SiC Fibers Market by Form (Continuous, Woven Cloth), Usage (Composites, Non-Composites), End-use Industry (Aerospace & Defense, Energy & Power, Industrial), and Region - Global Forecast to 2022
[101 Pages Report] SiC Fibers Market size is projected to grow from USD 230.5 Million in 2016 to USD 1,113.3 Million by 2022, at a CAGR of 35.9% between 2017 and 2022. The use of SiC fibers is becoming crucial owing to the high strength, low weight, and ability to survive at high temperatures in aircraft and land based gas turbine engines. Manufacturers of SiC fibers are undertaking capacity expansions to cater to the increasing demand for SIC fibers from LEAP engines and secure their positions in the SiC fibers market. In this study, the years considered to estimate the market size of the SiC fibers market have been mentioned below:
- Base Year 2016
- Estimated Year 2017
- Projected Year 2022
- Forecast Period 2017 to 2022
2016 has been considered the base year to profile various companies in this report. For companies wherein information was unavailable for the base year, the year prior to it has been considered.
Objectives of the Study
- To analyze and forecast the size of the SiC fibers market, in terms of volume (kilotons) and value (USD million)<
- To provide detailed information about the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the SiC fibers market
- To define, describe, and forecast the SiC fibers market on the basis of form usage, end-use industry, and region
- To analyze and forecast the SiC fibers market for five major regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), Latin America, and the key countries in each region
- To strategically analyze the SiC fibers market with respect to individual growth trends, prospects, and contribution of various submarkets to the overall market
- To strategically profile the key players operating in the SiC fibers market and analyze their core competencies
- To analyze competitive developments of the key players operating in the SiC fibers market
- To analyze the opportunities and competitive landscape for stakeholders and market leaders in the SiC fibers market
Various secondary sources, such as such as Factiva, Hoovers, Manta, and others have been referred to understand and gain insights on the SiC fibers market. Experts from top SiC fibers companies have been interviewed to verify and collect critical information and to assess the trends in the SiC fibers market during the forecast period. The top-down, bottom-up, and data triangulation approaches have been implemented to calculate the exact values of the overall parent and individual market sizes.
To know about the assumptions considered for the study, download the pdf brochure
The SiC fibers market has a diversified and established ecosystem of upstream players, such as raw material suppliers and downstream stakeholders, which include SiC fibers manufacturers, SiC fibers vendors, end users, and government organizations. Since 2000, most of the leading players in the SiC fibers market have adopted backward integration to strengthen their positions in the market. Ube Industries (Japan), NGS Advanced Fiber (Japan), Suzhou Saifei Group, (China), Haydale Technologies (US), Matech (US), Specialty Materials, (US), and COI Ceramics (US), GE Aviation (US), and BJS Ceramics (Germany) are the key players.
Target Audience
- Manufacturers of SiC Fibers
- Raw Material Suppliers
- Distributors & Suppliers of SiC Fibers
- Industry Associations
- Investment Research Firms
This study answers several questions for the stakeholders, primarily which market segments they need to focus upon during the next two to five years, to prioritize their efforts and investments.
Scope of the Report
The research report segments the SiC fibers market as follows:
SiC Fibers Market, By Form:
- Continuous
- Woven Cloth
- Others
SiC Fibers Market, By Usage:
- Composites
- Non-composites
SiC Fibers Market, By End-use Industry:
- Aerospace & Defense
- Energy & Power
- Industrial
- Others
SiC Fibers Market, By Region
- North America
- Asia Pacific
- Europe
- Middle East & Africa (MEA)
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:
Product Analysis
- Product matrix that provides a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the North America SiC fibers market
- Further breakdown of the Europe SiC fibers market
- Further breakdown of the Asia Pacific SiC fibers market
- Further breakdown of the Middle East & Africa SiC fibers market
- Further breakdown of the Latin America SiC fibers market
Company Information
- Detailed analysis and profiles of additional market players
The SiC fibers market is projected to grow from an estimated USD 240.0 Million in 2017 to USD 1,113.3 Million by 2022, at a CAGR of 35.9% between 2017 and 2022. The growth of the SiC fibers market can be attributed to increased use of SiC fibers for commercial and military aircraft, as these offer a high strength-to-weight ratio and increased heat resistance. Moreover, these are lightweight, which increases the fuel efficiency of the aircraft and provides structural stability.
The SiC fibers market has been segmented based on form, usage, end-use industry, and region.
