Silicon Carbide Fibers Market Trends and Business Opportunities 2023 to 2030

The global silicon carbide fibers market size was valued at USD 501.9 million in 2021. The market is projected to grow from USD 572.8 million in 2022 to USD 3,758.4 million by 2030, exhibiting a CAGR of 30.8% during the forecast period. Global Silicon Carbide Fibers Market Reports give a Key study on the industry status of the Silicon Carbide Fibers Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.

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The COVID-19 pandemic has been shocking and has never happened before. Because of this, the demand for silicon carbide fibres is lower than expected in all areas compared to before the pandemic. Our research shows that the world market was 14.0% smaller in 2020 than in 2019.

Silicon carbide (SiC) fibres are made up of molecules of silicon carbide, and most of them are made using methods like laser-driven Chemical Vapor Deposition (CVD) and Yajima. People know that these fibres can withstand up to 2,700 degrees Fahrenheit. Because of these qualities, they are the best choice for gas turbines and nuclear power plants. During the review period, the global market for silicon carbide fibres will grow. This is because technology is getting better at making SiC-based fibres, and the aerospace industry is making parts out of lighter materials.

Competitive Landscape and Global Market Share Analysis:

NGS Advanced Fibers Co., Ltd. (Japan), Specialty Materials (U.S.), UBE Corporation (Japan), American Elements (U.S.), Nanoshel LLC (U.S.), NINGXIA ANTELI CARBON MATERIAL CO. LTD (China), Suzhou Saifei Group Ltd. (China), Haydale Graphene Industries Plc (U.K.), Matech (U.S.), BJS Ceramics GmbH (Germany), SkySpring Nanomaterials, Inc. (U.S.), Others

Market Segmentation:

By Form:

  • Continuous
  • Woven
  • Others

By Usage:

  • Composites
  • Non-composites
  • Others

By Application:

  • Aerospace & Defense
  • Energy & Power
  • Industrial
  • Others

The report on the Silicon Carbide Fibers market covers the following region (country) analysis:

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Regional Insights:

In North America, the market was worth USD 276.8 million in 2021. Because North America is becoming more industrialised and has better technology, the market for SiC fibres has grown there. The U.S. has the biggest share of the market in this area. The main things that are driving the demand for this product in this country are the rise in research and development, the growth of the aerospace industry, and the rise in the production of silicon carbide fibres.

This shows how quickly industry is growing in Europe, where there is a lot of demand for the product. SiC-based products are being used more and more in industrial machinery for things like preheaters, radiant tubes, and recuperators.

In Asia-Pacific, where the market is growing, most of it is because energy and power applications need more continuous fibres. Because continuous fibres are stronger and can handle higher temperatures, this is the case.

The most important places in the rest of the world are the Middle East and Africa. In the chemical industry, more heat exchangers, reactors, filters, and reformers are being used. This will help the market in this area grow. Also, the market will grow a lot in the near future because the aerospace industry in Latin America is growing.

Following are the major TOC of the Silicon Carbide Fibers Market:

Chapter 1: Silicon Carbide Fibers Market Overview

Chapter 2: Global Economic Impact on Industry

Chapter 3: Global Silicon Carbide Fibers Market Competition by Manufacturers

Chapter 4: Global Production, Profits (Value) by Region

Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions

Chapter 6: Global Price Trend by Type, Revenue (Value), Production

Chapter 7: Manufacturing Cost Analysis

Chapter 8: Global Market Analysis by Application

Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Market Effect Factors Analysis

Chapter 12: Global Silicon Carbide Fibers Market Forecast

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Key Reasons to Purchase Silicon Carbide Fibers Market report:

The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.

In-depth market analysis and an overview of the global Silicon Carbide Fibers Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.

Reader can acquire a better interpretation of the Silicon Carbide Fibers Market forecast’s future view and opportunities from the report.

The report contains an analysis of recent developments as well as profiles of important market leaders and key players.

To gain an understanding of the market strategies by the leading market players in the Silicon Carbide Fibers

The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.

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