Market Research Report
SiC Fibers - Global Market Outlook (2021 - 2028)
|SiC Fibers - Global Market Outlook (2021 - 2028)|
Published: April 1, 2022
Stratistics Market Research Consulting
Content info: 200+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Silicon Carbide (SiC) Fiber Market is accounted for $477.50 million in 2021 and is expected to reach $2,276.90 million by 2028 growing at a CAGR of 25.0% during the forecast period. SiC (silicon carbide) fibres are made up of of silicon carbide molecules and have great stiffness, tensile strength, chemical resistance, and low thermal expansion. SiC fibres are often manufactured using the Yajima technique, chemical vapour deposition (CVD), and laser driven chemical vapour deposition (LCVD).
Increased demand from aerospace industry
Silicon carbide (SiC) fibers are made up mostly of silicon carbide molecules with diameters ranging from 5 to 150 micrometers. They have good properties such as strong heat resistance, chemical stability, high modulus, lightweight, durability, and so forth. These properties make them excellent for a broad range of applications in the aerospace sector, including nanotubes in turbines, heat engine insulation, ceramic matrix composites, and an alternative to metallic alloys. Additionally, the use of SiC fibre in the aerospace sector provides environmental and financial benefits to aircraft manufacturers by lowering weight and increasing fuel economy of aircraft engines.
Disruption in the supply chain during the COVID-19 pandemic
COVID-19 has wreaked havoc on the SiC fibres industry's entire supply chain. For internal and external trade and transit, more than 100 countries have shut their borders. Furthermore, the epidemic has reduced non-essential commodities production to a near-halt in most major economies. Boeing and Airbus have curtailed output, affecting SiC fibre consumption in the aerospace sector and pushing material suppliers to underutilize manufacturing capacity. Demand for SiC fibre has decreased as a result of the lockdown in key aerospace and military countries like as the United States, Japan, France, China, and Germany.
Non-oxide SiC fiber to open up opportunities for the market
The soaring demand for silicon carbide (SiC) fibre has drawn both manufacturers and investors' attention to the SiC fibre industry in recent years. In addition, increased emphasis has boosted research and development initiatives aimed at making SiC fibre more effective in high-temperature conditions. For example, NASA researchers have patented Sylramic-iBN, a non-oxide silicon carbide fibre that can withstand temperatures of up to 3200°C. Furthermore, major SiC fibre producers, such as BJS Ceramics GmbH and the Fraunhofer Center for High-Temperature Lightweight Construction HTL, have expanded their silicon carbide factory in Bayreuth, Germany, to meet the region's need for non-oxide SiC fibre.
Maintain a continuous supply chain and operate at maximum capacity.
The use of standardised benchmarking systems can assist researchers in making greater use of The worldwide aircraft sector has been hit the most by the COVID-19 pandemic's negative and rapid effects. The industry's largest problem is resuming production at full capacity and compensating for the income loss and harm caused by the epidemic. Furthermore, owing to the closing of national and international borders as a result of the new coronavirus pandemic, the worldwide aircraft sector has been affected, resulting in a disrupted supply chain. The most difficult aspect of this industry's present and future scenarios is ensuring the seamless flow of global supply chains, which are in charge of transferring materials and components across borders and manufacturing sites quickly. Furthermore, the aircraft sector must compensate for raw material delays or non-arrival.
The Aerospace & Defense segment is expected to have a huge demand during the forecast period
Silicon carbide fibre composites would see increasing adoption in component production for the turbine and combustion sections of aero-propulsion engines, indicating a significant demand for the material. Due to its light weight and heat resilience, silicon carbide fibre reinforced composites are increasingly replacing metal parts in aeroplanes, which is predicted to improve aviation engine fuel economy. Over the forecast period, the silicon carbide fibres market is likely to be driven by an increase in the usage of ceramic matrix composites made with the product in high-pressure turbine shrouds.
The Industrial segment is expected to have the highest CAGR during the forecast period
The industrial application sector is predicted to rise significantly due to increased product use in the chemical industry for heat exchangers, reactors, filters, and reformers. Furthermore, the market is likely to be driven by the improved operational lifespan of items made using silicon carbide fibres. Silicon carbide fibres are predicted to be in high demand in the heat transfer sector for recuperator, preheater, and radiant tube manufacturing. Rapid product penetration in the fabrication of furnace components, radiation blankets, and nuclear reactor fuel cladding is also projected to drive market demand.
Region with largest share:
Because of the existence of major aircraft manufacturing nations such as the United States and Canada, North America has a significant part of the worldwide silicon carbide fibre market. The region's aerospace and military industry is predicted to expand rapidly as manufacturing production rises in response to strong local and worldwide demand for commercial aircraft. Rising defence spending in the region, as well as increased NASA funding, are likely to drive demand for silicon carbide fibres.
Region with highest CAGR:
During the projection period, Asia Pacific is expected to have the highest CAGR. In the Asia Pacific region, the increasing aerospace and defence sectors have improved the performance of Silicon carbide (SiC) fibre. China's military industry is quickly expanding, prompting SiC fibre producers in the region to develop high-quality SiC fibre.
Key players in the market:
Some of the key players profiled in the Silicon Carbide (SiC) Fiber Market include Suzhou Saifei Group Ltd, COI Ceramics Inc, GE Aviation, Haydale Graphene Industries PLC, NGS Advanced Fibers Co. Ltd, Nippon Carbon Co. Ltd, SPECIALTY MATERIALS INC., Matech, UBE INDUSTRIES LTD, BJS Ceramics GmbH, SGL Carbon, NASA Glenn Research Center and Free Form Fibers.
In January 2020: Free Form Fiber LLC has introduced a silicon carbide fabric veil that is non-woven. This is a high-performance ceramic matrix that is utilised in a variety of applications including jet engines, nuclear fuel, rod cladding, and more. Customers' preferences for silicon carbide fibre have expanded as a result of this product introduction, and the fabric division has been reinforced.
In September 2020: Haydale Technologies Inc. and Dowty Propellers collaborated on the development of an erosion-resistant silicon carbide (SiC) microfibre. The demand for SiC fibre in the aviation and aerospace industries is predicted to rise as a result of this business approach.
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