The global SiC fibers market is projected to grow from USD 382 million in 2020 to USD 1,262 million by 2025, at a compound annual growth rate (CAGR) of 27% between 2020 and 2025.
SiC fibers are advanced and have high-performance characteristics. These fibers are used as reinforcements for Ceramic Matrix Composites (CMCs), Polymer Matrix Composites (PMCs), and Metal Matrix Composites (MMCs). However, the negative impact of the COVID-19 pandemic across all the end-use industries has affected the SiC fibers market adversely.
Third generation SiC fibers are the fastest-growing segment in the SiC fibers market in terms of both value and volume
The third-generation SiC fibers are the most lucrative type that are witnessing increased demand from hot sections of aircraft engines. These fibers are expected to register the highest CAGR during the forecast period in terms of value and volume. NGS Advanced fibers Co., Ltd., COI Ceramics, Inc., Ube Industries, Ltd., and Specialty Materials, Inc., are some of the major players providing third-generation SiC fibers. The mass production of these fibers is expected to reduce the cost during the forecast period.
Continuous form is anticipated to grow at highest CAGR in terms of value and volume
The continuous form of SiC fibers are projected to register the highest CAGR. SiC continuous fibers, also known as tow, are used as reinforcement materials for PMC, CMC, and MMC. These fibers have excellent heat and creep failure in extreme conditions. Major SiC fiber manufacturers offer SIC fibers in continuous tow forms.
Crystalline SiC fibers are expected to grow at a faster rate in terms of both value and volume
The crystalline phase segment of SiC fibers is expected to register higher growth as compared to the amorphous phase segment during the forecast period. Crystalline SiC fibers have negligible oxygen and carbon content, due to which they can survive in high oxidation environments. Hi-Nicalon S, KD-S, Tyranno SA, Sylramic, Sylramic-iBN, KD-SA are some of the major trademarks of SiC fibers that are in the crystalline phase.
Composites usage dominated the SiC fibers market in terms of both value and volume
SiC fibers are mainly used as reinforcements in PMCs, CMCs, and MMCs. However, CMC applications of SiC fibers dominate the market. The non-composite applications of SIC fibers are very limited owing to the high cost of fibers. They are used in chemical and heat transfer industries in high-temperature applications.
Aerospace & defense is the largest end-use industry of SiC fibers in terms of both value and volume
SiC fibers find high demand from aircraft engine manufacturers to make engine components such as shrouds and combustor liners. This is because the SiC fiber-based CMCs have high-performance properties such as high strength; excellent creep, oxidation, and corrosion resistance; and low density. SiC fibers also have excellent oxidation and creep resistance up to 2,732F. They are also used in vanes, exhaust nozzles, Thermal Protection Systems (TPS), thruster nozzles, reusable rocket nozzles, and turbo pump components for space vehicles.
North America is the leading SiC fibers market in terms of both value and volume
North America accounted for the major share in the SiC fibers market, followed by Europe and APAC. The robust aerospace & defense industry, government support for aerospace & defense industry, presence of major SiC fiber manufactures and pilot production by GE Aviation are triggering the growth in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the SiC Fibers Market 4.2 SiC Fibers Market Size, by Type 4.3 SiC Fibers Market Size, by Form 4.4 SiC Fibers Market Size, by Phase 4.5 SiC Fibers Market, by Usage 4.6 SiC Fibers Market, by Region and End-use Industry 4.7 SiC Fibers Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 184.108.40.206 Government Stimulus Package for the Aerospace Industry Amid the COVID-19 Crisis 220.127.116.11 Capacity Expansions due to Rise in Production of Leap Engines 18.104.22.168 Increase in Demand for Fuel-Efficient Aircraft 22.214.171.124 Increased Investments in Manufacturing