Middle East & Africa Silicon Carbide Fibers Market Size & Outlook
Middle East & Africa silicon carbide fibers market, 2016-2027 (US$M)
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MEA silicon carbide fibers market highlights
- The MEA silicon carbide fibers market generated a revenue of USD 12.7 million in 2019.
- The market is expected to grow at a CAGR of 21.3% 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.
MEA data book summary
| Market revenue in 2019 | USD 12.7 million |
| Market revenue in 2027 | USD 59.5 million |
| Growth rate | 21.3% (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, MEA region accounted for 2.3% 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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Middle East & Africa 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 53.54% in 2019. Horizon Databook has segmented the Middle East & Africa silicon carbide fibers market based on continuous, woven, other forms covering the revenue growth of each sub-segment from 2016 to 2027.
The growing defense & aerospace industry in the Middle East is projected to boost the demand for SiC fibers over the forecast period. According to Centre for Aviation (CAPA), the Middle East is witnessing the highest growth rate in commercial aerospace industry globally.
Furthermore, in the UAE, an order worth USD 7.5 billion from Boeing and Airbus for aerospace parts manufacturing is expected to be the major revenue driver for the region over the forecast period. Numerous companies in the Middle East, such as Etihad, Honeywell, and Emirates, are indulging in JVs, R&D, and expansion plans to capture greater market share.
This is likely to boost the demand for lightweight advanced materials such as SiC fiber reinforced composites in aerospace and military applications. The Middle East & Africa (MEA) is primarily characterized by the growing HVAC and petrochemical sectors.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa silicon carbide fibers market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa silicon carbide fibers market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Middle East & Africa silicon carbide fibers market
Middle East & Africa Silicon Carbide Fibers Market Outlook Share, 2019 & 2027 (US$M)
Middle East & Africa silicon carbide fibers market
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