PUNE, India, December 19, 2022 (GLOBE NEWSWIRE) — The global Silicon Carbide Fibers Market size was $501.9 million in 2021. The market is expected to keep growing $572.8 million 2022 to $3,758.4 million by 2029 with a CAGR of 30.8% during the forecast period.
This information is presented by Insights into the Fortune businessin his report entitled “Silicon Carbide Fibers Market, 2022-2029.”
Effects of COVID-19:
Supply chain failures in the aerospace sector have reduced the consumption of silicon carbide fibers
The government restrictions caused by the COVID-19 pandemic, which disrupted the aerospace industry, had a significant impact on the market. Containment, supply chain disruptions and a freeze in consumer activity have all been caused by this pandemic. Due to a serious shortage of trained and skilled workers, aircraft manufacturers were forced to close their plants, which meant that aircraft production remained suspended.
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List of Key Players Mentioned in the Report:
- NGS Advanced Fibers Co.,Ltd. (Japan)
- Special Materials (USA)
- UBE Corporation (Japan)
- American elements (USA)
- Nanoshel LLC (USA)
- NINGXIA ANTELI CARBON MATERIAL CO. LTD (China)
- Suzhou Saifei Group Ltd. (China)
- Haydale Graphene Industries Plc (UK)
- Matech (USA)
- BJS Ceramics GmbH (Germany)
- SkySpring Nanomaterials, Inc. (USA)
Segments:
Continuous segment will dominate the market due to high demand from nuclear power industry
Based on shape, the market is segmented into continuous, woven and others. The continuous segment accounted for the leading market share of silicon carbide fibers and is expected to continue its dominance in the forecast period.
Composites segment leads due to its ability to withstand extreme adverse conditions
The market is segmented into composites and non-composites by use. The Composites segment is based on…
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