According to a market report by Lucintel, the future of the SiC fiber market looks promising with opportunities in the aerospace & defense, energy & power, and industrial industries. The global SiC fiber market is expected to grow with a CAGR of 35% from 2019 to 2024. The major growth drivers for this market are capacity expansions due to rise in production of leap engines, increase in demand for fuel-efficient aircraft, and increased investments in manufacturing SiC fiber-based CMCs for land-based gas turbine engines.
In this market, composites and non-composites are the major usage type of SiC fibers market. Composites is the largest usage type.
Within the SiC fiber market, aerospace & defense, energy & power, and industrial are the major end use industries. Aerospace and defense is the largest end use segment for SiC fibers.
Continuous and woven cloth are the major form type segments of the global SiC fiber market.
North America will remain the largest market over the forecast period due to increasing use of SiC fibers in commercial and military aircraft engines.
UBE Industries, COI Ceramics, Specialty Materials, Matech, Haydale Technologies, Suzhou Saifei Group, BJS Ceramics, GE Aviation, and Toshiba are among the major manufacturers of SiC fibers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global SiC fiber market by form, usage, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Global SiC Fiber Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global SiC fiber market by form, usage, end use industry, and region as follows:
By Form [$M shipment analysis for 2019 – 2024]:
• Continuous
• Woven Cloth
By Usage [$M shipment analysis for 2019 – 2024]:
• Composite
• Non-Composites
By End Use Industry [$M shipment analysis for 2019 – 2024]:
• Energy and Power
• Industrial
• Aerospace and Defense
By Region [$M shipment analysis for 2013 – 2024]:
• North America
− US
− Canada
− Mexico
• Europe
− Germany
− Spain
− France
− United Kingdom
− Russia
• Asia Pacific
− China
− Japan
− India
− South Korea
− Thailand
• The Rest of the World
More than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global SiC fiber market by form (continuous and woven cloth), usage (composite and non-composites), end use industry (energy and power, industrial, and aerospace and defense), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the SiC fiber market?
Q.5 What are the business risks and threats to the SiC fiber market?
Q.6 What are emerging trends in the SiC fiber market and the reasons behind them?
Q.7 What are some changing demands of customers in the SiC fiber market?
Q.8 What are the new developments in the SiC fiber market? Which companies are leading these developments?
Q.9 Who are the major players in the SiC fiber market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this SiC fiber area, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in the SiC fiber market?