SiC Fibers Market Projected to Reach $1.26 Billion by 2025: A Growth Trajectory Fueled by Aerospace and R&D Investments
SiC fibers are advanced and high-performance fibers used as reinforcements for Ceramic Matrix Composites (CMCs), Polymer Matrix Composites (PMCs), and Metal Matrix Composites (MMCs). SiC fibers can be supplied in forms such as continuous, woven, and others that are used by the aerospace & defense, energy & power, industrial, and other sectors. The SiC fibers market is mainly driven by the aerospace & defense industry. These fibers are potential substitutes for nickel alloys in the hot section components of engines and nuclear reactors, as they weigh only one-third of the weight of nickel alloys and can survive at temperatures as high as 3,6320F without the need for cooling. Thus, their demand is increasing for lightweight and fuel-efficient aircraft and land-based gas turbine engines. The SiC fiber market size is estimated to reach USD 1,262 million by 2025, at a CAGR of 27.0% between 2020 and 2025.
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Companies operating in the SiC fibers market have strengthened their position by adopting expansions and new product/technology launches from 2013-2020. Ube Industries, Ltd.(Japan), NGS Advanced Fibers Co., Ltd. (Japan), GE Aviation (US), BJS Ceramics (Germany), Institute of Energy Science & Technology (Japan), Suzhou Saifei Group (China), Haydale Technologies (US), Matech (US), Specialty Materials, Inc. (US), NASA Glenn Research Center (US), Ningbo Zhongxing New Materials Co. Ltd. (China), and COI Ceramics, Inc. (US). GE Aviation (US) and BJS Ceramics (Germany) have begun pilot SiC fiber production in 2019.
NGS Advanced Fiber Co. Ltd. is currently the largest producer of SiC fibers in the world . The company is an affiliate of Nippon carbon that manages slaes, R&D, and manufacturing of SiC fibers. The company is a joint venture between Nippon (Japan), Safran (France), and GE Aviation (US). The company is focusing on using the latest technologies to expand its production capacity of high-performance Hi- NICALON and Hi- NICALON Type-S products. It aims to enhance its global-scale production of SiC fibers to meet the growing demand for SiC fibers.
Ube Industries is also one of the major players in the SiC fiber market. The company has well-developed R&D facilities and continues to heavily invest in developing inorganic materials. It has a well-established SiC fibers business in Japan and is expanding its production capacity to meet the demand from next-generation aircraft and nuclear reactors. The company is planning to expand its SiC fiber production by 2025 at its Yamaguchi plant. With this expansion, the company intends to enhance its annual production capacity to 200 tons, aiming to achieve sales of USD 43.2 million per year.
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North America leads in SiC fiber demand, driven by robust R&D activities. Significant interest from aircraft engine manufacturers and substantial investments, especially with GE Aviation’s initiation of SiC fiber production in 2019, are anticipated to propel the SiC fibers market in the region throughout the forecast period.
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