Silicon Carbide Fiber Market by Application and Geography - Forecast and Analysis 2022-2026

The silicon carbide fiber market share is expected to increase by USD 775 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 18.1%.

This silicon carbide fiber market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers silicon carbide fiber market segmentation by application (aerospace and defense, energy and power, industrial, and others) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The silicon carbide fiber market report also offers information on several market vendors, including American Elements, BJS Ceramics GmbH, BC Partners LLP, Calix Ceramic Solutions, Compagnie de Saint Gobain SA, Free Form Fibers LLC, General Electric Co., Insanco Inc., Matech, Nippon Carbon Co. Ltd., SGL Carbon SE, Stanford Advanced Materials, Suzhou Saifei Group Co. Ltd., TISICS Ltd., Triveni Interchem Pvt. Ltd., Ube Industries Ltd., Ultramet, and Haydale Graphene Industries plc among others.

What will the Silicon Carbide Fiber Market Size be During the Forecast Period?

Download Report Sample to Unlock the Silicon Carbide Fiber Market Size for the Forecast Period and Other Important Statistics

 

Silicon Carbide Fiber Market: Key Drivers, Trends, and Challenges

The increase in demand for silicon carbide fiber in the aerospace sector is notably driving the silicon carbide fiber market growth, although factors such as high costs associated with silicon carbide fibers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the silicon carbide fiber industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Silicon Carbide Fiber Market Driver

One of the key factors driving growth in the silicon carbide fiber market is the increase in demand for silicon carbide fiber in the aerospace sector.  Silicon carbide fibers possess advantageous properties of high heat resistance, chemical stability, high modulus, lightweight, and durability, among others. This makes them appropriate for use in a variety of aerospace-related applications, including insulation for heat engines, nanotubes in turbines, ceramic matrix composites (CMCs), and substitutes for metallic alloys. Also, with a drastic decline in weight and increase in the fuel efficiency of aircraft engines, the use of Silicon carbide fibers in the aerospace sector, in turn, improves the environment and the economy for aircraft makers. Due to advantageous features, composites such as Silicon carbide fibers are widely used in the aircraft manufacturing business. As several countries look to modernize their defense aircraft fleet, demand for aircraft materials has also increased over the past decade. The development of advanced materials has benefited from increased defense spending. These factors will contribute to the Silicon carbide fiber market growth.

Key Silicon Carbide Fiber Market Trend

The rising preference for lightweight materials is a silicon carbide fiber market trend that is expected to have a positive impact in the coming years. The global growth in the aerospace and defense industry has fueled the demand for lightweight materials, such as silicon carbide fiber, that exhibit high strength, and excellent durability. As lightweight materials and innovative designs are crucial for aircraft manufacturers to increase their market shares, such materials are increasingly being used in the aerospace and defense industry. As silicon carbide fibers are lightweight and exhibit high strength, they are increasingly used as a replacement for steel and aluminum in engines. Silicon carbide fibers have been identified as a potential new raw material to improve the efficiency and durability of aircraft engines. Silicon carbide fiber's ability to endure high temperatures without distortion renders it perfect for the fabrication of ceramic brake discs for sports cars in the automobile sector. Thus, the rising preference for lightweight materials will drive the demand for silicon carbide fibers, thereby propelling the growth of the market.

Key Silicon Carbide Fiber Market Challenge

The high costs associated with silicon carbide fibers will be a major challenge for the silicon carbide fiber market during the forecast period. With the rise of industrialization and the expansion of aerospace, power generation, and industrial and chemical industries across the globe, the demand for silicon carbide fibers is increasing. However, the development of Silicon carbide fibers has been largely influenced by high raw material costs. Silicon carbide composites are more expensive than their substitutes, such as metals, plastics, and polymers. The costs of manufacturing and R&D associated with Silicon carbide fibers are very high, which can reduce the demand for silicon carbide fiber in composites and increase the demand for substitute products. Thus, the high cost of raw materials may hinder the growth of the global silicon carbide fiber market.

This silicon carbide fiber market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global silicon carbide fiber market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the silicon carbide fiber market during the forecast period.

Who are the Major Silicon Carbide Fiber Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

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

 

This statistical study of the silicon carbide fiber market encompasses successful business strategies deployed by the key vendors. The silicon carbide fiber market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• BJS Ceramics GmbH - BJS Ceramics GmbH is a privately held company headquartered in Germany. It is a regional company generating $1.83 million in revenues and has around 11 employees. Its revenue from the global silicon carbide fiber market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• BJS Ceramics GmbH - The company offers polyamide that delivers extreme toughness, abrasion resistance, and impact resistance and is renewable with bio-based sourcing. 

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The silicon carbide fiber market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Silicon Carbide Fiber Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the silicon carbide fiber market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Silicon Carbide Fiber Market?

For more insights on the market share of various regions Request PDF Sample now!

36% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for silicon carbide fiber in North America. Market growth in this region will be faster than the growth of the market in other regions.

The growing demand for silicon carbide fibers in general and commercial aviation, as well as the defense industries, will facilitate the silicon carbide fiber market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 epidemic in 2020 resulted in an unprecedented disruption in the US aerospace and defense industry. For instance, the pandemic had a substantial impact on the commercial aerospace industry, leading to a sharp decline in passenger traffic, which had a negative impact on aircraft demand. However, given that the US has not cut its defense spending and is still dedicated to maintaining its military capabilities, the US aerospace and defense industry is anticipated to remain steady and even increase during the forecast period

What are the Revenue-generating Application Segments in the Silicon Carbide Fiber Market?

To gain further insights on the market contribution of various segments Request PDF Sample

The silicon carbide fiber market share growth in the aerospace and defense segment will be significant during the forecast period. The aerospace and defense segment is expected to dominate the market during the forecast period due to the increasing applications of silicon carbide fiber in advanced aircraft manufacturing and defense mechanisms. The demand for innovative and advanced materials for aerospace and defense aircraft construction has increased as a result of the introduction of stringent aviation emission standards. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the silicon carbide fiber market size and actionable market insights on the post-COVID-19 impact on each segment.

You may be interested in:

Silicon Carbide (SiC) market - The market size will grow to 2915.6-kilo metric tons during the 2017-2021 forecast period.

Silicon Carbide Fiber Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 18.1%
Market growth 2022-2026	$ 775 million
Market structure	Fragmented
YoY growth (%)	12.73
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 36%
Key consumer countries	US, Canada, China, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	American Elements, BJS Ceramics GmbH, BC Partners LLP, Calix Ceramic Solutions, Compagnie de Saint Gobain SA, Free Form Fibers LLC, General Electric Co., Insanco Inc., Matech, Nippon Carbon Co. Ltd., SGL Carbon SE, Stanford Advanced Materials, Suzhou Saifei Group Co. Ltd., TISICS Ltd., Triveni Interchem Pvt. Ltd., Ube Industries Ltd., Ultramet, and Haydale Graphene Industries plc
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Silicon Carbide Fiber Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive silicon carbide fiber market growth during the next five years
• Precise estimation of the silicon carbide fiber market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the silicon carbide fiber industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of silicon carbide fiber market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch