China Silicon Carbide Fibers Market Size & Outlook
China silicon carbide fibers market, 2016-2027 (US$M)
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China silicon carbide fibers market highlights
- The China silicon carbide fibers market generated a revenue of USD 55.2 million in 2019 and is expected to reach USD 567.8 million by 2027.
- The China market is expected to grow at a CAGR of 33.8% 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 55.2 million |
| Market revenue in 2027 | USD 567.8 million |
| Growth rate | 33.8% (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, China accounted for 10.0% 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 Asia Pacific, Japan silicon carbide fibers market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 567.8 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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China 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 54.71% in 2019. Horizon Databook has segmented the China silicon carbide fibers market based on continuous, woven, other forms covering the revenue growth of each sub-segment from 2016 to 2027.
According to the IMF, the GDP growth in China is expected to be around 1.2% in 2020. The economic growth in China is expected to be impacted by the deepening U.S.–China trade tensions as well as the recent outbreak of COVID-19.
In its efforts to tackle this outbreak, China had locked down certain cities in the country and companies had temporarily shut down factories in the virus-affected regions, which had a short- to medium-term impact on the country's manufacturing output.
Although the Chinese economy has reopened, it is witnessing sluggish growth as the majority of the world's economies have just started lifting the lockdowns imposed to curb the spread of COVID-19. The SiC fiber market in China is anticipated to be driven by the growing investments in chemical, power generation, HVAC, and aerospace sectors.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China silicon carbide fibers market , including forecasts for subscribers. This country databook contains high-level insights into China silicon carbide fibers market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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China silicon carbide fibers market size, by form, 2016-2027 (US$M)
China Silicon Carbide Fibers Market Outlook Share, 2019 & 2027 (US$M)
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