Canada Silicon Carbide Fibers Market Size & Outlook
Canada silicon carbide fibers market, 2016-2027 (US$M)
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Canada silicon carbide fibers market highlights
- The Canada silicon carbide fibers market generated a revenue of USD 35.0 million in 2019 and is expected to reach USD 444.1 million by 2027.
- The Canada market is expected to grow at a CAGR of 37.4% 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.
Silicon carbide fibers market data book summary
| Market revenue in 2019 | USD 35.0 million |
| Market revenue in 2027 | USD 444.1 million |
| Growth rate | 37.4% (CAGR from 2019 to 2027) |
| Largest segment | Continuous |
| Fastest growing segment | Continuous |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 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, Canada accounted for 6.3% of the global silicon carbide fibers market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. silicon carbide fibers market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 352.8 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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Canada 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 55.43% in 2019. Horizon Databook has segmented the Canada silicon carbide fibers market based on continuous, woven, other forms covering the revenue growth of each sub-segment from 2016 to 2027.
Canada’s gross domestic product was USD 1.8 trillion in 2018, and it grew by 2% in 2019. Power generation industry in Canada is expected to witness growth, primarily owing to the rising population, rapid urbanization, and increased immigration rate.
Primary energy produced in Canada comes mainly from renewable sources that accounted for 67%, 9% from coal, and 15% from nuclear in 2018. The growing energy & power industry expected to drive silicon carbide fibers market in the country.
Aerospace sector is a major component of Canada’s economy. The aerospace industry contributed over USD 25 Billion in GDP to the Canadian economy in 2018. The Canadian aerospace sector is interlinked with the defense and space industries.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada silicon carbide fibers market , including forecasts for subscribers. This country databook contains high-level insights into Canada silicon carbide fibers market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada silicon carbide fibers market size, by form, 2016-2027 (US$M)
Canada Silicon Carbide Fibers Market Outlook Share, 2019 & 2027 (US$M)
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