North America SiC Fibers Market to 2027 - Regional Analysis and Forecasts By Form (Continuous, Woven Cloth, Others); Usage (Composites, Non-Composites); End-Use Industry (Aerospace and Defense, Energy and Power, Industrial, Others)
The North America SiC fibers market accounted for US$ 112.5 Mn in 2018 and is predicted to grow at a CAGR of 20.1% during the forecast period 2019 - 2027, to account for US$ 2,097.7 Mn by 2027.
SiC fibers are composed of silicon carbide molecules, which range in diameter from 5-50 micrometers. They exhibit properties such as higher temperature capability, lower thermal expansion, lower density, higher oxidative durability, lower permeability, light-weight, high strength, and better thermal conductivity. SiC fibers are widely considered as key reinforcing agents, and are used in high performance ceramic matrix or metal matrix composites. In 2018, US accounted for a dominating share of the North American SiC fibers market. North America 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 Canada and US. 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 North American region. The construction of efficient nuclear power plants and the rising use of technical ceramics used in their constructions across North America is anticipated to drive the sales for SiC fibers. The prolific industrial base of highly industrialized countries such as Canada and the US is expected to propel the growth of SiC fibers in North America in the forecast period.
North America 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 and used in the manufacturing of 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 North America 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 larger share of the SiC fiber market in North American region. 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.
Usage Insights
The North America 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 North America owing to large demand for SiC fibers from its energy, aviation, and industrial sector. The composite SiC fibers is poised to dominate the North American SiC fibers market by usage. 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 whereas the demand for SiC fibers in energy and power sector is anticipated to grow at a rapid pace in the forecast period. 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 aircraft. These properties of the SiC fibers composites have encouraged its use in the aerospace and spacecraft industry.
North America SiC Fibers Market by End-Use Industry
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Strategic Insights
New product development, market initiatives, and mergers and acquisitions were observed as the most adopted strategies in the North American SiC fibers market. Few of the recent developments in the North America SiC fibers market are listed below:
2018: Haydale Technologies Inc. announced an expansion of its portfolio by offering Ultra High Purity Silicon Carbide Particulate in a range of sizes to meet customer needs.
2017: Nippon Carbon Co., Ltd. announced the creation of a new business division “Global Business Development Division” for worldwide market survey and analysis, new business development and global organization enforcement.
2016: GE Aviation announced to build two new adjacent factories for the mass-production of silicon carbide (SiC) materials that are used to produce ceramic matrix composite components (CMCs) for land-based gas turbines for electric power and jet engines.
NORTH AMERICA SiC FIBERS MARKET SEGMENTATION
North America SiC Fibers Market - By Form
- Continuous
- Woven Cloth
- Others
North America SiC Fibers Market - By Usage
- Composites
- Non-Composites
North America SiC Fibers Market - By End-Use Industry
- Aerospace and Defense
- Energy and Power
- Industrial
- Others
North America SiC Fibers Market - By Country
- Canada
- US
Company Profiles
- American Elements
- COI Ceramics, Inc.
- General Electric Company
- Haydale Technologies Inc.
- Matech
- NGS Advanced Fibers Co., Ltd.
- Specialty Materials, Inc.
- Ube Industries, Ltd
- Ceramdis GmbH
- Nippon Carbon Co Ltd
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America SiC Fibers Market – By Form
1.3.2 North America SiC Fibers Market – By Usage
1.3.3 North America SiC Fibers Market – By End–Use Industry
1.3.4 North America 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
4.2 PEST Analysis
4.2.1 PEST Analysis: North American 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 – North America Market Analysis
6.1 North America SiC Fibers Market Overview
6.2 North America SiC Fibers Market Forecast and Analysis
7. North America SiC Fibers Market Analysis – By Form
7.1 Overview
7.2 North America SiC Fibers Market Breakdown, By Form, 2018 and 2027
7.3 Continuous
7.3.1 Overview
7.3.2 North America Continuous SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
7.4 Woven Cloth
7.4.1 Overview
7.4.2 North America Woven Cloth SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 North America Others Market Revenue Forecasts To 2027 (US$ Mn)
8. North America SiC Fibers Market Analysis – By Usage
8.1 Overview
8.2 North America SiC Fibers Market Breakdown, By Usage, 2018 and 2027
8.3 Composites
8.3.1 Overview
8.3.2 North America Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
8.4 Non–Composites
8.4.1 Overview
8.4.2 North America Non–Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
9. North America SiC Fibers Market Analysis – By End–Use Industry
9.1 Overview
9.2 North America SiC Fibers Market Breakdown, By End–Use Industry, 2018 and 2027
9.3 Aerospace and Defense
9.3.1 Overview
9.3.2 North America Aerospace and Defense Market Revenue Forecasts To 2027 (US$ Mn)
9.4 Energy and Power
9.4.1 Overview
9.4.2 North America Energy and Power Market Revenue Forecasts To 2027 (US$ Mn)
9.5 Industrial
9.5.1 Overview
9.5.2 North America Industrial Market Revenue Forecasts To 2027 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 North America Others Market Revenue Forecasts To 2027 (US$ Mn)
10. SiC Fibers Market – Country Analysis
10.1 Overview
10.1.1 North America SiC Fibers Market Breakdown, by Country
10.1.1.1 US SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
10.1.1.1.1 US SiC Fibers Market Breakdown By Form
10.1.1.1.2 US SiC Fibers Market Breakdown by Usage
10.1.1.1.3 US SiC Fibers Market Breakdown By End–Use Industry
10.1.1.2 Canada SiC Fibers Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.2.1 Canada SiC Fibers Market Breakdown by Form
10.1.1.2.2 Canada SiC Fibers Market Breakdown by Usage
10.1.1.2.3 Canada SiC Fibers Market Breakdown by End Use Industry
11. Industry Landscape
11.1 Overview
11.2 Market Initiatives
11.3 New Development
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 COI Ceramics, Inc.
