Asia Pacific SiC Fibers Market to 2027 - Regional Analysis and Forecasts By Form (Continuous, Woven Cloth, Others); Usages (Composites, Non-Composites); End-Use Industry (Aerospace and Defense, Energy and Power, Industrial, Others)

TIPRE00008079 | Pages: 142 | Chemicals and Materials | Jan 2020 | Type: Regional | Status: Published

The Asia Pacific SiC fibers market accounted for US$ 55.6 Mn in 2018 and is predicted to grow at a CAGR of 34.9% during the forecast period 2019 – 2027, to account for US$ 854.8 Mn by 2027.

 

In 2018, Japan accounted for a significant share of the Asia Pacific SiC fibers market. Asia Pacific has presence of some world leading automobile and aircraft manufacturing companies which generate significant demand for SiC fibers. The region is expected to turn into a lucrative SiC fibers market as it has a robust manufacturing base in countries such as China and Japan as well as countries in Rest of Asia Pacific such as India and Philippines. Moreover, rising investments in the manufacturing ability and production facility of SiC fibers is further expected to fuel the growth of the SiC fibers market in the Asia Pacific region. The construction of efficient nuclear power plants and the rising use of technical ceramics used in their constructions across Asia Pacific is anticipated to drive the sales for SiC fibers. The large number of industrial bases in industrialized countries such as Japan and China are expected to propel the growth of SiC fibers in Asia Pacific in the forecast period.


Asia Pacific SiC Fibers Market

Asia Pacific SiC Fibers Market

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Market Insights

Growing Demand from Various End-Use Industries

High strength along with a lightweight, stability over high temperature, and resistance from oxidation and corrosion make SiC fibers an ideal material used across various ends use industries such as aerospace and defense, power and energy, chemical, automotive, and others. The rising focus towards the advancement of the performance of commercial and military aircraft is continuously driving the demand for high performance structural materials in the aerospace industry. Composite materials have gained acceptance for aviation and aerospace applications owing to exceptional strength coupled with superior physical properties and stiffness-to-density ratios. The aerospace industry is considered as the prime user of SiC fibers. The use of SiC fibers is important for application dealing in extreme mechanical loads at high temperatures (up to 1900 K in the air) and cannot be met out with any metallic material or intermetallic materials. The growing application of silicon carbide fibers reinforced composites is motivating the manufacturers to replace the metal parts in aircraft with the fibers so as to boost the fuel efficiency of aircraft engines. They are used in manufacturing of aircraft engines, thermal protection systems, and turbopumps. Thus, the growing application base along with a rapid rise in urbanization and industrialization is boosting the demand for SiC fibers in the industry.

                                                                                      

Form Insights

Based on form, the Asia Pacific SiC fibers market is bifurcated as continuous, woven cloth and others. The SiC fibers have a strong oxidation resistance and are extremely strong fibers that are specially used for high-temperature applications. Composition of carbon, silicon or acute proportions of oxygen present in the fiber depend on the manufacturing process of the SiC fiber. The continuous SiC fiber segment is anticipated to account for a significant share of the SiC fiber market in Asia Pacific region for the year 2018. The continuous SiC fiber is widely used in the nuclear environment due to its chemical stability, high toughness, relatively low neutron absorption and mature fabrication technology. These fibers have been gaining growing inclination in the nuclear industry and are being studied all over the globe and are being applied mainly to the engine combustion chamber, friction materials and aerospace heat shield. The continuous SiC fibers are also noted to possess excellent electronic properties too. These fibers are prepared by the hot pressing and vacuum bag infiltration method using the SiC fabric performs. The expansion of power and energy sector in less developed economies of Asia Pacific region has generated significant demand for technical ceramics such as continuous SiC fibers used in construction of nuclear reactors.

