U.S. Silicon Carbide Fibers Market Size & Outlook
U.S. silicon carbide fibers market, 2016-2027 (US$M)
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U.S. silicon carbide fibers market highlights
- The U.S. silicon carbide fibers market generated a revenue of USD 229.3 million in 2019 and is expected to reach USD 2,613.4 million by 2027.
- The U.S. market is expected to grow at a CAGR of 35.6% 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 229.3 million |
| Market revenue in 2027 | USD 2,613.4 million |
| Growth rate | 35.6% (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, U.S. accounted for 41.6% 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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U.S. 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 54.86% in 2019. Horizon Databook has segmented the U.S. silicon carbide fibers market based on continuous, woven, other forms covering the revenue growth of each sub-segment from 2016 to 2027.
According to the International Monetary Fund (IMF), the U.S. economy represents around 20% of the total global output. The U.S. economy features a technologically advanced and highly developed service sector, which accounts for approximately 80% of its output.
According to the International Energy Agency (IEA), in 2018, total investment in the U.S. energy sector was valued at USD 350 billion and total foreign direct investment in the U.S. industry reached USD 172.8 billion. According to the World Nuclear Association (WNA), the U.S. leads over other countries in the world for the number of operational nuclear reactors.
The U.S. has 98 operating nuclear power reactors in 30 states, which are operated by 30 power companies. Ongoing construction activities for additional nuclear capacities are anticipated to boost the demand for silicon carbide fibers for nuclear fuel cladding.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. silicon carbide fibers market , including forecasts for subscribers. This country databook contains high-level insights into U.S. silicon carbide fibers market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. silicon carbide fibers market size, by form, 2016-2027 (US$M)
U.S. Silicon Carbide Fibers Market Outlook Share, 2019 & 2027 (US$M)
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