Latin America Silicon Carbide Fibers Market Size & Outlook
Latin America silicon carbide fibers market, 2016-2027 (US$M)
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Latin America silicon carbide fibers market highlights
- The Latin America silicon carbide fibers market generated a revenue of USD 20.9 million in 2019.
- The market is expected to grow at a CAGR of 22.7% 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, Brazil is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 20.9 million |
| Market revenue in 2027 | USD 107.4 million |
| Growth rate | 22.7% (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, Latin America region accounted for 3.8% 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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Latin America 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 56.46% in 2019. Horizon Databook has segmented the Latin America silicon carbide fibers market based on continuous, woven, other forms covering the revenue growth of each sub-segment from 2016 to 2027.
Central & South America is one of the most lucrative markets for SiC Fiber. Political and economic instability in the region had slowed down the market growth. However, in recent years, the regional market exhibited relatively solid growth, especially in Brazil.
Regional and local market players are finding the market attractive on account of robust growth in end-use industries. In addition, the cost of composites in Central & South America is relatively lower than that in Europe and North America.
However, positive elements such as the implementation of monetary policy normalization by the key countries in the CSA region to align domestic inflation is likely to save the regional market from complete deterioration.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America silicon carbide fibers market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America silicon carbide fibers market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America silicon carbide fibers market size, by country, 2016-2027 (US$M)
Latin America Silicon Carbide Fibers Market Outlook Share, 2019 & 2027 (US$M)
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