 

Usage Insights

The SiC fiber market is bifurcated on the basis of usage into composites and non-composites. The SiC fibers market is anticipated to witness strong growth in Asia Pacific owing to large demand for SiC fibers from its energy, aviation, and industrial sector. The composite SiC fibers is anticipated to hold a major share of the Asia Pacific SiC fibers market by usage in 2018. The composites usage comprises of ceramic matrix composites (CMC), Polymer Matrix Composites (PMC) and Metal Matrix Composites (MMC). The PMC is poised to be a new alternative ceramic in various domestic and engineering applications. This composite that is influenced by the distinguished properties of SiC fiber is used in engineering applications such as marine, automobile, mechanical and others. The versatility offered by the use of composite SiC fibers has made them the preferred material in the construction of turbine engine components, and thermal protection systems in the aerospace applications. The remarkable properties of composite SiC fibers such as high chemical, mechanical and thermal stability with high tensile strength is anticipated to drive the demand for composite SiC fibers in the forecast period.

 

End-Use Industry Insights

The SiC fibers market is bifurcated on basis of end-use industry into aerospace and defense, energy and power, industrial, and others. The aerospace and defense industry is expected to generate significant demand for SiC fibers in 2018. Whereas the demand for SiC fibers in energy and power sector is anticipated to grow at a rapid pace in the forecast period 2019–2027. SiC fibers have gained importance in the aviation sector owing to their lightweight, high strength, and resistance towards oxidation and corrosion. These fibers are preferred over metal alloys in manufacturing aircraft components such as nozzles, combustors, shrouds, and blades of aircraft engines. The SiC fibers composites impart durability and toughness to the various aircraft components. The high modulus of SiC fibers composite makes it structurally suitable in the production of aircraft components. Moreover, the demand for silicon carbide fiber composites is high for manufacturing turbine & combustion section of aero-propulsion engines, which is expected to result in high product demand. The increasing use of aerospace composite materials like SiC fibers has played a significant role in the increased fuel efficiency and weight reduction of aircrafts. These properties of the SiC fibers composites have encouraged its use in the aerospace and spacecraft industry.

 

Rest of Asia Pacific SiC Fibers Market by End-Use Industry 

Rest of Asia Pacific SiC Fibers Market by End-Use Industry 

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Strategic Insights

New product development, market initiatives and merger and acquisition were observed as the most adopted strategies in Asia Pacific SiC fibers market. Few of the recent developments in the Asia Pacific SiC fibers market are listed below:

 

2017: In March 2017, Nippon Carbon Co., Ltd. announced the creation of the new business division “Global Business Development Division”. The new division will work cross-sectionally for worldwide market survey and analysis, new business development and global organization enforcement.


2016:
NGS Advanced Fibers Co., Ltd announced the completion of it’s second plant. The addition of new plant facility would increase production capacity of HI-NICALON (including TypeS) by 10 tonnes per annum.

                       

ASIA PACIFIC SiC FIBERS MARKET SEGMENTATION

Asia Pacific SiC Fibers Market - By Form     

  • Continuous
  • Woven Cloth
  • Others


Asia Pacific SiC Fibers Market - By Usage

  • Composites
  • Non-Composites


Asia Pacific SiC Fibers Market - By End-Use Industry

  • Aerospace and Defense Industrial, Others
  • Energy and Power
  • Industrial
  • Others


Asia Pacific SiC Fibers Market - By Country

  • Japan
  • China
  • Rest Of Asia Pacific

 

Company Profiles

  • American Elements                 
  • General Electric Company                  
  • Haydale Technologies Inc.                  
  • NGS Advanced Fibers Co., Ltd.           
  • Suzhou Saifei Group Co., Ltd             
  • Ube Industries, Ltd                 
  • Ceramdis GmbH           
  • Nippon Carbon Co Ltd.            
  • Hongwu International Group Ltd
  • SNAM Group of Companies

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Asia Pacific SiC Fibers Market – By Form

1.3.2        Asia Pacific SiC Fibers Market – By Usage

1.3.3        Asia Pacific SiC Fibers Market – By End-Use Industry

1.3.4        Asia Pacific SiC Fibers Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           SiC Fibers Market Landscape

4.1         Market Overview

4.1.1        PEST Analysis: APAC SiC Fibers Market

5.           SiC Fibers Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Growing Demand from Various End-Use Industries

