Silicon Carbide Fiber Market Size (2024 - 2029)

The silicon carbide fiber market is projected to experience significant growth, driven by rising demand from the aerospace and energy sectors. Despite the high costs associated with these fibers posing a challenge, the aerospace and defense segment is anticipated to lead the market due to their increasing use in advanced aircraft and defense systems. North America currently holds the largest market share, largely due to its substantial aerospace industry.

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Market Size of Silicon Carbide Fiber Industry

silicon carbide fiber market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 8.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

silicon carbide fiber market size

*Disclaimer: Major Players sorted in no particular order

Silicon Carbide Fiber Market Analysis

The market for silicon carbide fiber is expected to register a CAGR of over 8% during the forecast period. The major factors driving the growth of the market are rapidly increasing demand from the aerospace industry and growing demand from the energy and power sector. On the flip side, the high cost of silicon carbide fibers is hindering the growth of the market.

  • The aerospace and defense segment is expected to dominate the market over the forecast period, owing to the increasing applications of silicon carbide fibers in the manufacturing of advanced aircraft and defense mechanisms.
  • North America is currently estimated to own the largest share of the market studied on account of the humungous aerospace business in the region.

Silicon Carbide Fiber Industry Segmentation

The silicon carbide fiber market report includes:

Fiber Type
Continuous Fibers
Short Fibers
End-user Industry
Aerospace and Defense
Energy and Power
Industrial
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Silicon Carbide Fiber Market Size Summary

The silicon carbide fiber market is poised for significant growth, driven primarily by the burgeoning demand from the aerospace and energy sectors. The aerospace and defense segment is anticipated to lead the market, fueled by the increasing use of silicon carbide fibers in advanced aircraft and defense systems. These fibers offer superior properties such as enhanced strength, heat resistance, and corrosion resistance, making them preferable over traditional materials. This shift not only provides economic benefits by reducing weight and improving fuel efficiency but also aligns with environmental sustainability goals. Despite the high cost of silicon carbide fibers posing a challenge, the overall market trajectory remains positive, with North America holding a substantial share due to its robust aerospace industry.

North America's dominance in the silicon carbide fiber market is attributed to its significant aerospace manufacturing capabilities, particularly in the United States and Canada. The region's stronghold is reinforced by the high revenue generated from aerospace products and parts, with a considerable portion of the global aviation industry revenue originating from these countries. The market is characterized by a partial concentration, with key players such as UBE INDUSTRIES LTD, NGS Advanced Fibers Co. Ltd, Nippon Carbon Co. Ltd, Matech, and Haydale Graphene Industries PLC playing pivotal roles. As interest from various industries continues to rise, the market is expected to expand steadily over the forecast period.

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Silicon Carbide Fiber Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rapidly Increasing Demand from the Aerospace Industry

      2. 1.1.2 Growing Demand from the Energy and Power Sector

    2. 1.2 Restraints

      1. 1.2.1 High Cost of Silicon Carbide Fibers

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Fiber Type

      1. 2.1.1 Continuous Fibers

      2. 2.1.2 Short Fibers

    2. 2.2 End-user Industry

      1. 2.2.1 Aerospace and Defense

      2. 2.2.2 Energy and Power

      3. 2.2.3 Industrial

      4. 2.2.4 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Silicon Carbide Fiber Market Size FAQs

The Silicon Carbide Fiber Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)

UBE INDUSTRIES,LTD, NGS Advanced Fibers Co., Ltd., Nippon Carbon Co. Ltd., Matech and Haydale Graphene Industries plc are the major companies operating in the Silicon Carbide Fiber Market.

Silicon Carbide Fiber Market Report Snapshots

Silicon Carbide Fiber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)