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Global Silicon Carbide Market Insight March 3, 2022 Comments

The Silicon Carbide is forecast to crazy over the next few years. According to the WK-chem Research “Global Silicon Carbide Professional Survey Report 2022, Forecast to 2027”, with the increasing demand of the Light Aircraft Materials industry,the Silicon Carbide industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 18.60%.
Analysts’ Viewpoint:
“The use of Silicon Carbide technology in the manufacture and use of Light Aircraft Materials is expected to provide various opportunities for market growth, Senior analyst, Chemical & Material Market Research Center in WK-chem.” It is expected that during the forecast period, the Aerospace and Defense Industry will dominate the global Silicon Carbide market.”
Market insight:
The growth of the global silicon carbide fiber market is driven by increasing demand for silicon carbide fibers in aerospace and adoption of silicon carbide fibers in energy and power sectors. SiC fibers have outstanding and remarkable properties such as high heat resistance, chemical stability, high modulus, light weight, and durability. These properties make them suitable for a wide range of applications in the aerospace industry, such as thermo-mechanical insulation, nanotubes in turbines, ceramic matrix composites (CMC), and replacement of metal alloys. In addition, the use of SiC fibers in the aerospace industry can significantly reduce the weight of aircraft engines and improve fuel efficiency, resulting in environmental and economic benefits for aircraft manufacturers.
Competition Landscape:
This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Silicon Carbide companys that include General Electric Company,NGS Advanced Fiber Co. Ltd.,Ube Industries, Ltd.,American Elements,BJS Ceramics GmbH .etc.
Segmentation of Silicon Carbide Market:
The global silicon carbide fiber market is segmented on the basis of type: crystalline and amorphous. Crystalline silicon carbide fibers are expected to occupy the main market. Crystalline silicon carbide (SiC) fibers have excellent properties such as high heat resistance, high modulus, chemical stability, and high strength, and are suitable for a wide range of applications such as nuclear power plants, power reactors, and refractories. By application: Aerospace & Defense, Energy & Power, Industrial and Others. The aerospace and defense sector is the largest revenue contributor due to the properties of silicon carbide fibers such as light weight, heat resistance, durability, chemical stability, impact resistance, and creep resistance. These properties make them suitable for a wide range of aerospace and defense applications, such as the insulation of engine components, nanotubes in turbines.
Silicon Carbide Market: Regional Analysis
In terms of geography, the global Silicon Carbide market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The silicon carbide fiber market size in Asia Pacific is expected to grow at the highest CAGR during the forecast period. China’s defense sector is growing rapidly, forcing SiC fiber manufacturers to produce high-quality SiC fibers. In addition, with the rapid increase in the construction of new nuclear power plants in countries such as India and Japan, silicon carbide fibers are widely used as temperature-resistant materials for insulation purposes. These are the key factors boosting the growth of the silicon carbide fiber market in Asia Pacific.
Cagr: 18.60%
Largest share area:Asia-Pacific
Largest share country:China
Product Type:crystalline and amorphous
Application:Aerospace & Defense, Energy & Power, Industrial and Others.Leading Company:General Electric Company,NGS Advanced Fiber Co. Ltd.,Ube Industries, Ltd.,American Elements,BJS Ceramics GmbH