SiC Fiber Market to Reach $1.47 Bn, Globally, by 2028 at 18.6% CAGR: Allied Market Research

PORTLAND, Ore., Jan. 31, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "SiC Fiber Market by Phase (Crystalline and Amorphous) and Application (Aerospace & Defense, Energy & Power, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028." According to the report, the global SiC fiber industry was estimated at $0.38 billion in 2020, and is anticipated to hit $1.47 billion by 2028, registering a CAGR of 18.6% from 2021 to 2028.

Drivers, restraints, and opportunities-

Increase in demand from the aerospace market and surge in consumption for energy & power components fuel the growth of the global SiC fiber market. On the other hand, reduced utilization of non-essential goods during the Covid-19 pandemic impedes the growth. Nevertheless, rising demand for non-oxide SiC fibers would create new opportunities in the industry.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/11840 

COVID-19 scenario-

• There's been a declined demand for SiC fibers from the aerospace & defense sector. As per the U.S. Aerospace & Defense Industry (A&D), there has been an immense loss of nearly $150,000 million for the defense sector in the United States during the pandemic.
• Disruptions in the supply chain due to restrictions imposed on international borders for transportation of non-essential trade activities. Impacted the global SiC fiber market negatively.

The crystalline segment to dominate by 2028-

By phase, the crystalline segment held the major share in 2020, holding nearly three-fifths of the global market, and is estimated to maintain the lion's share during the forecast period. This is attributed to properties of crystalline SiC fiber such as high thermal resistance, high modulus, chemical stability, and high strength. At the same time, the amorphous segment would cite the fastest CAGR of 19.3% from 2021 to 2028, due to rise in utilization of amorphous-based SiC fibers in sectors such as aerospace & aviation, power industries, metallurgical industries etc.

Get Detailed COVID-19 Impact Analysis on the SiC Fibers Market @ https://www.alliedmarketresearch.com/request-for-customization/11840?reqfor=covid  https://www.alliedmarketresearch.com/request-for-customization/15892?reqfor=covid  

The aerospace & defense segment to maintain the dominant share-

By application, the aerospace & defense segment contributed to the largest market share in 2020, holding more than two-fifths of the global SiC fiber market. This segment is also projected to grow at the fastest CAGR of 19.2% from 2021 to 2028. This is because Silicon carbide (SiC) fibers possess different properties such as lightweight, heat resistant, durable, chemically stable, shock resistant, creep resistant, and others. These characteristics make them suitable for a wide range of aerospace & defense applications such as insulation in engine parts, nanotubes in turbines etc.

North America garnered the highest share by 2020-

By region, North America generated the highest market share in 2020, contributing to more than half of the global, and is estimated to retain its dominance in terms of revenue by 2028. The aerospace & defense sector in the U.S. is increasing rapidly which in turn has increased the demand for SiC fibers for providing thermal support to the aircraft engines & turbines in the region. Simultaneously, Asia-Pacific is expected to manifest the fastest CAGR of 21.5% throughout the forecast period. This is due to the fact that China's defense sector is increasing at a rapid pace.

Key players in the industry-

• BJS Ceramics GmbH
• Free Form Fibers LLC
• Haydale Technologies Inc.
• NGS Advanced Fibers Co., Ltd.
• UBE Industries Ltd.
• American Elements
• Nippon Carbon Co., Ltd.
• GE Aviation
• Saint Gobain
• SGL Carbon SE

Interested in Procuring This Report? Visit Here: https://www.alliedmarketresearch.com/sic-fiber-market/purchase-options  

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Spandex Fiber Market: Global Opportunity Analysis and Industry Forecast, 2022

Natural Fiber Reinforcement Materials Market: Global Opportunity Analysis and Industry Forecast, 2022

Staple Fibers Market: Global Opportunity Analysis and Industry Forecast, 2023 

Metal Fiber Market: Global Opportunity Analysis and Industry Forecast 2020-2027 

 About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

SOURCE Allied Market Research