Europe SiC Fibers Market
The Europe SiC fibers market accounted for US$ 86.2 Mn in 2018 and is predicted to grow at a CAGR of 18.3% during the forecast period 2019 - 2027, to account for US$ 529.9 Mn by 2027.
SiC fibers are composed of silicon carbide molecules, which range in diameter from 5-50 micrometers. They exhibit properties such as higher temperature capability, lower thermal expansion, lower density, higher oxidative durability, lower permeability, light-weight, high strength, and better thermal conductivity. SiC fibers are widely considered as key reinforcing agents and are used in the high-performance ceramic matrix or metal matrix composites.
In 2018, Germany accounted for a significant share of the Europe SiC fibers market. Europe has the presence of some world-leading automobile and aircraft manufacturing companies that generate significant demand for SiC fibers. The region is expected to turn into a lucrative SiC fibers market as it has a robust manufacturing base in countries such as Germany, Italy, and the UK. Moreover, rising investments in the manufacturing ability and production facility of SiC fibers are further expected to fuel the growth of the SiC fibers market in the European region. The construction of efficient nuclear power plants and the rising use of technical ceramics used in their constructions across Europe is anticipated to drive the sales for SiC fibers. The prolific industrial base of highly industrialized countries such as Germany, the UK, France, and Italy is expected to propel the growth of SiC fibers in Europe in the forecast period.
Strategic insights for the Europe SiC Fibers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 86.2 Million |
| Market Size by 2027 | US$ 529.9 Million |
| Global CAGR (2019 - 2027) | 18.3% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe SiC Fibers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Market Insights
Growing Demand from Various End-Use Industries
High strength along with a lightweight, stability over high temperature, and resistance from oxidation and corrosion make SiC fibers an ideal material used across various ends use industries such as aerospace and defense, power and energy, chemical, automotive, and others. The rising focus towards the advancement of the performance of commercial and military aircraft is continuously driving the demand for high-performance structural materials in the aerospace industry. Composite materials have gained acceptance for aviation and aerospace applications owing to exceptional strength coupled with superior physical properties and stiffness-to-density ratios. The aerospace industry is considered as the prime user of SiC fibers. The use of SiC fibers is important for application dealing in extreme mechanical loads at high temperatures (up to 1900 K in the air) and cannot be met out with any metallic material or intermetallic materials. The growing application of silicon carbide fibers reinforced composites is motivating the manufacturers to replace the metal parts in aircraft with the fibers so as to boost the fuel efficiency of aircraft engines and used in the manufacturing of engines, thermal protection systems, and turbopumps. Thus, the growing application base along with a rapid rise in urbanization and industrialization is boosting the demand for SiC fibers in the industry.
Form Insights
The SiC fibers have strong oxidation resistance and are extremely strong fibers that are specially used for high-temperature applications. The composition of carbon, silicon or acute proportions of oxygen present in the fiber depends on the manufacturing process of the SiC fiber. The continuous SiC fiber segment is anticipated to account for a significant share of the SiC fiber market in the Europe region. The continuous SiC fiber is widely used in the nuclear environment due to its chemical stability, high toughness, relatively low neutron absorption, and mature fabrication technology. These fibers have been gaining growing inclination in the nuclear industry and are being studied all over the globe and are being applied mainly to the engine combustion chamber, friction materials, and aerospace heat shield. The continuous SiC fibers are also noted to possess excellent electronic properties too. These fibers are prepared by the hot pressing and vacuum bag infiltration method using the SiC fabric performs.
Usage Insights
The SiC fiber market is bifurcated on the basis of usage into composites and non-composites. The SiC fibers market is anticipated to witness strong growth in Europe owing to the large demand for SiC fibers from its energy, aviation, and industrial sector. The composite SiC fibers is poised to dominate the Europe SiC fibers market by usage. The composites usage comprises of ceramic matrix composites (CMC), Polymer Matrix Composites (PMC) and Metal Matrix Composites (MMC). The PMC is poised to be a new alternative ceramic in various domestic and engineering applications. This composite that is influenced by the distinguished properties of SiC fiber is used in engineering applications such as marine, automobile, mechanical and others. The versatility offered by the use of composite SiC fibers has made them the preferred material in the construction of turbine engine components, and thermal protection systems in the aerospace applications. The remarkable properties of composite SiC fibers such as high chemical, mechanical and thermal stability with high tensile strength are anticipated to drive the demand for composite SiC fibers in the forecast period.
End-Use Industry Insights
The SiC fibers market is bifurcated on the basis of end-use industry into aerospace and defense, energy and power, industrial, and others. The aerospace and defense industry is expected to generate significant demand for SiC fibers whereas the demand for SiC fibers in the energy and power sector is anticipated to grow at a rapid pace in the forecast period. SiC fibers have gained importance in the aviation sector owing to their lightweight, high strength, and resistance towards oxidation and corrosion. These fibers are preferred over metal alloys in manufacturing aircraft components such as nozzles, combustors, shrouds, and blades of aircraft engines. The SiC fibers composites impart durability and toughness to the various aircraft components. The high modulus of SiC fibers composite makes it structurally suitable in the production of aircraft components. Moreover, the demand for silicon carbide fiber composites is high for manufacturing turbine & combustion section of aero-propulsion engines, which is expected to result in high product demand. The increasing use of aerospace composite materials like SiC fibers has played a significant role in the increased fuel efficiency and weight reduction of aircraft. These properties of the SiC fibers composites have encouraged its use in the aerospace and spacecraft industry.
Strategic insights for the Europe SiC Fibers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 86.2 Million |
| Market Size by 2027 | US$ 529.9 Million |
| Global CAGR (2019 - 2027) | 18.3% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe SiC Fibers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Strategic Insights
New product development, market initiatives, and mergers and acquisitions were observed as the most adopted strategies in Europe SiC fibers market. Few of the recent developments in the Europe SiC fibers market are listed below:
2018:
Microcertec Holding the parent company of Microcertec S.A.S, acquired Cérafast. The acquisition of Cerafast will allow both companies to widen their overall product.
2019:
BJS Ceramics GmbH announces that it has been awarded EU funding for its “Silicon-Carbide-Fiber Pilot-Production in Europe” (SPE)-Project.
2017:
BJS Ceramics GmbH started the construction of a ceramic fiber pilot plant in Bayreuth, Germany.
EUROPE SiC FIBERS MARKET SEGMENTATION
Europe SiC Fibers Market - By Form
Europe SiC Fibers Market - By Usage
Europe SiC Fibers Market - By End-Use Industry
Europe SiC Fibers Market - By Country
Company Profiles
The List of Companies - Europe SiC Fibers Market
The Europe SiC Fibers Market is valued at US$ 86.2 Million in 2018, it is projected to reach US$ 529.9 Million by 2027.
As per our report Europe SiC Fibers Market, the market size is valued at US$ 86.2 Million in 2018, projecting it to reach US$ 529.9 Million by 2027. This translates to a CAGR of approximately 18.3% during the forecast period.
The Europe SiC Fibers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe SiC Fibers Market report:
The Europe SiC Fibers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe SiC Fibers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe SiC Fibers Market value chain can benefit from the information contained in a comprehensive market report.
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