SiC Fibers Market by Type (First Generation, Second Generation, Third Generation), Form (Continuous, Woven), Phase (Amorphous, Crystalline), Usage (Composites, Non-Composites), End-use Industry and Region - Global Forecast to 2031
The SiC fibers market is estimated at USD 0.70 Billion in 2024 and is projected to reach USD 3.34 Billion by 2031, at a CAGR of 25.0% from 2024 to 2031. Third generation fiber's performance in ultra-high-temperature environments and their ability to withstand structural integrity over such long time intervals make them particularly useful for application in next-generation turbine engines including in LEAP engines and advanced power generation systems.
‘‘In terms of value, continuous form of SiC fibers accounted for the largest share of the overall SiC fibers market.’’
In 2023, continuous SiC fibers in SiC fibers market have the largest market share due to their ability to be easily integrated into advanced composite structures making them the choice for next-generation engine systems. For example, in LEAP engines, they play a very visible role. Continuous SiC fibers are becoming increasingly in demand as industries work towards getting closer and closer to lighter, stronger, and fuel-efficient materials. Thus, as the end-use industries seek advanced materials there is an expected increase in demand for continuous SiC fibers.
‘‘In terms of value, the crystalline SiC fibers are projected to be the fastest growing phase of SiC fibers .’’
Crystalline SiC fibers are projected to be the fastest-growing in phase segment in SiC fibers market, due to its advantages over other fibers. Oxide fibers, superalloys, and amorphous SiC fibers degrade very quickly at elevated temperatures. However, Sylramic SiC fibers which are a type of crystalline SiC fiber retain strength and stiffness to very high-temperature levels, above 1400°C (2252°F) due to the particular chemical composition, structure, and low oxygen content. It offers superior creep resistance along with thermal stability and is highly suitable for high-performance applications in aerospace, defense, and energy. Advances have been achieved in SiC fibers not only for breaking through functional barriers but also in response to increased demands for high-temperature-resistant materials in various sectors.
‘‘In terms of value, the usage of SiC fibers in composites is projected to be the fastest in the forecast period.’’
The fastest-growing usage of SiC fibers in composites is based on tremendous progress in material properties and the ability to withstand extreme conditions. NASA's research, especially at Glenn Research Center, has played an important role in propelling increased demand for SiC fibers in ceramic matrix composites for high-temperature structural applications beyond 2700°F. High-strength SiC fibers patented as 'Sylramic-iBN' and 'Super Sylramic-iBN' are specially processed to provide high mechanical and environmental properties. Protective boron-nitride coatings and advanced CVI techniques have transformed the CMCs made of SiC/SiC from NASA into products that are much more resistant and quite highly resistant to extreme heat and stress, but still allow for customization under specific design and performance requirements. Thus, these developments have been very much driving the adoption of SiC composites for high-performance industries.
“During the forecast period, the SiC fiber market in aerospace & defense is projected to be the fastest growing end-use industry.”
During the forecast period from 2024 to 2029, the aerospace & defense industry is expected to be the fastest-growing end-use industry in the SiC fibers market. The SiC fibers are unmatched in their performances in high temperature as well as high-stress applications, such as advanced aircraft and space vehicle engines. These fibers can resist up to 2,732°F and thus are well suited for use in next-generation aerospace engines, such as the GE9X installed in the Boeing 777X, or advanced military engines such as the GE3000 for the US Army's ITEP program. Although the market faces disruptions in terms of reductions in aircraft delivery and more issues on the supply chain, high-performance material demand within both the components of the engine and aerospace technology development is a factor pushing the growth of SiC fiber usage in the aerospace & defense sector at a very rapid pace.
“During the forecast period, the SiC fibers market in North America region is projected to be the largest region.”
North America is the largest market for SiC fibers because of its strong aerospace, defense, and energy sectors, which are a driver for the demand for high-performance materials such as SiC fibers. The region is dominated by large aerospace manufacturers, Boeing, Lockheed Martin, and General Electric, which have comprehensive use of SiC fibers in critical engine components in commercial and military applications. It also continues to invest in space exploration and defense projects led by the NASA and U.S. Department of Defense; this investment promotes increased demand for SiC-based CMCs in rockets, space vehicles, and advanced military engine components. Second, North America has a strong research infrastructure led by institutions and private companies that develop SiC fiber technology, which creates innovation and potentially expands its market shares.
This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:
Prominent companies NGS Advanced Fibers Co., Ltd. (Japan), UBE Corporation (Japan), COI Ceramics, Inc. (US), Specialty Materials, Inc. (US), MATECH (US), Suzhou Saifei Group Ltd. (China), Haydale Technologies Inc. (US), GE Aerospace (US), Ningbo Zhongxing New Materials Co., Ltd. (China), and BJS Ceramics (Germany).
