Press release
Basalt Fiber Market: Global Industry Outlook, Size (US$ 565.7 Million), Share, Growth (CAGR of 10.7%), Top Companies Analysis and Research Report 2022-2027
Basalt Fiber Market Trends:
The growing industrialization and the increasing infrastructural developments across countries are among the key factors driving the basalt fiber market. In addition to this, the elevating usage of the fibers by the government bodies of both developing and developed countries for commercial, industrial, and residential constructions, owing to its cost-effectiveness and non-corrosive properties, is acting as another significant growth-inducing factor. Besides this, the shifting preferences toward discrete basalt fiber as an effective alternative for steel and other fiber reinforcements for manufacturing lightweight aircraft and automobile components are also positively influencing the global market. Moreover, the escalating need for recyclable and eco-friendly fibers to minimize carbon footprint and the launch of various innovative products, such as basalt fiber reinforced plastic (BFRP), that offer additional support to infrastructural constructions and reduce the damage caused by corrosion is anticipated to propel the basalt fiber market over the forecasted period.
Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/basalt-fiber-market/requestsample
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
Competitive Landscape With Key Players:
The competitive landscape of the basalt fiber market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• ASA.TEC GmbH
• Basaltex NV
• INCOTELOGY GmbH
• Isomatex
• Kamenny Vek
• Mafic
• Shanxi Basalt Fiber Technology Co. Ltd
• sjn AG Suchmaschine der Technik
• Sudaglass Fiber Technology
• Technobasalt-Invest LLC
• Zhejiang Hengdian Imp. & Exp. Co. Ltd.
Industry Definition and Application:
Basalt fiber represents fiber-reinforced polymers manufactured utilizing extremely fine fibers of basalt and other minerals, including olivine, pyroxene, and plagioclase. They are available in several product types, such as rebar, fabric, roving, chopped strands, mesh and grids, etc. These basalt fiber variants are usually derived through prepreg process, pultrusion, compression or resin molding, and vacuum infusion methods. They have superior thermal protection, improved tensile strength, enhanced resistance to chemicals and ultraviolet (UV) radiations, lower hygroscopic quotient, and higher adhesive capabilities as compared to traditional glass fibers. As a result, basalt fiber products find extensive applications across numerous sectors, including automotive and transportation, construction, electrical and electronics, wind energy, marine, etc.
Key Market Segmentation:
The report has segmented the global basalt fiber market based on product, type, form, method, end use industry and region.
Breakup by Product:
• Rebar
• Fabric
• Roving
• Chopped Strands
• Mesh and Grids
• Others
Breakup by Type:
• Composites
• Non-Composites
Breakup by Form:
• Continuous
• Discrete
Breakup by Method:
• Pultrusion
• Prepregs
• Compression Moulding
• Hand Layup
• Resin Moulding
• Vacuum Infusion
• Spray Gun
• Filament Winding
• Others
Breakup by End Use Industry:
• Automotive and Transportation
• Construction and Infrastructure
• Electrical and Electronics
• Wind Energy
• Marines
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2618&flag=C
Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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