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Industrials : Aerospace & Defense | Large Cap Value
Company profile

The Boeing Company is an aerospace firm. The Company operates in four segments: Commercial Airplanes (BCA); Defense, Space & Security (BDS); Global Services (BGS), and Boeing Capital (BCC). BCA segment develops, produces and markets commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. BGS segment provides services to commercial and defense customers worldwide. BCC's segment portfolio consists of equipment under operating leases, finance leases, notes and other receivables and assets held for sale.

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21.13 (11.47%)
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North America SiC Fibers Market to 2027 - Regional Analysis and Forecasts By Form ; Usage ; End-Use Industry

2:53 am ET March 27, 2020 (Globe Newswire) Print announces the release of the report "North America SiC Fibers Market to 2027 - Regional Analysis and Forecasts By Form ; Usage ; End-Use Industry" -

SiC fibers are widely considered as key reinforcing agents, and are used in high performance ceramic matrix or metal matrix composites. The North America SiC fibers market is accounted to US$ 112.5 Mn in 2018 and is expected to grow at a CAGR of 20.1% during the forecast period 2019 - 2027, to account to US$ 2,097.7 Mn by 2027. Tough, lightweight silicon carbide (SiC) fibres are indispensable for manufacturing components such as aircraft engine parts which require high heat resistance. They are employed as light-weight materials in airplane construction and to improve the fuel efficiency of aircrafts. The SiC fiber manufacturers are increasingly investing in the production of low cost fibers to fulfil the rising demands of the end use industry. SiC fibers are used in reformers, nuclear reactors, heat exchangers, reusable rocket nozzles, turbine shrouds, furnace components, and gas turbines for jet engines, among others. The presence of several international aerospace corporations such as The Boeing Company, Lockheed Martin Corporation, and Northrop Grumman Corporation in North America have spurred the demand for SiC fibers. Capacity expansion owing to the rise in production of airplane engines, increase in demand for fuel-efficient aircraft, and increased investments in manufacturing SiC fiber-based CMCs (ceramic matrix composite) for land-based gas turbine engines are some factors that are likely to promote the growth of SiC fibers in North America during the forecast period.

SiC fibers are finding novel uses in the nuclear industry.Silicon carbide-based fibers are increasingly being used in various nuclear applications as they are resistant to nuclear radiations.

Their ability to withstand high temperatures coupled with lightweight and high tensile strength, has made it an indispensable technical ceramic used in making nuclear reactors.Moreover, these fibers are known to offer resistance to corrosion and oxidation and hence are used in producing radiation blankets, and fuel claddings for the nuclear fission and fusion reactors in the nuclear industry.

Its superior chemical properties and stability over very high temperature along with heat resistance and irradiation stability makes them perfect for use and has been considered as an attractive option for advanced nuclear energy systems.Companies are looking forward to new improvements such as reinforcing SiC fibers and its composites in the process called NITE (Nano-powder Infiltration and Transient Eutectoid (NITE)).

Further, the growing use of the SiC fibers in nuclear power plants for producing channel boxes and fuel cladding is fuelling the growth of the SiC fibers market.

With the rise in industrialization and expansion of aerospace, power generation, industrial, and chemical industry across North America, the demand for silicon carbide fiber is increasing.Although, the growth of the silicon carbide fiber is largely affected by the high cost of raw material and technology challenges.

To meet out the restraint of the market, manufacturers are looking forward to a better and improved form of silicon carbide fiber.Silicon carbide fiber is popularly available in two forms: beta and alpha.

The beta form of silicon carbide fiber was developed in 1990 and was made commercially available at high prices.However, they are increasingly replaced by the new alpha forms of SiC fibers.

They are known for their chemical, mechanical, and thermal properties along with attractive degradation-resistant and high-temperature reinforcing ceramic, which makes them an ideal material to be used in energy, transportation, aerospace, defense, industrial and nuclear applications. They are used in products such as armor, rockets, high-temperature semiconductors, abrasives, wear components, turbine engines plus metal and ceramic matrix composites. The demand for alpha-SiC fibers ceramic material is rising in comparison to ?beta-SiC fibers as they offer high tensile strength and durability, lightweight, higher thermal conductivity, better resistance to corrosion, and oxidation amongst others.

North America SiC fibers market is segmented on the country as Canada and US.US holds a dominating share of the North America SiC fibers market.

The large industrial and manufacturing base in US is anticipated to generate considerable demand for SiC fibers. Factors such as rapid industrialization, influx of immigrants, and the expansion of the aviation sector is expected to create significant demand for SiC fibers in the forecast period.

Some of the players present in North America SiC fibers market are American Elements, COI Ceramics, Inc., General Electric Company, Haydale Technologies Inc., Matech, NGS Advanced Fibers Co., Ltd., Specialty Materials, Inc., Ube Industries, Ltd, Ceramdis GmbH, and Nippon Carbon Co Ltd.

The overall North America SiC fibers market size has been derived using both primary and secondary source.The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North America SiC fibers market.

Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America SiC fibers market.

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