SiC Fibers Market

The Major Players Operating in the SiC Fiber Market have Adopted the Expansions Strategy to Increase their Market Shares

SiC fibers are advanced and high-performance fibers used as reinforcements for Ceramic Matrix Composites (CMCs), Polymer Matrix Composites (PMCs), and Metal Matrix Composites (MMCs). SiC fibers can be supplied in forms such as continuous, woven cloth, and others that are used by the aerospace & defense, energy & power, industrial, and other sectors. The market size of SiC fiber is estimated to reach USD 1,113.32 million by 2022, at a CAGR of 35.9% between 2017 and 2022.

Some of the key players in the global SiC fiber market are Ube Industries (Japan), NGS Advanced Fibers (Japan), Suzhou Saifei Group (China), Haydale Technologies (US), Matech (US), Specialty Materials, Inc. (US), and COI Ceramics (US). GE Aviation (US) and BJS Ceramics (Germany) are planning to begin large-scale SiC fiber production in 2019.

Expansions and new technology developments have been the principal strategies adopted by the key players to strengthen their positions in the SiC fiber market. The existing key players as well as new players such as Ube Industries, NGS Advanced Fiber, and GE Aviation (US) are some of the major companies investing in establishments and capacity expansions of SiC fiber plants. These companies are expected to mass produce SiC fibers to cater the demand for SiC fiber for CMCs in the engine components of aircraft and land based gas turbine engines. In addition, they have invested heavily in manufacturing and processing technologies to decrease the cost of SiC fiber. This is expected to help meet the rising demand for SiC fiber for next-generation aircraft such as Boeing Dreamliner 787 and Airbus A350XWB.

NGS Advanced Fiber is currently the largest producer of SiC fiber in the world with a production capacity of 10 tons per year. The company is a joint venture between Nippon (Japan), Safran (France), and GE Aviation (US). The company is focusing on using the latest technologies to expand its production capacity of high-performance Hi- NICALON and Hi- NICALON Type-S products. It aims to enhance its global-scale production system by investing in new plants and equipment to increase capacity and meet the growing demand for SiC fibers.

Ube Industries is another major player in the SiC fiber market. The company has well-developed R&D facilities and continues to heavily invest in developing inorganic materials. It has a well-established SiC fibers business in Japan and is expanding its production capacity to meet the demand from next-generation aircraft and nuclear reactors. The company is planning to expand its SiC fiber production by 2025 at its Yamaguchi plant. With this expansion, the company intends to enhance its annual production capacity to 200 tons from the previous 10 tons, aiming to achieve sales of USD 43.2 Million per year.

Related Reports:

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

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Report Code
CH 4452
Published ON
Dec, 2017
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