Silicon Carbide Fiber Market Analysis By Application (Aerospace & Defense, Energy & Power, Industrial, Others), By Form (Continuous, Woven, Others), By Usage (Composites, Non-Composites), and By Region Forecast to 2032

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Market Snapshot

CAGR:8.3
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 8.3
Chemicals and Advanced Materials-companies
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Report Overview

The Silicon Carbide Fiber Market size is estimated to grow at a CAGR of 6.78% between 2022 and 2032. The market size is forecast to increase by USD 1,567.89 million. The growth of the market depends on several factors, including the increasing demand for lightweight and high-strength materials in various industries, the growing adoption of silicon carbide fibers in aerospace and defense applications, and the rising focus on energy-efficient solutions. Silicon carbide fiber refers to a high-performance material that exhibits excellent mechanical properties, such as high strength, stiffness, and thermal stability. It is composed of silicon and carbon atoms arranged in a crystal lattice structure, resulting in exceptional properties that make it suitable for a wide range of applications.

Silicon Carbide Fiber Market Overview

Drivers

One of the key factors driving the silicon carbide fiber market growth is the increasing demand for lightweight and high-strength materials in various industries. Industries such as aerospace, automotive, and energy are increasingly focusing on lightweight materials to improve fuel efficiency, reduce emissions, and enhance overall performance. Silicon carbide fibers offer a unique combination of high strength, low weight, and excellent thermal stability, making them ideal for applications where weight reduction is crucial without compromising on strength and durability.

Moreover, the aerospace and defense sector is witnessing significant adoption of silicon carbide fibers due to their exceptional mechanical properties. These fibers are used in the manufacturing of aircraft components, such as wings, fuselage, and engine parts, to enhance structural integrity and reduce weight. The increasing demand for advanced materials in the aerospace and defense industry is expected to drive the market growth during the forecast period.

Trends

A key trend shaping the silicon carbide fiber market growth is the growing adoption of these fibers in aerospace and defense applications. Silicon carbide fibers offer superior mechanical properties, including high strength, stiffness, and thermal stability, which make them suitable for use in critical aerospace components. These fibers are used in the manufacturing of aircraft structures, engine components, and rocket nozzles, among others, to enhance performance, reduce weight, and improve fuel efficiency. The aerospace and defense sector's increasing focus on lightweight materials and advanced composites is expected to drive the demand for silicon carbide fibers in this segment.

Additionally, there is a rising focus on energy-efficient solutions across various industries. Silicon carbide fibers are known for their excellent thermal stability and high-temperature resistance, making them suitable for use in energy-related applications. These fibers are used in the manufacturing of high-temperature insulation materials, heating elements, and thermal management systems, among others, to improve energy efficiency and reduce heat loss. The increasing adoption of energy-efficient solutions is expected to drive the market growth during the forecast period.

Restraints:

One of the key challenges hindering the silicon carbide fiber market growth is the high cost of production. The manufacturing process of silicon carbide fibers involves complex and expensive techniques, including chemical vapor deposition and pyrolysis. These processes require specialized equipment and materials, resulting in high production costs. The high cost of production makes silicon carbide fibers less affordable for certain applications, limiting their widespread adoption.

Furthermore, the limited availability of raw materials is another challenge faced by the market. Silicon carbide fibers are primarily produced from silicon carbide powder, which is derived from silicon carbide crystals. The availability of high-quality silicon carbide crystals is limited, leading to supply constraints and increased prices. The limited availability of raw materials poses a challenge to the market growth during the forecast period.

Silicon Carbide Fiber Market Segmentation By Application

The aerospace and defense segment is estimated to witness significant growth during the forecast period. Silicon carbide fibers offer exceptional mechanical properties, including high strength, stiffness, and thermal stability, making them ideal for aerospace and defense applications. These fibers are used in the manufacturing of aircraft components, such as wings, fuselage, and engine parts, to enhance structural integrity and reduce weight. The aerospace and defense sector's increasing focus on lightweight materials and advanced composites is expected to drive the demand for silicon carbide fibers in this segment.

