SiC Fibres Market to grow at a rate of 9.5% by 2032 | Get Customized Reports

December 28, 2022December 28, 2022 ankush

The market for SiC fibres is expected to have a net worth of around US$ 690 million by 2022. Looking ahead, FMI projects that by 2032, global sales of SiC fibre will be worth approximately US$ 1,710 Mn, growing at a CAGR of 9.5%.

SiC fiber is primarily composed of SiC crystallites and anamorphous blend of carbon, silicon and oxygen. SiC fiber excellent mechanical properties such high strength, modulus and chemical properties such as resistance to chemical attack and oxidation.

Its high strength properties makes SiC an exceptional material for reinforcing composites such as polymer, ceramic, titanium and metal. Ceramic matrix composites widely uses SiC as reinforcing fibres for high temperature applications such as the components required gas turbine engines handling up to 2700°F.

The SiC are available in continuous fiber type also called as tow and whiskers which are called short fibres. Also, available in various SiC grades which differ in electrical properties, surface treated SiC grades are also widely used depending on the required properties to be adopted in the final product.

Poly-vinyl acetate, poly-vinyl alcohol, epoxy are used in surface treatment of SiC fiber. The global SiC fiber market is expected to grow significantly at a higher rate with the increasing adoption of SiC fibres in the various composites used in aerospace, nuclear, chemical manufacturing and other applications.

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Global SiC Fiber Market: Drivers and Restraints

The exceptional SiC fiber properties such as high tensile strength, toughness, high stiffness, high temperature resistance, resistance under chemical attacks makes SiC the material ideal for industrial uses. The global SiC fiber market is primarily driven by the increasing composite matrix manufacturers. The growth in the prepreg industries fuels the global SiC fiber market since they are widely used in ceramic composites.

Global SiC Fiber Market: Region Wise Outlook

The global SiC fiber market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). In terms of value Europe and North America holds majority of the share in global SiC fiber market and are anticipated to record stable growth during the forecast period.

Next in line is APEJ, especially China, Taiwan, South Korea and India, to account for major share in Asian region. The SiC fiber market is expected to grow in Japan, Latin America followed by MEA in terms of consumption. Overall the global market for SiC fiber is projected to record significantly higher growth during the forecast period.

Global SiC Fiber Market: Key Players

Some of the key players identified in the global SiC fiber market includes:
SPECIALTY MATERIALS, INC.
UBE Industries Ltd
NGS Advanced Fibers Co., Ltd.
Saint-Gobain
COI Ceramics, Incorporated
Volzhsky Abrasive Works
SGL Group – The Carbon Company
Washington Mills

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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Global SiC Fiber Market: Segmentation

On the basis of fiber type, SiC fiber market is segmented into:-