Among forms, the continuous form of SiC fibers led the SiC fibers market in 2016, in terms of both, value as well as volume. The growth of this segment is attributed to its high performance properties and compatibility with all types of composites that include Polymer Matrix Composites (PMCs), Ceramic Matrix Composites (CMCs), and Metal Matrix Composites (MMCs).
SiC fibers are mostly used in composites, and the most commercially explored usage of SiC fibers till date is in Ceramic Matrix Composites (CMCs) which are used in the hot section components of aircraft engines. Manufactured SiC fibers are supplied either in the continuous or fabric form for composite fabrication. SiC fiber based CMCs have a significant demand from aircraft and land-based gas turbine engine manufacturers.
Among various end-use industries, the aerospace & defense industry is projected to grow at the highest CAGR, in terms of both, volume and value between 2017 and 2022. The growth of the SiC fiber market in this industry is driven by advanced aircraft LEAP engines that require high thermodynamic efficiency (by lowering fuel consumption) and are able to withstand high temperatures. SiC fibers are increasingly being preferred over metal alloys in aircraft engines owing to their low weight, increased strength, and oxidation resistance. Thus, these fibers are replacing metal alloys in combustors, shrouds, nozzles, and blades of aircraft engines.
North America is the largest consumer of SiC fibers across the globe, in terms of both, value and volume. The growth of the North America SiC fibers market is driven by the increasing consumption of SiC fibers in commercial and military aircraft engines. The US is the largest consumer of SiC fibers globally, in terms of value and volume and is expected to strengthen its position further during the forecast period. The growth of the US SiC fibers market is attributed to the presence of giant aircraft engine manufacturers such as Pratt & Whitney and GE Aviation.
The global SiC fibers market size is expected to rise significantly during the forecast period, in terms of value and volume. However, a few factors act as restraints in the growth of the SiC fibers market. High cost of SiC fibers is the major restraint for the growth of the SiC fibers market.
Some of the key players in the global SiC fiber market are Ube Industries (Japan), NGS Advanced Fiber (Japan), Suzhou Saifei Group (China), Haydale Technologies (US), Matech (US), Specialty Materials (US), and COI Ceramics (US). GE Aviation (US) and BJS Ceramics (Germany) are planning to begin the large-scale SiC fiber production in 2019. Expansions and new technology developments are the key strategies adopted by major players for the growth of their business revenues.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 11)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 14)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 21)
4 Premium Insights (Page No. - 25)
4.1 Attractive Opportunities in SiC Fiber Market
4.2 SiC Fiber Market, By End-Use Industry
4.3 SiC Fiber Market, By Region and End-Use Industry
4.4 SiC Fiber Market Size, By Form
4.5 SiC Fiber Market, By Country
5 Market Overview (Page No. - 28)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Capacity Expansions Due to Rise in Production of Leap Engines
5.2.1.2 Increase in Demand for Fuel-Efficient Aircraft
5.2.1.3 Increased Investments in Manufacturing SiC Fiber-Based CMCs for Land-Based Gas Turbine Engines
5.2.2 Restraints
5.2.2.1 High Cost of SiC Fibers
5.2.3 Opportunities
5.2.3.1 Increase in R&D for Manufacturing Accident Tolerant and Lightweight Nuclear Reactors
5.2.3.2 Reduction of SiC Fiber Costs
5.2.4 Challenges
5.2.4.1 Technological Challenges in Manufacturing Low-Cost SiC Fibers
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Macroeconomic Overview (Page No. - 34)
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Per Capita GDP vs Per Capita Composites Demand
6.4 Trends in Aerospace Industry
7 SiC Fiber Market, By Form (Page No. - 38)
7.1 Introduction
7.2 Continuous
7.3 Woven Cloth