Research Coverage
This research report categorizes the SiC Fibers market By Type (First Generation, Second Generation, Third Generation), By Form (Continuous, Woven, Others), By Phase (Amorphous, Crystalline), By Usage ( Composites, Non-composites), End-Use Industry (Aerospace & Defense, Energy & Power, Industrial, and Other End-Use Industries), Region (North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America). The scope of the report includes detailed information about the major factors influencing the growth of the SiC Fibers market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions, and services, key strategies, contracts, partnerships, and agreements. Product launches, mergers and acquisitions, and recent developments in the SiC Fibers market are all covered. This report includes a competitive analysis of upcoming startups in the SiC Fibers market ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall SiC Fibers market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
‘‘In terms of value, continuous form of SiC fibers accounted for the largest share of the overall SiC fibers market.’’
In 2023, continuous SiC fibers in SiC fibers market have the largest market share due to their ability to be easily integrated into advanced composite structures making them the choice for next-generation engine systems. For example, in LEAP engines, they play a very visible role. Continuous SiC fibers are becoming increasingly in demand as industries work towards getting closer and closer to lighter, stronger, and fuel-efficient materials. Thus, as the end-use industries seek advanced materials there is an expected increase in demand for continuous SiC fibers.
‘‘In terms of value, the crystalline SiC fibers are projected to be the fastest growing phase of SiC fibers .’’
Crystalline SiC fibers are projected to be the fastest-growing in phase segment in SiC fibers market, due to its advantages over other fibers. Oxide fibers, superalloys, and amorphous SiC fibers degrade very quickly at elevated temperatures. However, Sylramic SiC fibers which are a type of crystalline SiC fiber retain strength and stiffness to very high-temperature levels, above 1400°C (2252°F) due to the particular chemical composition, structure, and low oxygen content. It offers superior creep resistance along with thermal stability and is highly suitable for high-performance applications in aerospace, defense, and energy. Advances have been achieved in SiC fibers not only for breaking through functional barriers but also in response to increased demands for high-temperature-resistant materials in various sectors.
‘‘In terms of value, the usage of SiC fibers in composites is projected to be the fastest in the forecast period.’’
The fastest-growing usage of SiC fibers in composites is based on tremendous progress in material properties and the ability to withstand extreme conditions. NASA's research, especially at Glenn Research Center, has played an important role in propelling increased demand for SiC fibers in ceramic matrix composites for high-temperature structural applications beyond 2700°F. High-strength SiC fibers patented as 'Sylramic-iBN' and 'Super Sylramic-iBN' are specially processed to provide high mechanical and environmental properties. Protective boron-nitride coatings and advanced CVI techniques have transformed the CMCs made of SiC/SiC from NASA into products that are much more resistant and quite highly resistant to extreme heat and stress, but still allow for customization under specific design and performance requirements. Thus, these developments have been very much driving the adoption of SiC composites for high-performance industries.
“During the forecast period, the SiC fiber market in aerospace & defense is projected to be the fastest growing end-use industry.”
During the forecast period from 2024 to 2029, the aerospace & defense industry is expected to be the fastest-growing end-use industry in the SiC fibers market. The SiC fibers are unmatched in their performances in high temperature as well as high-stress applications, such as advanced aircraft and space vehicle engines. These fibers can resist up to 2,732°F and thus are well suited for use in next-generation aerospace engines, such as the GE9X installed in the Boeing 777X, or advanced military engines such as the GE3000 for the US Army's ITEP program. Although the market faces disruptions in terms of reductions in aircraft delivery and more issues on the supply chain, high-performance material demand within both the components of the engine and aerospace technology development is a factor pushing the growth of SiC fiber usage in the aerospace & defense sector at a very rapid pace.
“During the forecast period, the SiC fibers market in North America region is projected to be the largest region.”
North America is the largest market for SiC fibers because of its strong aerospace, defense, and energy sectors, which are a driver for the demand for high-performance materials such as SiC fibers. The region is dominated by large aerospace manufacturers, Boeing, Lockheed Martin, and General Electric, which have comprehensive use of SiC fibers in critical engine components in commercial and military applications. It also continues to invest in space exploration and defense projects led by the NASA and U.S. Department of Defense; this investment promotes increased demand for SiC-based CMCs in rockets, space vehicles, and advanced military engine components. Second, North America has a strong research infrastructure led by institutions and private companies that develop SiC fiber technology, which creates innovation and potentially expands its market shares.
This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:
- By Company Type- Tier 1- 55%, Tier 2- 25%, and Tier 3- 20%
- By Designation- C Level- 50%, Director Level- 30%, and Others- 20%
- By Region- North America- 15%, Europe- 15%, Asia Pacific- 65%, Middle East & Africa (MEA)-2%, Latin America- 3%.
Prominent companies NGS Advanced Fibers Co., Ltd. (Japan), UBE Corporation (Japan), COI Ceramics, Inc. (US), Specialty Materials, Inc. (US), MATECH (US), Suzhou Saifei Group Ltd. (China), Haydale Technologies Inc. (US), GE Aerospace (US), Ningbo Zhongxing New Materials Co., Ltd. (China), and BJS Ceramics (Germany).
