SiC Fibers Market

The SiC Fibers market is projected to grow from USD 0.70 billion in 2024 to USD 3.34 billion by 2031, at a CAGR of 25.0% during the forecast period.

The key drivers of the SiC fibers market are increased production of LEAP engines and fuel-efficient aircraft demand. Around 2,000 units of LEAP engines yearly are being manufactured with the help of SiC fiber-based composites in major components such as shrouds. Companies like GE Aerospace, BJS Ceramic, and Ningbo Zhongxing New Materials Co Ltd. are strategically positioning themselves in the SiC fibers market by increasing the production capacities of the SiC fibers plants to fulfill an urgent need from aircraft engine producers. This is driven further by the aerospace industry's drive for reducing emissions by highly efficient 'green' aircraft, which is seeking to replace heavier metal alloys with SiC fiber-based composites in turbine blades, nozzles, shrouds, and combustors. GE Aerospace, in its GE9X engine, will also make use of SiC composites, which are said to provide 10% efficiency in fuel consumption as compared to previous engines and thus reflect the significance of SiC fibers for the aerospace and defense sector to achieve climatic targets as per stringent environmental regulations. In the following years, the aerospace and defense sector will continue to focus on a better supply chain that reduces CO2 emissions besides providing improved fuel efficiency. The growth in this sector is likely to drive the demand for SiC fibers rapidly.

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The major players active in the SiC Fibers market are based in North America and Asia Pacific region. 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),  are among a few leading players operating in the SiC Fibers market. Significant attention has been dedicated to developing cost-effective manufacturing processes in the SiC Fibers market to meet evolving global demands. Key players have implemented various growth strategies to solidify their market position. These strategies encompass contracts, partnerships, mergers and acquisitions, and, production capacity expansions, all aimed at enhancing their presence in the SiC Fibers market.

NGS Advanced Fibers Co., Ltd. (Japan)

NGS Advanced Fibers Co., Ltd. was established in April 2012 as a joint venture between GE, Safran, and Nippon Carbon (NCK). NGS Advanced Fibers is headquartered in Tokyo, Japan. It is well equipped with advanced technological capacities for developing and producing high-performance SiC fibers such as HI-NICALON and NICALON. The company is among the most prominent companies having the application of leading-edge technology in manufacturing silicon carbide continuous fibers used in extremely high-performance applications, such as aerospace and industrial sectors. The company's history dates back in 1980, when Nippon Carbon (NCK) was commissioned by the Japan Science and Technology Corporation (JST) to develop NICALON, and then again further developed the ultra-high-heat-resistant HI-NICALON fibre. NGS remains committed to high quality and is also accredited with ISO9001 and JISQ9100. The company has increased its manufacturing capacity by building a second manufacturing plant in 2016.

UBE Corporation (Japan)

UBE Corporation is a diversified global manufacturer that has a broad portfolio of five key business segments operational around the world, ranging from chemicals and pharmaceuticals, to cement and construction materials, machinery, and energy and the environment. The Chemicals segment is where UBE's own SiC fiber business comes under the Continuous Inorganic Fiber unit, which markets advanced products, including the Tyranno fiber. Tyranno is a high-strength ceramic fiber. It is used in aerospace as well as in industrial applications and heat-resistant material, which includes filters, belts, and high-temperature structural support. The company had a revenue of about USD 3,324.5 million in 2023 and it emphasizes innovation and sustainability and has approximately 7,882 employees all over the world. The product mix and diversity make UBE the leader in advanced materials for providing high-stress applications.

COI Ceramics, Inc. (US)

COI Ceramics, Inc. was founded in 1897 in San Diego, USA, and specializes in the predominant manufacture of SiC fibers for ultra-high-temperature use in aerospace and power generation. Following the acquisition of SiC fiber technology rights from Dow Corning in 1999, COI Ceramics, Inc. has become an industry leader with its Sylramic family of advanced products. Sylramic fibers, possessing outstanding strength, toughness, and high-temperature capabilities, are used in critical applications for hot gas flow components and structural composites, among others. The company is the exclusive North American distributor for NICALON fibers developed by NGS Advanced Fibers. COI Ceramics is a subsidiary of ATK Space Systems, Inc., continually pushing the boundaries of innovation in high-performance materials as a means to provide solutions to extreme environments.

Related Reports:

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

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