aerospace and defense, energy and power, and industrial manufacturing. Its unique properties, such as high temperature resistance, corrosion resistance, and lightweight nature, make it an essential component in the production of advanced composite materials, monolithic composites, and various industrial components.

Segment Overview

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Application Outlook
  • Aerospace and defense
  • Energy and power
  • Industrial
  • Others

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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Market Analyst Overview

Silicon Carbide Fiber, also known as SiC fiber, is a high-performance fiber made through the Chemical Vapor Deposition (CVD) process. It is renowned for its exceptional properties, including high strength, heat resistance, and resistance to chemical and thermal attacks. SiC fiber comes in two main types: crystalline and amorphous. The crystalline type, produced through CVD using CO2 and NOx as raw materials, is widely used in composite materials, super metallic alloys, and oxide ceramic composites. The amorphous type, on the other hand, is produced using a different process and is used in carbon fiber composites and monolithic composites. SiC fiber finds extensive applications in various industries. In the Aerospace & Defense sector, it is used in woven cloth and fabric form for composites, heat-resistant filters, curtains, belts, and sports & leisure equipment.

Furthermore, in the Energy & Power industry, it is used in aluminum, titanium, ceramic material, and lightweight materials for aircraft components, turbine blades, nozzles, turbine engines, propulsion units, and combustor liners. In the Industrial sector, it is used in the chemistry and renewable energy sectors for various applications. Major aircraft manufacturers, including Boeing and Airbus, use SiC fiber in their aircraft components due to its high-temperature resistance and strength. In the energy industry, SiC fiber is used in the power industry for its excellent thermal and electrical conductivity. In summary, the global Silicon Carbide Fiber market is expected to grow significantly due to its wide range of applications in the aerospace, energy, and industrial sectors. The increasing demand for lightweight and high-performance materials in these industries is driving the growth of the market.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behavior
• Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies