According to a market report by Lucintel, the future of the global SiC fibers market looks promising with opportunities in the composites and non-composites markets. The global SiC fibers market is expected to reach an estimated $3.45 billion by 2030 from $0.7 billion in 2024,at a CAGR of 29.0% from 2024 to 2030. The major drivers for this market are increasing need for lightweight and durable materials in aerospace and automotive industries, advancements in production techniques, and increasing focus on energy-efficient solutions.
A more than 150-page report to understand trends, opportunity and forecast in SiC fibers market to 2030 by form (continuous, woven, and others), type (first, second, and third generation), usage (composites and non-composites), end use industry (aerospace & defense, energy & power, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the form category, continuous is expected to witness a higher growth over the forecast period due to high strength, heat resistance, and corrosion resistance even in extreme conditions.
Within the usage category, composites will remain a larger segment due to its usage in aircraft and land-based turbine engines and nuclear reactors.
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In terms of region, North America is expected to witness the highest growth over the forecast period.
Ube Industries, NGS Advanced Fiber, Suzhou Saifei, Haydale Technologies, Matech, Specialty Materials, COI Ceramics are the major suppliers in the SiC fibers market.
This unique 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 write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Lucintel
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