SiC Fibers Market Worth 510.28 Million USD by 2021

PUNE, India, July 22, 2016 /PRNewswire/ —

The report “SiC Fibers Market by Type (ContiniousLong Fibers, ChoppedShort Fibers and Others) by Application (Aerospace, Power Generation, Nuclear Application and Others), by Region – Forecast to 2021”, published by MarketsandMarkets, The global market is projected to reach USD 510.28 Million by 2021, registering a CAGR of 2.91% from 2016 to 2021.

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Technological advancement in the aerospace, nuclear, and power generation industries is driving the global SiC fibers market.

Continuous SiC fibers has the major share in the SiC fibers market 

The continuous SiC fibers, also known as tow, are used as reinforcement materials for ceramic composites materials (CMC) and plastic composite materials (PMC). These fibers possess high strength, heat resistance, corrosion resistance, even in extreme conditions. Through composite reinforcement, SiC fibers provide improved performance opportunities to ceramic, plastic, and metal (CMC, PMC, and MMC) matrices.

Aerospace represent the bulk of demand for SiC fibers 

SiC- and silicon nitride-based ceramic and ceramic composites are promising materials for high-temperature applications in aerospace engines because of their properties such as high strength; excellent creep, oxidation, and corrosion resistance; and low density. SiC ceramics have excellent high-temperature oxidation and creep resistance up to 1,500°C. As a result, SiC fibers are becoming increasingly important in aerospace application.

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Asia-Pacific to register the highest CAGR during the forecast period 

Asia-Pacific is the fastest growing market for SiC fibers, followed by Europe and North America. China, the U.S., and Japan are the largest consumers of SiC fibers. Factors such as evolving environmental & regulatory scenario and pressure from flagship companies to improve environmental performance of their supply chain have led to increasing demand for SiC fibers in Asia-Pacific. In this region, Japan is the major producer and consumer of SiC fibers. Nippon Carbon Co. Ltd. and UBE Industries of Japan are the global leaders in the SiC Fibers Market. The Japanese government is also actively supporting R&D activities on SiC fibers.

Key players in the SiC fibers market 

The key players in the market include SGL Group- The Carbon Company (Germany), UBE Industries (Japan), NGS Advanced Fibers Co. Ltd. (Japan), COI Ceramics (U.S.), Specialty Materials (U.S.), Nippon Carbon Co. Ltd. (Japan), Saint-Gobain (France), Volzhsky Abrasive Works (Russia), and Washington Mills (U.S.)

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