Silicon Carbide (SiC) Fibers Market Accounted To Reach USD 3.1 Billion By 2025 : Grand View Research Inc.
San Francisco, 11 November 2019: The Report Silicon Carbide Fibers Market Size, Share & Trends Analysis Report By Form (Continuous, Woven), By Application (Aerospace & Defense, Energy & Power), By Usage, By Region, And Segment Forecasts, 2019 – 2025 The global silicon carbide (SiC) fibers market size is expected to reach USD 3.1 billion by 2025 progressing at a CAGR of 33.2% over the forecast period according to a new report by Grand View Research, Inc. This can be attributed to the superior strength-to-weight ratio, high modulus, good chemical resistance, and low thermal expansion offered by silicon carbide fibers. Product demand is witnessing growth in the manufacture of hot section components of military and commercial gas turbine engines due to superior thermal and oxidation resistance offered by the product at high temperature. Product penetration is also increasing in manufacturing radiation blankets, channel boxes, and fuel cladding for nuclear reac