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    Silicon Carbide Fibers Market | Covid-19 Impact Analysis

    Silicon Carbide Fibers Market | Covid-19 Impact Analysis

    Silicon Carbide Fibers Market | Covid-19 Impact Analysis
    Report code - SRAM122 Delivery - 2 Weeks
    Silicon Carbide (SiC) Fibers Market Size, Share, Trend, Forecast, & Competitive Analys See more...
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    Impact of COVID-19 on Silicon Carbide Fibers Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Silicon Carbide Fibers Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Silicon Carbide (SiC) Fibers Market Insights

    SiC fibers have been the hot topic for research and development from last 20 years. SiC fibers offers many advantages, such as lightweight, high hardness and superior thermal & chemical resistance. The global silicon carbide fibers market offers good growth opportunity and is likely to grow at >8% CAGR during the forecast period of 2020 to 2025. Technological advancement, development of new applications in high temperature areas, and high focus of major engine manufacturers to increase the use of SiC fibers in upcoming engine models for commercial and military aircraft are likely to drive the SiC fibers market.

     

    Silicon Carbide (SiC) Fibers Market Share Analysis

    Silicon Carbide (SiC) Fibers Market Share by Application Type

    Aerospace and Defense segment is expected to experience the fastest growth during the forecast period driven by continuous development of new applications in high temperature areas (1,100°C to 1,600°C) of the aircraft engines. SiC Fibers based composites have one-third density to the nearest rival Nickel metal alloys and therefore reduce the overall engine weight significantly. Further, high temperature properties of ceramic matrix composites enhance overall engine performance, durability, and fuel economy. LEAP engine, developed by CFM International for A320neo and B737max platforms will have SiC fibers based ceramic matrix composites in its turbine shrouds. Shrouds are stationary parts in the high pressure turbine that direct air and ensure turbine blade efficiency. 

    Silicon Carbide (SiC) Fibers Market Share by Fiber Type

    Continuous SiC fibers also known as tow, are expected to experience the fastest growth during the forecast period. Continuous fibers are suitable for ceramic matrix composites (CMC), metal matrix composites (MMC), and polymer matrix composites (PMC). They (continuous fibers) are widely preferred in the aerospace and defense industry.

    Silicon Carbide (SiC) Fibers Market Share by Usage Type

    Composites (CMC, MMC, and PMC) is expected to remain the largest SiC application type during the forecast period. Ceramic matrix composites are the leading composites type and are used in the many applications from aerospace to power generation to nuclear industry.

    Regional Insights

    North America is expected to remain the largest market for SiC fibers during the forecast period driven by presence of major aircraft engine manufacturers and high demand of CMC components in other industries including power generation and nuclear. Asia-Pacific region is expected to witness the fastest growth during the forecast period, driven by growing aerospace and defense industry.

    Key Players

    The supply chain of this market comprises raw material suppliers, SiC fiber manufacturers, composite parts manufacturers, engine manufacturers, OEMs, and airline companies. The key SiC fiber manufacturers are NGS Advanced Fibers Co. Ltd., COI Ceramics, Specialty Materials, Saint-Gobain, UBE Industries, and Volzhsky Abrasive Works.

    Technological development, new product development for high performance applications, and strategic alliances are the key strategies adopted by the key players to gain competitive edge in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Forecast

     >8% CAGR during 2020-2025

    Countries Covered

    The USA, Canada, Mexico, Germany, France, UK, Italy, Russia, China, Japan, India, Middle East, Latin America and others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Silicon Carbide (SiC) Fibers Market Size, Share & Forecast by Fiber Type:

    • Continuous Fibers (Regional Analysis: NA, Europe, APAC, and RoW)
    • Short Fibers (Regional Analysis: NA, Europe, APAC, and RoW)

    Silicon Carbide (SiC) Fibers Market Size, Share & Forecast by Application Type:

    • Aerospace and Defense
    • Power Generation
    • Nuclear
    • Others

    Silicon Carbide (SiC) Fibers Market Size, Share & Forecast by Usage Type:

    • Composites
    • Non-Composites

    Silicon Carbide (SiC) Fibers Market Size, Share & Forecast by Region:

    • North America (Country Analysis: USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, UK, Italy, Russia, and Rest of the Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
    • Rest of the World (Country Analysis: Middle East and Latin America)

     

    Report Features

    This report, from Stratview Research, studies the global silicon carbide (SiC) fibers market over the period 2014 to 2025. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Regional Segmentation

    • Current market segmentation of any one of the regions by application type

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your enquiry at [email protected].


    Frequently Asked Questions (FAQs)

    What will be the growth of Silicon Carbide (SiC) Fibers Market in the foreseeable years?

    Driven by the factors like development of new applications in high temperature areas, the silicon carbide fibers market is expected to witness an impressive growth of >8% CAGR during the forecast period of 2020 to 2025.

    Who are the key players in the Silicon Carbide (SiC) Fibers Market?

    NGS Advanced Fibers Co. Ltd., COI Ceramics, Specialty Materials, Saint-Gobain, UBE Industries, and Volzhsky Abrasive Works. are among the key players in the silicon carbide fibers market.

    Which country/region is expected to be the largest Silicon Carbide (SiC) Fibers Market?

    North America is expected to remain the largest market for SiC fibers during the forecast period of 2020-25.

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