7.4 Others
8 SiC Fiber Market, By Usage (Page No. - 43)
8.1 Introduction
8.2 Composites
8.2.1 CMC
8.2.2 PMC
8.2.3 MMC
8.3 Non-Composites
8.3.1 Woven Fabric, Felt, and Ropes
9 SiC Fiber Market, By End-Use Industry (Page No. - 48)
9.1 Introduction
9.2 Aerospace & Defense
9.3 Energy & Power
9.4 Industrial
9.5 Others
10 SiC Fiber Market, By Region (Page No. - 55)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Rest of Europe
10.4 APAC
10.4.1 Japan
10.4.2 China
10.4.3 Rest of APAC
10.5 Latin America
10.5.1 Brazil
10.5.2 Rest of Latin America
10.6 Middle East & Africa
10.6.1 UAE
10.6.2 Rest of MEA
11 Competitive Landscape (Page No. - 75)
11.1 Introduction
11.2 Market Ranking of Top Five Players, 2016
11.3 Competitive Scenario
11.3.1 New Technology Development
11.3.2 Expansion
12 Company Profiles (Page No. - 79)
12.1 Ngs Advanced Fibers
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)
12.2 UBE Industries
12.3 COI Ceramics
12.4 Specialty Materials
12.5 Matech
12.6 Haydale Technologies
12.7 Suzhou Saifei Group
12.8 BJS Ceramics
12.9 GE Aviation
12.10 Toshiba
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 94)
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
List of Table (72 Tables)
Table 1 Global SiC Fiber Market, 20152022
Table 2 Trends and Forecast of GDP, 20162022 (USD Billion)
Table 3 Per Capita GDP vs Per Capita Composite Materials Demand, 2016
Table 4 Market for New Airplanes, 2016-2035
Table 5 SiC Fiber Market Size, By Form, 20152022 (USD Million)
Table 6 SiC Fiber Market Size, By Form, 20152022 (Ton)
Table 7 Continuous SiC Fiber Market Size, By Region, 20152022 (USD Million)
Table 8 Continuous SiC Fiber Market Size, By Region, 20152022 (Ton)
Table 9 Woven Cloth SiC Fiber Market Size, By Region, 20152022 (USD Million)
Table 10 Woven Cloth SiC Fiber Market Size, By Region, 20152022 (Ton)
Table 11 Other SiC Fiber Market Size, By Region, 20152022 (USD Million)
Table 12 Other SiC Fiber Market Size, By Region, 20152022 (Ton)
Table 13 SiC Fiber Market Size, By Usage, 20152022 (USD Million)
Table 14 SiC Fiber Market Size, By Usage, 20152022 (Ton)
Table 15 SiC Fiber Market Size in Composites Usage, By Region, 20152022 (USD Million)
Table 16 SiC Fiber Market Size in Composites Usage, By Region, 20152022 (Ton)
Table 17 By Market Size in Non-Composites Usage, By Region, 20152022 (USD Million)
Table 18 By Market Size in Non-Composites Usage, By Region, 20152022 (Ton)
Table 19 By Market Size, By End-Use Industry, 20152022 (USD Million)
Table 20 By Market Size, By End-Use Industry, 20152022 (Ton)
Table 21 By Market Size in Aerospace & Defense, By Region, 20152022 (USD Million)
Table 22 By Market Size in Aerospace & Defense, By Region, 20152022 (Ton)
Table 23 By Market Size in Energy & Power, By Region, 20152022 (USD Million)
Table 24 By Market Size in Energy & Power, By Region, 20152022 (Ton)
Table 25 By Market Size in Industrial, By Region, 20152022 (USD Million)
Table 26 By Market Size in Industrial, By Region, 20152022 (Ton)
Table 27 By Market Size in Others, By Region, 20152022 (USD Million)
Table 28 By Market Size in Others, By Region, 20152022 (Ton)
Table 29 By Market Size, By Region, 20152022 (USD Million)
Table 30 By Market Size, By Region, 20152022 (Ton)
Table 31 North America: SiC Fiber Market Size, By End-Use Industry, 20152022 (USD Million)
Table 32 North America: By Market Size, By End-Use Industry, 20152022 (Ton)
Table 33 North America: By Market Size, By Usage, 20152022 (USD Million)
Table 34 North America: By Market Size, By Usage, 20152022 (Ton)
Table 35 North America: By Market Size, By Form, 20152022 (USD Million)
Table 36 North America: By Market Size, By Form, 20152022 (Ton)
Table 37 North America: By Market Size, By Country, 20152022 (USD Million)
Table 38 North America: By Market Size, By Country, 20152022 (Ton)
Table 39 Europe: SiC Fiber Market Size, By End-Use Industry, 20152022 (USD Million)
Table 40 Europe: By Market Size, By End-Use Industry, 20152022 (Ton)
Table 41 Europe: By Market Size, By Usage, 20152022 (USD Million)
Table 42 Europe: By Market Size, By Usage, 20152022 (Ton)
