Europe Silicon Carbide Fibers Market Size & Outlook
Europe silicon carbide fibers market, 2016-2027 (US$M)
Related Markets
Europe silicon carbide fibers market highlights
- The Europe silicon carbide fibers market generated a revenue of USD 79.6 million in 2019.
- The market is expected to grow at a CAGR of 24.1% 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, Germany is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
| Market revenue in 2019 | USD 79.6 million |
| Market revenue in 2027 | USD 447.3 million |
| Growth rate | 24.1% (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, Europe region accounted for 14.4% 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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Europe 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 55.03% in 2019. Horizon Databook has segmented the Europe silicon carbide fibers market based on continuous, woven, other forms covering the revenue growth of each sub-segment from 2016 to 2027.
The European economy is expected to grow at a steady pace in the coming years. Supportive policies, strong growth in wages, and continuous employment creation are some of the factors contributing to the economic growth of the region.
In addition, public investment, most notably in digital & transport infrastructure, is further anticipated to impact the economic growth positively. Private investments, especially in construction sector, are expected to boost the region's economic growth.
The European region is characterized by the presence of several major economies in the world, such as Germany, the UK, France, Spain, Italy, and Russia. The demand for SiC fibers is largely dominated by the Western European countries including Germany, France, Italy, and the UK.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe silicon carbide fibers market , including forecasts for subscribers. This continent databook contains high-level insights into Europe silicon carbide fibers market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe silicon carbide fibers market size, by country, 2016-2027 (US$M)
Europe Silicon Carbide Fibers Market Outlook Share, 2019 & 2027 (US$M)
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