UK Silicon Carbide Fibers Market Size & Outlook, 2019-2027
UK silicon carbide fibers market, 2016-2027 (US$M)
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UK silicon carbide fibers market highlights
- The UK silicon carbide fibers market generated a revenue of USD 28.6 million in 2019 and is expected to reach USD 119.4 million by 2027.
- The UK market is expected to grow at a CAGR of 19.6% 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 28.6 million |
| Market revenue in 2027 | USD 119.4 million |
| Growth rate | 19.6% (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, UK accounted for 5.2% 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 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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UK 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 55.24% in 2019. Horizon Databook has segmented the UK silicon carbide fibers market based on continuous, woven, other forms covering the revenue growth of each sub-segment from 2016 to 2027.
The UK economy is witnessing a sluggish growth on account of increasing inflation and declining business investments owing to the constant political and economic uncertainties related to Brexit negotiations.
The country's economic growth is expected to recover gradually due to several factors including rising disposable income, high public investment, reduced social security charges & tax burdens, and tax incentives for businesses.
The aerospace sector in the UK is the second largest in Europe, and third largest in global. The aerospace sector plays a crucial role in countries economy, it has annual turnover of approximately USD 44 Billion annually.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK silicon carbide fibers market , including forecasts for subscribers. This country databook contains high-level insights into UK silicon carbide fibers market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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UK silicon carbide fibers market size, by form, 2016-2027 (US$M)
UK Silicon Carbide Fibers Market Outlook Share, 2019 & 2027 (US$M)
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