Research Coverage
This research report categorizes the SiC Fibers market By Type (First Generation, Second Generation, Third Generation), By Form (Continuous, Woven, Others), By Phase (Amorphous, Crystalline), By Usage ( Composites, Non-composites), End-Use Industry (Aerospace & Defense, Energy & Power, Industrial, and Other End-Use Industries), Region (North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America). The scope of the report includes detailed information about the major factors influencing the growth of the SiC Fibers market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions, and services, key strategies, contracts, partnerships, and agreements. Product launches, mergers and acquisitions, and recent developments in the SiC Fibers market are all covered. This report includes a competitive analysis of upcoming startups in the SiC Fibers market ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall SiC Fibers market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Rising demand from LEAP engines), restraints (High cost of SiC fibers, availability of substitutes), opportunities (Reduction in SiC fibers cost, Emergence of Chinese players), and challenges (Liquidity crunch, technological challenges in manufacturing of low-cost SiC fibers) influencing the growth of the SiC Fibers market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and service launches in the SiC Fibers market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the SiC Fibers market across varied regions.
- Market Diversification: Exhaustive information about services, untapped geographies, recent developments, and investments in the SiC Fibers market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like NGS Advanced Fibers Co., Ltd. (Japan), UBE Corporation (Japan), COI Ceramics, Inc. (US), Specialty Materials, Inc. (US), MATECH (US), Suzhou Saifei Group Ltd. (China), Haydale Technologies Inc. (US), GE Aerospace (US), Ningbo Zhongxing New Materials Co., Ltd. (China), BJS Ceramics (Germany), Nanoshel LLC (US), Skyspring Nanomaterials, Inc. (US), TISICS LTD. (UK), National Aeronautics and Space Administration (US), the Institute of Energy Science & Technology (Japan), National University of Defense Technology (China), Free Form Fibers (US), among others in the SiC Fibers market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 INCLUSIONS & EXCLUSIONS OF STUDY
1.3.2 YEARS CONSIDERED
1.3.3 CURRENCY
1.3.4 UNIT CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key primary participants
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 BASE NUMBER CALCULATION
2.3.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
2.3.2 APPROACH 2: DEMAND-SIDE ANALYSIS
2.4 MARKET FORECAST APPROACH
2.4.1 SUPPLY SIDE
2.4.2 DEMAND SIDE
2.5 DATA TRIANGULATION
2.6 FACTOR ANALYSIS
2.7 ASSUMPTIONS
2.8 LIMITATIONS & RISKS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SIC FIBERS MARKET
4.2 SIC FIBERS MARKET, BY END-USE INDUSTRY AND REGION, 2023
4.3 SIC FIBERS MARKET SHARE, BY TYPE, 2023
4.4 SIC FIBERS MARKET SHARE, BY FORM, 2023
4.5 SIC FIBERS MARKET SHARE, BY PHASE, 2023
4.6 SIC FIBERS MARKET SHARE, BY USAGE, 2023
4.7 SIC FIBERS MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Technological advancements
5.2.1.2 Capacity expansion due to rising production of LEAP engines
5.2.1.3 Increasing demand for fuel-efficient aircraft
5.2.1.4 Increased investments in manufacturing SiC fiber-based CMCs for land-based gas turbine engines
5.2.2 RESTRAINTS
5.2.2.1 High cost of SiC fibers
5.2.2.2 Availability of substitutes
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing R&D for manufacturing accident-tolerant and lightweight nuclear reactors
5.2.3.2 Reduction in SiC fiber costs
5.2.3.3 Emergence of Chinese players
5.2.4 CHALLENGES
5.2.4.1 Technological challenges in manufacturing low-cost SiC fibers
5.2.4.2 Liquidity crunch
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 MACROECONOMIC OUTLOOK
5.5.1 INTRODUCTION
5.5.2 GDP TRENDS AND FORECAST
5.5.3 TRENDS IN GLOBAL AEROSPACE & DEFENSE INDUSTRY
5.5.4 TRENDS IN ENERGY & POWER INDUSTRY
5.5.5 TRENDS IN GLOBAL INDUSTRIAL INDUSTRY
5.6 SUPPLY CHAIN ANALYSIS
5.6.1 RAW MATERIAL ANALYSIS
5.6.1.1 Polycarbosilane
5.6.1.2 Polytitaniumcarbosilane
5.6.2 TYPE ANALYSIS
5.6.2.1 First-generation SiC fibers
5.6.2.2 Second-generation SiC fibers
5.6.2.3 Third-generation SiC fibers
5.6.3 PHASE ANALYSIS
5.6.4 FINAL PRODUCT ANALYSIS
5.7 VALUE CHAIN ANALYSIS
5.8 TRADE ANALYSIS
5.8.1 IMPORT SCENARIO FOR HS CODE 880330
5.8.2 EXPORT SCENARIO FOR HS CODE 880330
5.9 ECOSYSTEM
5.10 PRICING ANALYSIS
5.10.1 AVERAGE SELLING PRICE TREND OF SIC MATERIALS, BY KEY PLAYER
5.10.2 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY TYPE
5.10.3 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY PHASE
5.10.4 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY FORM
5.10.5 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY USAGE
5.10.6 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY END-USE INDUSTRY
5.10.7 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY REGION
5.11 AVERAGE SELLING PRICE OF SIC FIBERS, BY REGION
5.12 TECHNOLOGY ANALYSIS
5.12.1 KEY TECHNOLOGIES
5.12.1.1 Chemical Vapor Deposition (CVD)
5.12.1.2 Laser-driven CVD (LCVD)
5.12.2 COMPLEMENTARY TECHNOLOGIES
5.12.2.1 Continuous In-line Processing
5.13 PATENT ANALYSIS
5.13.1 INTRODUCTION
5.13.2 METHODOLOGY
5.13.3 DOCUMENT TYPES
5.13.4 INSIGHTS
5.13.5 LEGAL STATUS
5.13.6 JURISDICTION ANALYSIS
5.13.7 TOP APPLICANTS
5.13.8 TOP 10 PATENT OWNERS (US) IN LAST 5 YEARS
5.14 REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15 KEY CONFERENCES & EVENTS
5.16 CASE STUDY ANALYSIS
5.16.1 CASE STUDY 1: INTRODUCTION OF SECOND-GENERATION SIC FIBER
BY NINGBO ZHONGXING NEW MATERIALS CO., LTD.
