Rising Demand for SiC Fibers: Global Market Set to Reach US$ 1,710 Million by 2032, Driven by Aerospace, Automotive, and Power Generation Industries

SiC Fibres Market
SiC Fibres Market

Silicon carbide (SiC) fibers are advanced, ceramic-based materials known for exceptional strength, temperature resistance, and lightweight properties. These fibers, with high tensile strength, find applications in aerospace, automotive, and energy industries. Their outstanding thermal conductivity and chemical inertness make them ideal for harsh environments like high-temperature gas reactors and aerospace components. SiC fibers offer promising potential for enhancing structural materials in various high-performance applications.

As per the recent research conducted by a leading market insights provider FMI, the global SiC Fibres market size will expand at a healthy CAGR over the forecast period between 2022 and 2032. The aim of this study is to analyze key market dynamics affecting the sales of SiC Fibres and provide vital insights to business owners to get benefited from forthcoming opportunities.

The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.

Supercharge Your Knowledge: Dive into the Booming SiC Fibres Market with Our Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-2264

Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the SiC Fibres Market

Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.

Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the SiC Fibres market.

Key SiC Fibres Market Takeaways and Projections

  • The US will lead the North America SiC Fibres market, projecting the fastest growth in the region between forecast period
  • Germany will collectively hold the largest share in the Europe market over the assessment period.
  • India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
  • China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
  • In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.

Competitive Landscape Analysis

The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the SiC Fibres market. It also profiles a list of prominent companies including

  • SPECIALTY MATERIALS, INC.
  • UBE Industries Ltd
  • NGS Advanced Fibers Co., Ltd.
  • Saint-Gobain
  • COI Ceramics, Incorporated
  • Volzhsky Abrasive Works
  • SGL Group – The Carbon Company
  • Washington Mills

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Key Segments Profiled in the SiC Fibres Industry Survey

On the basis of fiber type:-

  • Continuous fiber
  • Whiskers

On the basis of commercial availability of product form:-

  • Tow form
  • Woven form

On the basis of matrix composite type:-

  • Polymer Matrix Composite (PMC)
  • Ceramic Matrix Composite (CMC)
  • Metal Matric Composite (MMC)

  On the basis of application:-

  • Power Generation
  • Nuclear
  • Aerospace
  • Defense
  • Others

Why Buy FMI’s Report?

  • Extensive analysis on high growth niche markets across major regions
  • Detailed assessment on key segments and sub-segments
  • Recent and upcoming strategies tracked of manufacturers for the SiC Fibres market
  • Reliable information on new product launches, technological advancements, and more
  • Valuable insights on the impact of regulatory framework on the global SiC Fibres market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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