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North America SiC Fibers Market to 2027 - Regional Analysis and Forecasts By Form; Usage; End-Use Industry

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  • 119 Pages
  • January 2020
  • Region: North America
  • The Insight Partners
  • ID: 4987746
UP TO OFF until Mar 31st 2024
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. 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. 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 ßbeta-SiC fibers as they offer high tensile strength and durability, lightweight, higher thermal conductivity, better resistance to corrosion, and oxidation amongst others.

North America SiC fibers market is segmented on the country as Canada and US. US holds a dominating share of the North America SiC fibers market. The large industrial and manufacturing base in US is anticipated to generate considerable demand for SiC fibers. Factors such as rapid industrialization, influx of immigrants, and the expansion of the aviation sector is expected to create significant demand for SiC fibers in the forecast period.

Some of the players present in North America SiC fibers market are American Elements, COI Ceramics, Inc., General Electric Company, Haydale Technologies Inc., Matech, NGS Advanced Fibers Co., Ltd., Specialty Materials, Inc., Ube Industries, Ltd, Ceramdis GmbH, and Nippon Carbon Co Ltd.

The overall North America SiC fibers market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North America SiC fibers market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America SiC fibers market.

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.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 North America SiC Fibers Market - By Form
1.3.2 North America SiC Fibers Market - By Usage
1.3.3 North America SiC Fibers Market - By End-Use Industry
1.3.4 North America SiC Fibers Market - By Country
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
4.2.1 PEST Analysis: North American SiC Fibers Market
5. SiC Fibers Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Demand from Various End-Use Industries
5.1.2 Higher Temperature Stability in Comparison to Substitutes
5.2 Key Market Restraints
5.2.1 High Cost Associated With SiC Fibers
5.3 Key Market Opportunities
5.3.1 Growing Demand of SiC Fibers from Nuclear Industry
5.4 Future Trends
5.4.1 Rising Application of Cost Efficient Alpha Silicon Carbide Fiber
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
7.3.1 Overview
7.3.2 North America Continuous SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
7.4 Woven Cloth
7.4.1 Overview
7.4.2 North America Woven Cloth SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 North America Others Market Revenue Forecasts To 2027 (US$ Mn)
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
8.3.1 Overview
8.3.2 North America Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
8.4 Non-Composites
8.4.1 Overview
8.4.2 North America Non-Composites SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn)
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
9.3.1 Overview
9.3.2 North America Aerospace and Defense Market Revenue Forecasts To 2027 (US$ Mn)
9.4 Energy and Power
9.4.1 Overview
9.4.2 North America Energy and Power Market Revenue Forecasts To 2027 (US$ Mn)
9.5 Industrial
9.5.1 Overview
9.5.2 North America Industrial Market Revenue Forecasts To 2027 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 North America Others Market Revenue Forecasts To 2027 (US$ Mn)
10. SiC Fibers Market - Country Analysis
10.1 Overview
10.1.1 North America SiC Fibers Market Breakdown, by Country US SiC Fibers Market Revenue Forecasts To 2027 (US$ Mn) US SiC Fibers Market Breakdown By Form US SiC Fibers Market Breakdown by Usage US SiC Fibers Market Breakdown By End-Use Industry Canada SiC Fibers Market Revenue and Forecasts to 2027 (US$ MN) Canada SiC Fibers Market Breakdown by Form Canada SiC Fibers Market Breakdown by Usage Canada SiC Fibers Market Breakdown by End Use Industry
11. Industry Landscape
11.1 Overview
11.2 Market Initiatives
11.3 New Development
12. Company Profiles
12.1 American Elements
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 COI Ceramics, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 General Electric Company
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Haydale Technologies Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 NGS Advanced Fibers Co., Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Ube Industries, Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 Ceramdis GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Nippon Carbon Co Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Matech
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.10 Specialty Materials, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
13. Appendix
13.1 About the Publisher
13.2 Glossary

Companies Mentioned

A selection of companies mentioned in this report includes:

  • American Elements
  • COI Ceramics, Inc.
  • General Electric Company
  • Haydale Technologies Inc.
  • Matech
  • NGS Advanced Fibers Co., Ltd.
  • Specialty Materials, Inc.
  • Ube Industries, Ltd
  • Ceramdis GmbH
  • Nippon Carbon Co Ltd