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
12.3 General Electric Company
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 Haydale Technologies Inc.
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 NGS Advanced Fibers Co., 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
12.5.6 Key Developments
12.6 Ube Industries, Ltd.
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 Ceramdis GmbH
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 Matech
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 Specialty Materials, Inc.
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. North America SiC Fibers Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. North America SiC Fibers Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 3. North America SiC Fibers Market Revenue and Forecasts to 2027 – By Usage (US$ Mn)
Table 4. North America SiC Fibers Market Revenue and Forecasts to 2027 – By End–Use Industry (US$ Mn)
Table 5. US SiC Fibers Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 6. US SiC Fibers Market Revenue and Forecasts to 2027 – By Usage (US$ Mn)
Table 7. US SiC Fibers Market Revenue And Forecasts To 2027 – By End–Use Industry (US$ Mn)
Table 8. Canada SiC Fibers Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 9. Canada SiC Fibers Market Revenue And Forecasts To 2027 – By Usage (US$ Mn)
Table 10. Canada SiC Fibers Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)
Table 11. Glossary of Terms, North America SiC Fibers Market
LIST OF FIGURES
Figure 1. North America SiC Fibers Market Segmentations
Figure 2. North America SiC Fibers Market Segmentation – By Country
Figure 3. North America SiC Fibers Market Overview
Figure 4. Aerospace and Defense Segment Held Largest Share In The North America SiC Fibers Market
Figure 5. US Dominated The North America SiC Fibers Market In 2018
Figure 6. North America SiC Fibers Market, Industry Landscape
Figure 7. PEST Analysis for North American SiC Fibers Market
Figure 8. SiC Fibers Market Impact Analysis Of Driver And Restraints
Figure 9. North America SiC Fibers Market Forecast And Analysis, (US$ Mn)
Figure 10. North America SiC Fibers Market Breakdown by Form, 2018 and 2027 (%)
Figure 11. North America Continuous SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
Figure 12. North America Woven Cloth SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
Figure 13. North America Others Market Revenue Forecasts To 2027 (US$ Mn)
Figure 14. North America SiC Fibers Market Breakdown by Usage, 2018 and 2027 (%)
Figure 15. North America Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
Figure 16. North America Non–Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
Figure 17. North America SiC Fibers Market Breakdown by End–Use Industry, 2018 and 2027 (%)
Figure 18. North America Aerospace and Defense Market Revenue Forecasts To 2027 (US$ Mn)
Figure 19. North America Energy and Power Market Revenue Forecasts To 2027 (US$ Mn)
Figure 20. North America Industrial Market Revenue Forecasts To 2027 (US$ Mn)
Figure 21. North America Others Market Revenue Forecasts To 2027 (US$ Mn)
Figure 22. North America SiC Fibers Market Breakdown by Country, 2018 and 2027(%)
Figure 23. US SiC Fibers Market Forecasts To 2027 (US$ Mn)
Figure 24. Canada SiC Fibers Market Revenue And Forecasts To 2027 (US$ MN)
The List of Companies - North America SiC Fibers Market
- American Elements
- COI Ceramics, Inc.
- General Electric Company
- Haydale Technologies Inc.
- Matech
- NGS Advanced Fibers Co., Ltd.
- Specialty Materials, Inc.
- Ube Industries, Ltd
- Ceramdis GmbH
- Nippon Carbon Co Ltd
- 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 North America 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.