5.1.2        Higher Temperature Stability in Comparison to Substitutes

5.2         Key Market Restraints

5.2.1        High-Cost Associated With SiC Fibers

5.3         Key Market Opportunities

5.3.1        Growing Demand of SiC Fibers from Nuclear Industry

5.4         Future Trends

5.4.1        Rising Application of Cost-Efficient Alpha Silicon Carbide Fiber

5.5         Impact Analysis of Drivers and Restraints

6.           SiC Fibers – Asia Pacific Market Analysis

6.1         Asia Pacific SiC Fibers Market Overview

6.2         Asia Pacific SiC Fibers Market Forecast and Analysis

7.           Asia Pacific SiC Fibers Market Analysis – By Form

7.1         Overview

7.2         Asia Pacific SiC Fibers Market Breakdown, By Form, 2018 & 2027

7.3         Continuous

7.3.1        Overview

7.3.2        Asia Pacific Continuous SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)

7.4         Woven Cloth

7.4.1        Overview

7.4.2        Asia Pacific Woven Cloth SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)

7.5         Others

7.5.1        Overview

7.5.2        Asia Pacific Others Market Revenue Forecasts To 2027 (US$ Mn)

8.           Asia Pacific SiC Fibers Market Analysis – By Usage

8.1         Overview

8.2         Asia Pacific SiC Fibers Market Breakdown, By Usage, 2018 & 2027

8.3         Composites

8.3.1        Overview

8.3.2        Asia Pacific Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)

8.4         Non–Composites

8.4.1        Overview

8.4.2        Asia Pacific Non–Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)

9.           Asia Pacific SiC Fibers Market Analysis – By End-Use Industry

9.1         Overview

9.2         Asia Pacific SiC Fibers Market Breakdown, By End-Use Industry, 2018 & 2027

9.3         Aerospace and Defense

9.3.1        Overview

9.3.2        Asia Pacific Aerospace and Defense Market Revenue Forecasts To 2027 (US$ Mn)

9.4         Energy and Power

9.4.1        Overview

9.4.2        Asia Pacific Energy and Power Market Revenue Forecasts To 2027 (US$ Mn)

9.5         Industrial

9.5.1        Overview

9.5.2        Asia Pacific Industrial Market Revenue Forecasts To 2027 (US$ Mn)

9.6         Others

9.6.1        Overview

9.6.2        Asia Pacific Others Market Revenue Forecasts To 2027 (US$ Mn)

10.        SiC Fibers Market – Country Analysis

10.1      Overview

10.1.1     Asia Pacific SiC Fibers Market Breakdown, by Country

10.1.1.1       Japan SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)

10.1.1.1.1       Japan SiC Fibers Market Breakdown By Form

10.1.1.1.2       Japan SiC Fibers Market Breakdown by Usage

10.1.1.1.3       Japan SiC Fibers Market Breakdown By End-Use Industry

10.1.1.2       China SiC Fibers Market Revenue and Forecasts to 2027 (US$ MN)

10.1.1.2.1       China SiC Fibers Market Breakdown by Form

10.1.1.2.2       China SiC Fibers Market Breakdown by Usage

10.1.1.2.3       China SiC Fibers Market Breakdown by End-Use Industry

10.1.1.3       Rest of APAC SiC Fibers Market Revenue and Forecasts to 2027 (US$ MN)

10.1.1.3.1       Rest of Asia Pacific SiC Fibers Market Breakdown by Form

10.1.1.3.2       Rest of Asia Pacific SiC Fibers Market Breakdown by Usage

10.1.1.3.3       Rest of Asia Pacific SiC Fibers Market Breakdown by End-Use Industry

11.        Industry Landscape

11.1      Overview

11.2      Strategy And Business Planning

11.3      Market Initiatives

12.        Company Profiles

12.1      American Elements

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.2      General Electric Company

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Haydale Technologies Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      NGS Advanced Fibers Co., Ltd.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Ube Industries, Ltd.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.6      Ceramdis GmbH

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.7      Suzhou Saifei Group Co., Ltd

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.8      Nippon Carbon Co Ltd

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Hongwu International Group Ltd

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.10   SNAM Group

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary

LIST OF TABLES

Table 1.            Asia Pacific SiC Fibers Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.            Asia Pacific SiC Fibers Market Revenue and Forecasts to 2027 – By Form (US$ Mn)

Table 3.            Asia Pacific SiC Fibers Market Revenue and Forecasts to 2027 – By Usage (US$ Mn)

