Silicon Carbide Fiber Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*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 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.
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 Industry Overview
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 Leaders
UBE INDUSTRIES,LTD
NGS Advanced Fibers Co., Ltd.
Nippon Carbon Co. Ltd.
Matech
Haydale Graphene Industries plc
*Disclaimer: Major Players sorted in no particular order
Silicon Carbide Fiber Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Rapidly Increasing Demand from the Aerospace Industry
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4.1.2 Growing Demand from the Energy and Power Sector
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4.2 Restraints
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4.2.1 High Cost of Silicon Carbide Fibers
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Fiber Type
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5.1.1 Continuous Fibers
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5.1.2 Short Fibers
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5.2 End-user Industry
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5.2.1 Aerospace and Defense
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5.2.2 Energy and Power
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5.2.3 Industrial
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5.2.4 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BJS Ceramics GmbH
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6.4.2 COI Ceramics Inc
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6.4.3 GE Aviation
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6.4.4 Haydale Graphene Industries PLC
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6.4.5 Matech
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6.4.6 NGS Advanced Fibers Co. Ltd
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6.4.7 Nippon Carbon Co. Ltd
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6.4.8 SPECIALTY MATERIALS INC.
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6.4.9 Suzhou Saifei Group Ltd
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6.4.10 UBE INDUSTRIES LTD
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Silicon Carbide Fiber Industry Segmentation
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 | |||||||
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Silicon Carbide Fiber Market Research FAQs
What is the current Silicon Carbide Fiber Market size?
The Silicon Carbide Fiber Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Silicon Carbide Fiber Market?
UBE INDUSTRIES,LTD, NGS Advanced Fibers Co., Ltd., Nippon Carbon Co. Ltd., Matech and Haydale Graphene Industries plc are the major companies operating in the Silicon Carbide Fiber Market.
Which is the fastest growing region in Silicon Carbide Fiber Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Silicon Carbide Fiber Market?
In 2024, the North America accounts for the largest market share in Silicon Carbide Fiber Market.
What years does this Silicon Carbide Fiber Market cover?
The report covers the Silicon Carbide Fiber Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Silicon Carbide Fiber Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Silicon Carbide Fiber Industry Report
Statistics for the 2024 Silicon Carbide Fiber market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Silicon Carbide Fiber analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