Table 43 Europe: By Market Size, By Form, 20152022 (USD Million)
Table 44 Europe: By Market Size, By Form, 20152022 (Ton)
Table 45 Europe: By Market Size, By Country, 20152022 (USD Million)
Table 46 Europe: By Market Size, By Country, 20152022 (Ton)
Table 47 APAC: SiC Fiber Market Size, By End-Use Industry, 20152022 (USD Million)
Table 48 APAC: By Market Size, By End-Use Industry, 20152022 (Ton)
Table 49 APAC: By Market Size, By Usage, 20152022 (USD Million)
Table 50 APAC: By Market Size, By Usage, 20152022 (Ton)
Table 51 APAC: By Market Size, By Form, 20152022 (USD Million)
Table 52 APAC: By Market Size, By Form, 20152022 (Ton)
Table 53 APAC: By Market Size, By Country, 20152022 (USD Million)
Table 54 APAC: By Market Size, By Country, 20152022 (Ton)
Table 55 Latin America: SiC Fiber Market Size, By End-Use Industry, 20152022 (USD Million)
Table 56 Latin America: By Market Size, By End-Use Industry, 20152022 (Ton)
Table 57 Latin America: By Market Size, By Usage, 20152022 (USD Million)
Table 58 Latin America: By Market Size, By Usage, 20152022 (Ton)
Table 59 Latin America: By Market Size, By Form, 20152022 (USD Million)
Table 60 Latin America: By Market Size, By Form, 20152022 (Ton)
Table 61 Latin America: By Market Size, By Country, 20152022 (USD Million)
Table 62 Latin America: By Market Size, By Country, 20152022 (Ton)
Table 63 MEA: By Market Size, By End-Use Industry, 20152022 (USD Million)
Table 64 MEA: By Market Size, By End-Use Industry, 20152022 (Ton)
Table 65 MEA: By Market Size, By Usage, 20152022 (USD Million)
Table 66 MEA: By Market Size, By Usage, 20152022 (Ton)
Table 67 MEA: By Market Size, By Form, 20152022 (USD Million)
Table 68 MEA: By Market Size, By Form, 20152022 (Ton)
Table 69 MEA: By Market Size, By Country, 20152022 (USD Million)
Table 70 MEA: By Market Size, By Country, 20152022 (Ton)
Table 71 New Technology Developments, 20132017
Table 72 Expansions, 20132017
List of Figures (33 Figures)
Figure 1 SiC Fiber Market Segmentation
Figure 2 SiC Fiber Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 SiC Fiber Market: Data Triangulation
Figure 6 Composite Usage to Dominate the SiC Fiber Market During the Forecast Period
Figure 7 Continuous Form to Lead SiC Fiber Market, 20172022
Figure 8 Aerospace & Defense Industry to Drive SiC Fiber Market, 20172022
Figure 9 North America to Register the Highest CAGR Between 2017 and 2022
Figure 10 Emerging Economies Offer Lucrative Opportunities to SiC Fiber Market
Figure 11 Aerospace & Defense to Register the Highest CAGR in SiC Fiber Market, 20172022
Figure 12 North America Dominated SiC Fiber Market in 2016
Figure 13 Continuous Form to Lead SiC Fiber Market
Figure 14 US to Be the Fastest-Growing Market, 20172022
Figure 15 Drivers, Restraints, Opportunities & Challenges in SiC Fiber Market
Figure 16 SiC Fiber Market: Porters Five Forces Analysis
Figure 17 Trends of GDP, 2016 (USD Billion)
Figure 18 Per Capita GDP vs Per Capita Composites Demand, 2016
Figure 19 Trends of New Airplane Deliveries, By Region, 2016-2035
Figure 20 Continuous Form to Lead SiC Fiber Market During the Forecast Period
Figure 21 North America to Lead Continuous SiC Fiber Market
Figure 22 Composites Usage to Lead SiC Fiber Market During Forecast Period
Figure 23 North America to Dominate Composites Usage Segment
Figure 24 Aerospace & Defense Industry to Lead SiC Fiber Market, 2017 vs 2022
Figure 25 North America Leads SiC Fiber Market in Aerospace & Defense Industry
Figure 26 US to Be the Fastest-Growing SiC Fiber Market
Figure 27 North America Market Snapshot: US is the Most Lucrative Market in North America
Figure 28 Europe Market Snapshot: Germany to Be the Fastest-Growing SiC Fiber Market
Figure 29 APAC Market Snapshot: Japan is the Leading SiC Fiber Market
Figure 30 Companies Adopted New Technology Developments and Expansions as Key Growth Strategies Between 2013 and 2017
Figure 31 UBE Industries: Company Snapshot
Figure 32 GE Aviation: Company Snapshot
Figure 33 Toshiba: Company Snapshot
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Growth opportunities and latent adjacency in SiC Fibers Market