Global Silicon Carbide Fiber Market was valued at USD 401.23 Million in 2017 and is expected to reach USD 6730.8 Million by 2026 at a CAGR of 42.26%.

Silicon carbide fiber and its composites are used in high-temperature structures like gas turbine engines. Application of Silicon carbide fibers is becoming popular owing to its low weight, high strength and ability to survive at land-based gas turbine engines along with an ability to withstand high temperature in aircrafts hence driving the market. Silicon carbide fibers further have wide applications in heat exchanges, reformers, reactors as well as filters in the chemical industry. Sic fiber market Silicon carbide fiber along with its composites being used with ceramic matrix has a significant demand from land-based gas turbine engine and aircraft manufacturers as both require fabrics to withstand high temperatures. Among different end-use industries, the aerospace & defense industry is expected to grow at the highest rate. Factors such as increased strength, low weight, and oxidation resistance have resulted in the application of silicon carbide fiber over metal alloys in aircraft engines. Silicon Carbide fiber is replacing metal alloys in shrouds, nozzles, combustion, and blades of aircraft engines thereby contributing to overall growth of silicon fiber market. North America is the largest consumer of silicon carbide fiber whereas it is the Asia Pacific region that will likely account for the fastest growth rate during the forecast period.

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Scope of the Report:

Silicon Fiber Market, By Form:
• Woven Cloth
• Continuous
• Others

Silicon Carbide Fiber Market, By Usage:
• Non-composites
• Composites

Silicon Carbide Fiber Market, By End-use Industry:
• Energy & Power
• Industrial
• Aerospace & Defense
• Others

Silicon Carbide Fiber Market, By Geography:
• North America
• Asia Pacific
• Europe
• Middle East & Africa
• Latin America

Key players operating in the Silicon Carbide Fiber Market:
• Ube Industries (Japan)
• NGS Advanced Fiber (Japan)
• Suzhou Saifei Group (China)
• Haydale Technologies (US)
• Matech (US)
• Specialty Materials (US)
• COI Ceramics (US)
• GE Aviation (US)
• BJS Ceramics (Germany)

This Report Is Submitted By @Maximize Market Research Company

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