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Classified in: Covid-19 virus
Subject: MRR

Silicon Carbide Fiber Market to record USD 775 Mn incremental growth -- Driven by an increase in demand for silicon carbide fiber in the aerospace sector


NEW YORK, Sept. 25, 2022 /PRNewswire/ -- The "Silicon Carbide Fiber Market by Application and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the silicon carbide fiber market between 2021 and 2026 is USD 775 million. The report considers various factors including the revenue generated by the vendors, retail sales of silicon carbide fiber, consumer base, adoption of the rate of silicon carbide fiber, the launch of new products, and other factors to estimate the size of the market. Download PDF Report Sample to understand the scope of our full report on the global silicon carbide fiber market.

Key Market Dynamics:

The market is driven by the increase in the demand for silicon carbide fiber in the aerospace sector. Silicon carbide fibers exhibit various properties including high heat resistance, chemical stability, high modulus, lightweight, and durability, among others. This makes them ideal for use in a variety of aerospace applications. Some of the areas of applications include insulation for heat engines, nanotubes in turbines, ceramic matrix composites (CMCs), and substitutes for metallic alloys. In addition, the growing focus on reducing the overall weight of the aircraft has increased the demand for advanced and lightweight materials such as silicon carbide fiber in the aerospace industry. All these factors are driving the growth of the global silicon carbide fiber market.

In addition, the high demand for advanced materials will further drive the growth of the market. However, the high costs associated with silicon carbide fibers will challenge market growth.

The silicon carbide fiber market report is segmented by application (aerospace and defense, energy and power, industrial, and others) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). 

The demand for silicon carbide fiber is high in aerospace and defense applications. The introduction of stringent aviation emission standards and constant focus on optimizing the overall weight of aircraft manufacturers is driving the growth of the segment.

North America will be the leading region with 36% of the market's growth during the forecast period. The regional market will be driven by high investments in the aerospace and defense sector.

Identify potential segments and regions to invest in over the forecast period. Request Sample Report here

Vendor Landscape:

The global silicon carbide fiber market is fragmented. Large and established vendors in the market sell and distribute their products extensively to customers across the world, while most smaller vendors are concentrated in local and regional markets. Vendors are competing in terms of price, quality, brand identity, and distribution channels. Some vendors are engaged in adopting different organic and inorganic strategies to increase their presence in the global silicon carbide fiber market. Technavio identifies the following as the dominant players in the market.

Related Reports:

Silicon Carbide Fiber Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 18.1%

Market growth 2022-2026

USD 775 million

Market structure

Fragmented

YoY growth (%)

12.73

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 36%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

American Elements, BJS Ceramics GmbH, BC Partners LLP, Calix Ceramic Solutions, Compagnie de Saint Gobain SA, Free Form Fibers LLC, General Electric Co., Insanco Inc., Matech, Nippon Carbon Co. Ltd., SGL Carbon SE, Stanford Advanced Materials, Suzhou Saifei Group Co. Ltd., TISICS Ltd., Triveni Interchem Pvt. Ltd., Ube Industries Ltd., Ultramet, and Haydale Graphene Industries plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/

SOURCE Technavio


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News published on 25 september 2022 at 22:00 and distributed by: