SiC Fibers Market worth 510.28 Million USD by 2021

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MarketsandMarkets Presents

SiC Fibers Market worth 510.28 Million USD by 2021

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The report "SiC Fibers Market by Type
(Continious\Long Fibers, Chopped\Short Fibers and
Others) by Application (Aerospace, Power
Generation, Nuclear Application and Others), by
Region - Forecast to 2021", The global silicon
carbide (SiC) fibers market is projected to reach
USD 510.28 Million by 2021, registering a CAGR of
2.91 from 2016 to 2021. Technological
advancement in the aerospace, nuclear, and power
generation industries is driving the global SiC
fibers market. .

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• Browse
• 120 market data Tables
• 42 Figures spread through 176 Pages
• in-depth TOC on "SiC Fibers Market by Type, by
  Region - Forecast to 2021
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Continuous SiC fibers has the major share in the
SiC fibers market The continuous SiC fibers, also
known as tow, are used as reinforcement materials
for ceramic composites materials (CMC) and
plastic composite materials (PMC). These fibers
possess high strength, heat resistance, corrosion
resistance, even in extreme conditions. Through
composite reinforcement, SiC fibers provide
improved performance opportunities to ceramic,
plastic, and metal (CMC, PMC, and MMC)
matrices. Aerospace represent the bulk of demand
for SiC fibers SiC- and silicon nitride-based
ceramic and ceramic composites are promising
materials for high-temperature applications in
aerospace engines because of their properties
such as high strength excellent creep,
oxidation, and corrosion resistance and low
density. SiC ceramics have excellent
high-temperature oxidation and creep resistance
up to 1,500C. As a result, SiC fibers are
becoming increasingly important in aerospace
application.
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• Asia-Pacific to register the highest CAGR during
  the forecast period
• Asia-Pacific is the fastest growing market for
  SiC fibers, followed by Europe and North America.
  China, the U.S., and Japan are the largest
  consumers of SiC fibers. Factors such as evolving
  environmental regulatory scenario and pressure
  from flagship companies to improve environmental
  performance of their supply chain have led to
  increasing demand for SiC fibers in Asia-Pacific.
  In this region, Japan is the major producer and
  consumer of SiC fibers. Nippon Carbon Co. Ltd.
  and UBE Industries of Japan are the global
  leaders in the SiC fibers market. The Japanese
  government is also actively supporting RD
  activities on SiC fibers.
• Key players in the SiC fibers market
• The key players in the market include SGL Group-
  The Carbon Company (Germany), UBE Industries
  (Japan), NGS Advanced Fibers Co. Ltd. (Japan),
  COI Ceramics (U.S.), Specialty Materials (U.S.),
  Nippon Carbon Co. Ltd. (Japan), Saint-Gobain
  (France), Volzhsky Abrasive Works (Russia), and
  Washington Mills (U.S.)
• Speak to Analyst http//www.marketsandmarkets.com
  /speaktoanalyst.asp?id171928034

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