Asia Pacific Silicon Carbide Fibers Market Size & Outlook
Asia Pacific silicon carbide fibers market, 2016-2027 (US$M)
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Asia Pacific silicon carbide fibers market highlights
- The Asia Pacific silicon carbide fibers market generated a revenue of USD 150.7 million in 2019.
- The market is expected to grow at a CAGR of 32.3% from 2020 to 2027.
- In terms of segment, continuous was the largest revenue generating form in 2019.
- Continuous is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 150.7 million |
| Market revenue in 2027 | USD 1,414.4 million |
| Growth rate | 32.3% (CAGR from 2019 to 2027) |
| Largest segment | Continuous |
| Fastest growing segment | Continuous |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Continuous, Woven, Other Forms |
| Key market players worldwide | Ube Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.3% of the global silicon carbide fibers market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- North America is the fastest growing regional market and is projected to reach USD 3,410.2 million by 2027.
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Silicon Carbide Fibers Market Scope
Silicon Carbide Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific silicon carbide fibers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silicon carbide fibers market will help companies and investors design strategic landscapes.
Continuous was the largest segment with a revenue share of 54.55% in 2019. Horizon Databook has segmented the Asia Pacific silicon carbide fibers market based on continuous, woven, other forms covering the revenue growth of each sub-segment from 2016 to 2027.
Asia Pacific is the fastest-growing region in the world, contributing to over two-thirds of global economic growth. According to a report by the International Monetary Fund (IMF), the growth in Asia is expected to stall at zero percent in 2020, in light of the containment measures and global economic slowdown during the COVID-19 pandemic.
The deepening trade tensions between the U.S. and China coupled with regional tensions such as the bilateral relationship between South Korea and Japan are anticipated to impact the overall economic growth of the region.
Asia Pacific SiC fiber market is projected to grow significantly over the forecast period. The region is one of the most lucrative destinations for automotive, aerospace, and electronics manufacturers owing to the presence of key manufacturers in the major economies including China, India, and Japan in the region.
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Target buyers of Asia Pacific silicon carbide fibers market databook
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Our clientele includes a mix of silicon carbide fibers market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific silicon carbide fibers market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific silicon carbide fibers market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific silicon carbide fibers market size, by country, 2016-2027 (US$M)
Asia Pacific Silicon Carbide Fibers Market Outlook Share, 2019 & 2027 (US$M)
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