The energy segment is another significant application of silicon carbide fibers. These fibers are used in the manufacturing of high-temperature insulation materials, heating elements, and thermal management systems, among others, in energy-related applications. Silicon carbide fibers' excellent thermal stability and high-temperature resistance make them suitable for use in energy-efficient solutions, improving energy efficiency and reducing heat loss. The increasing adoption of energy-efficient solutions is expected to drive the growth of this segment, thereby driving the market growth during the forecast period.

Silicon Carbide Fiber Market Segmentation By Type

The continuous type of silicon carbide fibers is witnessing significant growth in the market. Continuous silicon carbide fibers are long, continuous strands of fibers that offer excellent mechanical properties, including high strength and stiffness. These fibers are used in applications where high-performance and durability are required, such as aerospace, defense, and energy sectors. The continuous silicon carbide fibers' superior mechanical properties make them suitable for critical applications that require high strength and reliability.

Regional Overview:

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North America is estimated to contribute 35% to the growth of the global market during the forecast period. The presence of key market players and the growing demand for lightweight and high-strength materials in various industries are driving the market growth in this region. The aerospace and defense sector in North America is witnessing significant adoption of silicon carbide fibers in the manufacturing of aircraft components, enhancing performance and reducing weight. The increasing focus on energy-efficient solutions in the region is also driving the demand for silicon carbide fibers in the energy sector. The favorable regulatory environment and government initiatives promoting the use of advanced materials are expected to drive the market growth in North America.

In 2020, during the COVID-19 pandemic, the growth of the global silicon carbide fiber market witnessed a temporary slowdown due to the disruptions in the supply chain and manufacturing operations. However, with the resumption of economic activities and the increasing focus on lightweight and high-performance materials, the market is expected to recover and witness significant growth during the forecast period.

Silicon Carbide Fiber Market Customer Landscape

The silicon carbide fiber market industry 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 growth strategies.

Who are the Major Silicon Carbide Fiber Market Companies?

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.

Some of the major companies operating in the silicon carbide fiber market include:

  • Saint-Gobain
  • Hitachi Chemical Co., Ltd.
  • Ube Industries, Ltd.
  • Nippon Carbon Co., Ltd.
  • Haydale Technologies Inc.
  • SGL Carbon SE
  • Morgan Advanced Materials
  • UBE Industries Ltd.
  • Toyo Tanso Co., Ltd.
  • Entegris Inc.

The research report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:

  • 3M Company
  • Applied Thin Films Inc.
  • Boyd Corporation
  • CoorsTek Inc.
  • DowDuPont Inc.
  • Hyperion Materials & Technologies
  • Momentive Performance Materials Inc.
  • Rogers Corporation
  • Sumitomo Electric Industries Ltd.
  • Thorlabs Inc.

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.

Segment Overview

The silicon carbide fiber market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032)
  • Aerospace & Defense
  • Energy & Power
  • Industrial
  • Others
  • Form Outlook (USD Million, 2019 - 2032)
  • Continuous
  • Woven
  • Others
  • Usage Outlook (USD Million, 2019 - 2032)
  • Composites
  • Non-Composites
  • Geography Outlook (USD Million, 2019 - 2032)
  • North America
  • The U.S.
  • Canada
  • Europe
  • 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

TABLE OF CONTENTS: GLOBAL Silicon Carbide Fiber MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise`

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Silicon Carbide Fiber MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Silicon Carbide Fiber Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Silicon Carbide Fiber MARKET BY Fiber type SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Continuous Fibers

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Short Fibers

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Silicon Carbide Fiber MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Aerospace & Defense

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Energy & Power

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Industrial

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Silicon Carbide Fiber MARKET REGIONAL OUTLOOK

7.1. Silicon Carbide Fiber Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Silicon Carbide Fiber Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Silicon Carbide Fiber Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Silicon Carbide Fiber Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Silicon Carbide Fiber Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Silicon Carbide Fiber Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 UBE INDUSTRIES, LTD

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 NGS Advanced Fibers Co., Ltd

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Nippon Carbon Co. Ltd

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Matech

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Haydale Graphene Industries plc

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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