5.16.2 CASE STUDY 2: DEVELOPMENT OF SILICON CARBIDE FIBER TOWS BY NASA’S GLENN RESEARCH CENTER
5.16.3 CASE STUDY 3: CONTINUOUS SCALABLE PROCESS FOR DOMESTIC PRODUCTION OF SILICON CARBIDE FIBERS
5.17 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.18 INVESTMENT AND FUNDING SCENARIO
5.19 IMPACT OF AI ON SIC FIBERS MARKET
5.19.1 TOP USE CASES AND MARKET POTENTIAL
5.19.2 CASE STUDIES OF AI IMPLEMENTATION IN SIC FIBERS MARKET
5.19.3 CLIENTS' READINESS TO ADOPT AI IN SIC FIBERS MARKET
6 SIC FIBERS MARKET, BY TYPE
6.1 INTRODUCTION
6.2 FIRST-GENERATION SIC FIBERS
6.2.1 LOW COST TO DRIVE ADOPTION
6.3 SECOND-GENERATION SIC FIBERS
6.3.1 GROWING DEMAND FROM AEROSPACE INDUSTRY TO DRIVE MARKET
6.4 THIRD-GENERATION SIC FIBERS
6.4.1 GROWING PRODUCTION OF THIRD-GENERATION SIC FIBERS TO DRIVE MARKET
7 SIC FIBERS MARKET, BY PHASE
7.1 INTRODUCTION
7.2 AMORPHOUS
7.2.1 USE IN HIGH-TEMPERATURE APPLICATIONS TO DRIVE MARKET
7.3 CRYSTALLINE
7.3.1 SUPERIOR PERFORMANCE OVER OTHER FIBERS TO DRIVE MARKET
8 SIC FIBERS MARKET, BY FORM
8.1 INTRODUCTION
8.2 CONTINUOUS
8.2.1 INCREASED APPLICATION OF SIC FIBERS IN AEROSPACE & DEFENSE INDUSTRY TO DRIVE MARKET
8.3 WOVEN
8.3.1 IN-HOUSE WOVEN FIBER PROCESSING BY MAJOR MANUFACTURERS TO DRIVE MARKET
8.4 OTHER FORMS
9 SIC FIBERS MARKET, BY USAGE
9.1 INTRODUCTION
9.2 COMPOSITE
9.2.1 INCREASED R&D ACTIVITIES TO PROPEL MARKET
9.3 NON-COMPOSITE
9.3.1 INCREASED USE IN NON-COMPOSITE APPLICATIONS TO DRIVE MARKET
10 SIC FIBERS MARKET, BY END-USE INDUSTRY
10.1 INTRODUCTION
10.2 AEROSPACE & DEFENSE
10.2.1 HIGH DEMAND FROM AIRCRAFT ENGINE MANUFACTURERS TO DRIVE MARKET
10.3 ENERGY & POWER
10.3.1 GROWING INVESTMENTS IN R&D TO SUPPORT MARKET GROWTH
10.4 INDUSTRIAL
10.4.1 WIDE INDUSTRIAL APPLICATION OF SIC FIBERS TO DRIVE MARKET
10.5 OTHER END-USE INDUSTRIES
11 SIC FIBERS MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 US
11.2.1.1 Presence of key manufacturers to drive market
11.2.2 CANADA
11.2.2.1 Growing investments in aerospace & defense industry to propel market
11.3 EUROPE
11.3.1 FRANCE
11.3.1.1 Presence of key aircraft manufacturers to boost market
11.3.2 GERMANY
11.3.2.1 Strategic partnerships between players in SiC fiber ecosystem to propel market
11.3.3 UK
11.3.3.1 Increased investments in R&D of aerospace & defense industry to drive market
11.3.4 ITALY
11.3.4.1 Growing demand from aircraft manufacturers to drive market
11.3.5 SPAIN
11.3.5.1 Rapidly expanding aerospace & defense industries to drive market
11.3.6 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 JAPAN
11.4.1.1 Growing partnerships among key players to drive market
11.4.2 CHINA
11.4.2.1 Growing footprint of COMAC to drive market
11.4.3 SOUTH KOREA
11.4.3.1 Growing defense budget to create opportunities for SiC fibers
11.4.4 REST OF ASIA PACIFIC
11.5 LATIN AMERICA
11.5.1 BRAZIL
11.5.1.1 High demand for SiC fibers for LEAP engines to drive market
11.5.2 MEXICO
11.5.2.1 Growing aerospace & defense industry to drive market
11.5.3 REST OF LATIN AMERICA
11.6 MIDDLE EAST & AFRICA
11.6.1 ISRAEL
11.6.1.1 Growing defense budget to drive market
11.6.2 GCC COUNTRIES
11.6.2.1 UAE
11.6.2.1.1 Supply of advanced composites to Boeing to drive market
11.6.2.2 Saudi Arabia
11.6.2.2.1 Growing focus on manufacturing aerospace composites to drive market
11.6.2.3 Rest of GCC Countries
11.6.3 REST OF MIDDLE EAST & AFRICA
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
12.3 REVENUE ANALYSIS
12.4 MARKET SHARE ANALYSIS
