Global Silicon Carbide (SiC) Fibers Market: Overview
The search for high-performance composites for various engineering applications has stimulated the rapid evolution of the silicon carbide (SiC) fibers market. Advances in ceramics composites industry has increasingly impacted the market’s growth and will continue to do so. SiC fibers and their composites have emerged as robust candidates for researchers and industry players in high-temperature structural applications. SiC fibers use have gathered traction notably in the making of structures for aircraft engines, gas turbines, and nuclear power plants. Among the various properties that drive their utilization across end-use industries in the SiC fibers market are strength-to-weight ratio and outstanding creep resistance.
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Global Silicon Carbide (SiC) Fibers Market: Growth Dynamics
Rising utilization of SiC fibers in the aerospace structural applications is one of the key trends propelling the steady expansion of the SiC fibers market. Developed nations are witnessing sizable demands for these fibers in manufacturing a range of power and energy components, especially in developed nations. The SiC fibers market has increasingly benefitting from relentless efforts made by manufacturers to expand their production capacities over the past few years. New composite chemistries have emerged so as to lend a wide array of unique properties to SiC fibers, which has expanded the opportunities considerably for composite manufacturers especially in emerging economies.
Growing demand for SiC fibers and their composites in the defense industry is bolstering prospects in the SiC fibers market. Of the various product types, continuous silicon carbide fibers have been witnessing widespread demand around the world, especially for the fast growing nuclear power industry. Need for better materials to impart complex shapes in structures used in the defense industry is unlocking new prospects. Over the past few years, processing techniques used in the composite industry have advanced incredibly, opening new doors of opportunities to manufacturer in the silicon carbide (SiC) fibers market.
Global Silicon Carbide (SiC) Fibers Market: Notable Developments
In recent years, SiC fiber-based ceramic matrix composites (CMCs) have attracted the attention of investors in SiC fibers market. The increasing interest has been fueled by a growing body of research that project them as candidates for use in extreme environments. Further, such research initiatives are likely to see faster translation to real-world applications on the back of growing use of modern, cutting-edge design and processing technologies.
A team of researchers at NASA Glenn Research Center to engineer SiC fibers and SiC/SiC ceramic matrix composites (CMCs) is a case in point. The technologies that NASA has patented in non-oxide SiC fibers and matrices show promise in applications in extreme structural and environmental conditions. The fibers developed are called super Sylramic-iBN and Sylramic-iBN. The researchers asserted that their new materials are superior to several other composites notably metallic superalloys, carbon fiber composites, oxide ceramic composites, and monolithic ceramics. Several manufacturers in the silicon carbide (SiC) fibers market are looking for new revenue streams from current as well as new areas of applications of ceramic matrix composites.
Players looking for a sizable stake in the Silicon Carbide (SiC) Fibers Market are:
- COI Ceramics Inc.
- Matech Solutions
- Suzhou Saifei Group
- GE Aviation
- UBE Industries
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Global Silicon Carbide (SiC) Fibers Market: Regional Assessment
Of the various key regions, North America has been contributing sizable revenues to the global silicon carbide (SiC) fibers market. The rapid growth is underpinned by the rising uptake of SiC fibers in general and commercial aviation, and defense industry. Sizable investments made by the defense and nuclear industry on leveraging the potential of high-performance composites in high-temperature applications have also augmented the potential of the North America silicon carbide (SiC) fibers market over the past several years. Apart from developed regions, developing ones notably the Middle East and Africa is offering promising potential to composite manufacturers in the silicon carbide (SiC) fibers market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.