SiC Fiber-Based CMCs for Land-Based Gas Turbine Engines 5.2.2 Restraints 126.96.36.199 High Cost of SiC Fibers 188.8.131.52 Decrease in the Number of Aircraft Deliveries and Reduced Aircraft Production 184.108.40.206 Disruption in the Supply Chain and Lower Production Capacity Utilization due to COVID-19 Pandemic 5.2.3 Opportunities 220.127.116.11 Increase in R&D for Manufacturing Accident-Tolerant and Lightweight Nuclear Reactors 18.104.22.168 Reduction of SiC Fiber Costs 22.214.171.124 Emergence of Chinese Players 126.96.36.199 Boeing 737 Max Coming Back into Operation and FAA Clearance for GE9X 5.2.4 Challenges 188.8.131.52 Technological Challenges in Manufacturing Low-Cost SiC Fibers 184.108.40.206 Maintain Uninterrupted Supply Chain and Operate at Full Production Capacity 220.127.116.11 Liquidity Crunch 5.3 Supply Chain Analysis 5.4 Porter's Five Forces Analysis 5.4.1 Threat of New Entrants 5.4.2 Threat of Substitutes 5.4.3 Bargaining Power of Suppliers 5.4.4 Bargaining Power of Buyers 5.4.5 Intensity of Competitive Rivalry 5.5 Ecosystem: SiC Fibers Market 5.6 Value Chain Analysis 5.7 Impact of COVID-19 on SiC Fibers Value Chain 5.7.1 Raw Materials 5.7.2 Intermediates 5.7.3 Molder 5.7.4 OEM/Assembly 5.8 Technology Analysis 5.9 Pricing Analysis 5.10 Average Selling Price 5.11 Key Market for Import/Export 5.11.1 US 5.11.2 Japan 5.11.3 Germany 5.11.4 France 5.11.5 UK 5.11.6 China 5.12 Tariff and Regulations 5.13 Case Study Analysis 5.14 SiC Fibers: YC and YCC Shift 5.15 Revenue Analysis of Top Market Players 5.16 Patent Analysis 5.16.1 Methodology 5.16.2 Document Type 5.16.3 Insights 5.16.4 Jurisdiction Analysis 5.16.5 Jurisdiction Analysis for SiC Fibers 5.16.6 Top Companies/Applicants 18.104.22.168 List of Patents by Centre Nat Rech Scient 22.214.171.124 List of Patents by General Electric Company 126.96.36.199 List of Patents by Herakles 188.8.131.52 List of Patents by Applied Nano Structured Solutions, LLC 184.108.40.206 List of Patents by Safran Ceramics 220.127.116.11 List of Patents by UBE Industries 5.16.7 Top 20 Patent Owners (US) in the Last 10 Years 5.16.8 Major Patents in the Aerospace Industry 5.16.9 Major Applications of SiC Fibers in the Aerospace Industry and Timeline for Commercialization
6 SiC Fibers Market, by Type 6.1 Introduction 6.2 First Generation 6.3 Second Generation 6.4 Third Generation
7 SiC Fibers Market, by Phase 7.1 Introduction 7.2 Amorphous 7.3 Crystalline
8 SiC Fibers Market, by Form 8.1 Introduction 8.2 Continuous 8.3 Woven 8.4 Others 8.4.1 Felt/Mat 8.4.2 Chopped 8.4.3 Twill 8.4.4 Ropes and Belts
10 SiC Fibers Market, by End-use Industry 10.1 Introduction 10.2 Aerospace & Defense 10.2.1 Impact of COVID-19 on Aircraft Models Employing SiC Fibers 10.2.2 Important Factors Driving the SiC Fiber Demand in the Aerospace & Defense Industry 10.3 Energy & Power 10.4 Industrial 10.5 Others
11 SiC Fibers Market, by Region 11.1 Introduction 11.2 North America 11.2.1 US 11.2.2 Canada 11.3 Europe 11.3.1 France 11.3.2 Germany 11.3.3 UK 11.3.4 Italy 11.3.5 Spain 11.3.6 Rest of Europe 11.4 APAC 11.4.1 Japan 11.4.2 China 11.4.3 South Korea 11.4.4 Rest of APAC 11.5 Latin America 11.5.1 Brazil 11.5.2 Mexico 11.5.3 Rest of Latin America 11.6 MEA 11.6.1 Israel 11.6.2 UAE 11.6.3 Rest of Mea
12 Competitive Landscape 12.1 Introduction 12.2 Market Share Analysis 12.3 Market Ranking 12.4 Market Evaluation Framework 12.5 Revenue Analysis of Top Market Players 12.6 Company Evaluation Matrix 12.6.1 Star 12.6.2 Pervasive 12.6.3 Participants 12.6.4 Emerging Leaders
13 Company Profiles 13.1 Key Players 13.1.1 NGS Advanced Fibers 13.1.2 Ube Industries 13.1.3 COI Ceramics, Inc. 13.1.4 GE Aviation 13.1.5 Specialty Materials, Inc. 13.1.6 MATECH 13.1.7 Haydale Technologies 13.1.8 Suzhou Saifei Group 13.1.9 BJS Ceramics 13.1.10 Ningbo Zhongxing New Materials Co. Ltd 13.2 Other Key Players 13.2.1 Nasa Glenn Research Center 13.2.2 National University of Defense & Technology 13.2.3 Toshiba 13.2.4 Tisics Ltd. 13.2.5 Institute of Energy Science & Technology
14. Appendix 14.1 Discussion Guide 14.2 Knowledge Store: The Subscription Portal 14.3 Available Customizations