SiC Fibers Market worth $1,262 million by 2025 | Key players NGS Advanced Fibers Co. Ltd. (Japan), Ube Industries, Ltd. (Japan), GE Aviation (US), COI Ceramics, Inc. (US), Specialty Materials, Inc. (US).

According to recent market research the "SiC Fibers Market by Type (First, Second, and Third Generation), Form (Continuous, Woven, Others), Phase (Amorphous, Crystalline, Usage (Composites, Non-Composites), End-Use Industry, and Region - Global Forecast to 2025" The global SiC fibers market is expected to grow from USD 382 million in 2020 to USD 1,262 million by 2025, at a CAGR of 27.0% during the forecast period. Increasing demand from aircraft and land-based gas turbine engine manufacturers is driving the growth of the market.

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First generation SiC fibers account for the largest share in the global SiC fibers market in terms of volume. First generation SiC fibers are the most primitive ones that are polymer derived. These fibers have high oxygen and carbon content and can withstand temperatures 2,3720F. These are less expensive when compared with second and third generation SiC fibers.

The continuous form of SiC fibers is compatible with PMCs, CMCs, and MMCs. The continuous SiC fiber form has excellent temperature, oxidation, and creep failure resistance. The majority of the SiC fiber manufacturers supply SiC fibers in the continuous form.

The SiC fibers in the amorphous phase dominated the market in 2019 owing to high production volumes and less cost. However, the crystalline phase is expected to register a higher CAGR owing to capacity expansion, technological advancements, and increasing demand from aircraft engine manufacturers.

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The aerospace & defense industry accounted for the largest share in 2019 in terms of value and volume in the SiC fibers market. Increasing demand for reducing fuel consumption, extending engine life, decreasing servicing cost, and increasing weight-to-thrust ratio are driving the SiC fibers market in the aerospace & defense industry. The high share of this segment can also be attributed to the growing demand for third generation SIC fibers in the hot section components such as nozzles, turbines, shrouds, and combustor liners of aircraft engines. Many companies are increasing the production capacity of SiC fibers to meet their growing demand from aircraft engine manufacturers.
The demand for SiC fibers is currently the highest in North America, where extensive R&D is being carried out on SiC fibers. High demand from aircraft engine manufacturers, huge R&D investment, along with GE Aviation's commencement of SiC fiber production from 2019, is expected to drive the SiC fibers market. In the region during the forecast period.

NGS Advanced Fibers Co. Ltd. (Japan), Ube Industries, Ltd. (Japan), GE Aviation (US), COI Ceramics, Inc. (US), Specialty Materials, Inc. (US), BJS Ceramics GmbH (Germany), Ningbo Zhonxing New Materials Co.Ltd. (China), Matech (US), Suzhou Saifei Group (China) are some of the key players in the SiC fibers market. These players have taken different organic and inorganic developmental strategies over the past five years.

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NGS Advanced Fiber Co. Ltd. is currently the largest producer of SiC fibers in the world. The company is an affiliate of Nippon carbon that manages slaes, R&D, and manufacturing of SiC fibers. 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 of SiC fibers to meet the growing demand for SiC fibers.

Ube Industries is also one of the major players 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, aiming to achieve sales of USD 43.2 million per year.

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