Silicon Carbide Fiber Market Size

Statistics for the 2023 & 2024 Silicon Carbide Fiber market size, created by Mordor Intelligence™ Industry Reports. Silicon Carbide Fiber size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Silicon Carbide Fiber Industry

silicon carbide fiber market
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

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 Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)