WASHINGTON, Aug. 30, 2023 (GLOBE NEWSWIRE) — As per Vantage Market Research, the combination of increasing demand for lightweight & high-strength materials, growing focus on energy efficiency, rising demand for composites, investment in research & development, demand from emerging economies, advancements in manufacturing technologies, and stringent regulations & standards are propelling the growth of the SiC Fibers market.
OREnjoy a Fabulous 50% Discount with code “AUG50”! Don’t miss out on these incredible savings @Several factors can affect the growth of the SiC Fibers industry. Some of these factors include:SiC Fibers are widely used in energy-related applications such as nuclear fuel, solar, and fuel cells. Due to their high thermal conductivity and resistance to radiation, SiC Fibers are an ideal material for use in nuclear fuel rods. In addition, SiC Fibers are used in solar cells due to their ability to withstand extreme temperatures and harsh environments. In addition, the energy industry is also a significant end-user of SiC Fibers. SiC Fibers are used in nuclear energy production, solar cells, fuel cells, and other energy-related applications. The automotive industry is a potential growth market for SiC Fibers due to their high strength-to-weight ratio. The growing demand for lightweight and fuel-efficient automobiles is likely to boost the expansion of the automotive SiC fibres market.The production of SiC Fibers involves complex and expensive manufacturing processes, including chemical vapor deposition (CVD) or polymer pyrolysis. This results in high production costs, making SiC Fibers more expensive compared to other fiber alternatives. The manufacturing of SiC Fibers is still at an early stage, and the current production capacity is relatively low. This limits the availability of SiC Fibers for various applications and makes it difficult to meet the growing demand. In addition, SiC Fibers are prone to cracking and breakage under certain conditions, making them less durable compared to other fiber materials. This restricts their use in applications that require high strength or resistance to mechanical stress.In the early year, silicon carbide fibers were very expensive because of their scarcity. Many global producers are developing advanced technologies to produce high SiC Fibers because Japan and the U.S. control large quantities of this fiber for commercial production. Effective product production in high-temperature environments is an area of interest for several companies and R&D centers. For instance, NASA has patented SylramiciBN, a nontoxic silicon carbide fiber that can withstand temperatures up to 1,500 C. Therefore, the initiative of these players will create technological innovation for fiber production and lead to mass production. The market is expected to gain significant value during the forecast period due to increasing technical progress in fiber production.The crystalline segment is the leading category in the SiC Fibers market. Crystalline silicon carbide (SiC) fibers have exceptional qualities such as solid thermal resistance, high modulus, chemical stability, and high strength, making them appropriate for various applications such as nuclear plants, power reactors, and refractories.The aerospace & defense segment accounted for the most significant market growth in 2022. This is due to silicon carbide fibers’ lightweight, heat-resistant, resilient, chemically stable, shock-resistant, and creep-resistant qualities. Because of these properties, they are excellent for a wide range of aerospace and defense applications, such as insulation in engine parts and nanotubes in turbines.
(GlobeNewsWire)