| Product Code: ETC4499605 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India sic fibers market import shipment experienced a significant decline with a CAGR of -10.6% from 2020 to 2024. However, there was a notable rebound with a growth rate of 64.1% between 2023 and 2024, indicating a potential turnaround and renewed momentum in the market after a period of contraction.
The India SiC (Silicon Carbide) fibers market has witnessed growth as SiC fibers offer excellent properties, including high-temperature resistance and strength. These fibers are used in aerospace, energy, and industrial applications where extreme conditions are encountered. The development of high-performance technologies and materials has contributed to market expansion.
The India SiC (Silicon Carbide) fibers market is primarily driven by the demand for high-temperature and lightweight materials in industries such as aerospace, automotive, and energy. SiC fibers offer exceptional thermal stability and mechanical strength, making them ideal for applications in extreme environments. As these industries expand and seek materials with superior properties, the SiC fibers market continues to grow.
The India Silicon Carbide (SiC) fibers market faces several significant challenges. One of the foremost challenges is the high production cost of SiC fibers, primarily due to the complex and energy-intensive manufacturing processes. This cost factor can hinder the widespread adoption of SiC fibers, especially in price-sensitive industries. Furthermore, the limited availability of high-quality precursor materials and the expertise required for SiC fiber production pose significant hurdles for India manufacturers. Another challenge is the need for tailored SiC fiber products to meet specific industry requirements, which adds complexity to production processes and increases costs. To overcome these challenges, investments in research and development, as well as the establishment of a reliable supply chain for precursor materials, are crucial for the growth of the SiC fibers market in India.
The India SiC (Silicon Carbide) fibers market has experienced significant fluctuations due to the COVID-19 pandemic. Initially, the market saw disruptions in the supply chain, with manufacturing facilities being temporarily shut down and international trade restrictions affecting raw material imports. The SiC fibers market also faced reduced demand, primarily because of delays and cancellations in construction projects and a decrease in demand from industries such as aerospace and automotive due to the global economic slowdown. However, the market showed resilience as it gradually adapted to new working conditions and health safety protocols. Manufacturers started implementing remote work strategies and adopted digital technologies to mitigate disruptions. As the demand for lightweight, high-strength materials for various applications, including aerospace, power generation, and automotive, continued to grow, the SiC fibers market began recovering.
Key players in the silicon carbide (SiC) fibers market in India are NGS Advanced Fibers Pvt. Ltd., GE Aviation, and COI Ceramics Inc. They manufacture SiC fibers used in high-temperature and high-stress applications, including aerospace and industrial sectors.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India SiC Fibers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India SiC Fibers Market Revenues & Volume, 2021 & 2031F |
3.3 India SiC Fibers Market - Industry Life Cycle |
3.4 India SiC Fibers Market - Porter's Five Forces |
3.5 India SiC Fibers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India SiC Fibers Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 India SiC Fibers Market Revenues & Volume Share, By Phase, 2021 & 2031F |
4 India SiC Fibers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-performance materials in industries such as aerospace, defense, and automotive. |
4.2.2 Growth in research and development activities to enhance the properties of silicon carbide fibers. |
4.2.3 Government initiatives and investments in promoting the use of advanced materials like SiC fibers. |
4.3 Market Restraints |
4.3.1 High production costs associated with silicon carbide fibers. |
4.3.2 Limited availability of raw materials required for manufacturing SiC fibers. |
4.3.3 Technological constraints in achieving consistent quality and performance of SiC fibers. |
5 India SiC Fibers Market Trends |
6 India SiC Fibers Market, By Types |
6.1 India SiC Fibers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India SiC Fibers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India SiC Fibers Market Revenues & Volume, By First, 2021-2031F |
6.1.4 India SiC Fibers Market Revenues & Volume, By Second, 2021-2031F |
6.1.5 India SiC Fibers Market Revenues & Volume, By Third Generation, 2021-2031F |
6.2 India SiC Fibers Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India SiC Fibers Market Revenues & Volume, By Continuous, 2021-2031F |
6.2.3 India SiC Fibers Market Revenues & Volume, By Woven, 2021-2031F |
6.2.4 India SiC Fibers Market Revenues & Volume, By Others, 2021-2031F |
6.3 India SiC Fibers Market, By Phase |
6.3.1 Overview and Analysis |
6.3.2 India SiC Fibers Market Revenues & Volume, By Amorphous, 2021-2031F |
6.3.3 India SiC Fibers Market Revenues & Volume, By Crystalline, 2021-2031F |
6.3.4 India SiC Fibers Market Revenues & Volume, By Usage Composites, 2021-2031F |
6.3.5 India SiC Fibers Market Revenues & Volume, By Non-Composites, 2021-2031F |
7 India SiC Fibers Market Import-Export Trade Statistics |
7.1 India SiC Fibers Market Export to Major Countries |
7.2 India SiC Fibers Market Imports from Major Countries |
8 India SiC Fibers Market Key Performance Indicators |
8.1 Research and development expenditure in the SiC fibers industry. |
8.2 Number of patents filed for innovations in SiC fiber technology. |
8.3 Adoption rate of SiC fibers in key end-user industries. |
8.4 Percentage of manufacturing processes optimized for cost efficiency and quality improvement. |
8.5 Rate of advancement in SiC fiber properties such as strength, thermal conductivity, and chemical resistance. |
9 India SiC Fibers Market - Opportunity Assessment |
9.1 India SiC Fibers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India SiC Fibers Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 India SiC Fibers Market Opportunity Assessment, By Phase, 2021 & 2031F |
10 India SiC Fibers Market - Competitive Landscape |
10.1 India SiC Fibers Market Revenue Share, By Companies, 2024 |
10.2 India SiC Fibers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |