Germany Silicon Carbide Fibers Market Size & Outlook
Germany silicon carbide fibers market, 2016-2027 (US$M)
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Germany silicon carbide fibers market highlights
- The Germany silicon carbide fibers market generated a revenue of USD 19.2 million in 2019 and is expected to reach USD 139.8 million by 2027.
- The Germany market is expected to grow at a CAGR of 28.2% 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 19.2 million |
| Market revenue in 2027 | USD 139.8 million |
| Growth rate | 28.2% (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, Germany accounted for 3.5% 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 Europe, Germany silicon carbide fibers market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 139.8 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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Germany 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 54.69% in 2019. Horizon Databook has segmented the Germany silicon carbide fibers market based on continuous, woven, other forms covering the revenue growth of each sub-segment from 2016 to 2027.
Germany is the largest economy in Europe. According to the European Commission, the GDP growth in Germany is expected at around −6.3% in 2020 and over 5.3% by 2021, owing to the impact caused by the COVID-19 pandemic.
According to the Statistisches Bundesamt (Destatis), Germany's GDP was around USD 3.910 trillion in 2019. Major manufacturing industries contributing to the country's economic growth include automobile, chemical, machine tools, metal, and pharmaceutical.
The country is one of the largest producers of silicon carbide fibers in the region, driven by the rising product demand from aerospace, energy and power industries. The development of Future Combat Air System projects is expected to propel the demand for silicon carbide composites in aerospace applications.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany silicon carbide fibers market , including forecasts for subscribers. This country databook contains high-level insights into Germany silicon carbide fibers market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Germany silicon carbide fibers market size, by form, 2016-2027 (US$M)
Germany Silicon Carbide Fibers Market Outlook Share, 2019 & 2027 (US$M)
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