UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET FORECAST 2024-2032
SCOPE OF THE REPORT
United States Silicon Carbide (SIC) Fiber Market by Fiber Type (Continuous, Woven, Other Fiber Types) Market by Usage (Composite, Non-composite) Market by Application (Aerospace & Defense, Energy and Power, Industrial, Other Applications)
REPORTS » CHEMICALS AND MATERIALS » ADVANCED MATERIALS » UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET FORECAST 2024-2032
MARKET OVERVIEW
In terms of revenue, the United States silicon carbide (SiC) fiber market is approximated to grow with a CAGR of 24.88% over the forecast period of 2024-2032. Further, it is set to reach a revenue of $1996.28 million by 2032. Moreover, in terms of volume, the United States silicon carbide (SiC) fiber market is anticipated to reach 266.60 tons by 2032, growing at a CAGR of 22.41% during the forecast period.
The United States silicon carbide (SiC) fiber market is experiencing prominent trends and challenges. SiC fibers are making considerable inclusions in boosting efficiency across diverse industries, illustrating their impact on performance improvement. This adoption highlights the efficiency-driven properties of SiC fibers and their relevance in various industrial applications.
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Further, the market sees an increased utilization of silicon carbide fibers as reinforcement, focusing on their role in fortifying the structural integrity and durability of materials across different sectors. This expanded application prioritizes the versatility of SiC fibers and their pivotal contribution to the overall strength and reliability of various products.
Moreover, there is a noticeable increase in investments directed toward high-temperature engine manufacturing using silicon carbide fiber-based composites. This strategic focus elucidates the exceptional thermal stability and strength of SiC fibers, positioning them as vital components in the development of high-performance engine parts capable of withstanding elevated temperatures.
However, the market is hindered by key restraints such as the high cost associated with silicon carbide (SiC) fiber production. This sets a substantive challenge, especially in cost-sensitive industries. Manufacturers are actively engaged in ongoing research and development efforts to address this concern, striving to enhance the economic viability of SiC fibers.
Another critical restraint involves health and regulatory challenges in SiC fiber manufacturing. Overcoming these hurdles is essential to ensure safe and compliant production processes, addressing concerns related to health and regulatory standards. Achieving a balance between efficiency gains, cost-effectiveness, and regulatory compliance stands as a central focus for stakeholders in the United States silicon carbide (SiC) fiber market.
The United States silicon carbide (SiC) fiber market segmentation includes fiber type, usage, and application. The fiber type segment is further divided into continuous and woven. Continuous silicon carbide (SiC) fibers are characterized by their uninterrupted and unbroken structure, providing a seamless and uniform material. Continuous SiC fibers are known for their high tensile strength, durability, and resistance to extreme temperatures. They find applications in various industries where these properties are essential, contributing to the overall diversity of the SiC fiber market.
Simultaneously, the woven SiC fibers form another essential sub-segment within the market. Woven SiC fibers involve the intertwining or interlacing of individual fibers to create a woven structure. This weaving process enhances flexibility and imparts specific mechanical properties to the material. Woven SiC fibers are valued for their ability to provide a balance between strength and flexibility, making them suitable for applications that require a combination of these attributes.
In addition, this segmentation based on fiber type allows for a distinct understanding of the diverse characteristics and applications of SiC fibers within the United States market. The continuous and woven SiC fibers assist different industry needs, reflecting the diversity of SiC fibers and their adaptability to various manufacturing and technological requirements.
Some of the leading players in the United States silicon carbide (SiC) fiber market are American Elements, COI Ceramics Inc, Free Form Fibers, GE Aviation, etc.
American Elements is a global supplier of advanced materials for industries like energy, electronics, aerospace, automotive, and pharmaceuticals. With facilities in North America, South America, Europe, and Asia-Pacific, the company provides chemical products and offers customized solutions. Its network of production facilities serves major companies worldwide, including ExxonMobil, General Electric, Tesla, Apple, and Toyota. Specializing in materials for aviation, defense, and electronics, American Elements is headquartered in Los Angeles, CA, USA.