12.5 BRAND/PRODUCT COMPARISON
12.5.1 BRAND/PRODUCT COMPARISON, BY SIC FIBER PRODUCT
12.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.6.1 STARS
12.6.2 EMERGING LEADERS
12.6.3 PERVASIVE PLAYERS
12.6.4 PARTICIPANTS
12.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.6.5.1 Company footprint
12.6.5.2 Type footprint
12.6.5.3 Phase footprint
12.6.5.4 Form footprint
12.6.5.5 Usage footprint
12.6.5.6 End-use industry footprint
12.6.5.7 Region footprint
12.7 COMPANY VALUATION AND FINANCIAL METRICS
12.7.1 COMPANY VALUATION
12.7.2 FINANCIAL METRICS
12.8 COMPETITIVE SCENARIO
12.8.1 DEALS
12.8.2 EXPANSIONS
13 COMPANY PROFILES
13.1 KEY PLAYERS
13.1.1 NGS ADVANCED FIBERS CO., LTD.
13.1.1.1 Business overview
13.1.1.2 Products offered
13.1.1.3 MnM view
13.1.1.3.1 Key strengths
13.1.1.3.2 Strategic choices
13.1.1.3.3 Weaknesses and competitive threats
13.1.2 UBE CORPORATION
13.1.2.1 Business overview
13.1.2.2 Products offered
13.1.2.3 MnM view
13.1.2.3.1 Key strengths
13.1.2.3.2 Strategic choices
13.1.2.3.3 Weaknesses and competitive threats
13.1.3 COI CERAMICS, INC.
13.1.3.1 Business overview
13.1.3.2 Products offered
13.1.3.3 Recent developments
13.1.3.3.1 Deals
13.1.3.4 MnM view
13.1.3.4.1 Key strengths
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses and competitive threats
13.1.4 GE AEROSPACE
13.1.4.1 Business overview
13.1.4.2 Products offered
13.1.4.3 Recent developments
13.1.4.3.1 Deals
13.1.4.4 MnM view
13.1.4.4.1 Key strengths
13.1.4.4.2 Strategic choices
13.1.4.4.3 Weaknesses and competitive threats
13.1.5 SPECIALTY MATERIALS, INC.
13.1.5.1 Business overview
13.1.5.2 Products offered
13.1.5.3 Recent developments
13.1.5.3.1 Deals
13.1.5.4 MnM view
13.1.5.4.1 Key strengths
13.1.5.4.2 Strategic choices
13.1.5.4.3 Weaknesses and competitive threats
13.1.6 HAYDALE GRAPHENE INDUSTRIES PLC
13.1.6.1 Business overview
13.1.6.2 Products offered
13.1.6.3 MnM view
13.1.6.3.1 Key strengths
13.1.6.3.2 Strategic choices
13.1.6.3.3 Weaknesses and competitive threats
13.1.7 MATECH
13.1.7.1 Business overview
13.1.7.2 Products offered
13.1.7.3 MnM view
13.1.7.3.1 Key strengths
13.1.7.3.2 Strategic choices
13.1.7.3.3 Weaknesses and competitive threats
13.1.8 SUZHOU SAIFEI GROUP LTD.
13.1.8.1 Business overview
13.1.8.2 Products offered
13.1.8.3 MnM view
13.1.8.3.1 Key strengths
13.1.8.3.2 Strategic choices
13.1.8.3.3 Weaknesses and competitive threats
13.1.9 BJS CERAMICS
13.1.9.1 Business overview
13.1.9.2 Products offered
13.1.9.3 Recent developments
13.1.9.3.1 Expansions
13.1.9.4 MnM view
13.1.9.4.1 Key strengths
13.1.9.4.2 Strategic choices
13.1.9.4.3 Weaknesses and competitive threats
13.1.10 NINGBO ZHONGXING NEW MATERIALS CO., LTD.
13.1.10.1 Business overview
13.1.10.2 Products offered
13.1.10.3 MnM view
13.1.10.3.1 Key strengths
13.1.10.3.2 Strategic choices
13.1.10.3.3 Weaknesses and competitive threats
13.1.11 NANOSHEL LLC
13.1.11.1 Business overview
13.1.11.2 Products offered
13.1.11.3 MnM view
13.1.11.3.1 Key strengths
13.1.11.3.2 Strategic choices
13.1.11.3.3 Weaknesses and competitive threats
13.1.12 SKYSPRING NANOMATERIALS, INC.
13.1.12.1 Business overview
13.1.12.2 Products offered
13.1.12.3 MnM view
13.1.12.3.1 Key strengths
13.1.12.3.2 Strategic choices
13.1.12.3.3 Weaknesses and competitive threats
13.2 OTHER PLAYERS
13.2.1 NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
13.2.2 TISICS LTD.
13.2.3 INSTITUTE OF ENERGY SCIENCE AND TECHNOLOGY
13.2.4 NATIONAL UNIVERSITY OF DEFENSE TECHNOLOGY
