Tag: Basalt Fiber Market survey

Categories
Industrial Goods

Basalt Fiber Market Is Growing At A CAGR Of 12.4% During The Forecast Period Of 2022-2032

Basalt Fiber Market Analysis Report By Product Type (Roving, Chopped Strands, Fabric, Mesh and Grids), By Usage (Composites, Non-Composites), By End Use Industry (Building and construction, Automotive, Aerospace and defense), By Region – Global Insights 2022-2032

The global basalt fiber market is estimated at USD 106 Million in 2022 and is forecast to surpass USD 339 Million by 2032, growing at a CAGR of 12.4% during the forecast period of 2022-2032.

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Prominent Key players of the Basalt Fiber market survey report:

  • TECHNOBASALT-INVEST LLC
  • BASALTEX NV
  • Sudaglass Fiber Technology
  • Zhejiang GBF Basalt Fiber Co., Ltd (GBF)
  • Kamenny Vek
  • Shanxi Basalt Fiber Technology Co., Ltd
  • JiangSu Tianlong Continuous Basalt Fuber Co.Ltd
  • Mafic SA
  • Isomatex SA

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Global Basalt Fiber Market by Category

  • By Product Type :

    • Roving
    • Chopped Strands
    • Fabric
    • Mesh and Grids
    • Others

  • By Usage :

    • Composites
    • Non-Composites

  • By End Use Industry :

    • Building and construction
    • Automotive
    • Aerospace and defense
    • Ship Building
    • Wind Energy
    • Sport Accessories and others

  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

The insights for each vendor consists of:

  • Company profile
  • SWOT analysis
  • Main market information
  • Market share
  • Revenue, pricing and gross margin

What insights does the Basalt Fiber Market report provide to the readers?

  • Basalt Fiber fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each Basalt Fiber player.
  • Various regulations imposed by the governments on the consumption of Basalt Fiber in detail.
  • Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Basalt Fiber.

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The report covers following Basalt Fiber Market insights and assessment that are helpful for all participants involved in the Basalt Fiber market:

  • Data on recently introduced regulations and their impact on key industries and on demand in Basalt Fiber
  • Latest industry Analysis on Basalt Fiber Market, with key analysis of market drivers, trends, and influencing factors
  • Key trends Analysis of Basalt Fiber Market and changing consumer preferences in major industries.
  • Changing Basalt Fiber demand and consumption of diverse products
  • Major trends underlining funding by key investors in numerous countries
  • New investment opportunities in diverse technology and product or service types
  • Comprehensive data and Competitive analysis of Basalt Fiber major players
  • Basalt Fiber Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
  • Basalt Fiber demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Basalt Fiber Market report include:

  • How the market for Basalt Fiber has grown?
  • What is the present and future outlook of the global Basalt Fiber on the basis of region?
  • What are the challenges and opportunities for the Basalt Fiber?
  • Why the consumption of Basalt Fiber highest in region?
  • In which year segment is expected to overtake segment?

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Categories
Industrial Goods

Demand For Global Basalt Fiber Market Is Forecast To Surpass Usd 339 Million By 2032

The burden of regulations for the automotive manufacturers to reduce the vehicle weight has triggered the demand for basalt fibers by nearly 7% during the past four years, explains Fact.MR. The stringent regulations prevailing in the automotive industry regarding the reduction of vehicle weight to reduce emissions has positively impacted the demand for basalt fibers. Moreover, composites made of basalt fibers are being widely used in the aerospace industry for fuel efficiency. The additional properties of fire protection have led to a rise in the demand from the fire protection clothing segment.

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Attributed to superior properties as compared to other glass and carbon fiber and steel reinforcements, there has been a constant rise in the demand for basalt fibers. Only 1/10th of basalt fibers is required as a reinforcing material to obtain the same strength as steel. Basalt fibers also exhibit good mechanical strength, chemical and thermal resistance, and are also economically priced as compared to carbon fibers.

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The increasing penetration of light-weight composite material for automotive, aerospace and building and construction industry is projected to boost the demand for basalt fibers over the forecast period. The rising concern over energy conservation has further led to the growth of the renewable wind energy generation industry, thus, creating traction in the basalt fiber market.

Among the various regions, North America and Europe are estimated to account for a value share of approximately 60% in the global basalt fiber market by 2018-end. Europe is projected to lead the global basalt fibers market both in terms of production and consumption. Russia holds a significant share in the European basalt fibers market. The region has witnessed a surge in the demand for basalt fibers from the automotive industry as there are stringent regulations prevailing in the EU regarding vehicle emissions and greenhouse gas amongst others.

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Global Basalt Fiber Market Segmentation

To understand and assess opportunities in the global basalt fiber market, we have divided the report into three sections based on market segmentation as:

  • By Product Type :

    • Roving
    • Chopped Strands
    • Fabric
    • Mesh and Grids
    • Others

  • By Usage :

    • Composites
    • Non-Composites

  • By End Use Industry :

    • Building and construction
    • Automotive
    • Aerospace and defense
    • Ship Building
    • Wind Energy
    • Sport Accessories and others

  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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  • Exhaustive research regarding the market to offer A to Z information.
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  • 24/7 availability of services.
  • Interaction with suppliers, vendors, and service providers for precise market landscape.
  • Reports tailored as per the requirements of the clients.

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Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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