Silicon Carbide Fibers Market Size, Share, Types, Products, Trends, Growth, Applications and Forecast 2020 to 2029
The global silicon carbide fibers market size was USD 501.9 million in 2021. The market is projected to grow from USD 572.8 million in 2022 to USD 3,758.4 million by 2029, exhibiting a CAGR of 30.8% during the forecast period.
This information is presented by Fortune Business Insights, in its report titled, “Silicon Carbide Fibers Market, 2022-2029.”
Continuous Segment to Dominate Market Due to High Demand from the Nuclear Power Generation Industry
Based on form, the market is segmented into continuous, woven, and others. The continuous segment accounted for the leading silicon carbide fibers market share and is anticipated to continue its dominance during the forecast timeframe.
Composites Segment to Lead Due to its ability to Withstand Extreme Adverse Conditions
By usage, the market is bifurcated into composites and non-composites. The composites segment is estimated to grow at the highest growth rate during 2022-2029.