13.2.5 FREE FORM FIBERS
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 INCLUSIONS & EXCLUSIONS OF STUDY
1.3.2 YEARS CONSIDERED
1.3.3 CURRENCY
1.3.4 UNIT CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key primary participants
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 BASE NUMBER CALCULATION
2.3.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
2.3.2 APPROACH 2: DEMAND-SIDE ANALYSIS
2.4 MARKET FORECAST APPROACH
2.4.1 SUPPLY SIDE
2.4.2 DEMAND SIDE
2.5 DATA TRIANGULATION
2.6 FACTOR ANALYSIS
2.7 ASSUMPTIONS
2.8 LIMITATIONS & RISKS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SIC FIBERS MARKET
4.2 SIC FIBERS MARKET, BY END-USE INDUSTRY AND REGION, 2023
4.3 SIC FIBERS MARKET SHARE, BY TYPE, 2023
4.4 SIC FIBERS MARKET SHARE, BY FORM, 2023
4.5 SIC FIBERS MARKET SHARE, BY PHASE, 2023
4.6 SIC FIBERS MARKET SHARE, BY USAGE, 2023
4.7 SIC FIBERS MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Technological advancements
5.2.1.2 Capacity expansion due to rising production of LEAP engines
5.2.1.3 Increasing demand for fuel-efficient aircraft
5.2.1.4 Increased investments in manufacturing SiC fiber-based CMCs for land-based gas turbine engines
5.2.2 RESTRAINTS
5.2.2.1 High cost of SiC fibers
5.2.2.2 Availability of substitutes
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing R&D for manufacturing accident-tolerant and lightweight nuclear reactors
5.2.3.2 Reduction in SiC fiber costs
5.2.3.3 Emergence of Chinese players
5.2.4 CHALLENGES
5.2.4.1 Technological challenges in manufacturing low-cost SiC fibers
5.2.4.2 Liquidity crunch
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 MACROECONOMIC OUTLOOK
5.5.1 INTRODUCTION
5.5.2 GDP TRENDS AND FORECAST
5.5.3 TRENDS IN GLOBAL AEROSPACE & DEFENSE INDUSTRY
5.5.4 TRENDS IN ENERGY & POWER INDUSTRY
5.5.5 TRENDS IN GLOBAL INDUSTRIAL INDUSTRY
5.6 SUPPLY CHAIN ANALYSIS
5.6.1 RAW MATERIAL ANALYSIS
5.6.1.1 Polycarbosilane
5.6.1.2 Polytitaniumcarbosilane
5.6.2 TYPE ANALYSIS
5.6.2.1 First-generation SiC fibers
5.6.2.2 Second-generation SiC fibers
5.6.2.3 Third-generation SiC fibers
5.6.3 PHASE ANALYSIS
5.6.4 FINAL PRODUCT ANALYSIS
5.7 VALUE CHAIN ANALYSIS
5.8 TRADE ANALYSIS
5.8.1 IMPORT SCENARIO FOR HS CODE 880330
5.8.2 EXPORT SCENARIO FOR HS CODE 880330
5.9 ECOSYSTEM
5.10 PRICING ANALYSIS
5.10.1 AVERAGE SELLING PRICE TREND OF SIC MATERIALS, BY KEY PLAYER
5.10.2 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY TYPE
5.10.3 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY PHASE
5.10.4 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY FORM
5.10.5 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY USAGE
5.10.6 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY END-USE INDUSTRY
5.10.7 AVERAGE SELLING PRICE TREND OF SIC FIBERS, BY REGION
5.11 AVERAGE SELLING PRICE OF SIC FIBERS, BY REGION
5.12 TECHNOLOGY ANALYSIS
5.12.1 KEY TECHNOLOGIES
5.12.1.1 Chemical Vapor Deposition (CVD)
5.12.1.2 Laser-driven CVD (LCVD)
5.12.2 COMPLEMENTARY TECHNOLOGIES
5.12.2.1 Continuous In-line Processing
5.13 PATENT ANALYSIS
5.13.1 INTRODUCTION
5.13.2 METHODOLOGY
5.13.3 DOCUMENT TYPES
5.13.4 INSIGHTS
5.13.5 LEGAL STATUS
5.13.6 JURISDICTION ANALYSIS
5.13.7 TOP APPLICANTS
5.13.8 TOP 10 PATENT OWNERS (US) IN LAST 5 YEARS
5.14 REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15 KEY CONFERENCES & EVENTS
5.16 CASE STUDY ANALYSIS
5.16.1 CASE STUDY 1: INTRODUCTION OF SECOND-GENERATION SIC FIBER
BY NINGBO ZHONGXING NEW MATERIALS CO., LTD.
