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NEW YORK , Sept. 25, 2022 /PRNewswire/ -- The "Silicon Carbide Fiber Market by Application and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the silicon carbide fiber market between 2021 and 2026 is USD 775 million . The report considers various factors including the revenue generated by the vendors, retail sales of silicon carbide fiber, consumer base, adoption of the rate of silicon carbide fiber, the launch of new products, and other factors to estimate the size of the market. Download PDF Report Sample to understand the scope of our full report on the global silicon carbide fiber market.
The market is driven by the increase in the demand for silicon carbide fiber in the aerospace sector. Silicon carbide fibers exhibit various properties including high heat resistance, chemical stability, high modulus, lightweight, and durability, among others. This makes them ideal for use in a variety of aerospace applications. Some of the areas of applications include insulation for heat engines, nanotubes in turbines, ceramic matrix composites (CMCs), and substitutes for metallic alloys. In addition, the growing focus on reducing the overall weight of the aircraft has increased the demand for advanced and lightweight materials such as silicon carbide fiber in the aerospace industry. All these factors are driving the growth of the global silicon carbide fiber market.
In addition, the high demand for advanced materials will further drive the growth of the market. However, the high costs associated with silicon carbide fibers will challenge market growth.
The silicon carbide fiber market report is segmented by application (aerospace and defense, energy and power, industrial, and others) and geography (North America , Europe , APAC, the Middle East and Africa , and South America ).
The demand for silicon carbide fiber is high in aerospace and defense applications. The introduction of stringent aviation emission standards and constant focus on optimizing the overall weight of aircraft manufacturers is driving the growth of the segment.
North America will be the leading region with 36% of the market's growth during the forecast period. The regional market will be driven by high investments in the aerospace and defense sector.
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The global silicon carbide fiber market is fragmented. Large and established vendors in the market sell and distribute their products extensively to customers across the world, while most smaller vendors are concentrated in local and regional markets. Vendors are competing in terms of price, quality, brand identity, and distribution channels. Some vendors are engaged in adopting different organic and inorganic strategies to increase their presence in the global silicon carbide fiber market. Technavio identifies the following as the dominant players in the market.
Silicon Carbide Fiber Market Scope
Accelerate at a CAGR of 18.1%
North America, Europe, APAC, Middle East and Africa, and South America
US, Canada, China, UK, and Germany
Leading companies, competitive strategies, consumer engagement scope
American Elements, BJS Ceramics GmbH, BC Partners LLP, Calix Ceramic Solutions, Compagnie de Saint Gobain SA, Free Form Fibers LLC, General Electric Co., Insanco Inc., Matech, Nippon Carbon Co. Ltd., SGL Carbon SE, Stanford Advanced Materials, Suzhou Saifei Group Co. Ltd., TISICS Ltd., Triveni Interchem Pvt. Ltd., Ube Industries Ltd., Ultramet, and Haydale Graphene Industries plc
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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