REPORT SYNOPSIS
REPORT SCOPE | DETAILS |
---|---|
Market Forecast Years | 2024-2032 |
Base Year | 2023 |
Market Historical Years | 2018-2022 |
Forecast Units | Revenue ($ Million) Volume (Tons) |
Segments Analyzed | Fiber Type, Usage, and Application |
Countries Analyzed | United States |
Companies Analyzed | GE Aviation, American Elements, COI Ceramics Inc, Free Form Fibers, MATECH GSM, Specialty Materials Inc |
TABLE OF CONTENTS
RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- SCOPE OF STUDY
- CRISIS SCENARIO ANALYSIS
- MAJOR MARKET FINDINGS
- CONTINUOUS SILICON CARBIDE (SIC) FIBERS ARE MAJORLY USED SIC FIBER TYPE
- COMPOSITE SILICON CARBIDE (SIC) USAGES ARE GAINING TRACTION
- SILICON CARBIDE (SIC) FIBERS ARE INCREASINGLY USED IN INDUSTRIAL APPLICATIONS
MARKET DYNAMICS
- KEY DRIVERS
- SILICON CARBIDE (SIC) FIBERS DRIVING EFFICIENCY ACROSS INDUSTRIES
- RISING DEMAND FOR SIC FIBERS IN THE ERA OF INDUSTRY 4.0
- INCREASING UTILIZATION OF SILICON CARBIDE FIBERS AS REINFORCEMENT
- GROWING INVESTMENTS IN HIGH-TEMPERATURE ENGINE MANUFACTURING USING SILICON CARBIDE FIBER-BASED COMPOSITES
- KEY RESTRAINTS
- HIGH COST OF SILICON CARBIDE (SIC) FIBER
- HEALTH AND REGULATORY CHALLENGES IN SIC FIBER MANUFACTURING
- KEY DRIVERS
KEY ANALYTICS
- KEY MARKET TRENDS
- INCORPORATING SILICON CARBIDE INTO ELECTRONICS
- UTILIZING SILICON CARBIDE FIBERS IN ENERGY AND RENEWABLE SECTORS
- ADOPTION OF TEMPERATURE RESISTANCE FIBERS
- PESTLE ANALYSIS
- POLITICAL
- ECONOMICAL
- SOCIAL
- TECHNOLOGICAL
- LEGAL
- ENVIRONMENTAL
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- MARKET CONCENTRATION ANALYSIS
- VALUE CHAIN ANALYSIS
- RAW MATERIAL SUPPLIERS
- SIC FIBER MANUFACTURERS
- DISTRIBUTORS AND WHOLESALERS
- END-USERS
- AFTERMARKET SERVICES
- RECYCLING
- KEY MARKET TRENDS
MARKET BY FIBER TYPE (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: TONS)
- CONTINUOUS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- WOVEN
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OTHER FIBER TYPES
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- CONTINUOUS
MARKET BY USAGE (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: TONS)
- COMPOSITE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- NON-COMPOSITE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- COMPOSITE
MARKET BY APPLICATION (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: TONS)
- AEROSPACE & DEFENSE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- ENERGY AND POWER
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- INDUSTRIAL
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OTHER APPLICATIONS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- AEROSPACE & DEFENSE
COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- AMERICAN ELEMENTS
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- COI CERAMICS INC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- FREE FORM FIBERS
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- GE AVIATION
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- MATECH GSM
- COMPANY OVERVIEW
- PRODUCT LIST
- SPECIALTY MATERIALS INC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- AMERICAN ELEMENTS
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – SILICON CARBIDE (SIC) FIBER
TABLE 2: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY FIBER TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY FIBER TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 4: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY FIBER TYPE, HISTORICAL YEARS, 2018-2022 (IN TONS)
TABLE 5: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY FIBER TYPE, FORECAST YEARS, 2024-2032 (IN TONS)
TABLE 6: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY USAGE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY USAGE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 8: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY USAGE, HISTORICAL YEARS, 2018-2022 (IN TONS)
TABLE 9: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY USAGE, FORECAST YEARS, 2024-2032 (IN TONS)
TABLE 10: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 11: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 12: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN TONS)
TABLE 13: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN TONS)
TABLE 14: LIST OF MERGERS & ACQUISITIONS
TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 17: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: MARKET CONCENTRATION ANALYSIS
FIGURE 4: SUPPLY CHAIN ANALYSIS
FIGURE 5: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, GROWTH POTENTIAL, BY FIBER TYPE, IN 2023
FIGURE 6: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY CONTINUOUS, 2024-2032 (IN $ MILLION)
FIGURE 7: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY WOVEN, 2024-2032 (IN $ MILLION)
FIGURE 8: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY OTHER FIBER TYPES, 2024-2032 (IN $ MILLION)
FIGURE 9: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, GROWTH POTENTIAL, BY USAGE, IN 2023
FIGURE 10: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY COMPOSITE, 2024-2032 (IN $ MILLION)
FIGURE 11: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY NON-COMPOSITE, 2024-2032 (IN $ MILLION)
FIGURE 12: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 13: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY AEROSPACE & DEFENSE, 2024-2032 (IN $ MILLION)
FIGURE 14: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY ENERGY AND POWER, 2024-2032 (IN $ MILLION)
FIGURE 15: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 16: UNITED STATES SILICON CARBIDE (SIC) FIBER MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
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