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2017 $ 1.11 Billion SiC Fibers Market by Form, Usage, End-use Industry and Region - Global Forecast to 2022 - Research and MarketsThe "SiC Fibers Market by Form (Continuous, Woven Cloth), Usage (Composites, Non-Composites), End-use Industry (Aerospace & Defense, Energy & Power, Industrial), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering. The SiC fibers market is projected to reach USD 1,113.3 million by 2022, from an estimated USD 240.0 million in 2017, at a CAGR of 35.9% between 2017 and 2022 Increasing use of SiC fibers in commercial and military aircraft engines is driving the growth of the SiC fibers market across the globe. However, high processing and manufacturing costs of SiC fibers are restraining the growth of the SiC fibers market during the forecast period. SiC fibers are mainly used as reinforcements in Polymer Matrix Composites (PMCs), CMCs, and MMCs. These are most widely used for CMC components. SiC fiber-reinforced CMC components are used in turbine engines and nuclear reactors. SiC-reinforced PMC components are used in heat-resistant filtersand curtains, belts, and sports & leisure equipment. However, SiC fiber-reinforced PMCs are yet to be completely commercialized. The non-composite applications of SIC fibers are very limited owing to the high cost of fibers. These are used in chemical and heat transfer industries in high-temperature applications. North America is expected to be the fastest-growing market for SiC fibers during the forecast period owing to the high demand from LEAP engine manufacturers. The US leads the market for SiC fibers in North America. The penetration of SiC fibers in the US aerospace industry is expected to increase due to the establishment and capacity expansions for the production of SiC fibers by major SiC fiber manufacturers, increased budgets for defense aircraft programs, and growth in the aerospace industry due to stable economies. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Macroeconomic Overview 7 SiC Fiber Market, By Form 8 SiC Fiber Market, By Usage 9 SiC Fiber Market, By End-Use Industry 10 SiC Fiber Market, By Region 11 Competitive Landscape 12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/gx346v/2017_1_11?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20171218005513/en/ |
