The global SiC fibers market accounted for US$ 270.0 Mn in 2018 and is expected to grow at a CAGR of 22.2% during the forecast period 2019 – 2027, to account for US$ 3,571.1 Mn by 2027.
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The market for global SiC fiber is concentrated with some very well-established players. Some of the key players in the global SiC fiber market include The demand for alpha-SiC Fibers ceramic material is rising in comparison to βbeta-SiC fibers as they offer high tensile strength and durability, lightweight, higher thermal conductivity, better resistance to corrosion, and oxidation among others.
Silicon carbide fiber is popularly available in two forms: beta and alpha. The beta form of silicon carbide fiber was developed in 1990 and was made commercially available at high prices. However, they are increasingly replaced by the new alpha forms of SiC Fibers. They are known for their chemical, mechanical, and thermal properties along with attractive degradation-resistant and high-temperature reinforcing ceramic, which makes them an ideal material to be used in energy, transportation, aerospace, defense, industrial and nuclear applications. The demand for alpha-SiC fibers ceramic material is rising in comparison to βbeta-SiC fibers as they offer high tensile strength and durability, lightweight, higher thermal conductivity, better resistance to corrosion, and oxidation amongst others.
Under the form segment, the continuous fiber segment accounted for the largest share in the global SiC fiber market. The cold bars/wire rods are basically the hot bars/wire rods that are further processed. The SiC continuous fiber are materials that are industrially available with a wide range of applications in the aerospace, weaponry and nuclear environments. The SiC continuous fiber has high corrosion and heat resistance and possesses high strength. The continuous SiC fibers are developed as reinforcement of ceramic matrix composites for the high-temperature structural applications. The continuous SiC fibers contain fine filaments of ultra-fine ß-SiC crystals that are responsible for the strong particle bonding of the fiber. The continuous SiC fiber is widely used in the nuclear environment due to its chemical stability, high toughness, relatively low neutron absorption and mature fabrication technology.
Rising application of cost efficient alpha silicon carbide fiber is projected to escalate the SiC Fiber market at a CAGR of 22.2%
Market initiatives, new product development, investment and other strategies were adopted by the key players in the global SiC fibers market. Few of the recent developments in the global SiC fibers market are listed below:
2019: BJS Ceramics GmbH announces that it has been awarded with EU Funding for its “Silicon-Carbide-Fiber Pilot-Production in Europe” (SPE)-Project.
2018: Haydale Technologies announced an expansion to its portfolio of quality products. Haydale Technologies planned to offers Ultra High Purity Silicon Carbide Particulate in a range of sizes to meet the customer needs.
2017: BJS Ceramics GmbH started the construction of a ceramic fiber pilot plant in Bayreuth, Germany.
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