Japan Silicon Carbide Fibers Market Size & Outlook
Japan silicon carbide fibers market, 2016-2027 (US$M)
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Japan silicon carbide fibers market highlights
- The Japan silicon carbide fibers market generated a revenue of USD 72.9 million in 2019 and is expected to reach USD 705.0 million by 2027.
- The Japan market is expected to grow at a CAGR of 32.8% 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 72.9 million |
| Market revenue in 2027 | USD 705.0 million |
| Growth rate | 32.8% (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, Japan accounted for 13.2% 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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Japan 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 54.05% in 2019. Horizon Databook has segmented the Japan silicon carbide fibers market based on continuous, woven, other forms covering the revenue growth of each sub-segment from 2016 to 2027.
Japan is one of the highly developed countries in the world. According to the IMF, Japan's economy is projected to grow at -5.2% in 2020. The economic growth is estimated to recover owing to the robust business investments coupled with increasing consumer spending supported.
The demand for SiC fiber composites from aerospace industry is also picking pace as the aircraft manufacturers in Japan are focusing on producing fuel-efficient and lightweight commercial aircraft. Chemical industry in Japan is one of the largest manufacturing industries.
The chemical sales in the country accounted for around USD 212.5 billion in 2018. Furthermore, the industry is expected to be benefitted by the EU–Japan Economic Partnership Agreement, which came into force in February 2019 and is expected to increase the trade activity between the regions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan silicon carbide fibers market , including forecasts for subscribers. This country databook contains high-level insights into Japan silicon carbide fibers market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Japan silicon carbide fibers market size, by form, 2016-2027 (US$M)
Japan Silicon Carbide Fibers Market Outlook Share, 2019 & 2027 (US$M)
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