Mexico Silicon Carbide Fibers Market Size & Outlook
Mexico silicon carbide fibers market, 2016-2027 (US$M)
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Mexico silicon carbide fibers market highlights
- The Mexico silicon carbide fibers market generated a revenue of USD 23.3 million in 2019 and is expected to reach USD 352.8 million by 2027.
- The Mexico market is expected to grow at a CAGR of 40.4% 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 23.3 million |
| Market revenue in 2027 | USD 352.8 million |
| Growth rate | 40.4% (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, Mexico accounted for 4.2% 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 North America, U.S. silicon carbide fibers market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 352.8 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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Mexico 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 55.79% in 2019. Horizon Databook has segmented the Mexico silicon carbide fibers market based on continuous, woven, other forms covering the revenue growth of each sub-segment from 2016 to 2027.
Mexico is a geographically critical location for outsourcing production activities as it is adjacent to the U.S., which is one of the major export destinations for component manufacturers. Furthermore, ease of doing business, geographical proximity, and supply source for distributors & retailers make the country one of the most preferred locations for manufacturers.
Increasing investments from multinational players in the Mexican market are expected to drive the growth of manufacturing sector of the country, thereby augmenting the growth of the Mexico silicon carbide fibers market.
Growing chemical, oil & gas, and construction industries in the country is anticipated to drive the demand for SiC fiber over the forecast period. The aerospace and aviation industry in Mexico is one of the largest manufacturing industries in the Mexico.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico silicon carbide fibers market , including forecasts for subscribers. This country databook contains high-level insights into Mexico silicon carbide fibers market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Mexico silicon carbide fibers market size, by form, 2016-2027 (US$M)
Mexico Silicon Carbide Fibers Market Outlook Share, 2019 & 2027 (US$M)
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