5.16.2 CASE STUDY 2: DEVELOPMENT OF SILICON CARBIDE FIBER TOWS BY NASA’S GLENN RESEARCH CENTER
5.16.3 CASE STUDY 3: CONTINUOUS SCALABLE PROCESS FOR DOMESTIC PRODUCTION OF SILICON CARBIDE FIBERS
5.17 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.18 INVESTMENT AND FUNDING SCENARIO
5.19 IMPACT OF AI ON SIC FIBERS MARKET
5.19.1 TOP USE CASES AND MARKET POTENTIAL
5.19.2 CASE STUDIES OF AI IMPLEMENTATION IN SIC FIBERS MARKET
5.19.3 CLIENTS' READINESS TO ADOPT AI IN SIC FIBERS MARKET
6 SIC FIBERS MARKET, BY TYPE
6.1 INTRODUCTION
6.2 FIRST-GENERATION SIC FIBERS
6.2.1 LOW COST TO DRIVE ADOPTION
6.3 SECOND-GENERATION SIC FIBERS
6.3.1 GROWING DEMAND FROM AEROSPACE INDUSTRY TO DRIVE MARKET
6.4 THIRD-GENERATION SIC FIBERS
6.4.1 GROWING PRODUCTION OF THIRD-GENERATION SIC FIBERS TO DRIVE MARKET
7 SIC FIBERS MARKET, BY PHASE
7.1 INTRODUCTION
7.2 AMORPHOUS
7.2.1 USE IN HIGH-TEMPERATURE APPLICATIONS TO DRIVE MARKET
7.3 CRYSTALLINE
7.3.1 SUPERIOR PERFORMANCE OVER OTHER FIBERS TO DRIVE MARKET
8 SIC FIBERS MARKET, BY FORM
8.1 INTRODUCTION
8.2 CONTINUOUS
8.2.1 INCREASED APPLICATION OF SIC FIBERS IN AEROSPACE & DEFENSE INDUSTRY TO DRIVE MARKET
8.3 WOVEN
8.3.1 IN-HOUSE WOVEN FIBER PROCESSING BY MAJOR MANUFACTURERS TO DRIVE MARKET
8.4 OTHER FORMS
9 SIC FIBERS MARKET, BY USAGE
9.1 INTRODUCTION
9.2 COMPOSITE
9.2.1 INCREASED R&D ACTIVITIES TO PROPEL MARKET
9.3 NON-COMPOSITE
9.3.1 INCREASED USE IN NON-COMPOSITE APPLICATIONS TO DRIVE MARKET
10 SIC FIBERS MARKET, BY END-USE INDUSTRY
10.1 INTRODUCTION
10.2 AEROSPACE & DEFENSE
10.2.1 HIGH DEMAND FROM AIRCRAFT ENGINE MANUFACTURERS TO DRIVE MARKET
10.3 ENERGY & POWER
10.3.1 GROWING INVESTMENTS IN R&D TO SUPPORT MARKET GROWTH
10.4 INDUSTRIAL
10.4.1 WIDE INDUSTRIAL APPLICATION OF SIC FIBERS TO DRIVE MARKET
10.5 OTHER END-USE INDUSTRIES
11 SIC FIBERS MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 US
11.2.1.1 Presence of key manufacturers to drive market
11.2.2 CANADA
11.2.2.1 Growing investments in aerospace & defense industry to propel market
11.3 EUROPE
11.3.1 FRANCE
11.3.1.1 Presence of key aircraft manufacturers to boost market
11.3.2 GERMANY
11.3.2.1 Strategic partnerships between players in SiC fiber ecosystem to propel market
11.3.3 UK
11.3.3.1 Increased investments in R&D of aerospace & defense industry to drive market
11.3.4 ITALY
11.3.4.1 Growing demand from aircraft manufacturers to drive market
11.3.5 SPAIN
11.3.5.1 Rapidly expanding aerospace & defense industries to drive market
11.3.6 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 JAPAN
11.4.1.1 Growing partnerships among key players to drive market
11.4.2 CHINA
11.4.2.1 Growing footprint of COMAC to drive market
11.4.3 SOUTH KOREA
11.4.3.1 Growing defense budget to create opportunities for SiC fibers
11.4.4 REST OF ASIA PACIFIC
11.5 LATIN AMERICA
11.5.1 BRAZIL
11.5.1.1 High demand for SiC fibers for LEAP engines to drive market
11.5.2 MEXICO
11.5.2.1 Growing aerospace & defense industry to drive market
11.5.3 REST OF LATIN AMERICA
11.6 MIDDLE EAST & AFRICA
11.6.1 ISRAEL
11.6.1.1 Growing defense budget to drive market
11.6.2 GCC COUNTRIES
11.6.2.1 UAE
11.6.2.1.1 Supply of advanced composites to Boeing to drive market
11.6.2.2 Saudi Arabia
11.6.2.2.1 Growing focus on manufacturing aerospace composites to drive market
11.6.2.3 Rest of GCC Countries
11.6.3 REST OF MIDDLE EAST & AFRICA
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
12.3 REVENUE ANALYSIS
12.4 MARKET SHARE ANALYSIS
12.5 BRAND/PRODUCT COMPARISON
