Feb 21, 2020   SOURCE: BusinessWire

North America SiC Fibers Market Estimated to Grow with a CAGR of 20.1% Over the Forecast Period, 2019-2027 - ResearchAndMarkets.com

The "North America SiC Fibers Market to 2027 - Regional Analysis and Forecasts By Form; Usage; End-Use Industry" report has been added to ResearchAndMarkets.com's offering.

The North America SiC fibers market is accounted to US$ 112.5 Mn in 2018 and is expected to grow at a CAGR of 20.1% during the forecast period 2019 - 2027, to account to 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. Tough, lightweight silicon carbide (SiC) fibres are indispensable for manufacturing components such as aircraft engine parts which require high heat resistance. They are employed as light-weight materials in airplane construction and to improve the fuel efficiency of aircrafts. The SiC fiber manufacturers are increasingly investing in the production of low cost fibers to fulfil the rising demands of the end use industry. SiC fibers are used in reformers, nuclear reactors, heat exchangers, reusable rocket nozzles, turbine shrouds, furnace components, and gas turbines for jet engines, among others. The presence of several international aerospace corporations such as The Boeing Company, Lockheed Martin Corporation, and Northrop Grumman Corporation in North America have spurred the demand for SiC fibers. Capacity expansion owing to the rise in production of airplane engines, increase in demand for fuel-efficient aircraft, and increased investments in manufacturing SiC fiber-based CMCs (ceramic matrix composite) for land-based gas turbine engines are some factors that are likely to promote the growth of SiC fibers in North America during the forecast period.

SiC fibers are finding novel uses in the nuclear industry. Silicon carbide-based fibers are increasingly being used in various nuclear applications as they are resistant to nuclear radiations. Their ability to withstand high temperatures coupled with lightweight and high tensile strength, has made it an indispensable technical ceramic used in making nuclear reactors. Moreover, these fibers are known to offer resistance to corrosion and oxidation and hence are used in producing radiation blankets, and fuel claddings for the nuclear fission and fusion reactors in the nuclear industry. Its superior chemical properties and stability over very high temperature along with heat resistance and irradiation stability makes them perfect for use and has been considered as an attractive option for advanced nuclear energy systems. Companies are looking forward to new improvements such as reinforcing SiC fibers and its composites in the process called NITE (Nano-powder Infiltration and Transient Eutectoid (NITE)). Further, the growing use of the SiC fibers in nuclear power plants for producing channel boxes and fuel cladding is fuelling the growth of the SiC fibers market.

With the rise in industrialization and expansion of aerospace, power generation, industrial, and chemical industry across North America, the demand for silicon carbide fiber is increasing. Although, the growth of the silicon carbide fiber is largely affected by the high cost of raw material and technology challenges. To meet out the restraint of the market, manufacturers are looking forward to a better and improved form of silicon carbide fiber. Silicon carbide fiber is popularly available in two forms: beta and alpha. The beta form of silicon carbide fiber was developed in 1990 and was made commercially available at high prices. However, they are increasingly replaced by the new alpha forms of SiC fibers. They are known for their chemical, mechanical, and thermal properties along with attractive degradation-resistant and high-temperature reinforcing ceramic, which makes them an ideal material to be used in energy, transportation, aerospace, defense, industrial and nuclear applications. They are used in products such as armor, rockets, high-temperature semiconductors, abrasives, wear components, turbine engines plus metal and ceramic matrix composites. The demand for alpha-SiC fibers ceramic material is rising in comparison to beta-SiC fibers as they offer high tensile strength and durability, lightweight, higher thermal conductivity, better resistance to corrosion, and oxidation amongst others.

Reasons to Buy

  • 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.

Key Topics Covered:

1. Introduction

1.1 Scope of the Study

1.2 Research Report Guidance

1.3 Market Segmentation

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

5. SiC Fibers Market - Key Industry Dynamics

5.1 Market Drivers

5.2 Key Market Restraints

5.3 Key Market Opportunities

5.4 Future Trends

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

7.4 Woven Cloth

7.5 Others

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

8.4 Non-Composites

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

9.4 Energy and Power

9.5 Industrial

9.6 Others

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)

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

11. Industry Landscape

11.1 Overview

11.2 Market Initiatives

11.3 New Development

12. Company Profiles

12.1 American Elements

12.2 COI Ceramics, Inc.

12.3 General Electric Company

12.4 Haydale Technologies Inc.

12.5 NGS Advanced Fibers Co., Ltd.

12.6 Ube Industries, Ltd.

12.7 Ceramdis GmbH

12.8 Nippon Carbon Co Ltd

12.9 Matech

12.10 Specialty Materials, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/dv2d16