According to a market report by Lucintel, the future of the SiC fiber market looks promising with opportunities in the aerospace & defense, energy & power, and industrial industries. The SiC fiber market is expected to grow with a CAGR of 35% from 2019 to 2024. The major growth drivers for this market are capacity expansions due to rise in production of leap engines, increase in demand for fuel-efficient aircraft, and increased investments in manufacturing SiC fiber-based CMCs for land-based gas turbine engines.
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In this market, composites and non-composites are the major usage type of SiC fibers market. Composites are the largest usage type.
Within the SiC fiber market, aerospace & defense, energy & power, and industrial are the major end use industries. Aerospace and defense is the largest end use segment for SiC fibers.
Continuous and woven cloths are the major form type segments of the SiC fiber market.
North America will remain the largest market over the forecast period due to increasing use of SiC fibers in commercial and military aircraft engines.
UBE Industries, COI Ceramics, Specialty Materials, Matech, Haydale Technologies, Suzhou Saifei Group, BJS Ceramics, GE Aviation, and Toshiba are among the major manufacturers of SiC fibers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the SiC fiber market by form, usage, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "SiC Fiber Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the SiC fiber market by form, usage, end use industry, and region as follows:
By Form [$M shipment analysis for 2019 – 2024]:
By Usage [$M shipment analysis for 2019 – 2024]:
By End Use Industry [$M shipment analysis for 2019 – 2024]:
Energy and Power
Industrial
Aerospace and Defense
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
UK
Germany
Italy
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/global-sic-fiber-market.aspx or helpdesk@lucintel.com.
About Lucintel
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