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‘Silicon Carbide (SiC) Fibers Market to grow at 8.2% CAGR in 2023’– Stratview Research Market Report

03-27-2019 07:23 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

‘Silicon Carbide (SiC) Fibers Market to grow at 8.2% CAGR

As per the latest market intelligence report published by Stratview Research, the Silicon Carbide (SiC) Fibers Market is anticipated to reach at 8.2% CAGR by 2023.
The research studies Silicon Carbide (SiC) Fibers Market in the trend period of 2012 to 2017 and forecasted period of 2018 to 2023 under four segments by Fiber Type (Continuous and Short Fibers), by Application Type (Aerospace & Defense, Power Generation, Nuclear, and Others), by Usage Type (Composites and Non-Composites), by Region (NA, Europe, APAC, ROW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021

The study finds –
 Aerospace and Defense segment is expected to experience the fastest growth during the forecast period driven by continuous development of new applications in high temperature areas.
 Continuous SiC fibers also known as tow, are expected to experience the fastest growth during the forecast period.
 Composites (CMC, MMC, and PMC) is expected to remain the largest SiC application type during the forecast period.
 North America is expected to remain the largest market for SiC fibers during the forecast period.

Click here to read the detailed description https://www.stratviewresearch.com/164/silicon-carbide-fibers-market.html

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Silicon Carbide (SiC) Fibers Market: Highlights
SiC fibers have been the hot topic for research and development from last 20 years. SiC fibers offers many advantages, such as lightweight, high hardness and superior thermal & chemical resistance. The global silicon carbide fibers market offers good growth opportunity and is likely to grow at 8.2% CAGR during the forecast period of 2016 to 2021. Technological advancement, development of new applications in high temperature areas, and high focus of major engine manufacturers to increase the use of SiC fibers in upcoming engine models for commercial and military aircraft are likely to drive the SiC fibers market.

Request free sample here- https://www.stratviewresearch.com/Request-Sample/164/silicon-carbide-fibers-market.html

Aerospace and Defense segment is expected to experience the fastest growth during the forecast period driven by continuous development of new applications in high temperature areas (1,100°C to 1,600°C) of the aircraft engines. SiC Fibers based composites have one-third density to the nearest rival Nickel metal alloys and therefore reduce the overall engine weight significantly. Further, high temperature properties of ceramic matrix composites enhance overall engine performance, durability, and fuel economy. LEAP engine, developed by CFM International for A320neo and B737max platforms will have SiC fibers based ceramic matrix composites in its turbine shrouds. Shrouds are stationary parts in the high pressure turbine that direct air and ensure turbine blade efficiency.

Continuous SiC fibers also known as tow, are expected to experience the fastest growth during the forecast period. Continuous fibers are suitable for ceramic matrix composites (CMC), metal matrix composites (MMC), and polymer matrix composites (PMC). They (continuous fibers) are widely preferred in the aerospace and defense industry.

Composites (CMC, MMC, and PMC) is expected to remain the largest SiC application type during the forecast period. Ceramic matrix composites are the leading composites type and are used in the many applications from aerospace to power generation to nuclear industry.

North America is expected to remain the largest market for SiC fibers during the forecast period driven by presence of major aircraft engine manufacturers and high demand of CMC components in other industries including power generation and nuclear. Asia-Pacific region is expected to witness the fastest growth during the forecast period, driven by growing aerospace and defense industry.

The supply chain of this market comprises raw material suppliers, SiC fiber manufacturers, composite parts manufacturers, engine manufacturers, OEMs, and airline companies. The key SiC fiber manufacturers are NGS Advanced Fibers Co. Ltd., COI Ceramics, Specialty Materials, Saint-Gobain, UBE Industries, and Volzhsky Abrasive Works.

Technological development, new product development for high performance applications, and strategic alliances are the key strategies adopted by the key players to gain competitive edge in the market.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum input to the entire value chain of BMI Prepreg. The key features of the report are -
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Stratview follows a rigorous process for conducting business research from primary and secondary sources to understand the entire market ecosystem. It has several high value market reports in the chemicals and materials industry. Please refer to the following link to browse through the reports:

Click Here for Other Reports from Stratview Research in the Advanced
Material Industry: https://www.stratviewresearch.com/market-reports/Advanced-Materials.html

Stratview Research is a global market intelligence firm offering a wivde range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

We have a strong experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.

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