Press release
Continuous Basalt Fiber Market : Volume Share by Building & Construction, Transportation Applications & Other applications 2015 and 2021
Zion Research has published a new report titled “Continuous Basalt Fiber Market for Molded Materials, Transportation, Electronics, Building & Construction and Other Applications: Global Market Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, global demand for continuous basalt fiber market was valued at over USD 68.41 million in 2015 and is expected to reach around USD 121.19 Million in 2021, growing at a CAGR of slightly above 10.7% between 2016 and 2021.Do request for sample report visit at https://www.zionmarketresearch.com/sample/continuous-basalt-fiber-market
Basalt fiber is a material made up of extremely fine fibers of basalt It is manufactured by melting basalt rocks at high temperatures and processing them according to the needs of the end user industry. It is related to carbon fiber and fiberglass, having superior physicomechanical properties than fiberglass, but basalt fiber is much cheaper than carbon fiber. In aerospace and automotive industries, basalt fiber is used as a fireproof textile and can also be used as a composite to produce products such as camera tripods. Basalt as a fiber used in FRPs (fiber reinforced polymers) and structural composites. It is getting a lot of attention due to its high temperature and abrasion resistance.
The global continuous basalt fiber market is expected to grow at slow but steady CAGR during the forecast period. Rise in use of basalt fiber in applications such as molded materials, transportation, electronics, building & construction etc., are key factors driving the demand for continuous basalt fiber. Rapidly growing population has been resulted into increased number of transportation, daily use electronic equipment, buildings etc. Building and construction dominated the global continuous basalt fiber market with around 37% share of the market in 2015. However, transportation, electronics etc applications expected to exhibit fastest growth rate (CAGR) as compared to building and construction application in the years to come. Moreover, use of continuous basalt fiber in other applications like sports equipment, defense, space and aeronautic components is also expected to boost the demand for continuous basalt fiber.
Do inquiry for buying report visit at https://www.zionmarketresearch.com/inquiry/continuous-basalt-fiber-market
North America was the largest regional market for continuous basalt fiber in 2015. It accounted for around 40% share of the global market in 2015. Demand for continuous basalt fiber is mainly driven by strong demand from North America because of various application areas of continuous basalt fiber. In addition, high expenditure on defense and sports equipment is expected to propel market growth in the region during the forecast period. However, Asia Pacific is expected to exhibit the fastest growth in during the forecast period.
Global continuous basalt fiber market is highly competitive, with the presence of well-established global vendors. Some prominent market players operating in this market includes Basaltex, Sudaglass Fiber Technology, Kamenny Vek, Zhejiang GBF Basalt Fiber Co., Ltd, Technobasalt, Shanxi Basalt Fiber Technology Co., Ltd, JiangSu TianLong Continuous Basalt Fiber High-tech Co., Ltd., GMVChina, Mafic SA and Mineral 7.
Browse the full report at https://www.zionmarketresearch.com/report/continuous-basalt-fiber-market
This report segments the global market as follows:
Global Continuous Basalt Fiber Market: Application Segment Analysis
Molded materials
Transportation
Electronics
Building & construction
Others (including sports equipment, defense, space and aeronautic components, etc.)
Global Continuous Basalt Fiber Market: Regional Segment Analysis
North America
U.S.
Europe
Germany
France
UK
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
About US:
Zion Market Research is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Zion Market Research is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading industry and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.
Contact US:
4283, Express Lane,
Suite 634-143,
Sarasota, Florida 34249, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Email:sales@zionmarketresearch.com
Website:https://www.zionmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Continuous Basalt Fiber Market : Volume Share by Building & Construction, Transportation Applications & Other applications 2015 and 2021 here
News-ID: 366647 • Views: …
More Releases from Market Research Store

Global Building Design and Building Information Modeling (BIM) Software Market D …
The report includes a detailed profile and information of all the major Building Design and Building Information Modeling (BIM) Software market players currently active in the global Building Design and Building Information Modeling (BIM) Software Market. This Building Design and Building Information Modeling (BIM) Software Market Reports aids in the comprehension of the entire market and the identification of growth chances in the worldwide Building Design and Building Information Modeling…

Smart Luggage Market To Witness the Highest Growth Globally in Coming Years 2021 …
Smart Luggage Market
The report for the worldwide Smart Luggage market gives a harsh thought regarding the various factors and patterns influencing the improvement graph of the worldwide market. Advancement of the effect of government strategies and guidelines on the activities in the Smart Luggage market is likewise referenced to offer a comprehensive synopsis of things to come viewpoint of the market. It presents refined development gauges for the Smart Luggage…

Concrete Block and Brick Market Potential Growth, Size, Share, Demand and Analys …
Concrete Block and Brick Market
The report for the worldwide Concrete Block and Brick market gives a harsh thought regarding the various factors and patterns influencing the improvement graph of the worldwide market. Advancement of the effect of government strategies and guidelines on the activities in the Concrete Block and Brick market is likewise referenced to offer a comprehensive synopsis of things to come viewpoint of the market. It presents refined…

Sulfachloropyridazine Sodium Market set size record exponential growth size 2027
Sulfachloropyridazine Sodium Market
The Sulfachloropyridazine Sodium Market report gives an outline of the current market Trend, gradual income, and future viewpoint of the Sulfachloropyridazine Sodium Market.
According to the report, the Global Sulfachloropyridazine Sodium Market is foreseen to observe huge development during the gauge time frame from 2020 to 2027.
The report gives a brief outline and definite bits of knowledge into the market by gathering information from the business specialists…
More Releases for Basalt
Basalt Fiber Market Outlook and Future Projections for 2032 | United Basalt Prod …
HTF MI just released the Global Basalt Fiber Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
𝐌𝐚𝐣𝐨𝐫 Giants in Basalt Fiber Market are:
Kamenny Vek, Basaltex, Mafic, Technobasalt,…
Basalt Fiber Market Untapped Growth Opportunities by Key Players- Kamenny Vek, R …
According to HTF Market Intelligence, the Basalt Fiber market to witness a CAGR of 12.5% during the forecast period (2024-2030).The Latest published a market study on Global Basalt Fiber Market provides an overview of the current market dynamics in the Global Basalt Fiber space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2030. The study breaks the market by revenue and…
11.8% Growth Rate for Basalt Fiber Market by 2024 | KamennyVek, KamennyVek, Zhej …
ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global Basalt Fiber Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.
The Basalt Fiber Market size is estimated to be US$ 227 Million…
Basalt Fiber Market worth $397 million by 2024 | Key Players include Kamenny Vek …
According to recent market research "Basalt Fiber Market by Form (Continuous and Discrete), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Electrical & Electronics, Marine), Usage (Composites, Non-Composites), and Region - Global Forecast to 2024", The basalt fiber market is expected to grow from USD 227 million in 2019 to USD 397 million by 2024, at a CAGR of 11.8% during the forecast period.
The market is witnessing a significant growth…
Global Basalt Fiber Market - TECHNOBASALT, BASALTEX NV, Sudaglass Fiber Technolo …
A New fresh research report presented by KD Market Insights provides a detailed analysis of “Basalt Fiber Market: Size, Trends & Opportunity Outlook – Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business is going through. The research provides…
Global Basalt Fiber Market - TECHNOBASALT, BASALTEX NV, Sudaglass Fiber Technolo …
The basalt fiber is a fiber which is made from the extremely fine fiber of basalt and is cheaper from carbon fiber. According to the KD market Insights, the market is going to achieve CAGR of 15.6% during the forecasted period of 6 years i.e. 2018-2023. The market is going to grow in upcoming years because of its demand in several areas like aerospace and automotive industries. They are the…