Basalt Fiber Market to Reflect Impressive Growth Rate of 13.5% by 2026 | Analysis by Technobasalt-Invest, INCOTELOGY GmbH, Kamenny VEK, Sichuan Aerospace Tuoxin Basalt Industrial

The report covers a forecast and an analysis of the Basalt Fiber Market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2026 based on revenue and volume.

Overview of the Global Basalt Fiber Market:

The report spread across 156 pages is an overview of the Global Basalt Fiber Market. These report study based on the Basalt Fiber Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Basalt Fiber Market is accounted for $159.52 Million in 2017 and is expected to reach $498.47 Million by 2026 growing at a CAGR of 13.5%.

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The major key factors such as rising demand among the emerging economies of Asia Pacific region in the automotive industry, rapid rise in government regulations and total population are fueling the market growth. However, lack of suppliers and rise in threat of substitute are hindrance for the growth of the market. Moreover, growing demand in the raw materials and innovations acts as growth opportunities for the market.

Basalt fiber reinforced polymer (BFRP) reinforcing bars have recently introduced as an alternative to steel reinforcement for concrete structures and as external support for retrofitting of concrete structures. Basalt fiber has not been widely used, unlike Glass Fiber reinforced polymer (GFRP) and carbon fiber reinforced polymer (CFRP) materials, Chopped basalt fibers have also been introduced as an additive to concrete mixes to produce fiber reinforced concrete (FRC).

Based on form, Continuous Basalt Fiber segment fuels the market share during the forecast period. As they offer higher strength than steel which makes them a preferred material in the construction industry.

Regional analysis, Asia Pacific region is anticipated to grow because of the increased industrial development in China. Manufacturers in China develop new technologies which focus on manufacturing low-cost continuous basalt fiber.

This comprehensive Basalt Fiber Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

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Major Key Players:

1 Technobasalt-Invest LLC

2 Shanxi Basalt Fiber Technology Co. TD

3 Zhejiang GBF Basalt Fiber Co.

4 INCOTELOGY GmbH

5 Kamenny VEK

6 Mudanjiang Jinshi Basalt Fiber Co. Ltd

7 Sichuan Aerospace Tuoxin Basalt Industrial Co., Ltd

8 ISOMATEX S.A.

9 Nmg Composites Co., Ltd and More…………….

Market Segment by Products:

1 Mesh

2 Grids

3 Chopped Strands

4 Roving

5 Fabric

6 Other Products

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Table of Contents:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Basalt Fiber Market, By Organization Size

6 Global Basalt Fiber Market, By Deployment Type

7 Global Basalt Fiber Market, By Component

8 Global Basalt Fiber Market, By End User

9 Global Basalt Fiber Market, By Geography

10 Key Developments

11 Company Profiling

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