[101 Pages Report] SiC Fibers Market size is projected to grow from USD 230.5 Million in 2016 to USD 1,113.3 Million by 2022, at a CAGR of 35.9% between 2017 and 2022. The use of SiC fibers is becoming crucial owing to the high strength, low weight, and ability to survive at high temperatures in aircraft and land based gas turbine engines.
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Manufacturers of SiC fibers are undertaking capacity expansions to cater to the increasing demand for SIC fibers from LEAP engines and secure their positions in the SiC fibers market.
Target Audience
- Manufacturers of SiC Fibers
- Raw Material Suppliers
- Distributors & Suppliers of SiC Fibers
- Industry Associations
- Investment Research Firms
The SiC fibers market has been segmented based on form, usage, end-use industry, and region.
Among forms, the continuous form of SiC fibers led the SiC fibers market in 2016, in terms of both, value as well as volume. The growth of this segment is attributed to its high performance properties and compatibility with all types of composites that include Polymer Matrix Composites (PMCs), Ceramic Matrix Composites (CMCs), and Metal Matrix Composites (MMCs).
SiC fibers are mostly used in composites, and the most commercially explored usage of SiC fibers till date is in Ceramic Matrix Composites (CMCs) which are used in the hot section components of aircraft engines. Manufactured SiC fibers are supplied either in the continuous or fabric form for composite fabrication. SiC fiber based CMCs have a significant demand from aircraft and land-based gas turbine engine manufacturers.
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