Silicon Carbide Fiber Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Silicon Carbide Fiber Market is segmented by Fiber Type (Continuous and Short Fibers), End-user Industry (Aerospace and Defense, Energy and Power, Industrial, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa).

Silicon Carbide Fiber Industry Overview

silicon carbide fiber market
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: > 8 %

Major Players

silicon carbide fiber market size

*Disclaimer: Major Players sorted in no particular order

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Silicon Carbide Fiber Market Analysis

The market for silicon carbide fiber is expected to register a CAGR of over 8% during the forecast period. The major factors driving the growth of the market are rapidly increasing demand from the aerospace industry and growing demand from the energy and power sector. On the flip side, the high cost of silicon carbide fibers is hindering the growth of the market.

  • The aerospace and defense segment is expected to dominate the market over the forecast period, owing to the increasing applications of silicon carbide fibers in the manufacturing of advanced aircraft and defense mechanisms.
  • North America is currently estimated to own the largest share of the market studied on account of the humungous aerospace business in the region.

Silicon Carbide Fiber Industry Segments

The silicon carbide fiber market report includes:

Fiber Type
Continuous Fibers
Short Fibers
End-user Industry
Aerospace and Defense
Energy and Power
Industrial
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Silicon Carbide Fiber Market Trends

This section covers the major market trends shaping the Silicon Carbide Fiber Market according to our research experts:

Broad Demand from the Aerospace Industry

  • Silicon carbide fibers are mainly used in the aerospace industry, which can be attributed to the advanced properties possessed by it when compared to traditional materials, including increased strength and heat and corrosion resistance.
  • It also brings economic and environmental benefits to airline customers by significantly reducing weight, increasing durability, and improving fuel efficiency of engines.
  • It is currently estimated that the aircraft business around the world is anticipated to create a consolidated income of around USD 872 billion in 2020.
  • In 2019, Airbus became the world’s largest revenue-generating company in the aerospace industry with USD 78.71 billion edging out rival Boeing, the world’s second-largest company that generated revenue of USD 76.6 billion in 2019.
  • All the aforementioned factors are expected to drive the silicon carbide fiber market during the estimated timeframe.
 silicon carbide fiber market share

The North America Region to Dominate the Market

  • North America holds a prominent share in the silicon carbide fiber market globally, as a result of the presence of main aircraft manufacturing nations, like the United States and Canada.
  • Revenue amassed by the United States alone in 2019 from the manufacturing of aerospace products and parts was about USD 251.24 billion, and it is determined to reach USD 262.42 billion by 2024.
  • Moreover, in the aviation segment, the United States and Canada are the significant income-generating nations from the North America region, computing a total of USD 432.4 billion among them, which is roughly 60% of the global aviation industry revenue.
  • Thus, the rising interest from various enterprises is predicted to drive the market studied in the region during the forecast period.
 silicon carbide fiber market trends

Silicon Carbide Fiber Market Competitor Analysis

The silicon carbide fiber market is partially concentrated. Some of the players in the market include UBE INDUSTRIES LTD, NGS Advanced Fibers Co. Ltd, Nippon Carbon Co. Ltd, Matech, and Haydale Graphene Industries PLC.

Silicon Carbide Fiber Market Top Players

  1. UBE INDUSTRIES,LTD

  2. NGS Advanced Fibers Co., Ltd.

  3. Nippon Carbon Co. Ltd.

  4. Matech

  5. Haydale Graphene Industries plc

*Disclaimer: Major Players sorted in no particular order

 BJS Ceramics GmbH, COI Ceramics Inc, GE Aviation, Haydale Graphene Industries PLC, Matech, NGS Advanced Fibers Co. Ltd, Nippon Carbon Co. Ltd

Silicon Carbide Fiber Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rapidly Increasing Demand from the Aerospace Industry

      2. 4.1.2 Growing Demand from the Energy and Power Sector

    2. 4.2 Restraints

      1. 4.2.1 High Cost of Silicon Carbide Fibers

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Fiber Type

      1. 5.1.1 Continuous Fibers

      2. 5.1.2 Short Fibers

    2. 5.2 End-user Industry

      1. 5.2.1 Aerospace and Defense

      2. 5.2.2 Energy and Power

      3. 5.2.3 Industrial

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BJS Ceramics GmbH

      2. 6.4.2 COI Ceramics Inc

      3. 6.4.3 GE Aviation

      4. 6.4.4 Haydale Graphene Industries PLC

      5. 6.4.5 Matech

      6. 6.4.6 NGS Advanced Fibers Co. Ltd

      7. 6.4.7 Nippon Carbon Co. Ltd

      8. 6.4.8 SPECIALTY MATERIALS INC.

      9. 6.4.9 Suzhou Saifei Group Ltd

      10. 6.4.10 UBE INDUSTRIES LTD

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Silicon Carbide Fiber Market Research FAQs

The Silicon Carbide Fiber Market is studied from 2018 - 2028.

The Silicon Carbide Fiber Market is growing at a CAGR of >8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

UBE INDUSTRIES,LTD, NGS Advanced Fibers Co., Ltd., Nippon Carbon Co. Ltd., Matech, Haydale Graphene Industries plc are the major companies operating in Silicon Carbide Fiber Market.

Silicon Carbide Fiber Industry Reports

In-depth industry statistics and market share insights of the Silicon Carbide Fiber sector for 2020, 2021, and 2022. The Silicon Carbide Fiber research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Silicon Carbide Fiber report PDF.

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