12.5.1 BRAND/PRODUCT COMPARISON, BY SIC FIBER PRODUCT
12.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.6.1 STARS
12.6.2 EMERGING LEADERS
12.6.3 PERVASIVE PLAYERS
12.6.4 PARTICIPANTS
12.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.6.5.1 Company footprint
12.6.5.2 Type footprint
12.6.5.3 Phase footprint
12.6.5.4 Form footprint
12.6.5.5 Usage footprint
12.6.5.6 End-use industry footprint
12.6.5.7 Region footprint
12.7 COMPANY VALUATION AND FINANCIAL METRICS
12.7.1 COMPANY VALUATION
12.7.2 FINANCIAL METRICS
12.8 COMPETITIVE SCENARIO
12.8.1 DEALS
12.8.2 EXPANSIONS
13 COMPANY PROFILES
13.1 KEY PLAYERS
13.1.1 NGS ADVANCED FIBERS CO., LTD.
13.1.1.1 Business overview
13.1.1.2 Products offered
13.1.1.3 MnM view
13.1.1.3.1 Key strengths
13.1.1.3.2 Strategic choices
13.1.1.3.3 Weaknesses and competitive threats
13.1.2 UBE CORPORATION
13.1.2.1 Business overview
13.1.2.2 Products offered
13.1.2.3 MnM view
13.1.2.3.1 Key strengths
13.1.2.3.2 Strategic choices
13.1.2.3.3 Weaknesses and competitive threats
13.1.3 COI CERAMICS, INC.
13.1.3.1 Business overview
13.1.3.2 Products offered
13.1.3.3 Recent developments
13.1.3.3.1 Deals
13.1.3.4 MnM view
13.1.3.4.1 Key strengths
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses and competitive threats
13.1.4 GE AEROSPACE
13.1.4.1 Business overview
13.1.4.2 Products offered
13.1.4.3 Recent developments
13.1.4.3.1 Deals
13.1.4.4 MnM view
13.1.4.4.1 Key strengths
13.1.4.4.2 Strategic choices
13.1.4.4.3 Weaknesses and competitive threats
13.1.5 SPECIALTY MATERIALS, INC.
13.1.5.1 Business overview
13.1.5.2 Products offered
13.1.5.3 Recent developments
13.1.5.3.1 Deals
13.1.5.4 MnM view
13.1.5.4.1 Key strengths
13.1.5.4.2 Strategic choices
13.1.5.4.3 Weaknesses and competitive threats
13.1.6 HAYDALE GRAPHENE INDUSTRIES PLC
13.1.6.1 Business overview
13.1.6.2 Products offered
13.1.6.3 MnM view
13.1.6.3.1 Key strengths
13.1.6.3.2 Strategic choices
13.1.6.3.3 Weaknesses and competitive threats
13.1.7 MATECH
13.1.7.1 Business overview
13.1.7.2 Products offered
13.1.7.3 MnM view
13.1.7.3.1 Key strengths
13.1.7.3.2 Strategic choices
13.1.7.3.3 Weaknesses and competitive threats
13.1.8 SUZHOU SAIFEI GROUP LTD.
13.1.8.1 Business overview
13.1.8.2 Products offered
13.1.8.3 MnM view
13.1.8.3.1 Key strengths
13.1.8.3.2 Strategic choices
13.1.8.3.3 Weaknesses and competitive threats
13.1.9 BJS CERAMICS
13.1.9.1 Business overview
13.1.9.2 Products offered
13.1.9.3 Recent developments
13.1.9.3.1 Expansions
13.1.9.4 MnM view
13.1.9.4.1 Key strengths
13.1.9.4.2 Strategic choices
13.1.9.4.3 Weaknesses and competitive threats
13.1.10 NINGBO ZHONGXING NEW MATERIALS CO., LTD.
13.1.10.1 Business overview
13.1.10.2 Products offered
13.1.10.3 MnM view
13.1.10.3.1 Key strengths
13.1.10.3.2 Strategic choices
13.1.10.3.3 Weaknesses and competitive threats
13.1.11 NANOSHEL LLC
13.1.11.1 Business overview
13.1.11.2 Products offered
13.1.11.3 MnM view
13.1.11.3.1 Key strengths
13.1.11.3.2 Strategic choices
13.1.11.3.3 Weaknesses and competitive threats
13.1.12 SKYSPRING NANOMATERIALS, INC.
13.1.12.1 Business overview
13.1.12.2 Products offered
13.1.12.3 MnM view
13.1.12.3.1 Key strengths
13.1.12.3.2 Strategic choices
13.1.12.3.3 Weaknesses and competitive threats
13.2 OTHER PLAYERS
13.2.1 NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
13.2.2 TISICS LTD.
13.2.3 INSTITUTE OF ENERGY SCIENCE AND TECHNOLOGY
13.2.4 NATIONAL UNIVERSITY OF DEFENSE TECHNOLOGY
13.2.5 FREE FORM FIBERS
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
