According to a report by Reports and Data, the global Silicon Carbide (Sic) Fibers Market size was USD 450 million in 2021, and it is expected to grow at a revenue CAGR of 18.6% during the forecast period. SiC fibers are increasingly being used in aerospace applications, such as turbine engines, power units, heat exchangers, thermal protection systems, exhaust nozzles, and combustor liners, to replace existing metals. SiC fibers possess properties like heat resistance, oxidation resistance, low electrical conductivity, and limited thermal expansion, which make them suitable for high-temperature aircraft engine components.
The demand for SiC fibers is growing rapidly, owing to the production of lighter and more fuel-efficient aircraft and the growth of the aerospace industry. The SiC reinforcement enhances the load-bearing capacity and restricts matrix deformation by restricting dislocation movement. SiC-reinforced magnesium alloys can be produced for aerospace, defense, and automotive applications.
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North America is expected to account for the largest revenue share of the global SiC fiber market during the forecast period, owing to the greater presence of major aircraft manufacturers in the region. The growing aerospace and defense sectors contribute to increasing demand for SiC fibers. The increase in RD projects to develop SiC fiber products is another key factor contributing to the revenue growth of the SiC fiber market.
LiqTech International Inc. received its first oil and gas order in the Middle East, valued at approximately $4 million in revenue, for its proprietary silicon carbide ceramic filtration technology to address local water resource shortages. Mersen is supplying silicon carbide optical instrument components for the Pléiades Neo satellite constellation project by Airbus Defense and Space.
Companies profiled in the market report include:
General Electric, NGS Advanced Fibers Co., Ltd., UBE Corporation, COIC, Haydale Graphene Industries plc, BJS Ceramics GmbH, Matech, Specialty Materials Inc., Nippon Carbon Co Ltd., and Suzhou Saifei Group Ltd.
The global SiC fibers market is segmented based on:
Form Outlook (Woven, Continuous, Others), Usage Outlook (Composites, Non-composites), Industry Vertical Outlook (Aerospace Defense, Industrial, Energy power, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East Africa).
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