Basalt fiber market will reach an estimated valuation of USD 568.27 million by 2027, while registering this growth at a rate of 11.90% for the forecast period of 2020 to 2027. Basalt fiber is made up of fine fibres of basalt which consist of minerals plagioclase, pyroxene and olivine, while having better physiochemical properties and cheaper than carbon fiber. Basalt fiber is used in aerospace and automotive industries as a fireproof textile.
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Key Market Competitors: Global Basalt Fiber Market
The major players covered in the basalt fiber market report are Kamenny Vek, MAFIC, Technobasalt-Invest LLC, INCOTELOGY GmbH, Sudaglass Fiber Technology, Shanxi Basalt Fiber Technology Co., Ltd, Basalt Technology UK Limited., ASA.TEC GmbH, Fiberbas construction and building technologies, Jiangsu Green Materials Vally New Material T&D Co., Ltd (GMV), Jilin Huayang Group Co., Ltd., ARMBAS, Arrow Technical Textiles Private Limited., JiLin Tongxin Basalt Technology Co.,Ltd among other.
Market Segmentation: Global Basalt Fiber Market
- On the basis of usage type, basalt fiber market is segmented into composites and non-composites. Composites have been further segmented into construction & infrastructure, automotive & transportation, electrical & electronics, wind energy, marine and others. Non-composites have been further segmented into construction & infrastructure and others.
- Based on form, basalt fiber market is segmented into continuous basalt fiber and discrete basalt fiber.
- Basalt fiber market is segmented in terms of market value, volume, market opportunities and niches into multiple end-user industry. The end-user industry segment for basalt fiber market includes construction & infrastructure, automotive & transportation, electrical & electronics, wind energy, marine and others. Construction & infrastructure have been further segmented into basalt rebar and basalt fiber structures.
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2026.
- Detailed overview of parent market
- Changing market dynamics of the industry
Reasons to Purchase this Report
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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