Table 4.            Asia Pacific SiC Fibers Market Revenue and Forecasts to 2027 – By End-Use Industry (US$ Mn)

Table 5.            Japan SiC Fibers Market Revenue And Forecasts To 2027 – By Form (US$ Mn)

Table 6.            Japan SiC Fibers Market Revenue and Forecasts to 2027 – By Usage (US$ Mn)

Table 7.            Japan SiC Fibers Market Revenue And Forecasts To 2027 – By End-Use Industry (US$ Mn)

Table 8.            China SiC Fibers Market Revenue And Forecasts To 2027 – By Form (US$ Mn)

Table 9.            China SiC Fibers Market Revenue And Forecasts To 2027 – By Usage (US$ Mn)

Table 10.         China SiC Fibers Market Revenue And Forecasts To 2027 – By End-Use Industry (US$ Mn)

Table 11.         Rest of Asia Pacific SiC Fibers Market Revenue And Forecasts To 2027 – By Form (US$ Mn)

Table 12.         Rest of Asia Pacific SiC Fibers Market Revenue And Forecasts To 2027 – By Usage (US$ Mn)

Table 13.         Rest of Asia Pacific SiC Fibers Market Revenue And Forecasts To 2027 – By End-Use Industry (US$ Mn)

Table 14.         Glossary of Terms, Asia Pacific SiC Fibers Market

LIST OF FIGURES

Figure 1.          Asia Pacific SiC Fibers Market Segmentations

Figure 2.          Asia Pacific SiC Fibers Market Segmentation – By Country

Figure 3.          Asia Pacific SiC Fibers Market Overview

Figure 4.          Aerospace and Defense Segment Held Largest Share In The Asia Pacific SiC Fibers Market

Figure 1.          Japan Dominated The Asia Pacific SiC Fibers Market In 2018

Figure 2.          Asia Pacific SiC Fibers Market, Industry Landscape

Figure 3.          PEST Analysis for APAC SiC Fibers Market

Figure 4.          SiC Fibers Market Impact Analysis Of Driver And Restraints

Figure 5.          Asia Pacific SiC Fibers Market Forecast And Analysis, (US$ Mn)

Figure 6.          Asia Pacific SiC Fibers Market Breakdown by Form, 2018 & 2027 (%)

Figure 7.          Asia Pacific Continuous SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)

Figure 8.          Asia Pacific Woven Cloth SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)

Figure 9.          Asia Pacific Others Market Revenue Forecasts To 2027 (US$ Mn)

Figure 10.       Asia Pacific SiC Fibers Market Breakdown by Usage, 2018 & 2027 (%)

Figure 11.       Asia Pacific Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)

Figure 12.       Asia Pacific Non–Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)

Figure 13.       Asia Pacific SiC Fibers Market Breakdown by End-Use Industry, 2018 & 2027 (%)

Figure 14.       Asia Pacific Aerospace and Defense Market Revenue Forecasts To 2027 (US$ Mn)

Figure 15.       Asia Pacific Energy and Power Market Revenue Forecasts To 2027 (US$ Mn)

Figure 16.       Asia Pacific Industrial Market Revenue Forecasts To 2027 (US$ Mn)

Figure 17.       Asia Pacific Others Market Revenue Forecasts To 2027 (US$ Mn)

Figure 18.       Asia Pacific SiC Fibers Market Breakdown by Country, 2018 & 2027(%)

Figure 19.       Japan SiC Fibers Market Forecasts To 2027 (US$ Mn)

Figure 20.       China SiC Fibers Market Revenue And Forecasts To 2027 (US$ MN)

Figure 21.       Rest of APAC SiC Fibers Market Revenue And Forecasts To 2027 (US$ MN)

 

The List of Companies - Asia Pacific SiC Fibers Market

  1. American Elements
  2. General Electric Company
  3. Haydale Technologies Inc.
  4. NGS Advanced Fibers Co., Ltd.
  5. Suzhou Saifei Group Co., Ltd
  6. Ube Industries, Ltd
  7. Ceramdis GmbH
  8. Nippon Carbon Co Ltd.
  9. Hongwu International Group Ltd
  10. SNAM Group of Companies      
  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific SiC fibers market, thereby allowing players to develop effective long term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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