Press release
Basalt Fiber Market Share, Trends, Top Players, Segments and Forecasts Research 2024-2031 | Kamenny Vek, MAFIC, Technobasalt-Invest, INCOTELOGY GmbH
Basalt Fiber Market || 2024-2031
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The Basalt Fiber market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Basalt fiber is a high-performance material made from basalt rock, which is a natural volcanic material. It is produced by melting basalt at high temperatures and then extruding it into fibers. Basalt fiber has several advantageous properties, including high tensile strength, thermal resistance, and excellent chemical stability.
Key Developments:
In December 2021, Technobasalt-Invest, a Ukrainian company specializing in basalt fiber products, announced a partnership with BelAZ, a leading Belarusian manufacturer of large mining dump trucks. This collaboration aims to innovate and produce new composite materials using basalt fiber, specifically designed for the mining sector.
In April 2021, Kamenny Vek commenced the production of basalt direct roving with a diameter of 22 microns and a tex count of 2400, as well as basalt assembled roving with diameters of 18 microns and tex counts of 4800 and 3000.
In July 2020, Mafic U.S. launched the world's largest basalt fiber production facility in Shelby, North Carolina. This facility positions the company to effectively meet the growing demand from its extensive customer base.
Forecast Growth Projected:
The Global Basalt Fiber Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Basalt Fiber Market:
Kamenny Vek, MAFIC, Technobasalt-Invest, INCOTELOGY GmbH, Sudaglass Fiber, Permali Gloucester Ltd., GMV, Jilin Huayang Group Co., Ltd., ARMBAS, Arrow Technical Textiles Pvt. Ltd.
Segment Covered in the Basalt Fiber Market:
By Type: Roving, Chopped Strands, Fabric, Mesh and Grid, Mats and Others
By Form: Continuous and Discrete
By Usage: Composites and Non-Composites
0By End-User: Construction and Infrastructure, Automotive and Transportation, Electrical and Electronics, Wind Energy, Marine and Others
Regional Analysis:
The global Basalt Fiber Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Basalt Fiber Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Basalt Fiber Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Basalt Fiber manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Basalt Fiber in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQs
How big is the Basalt Fiber Market?
The Basalt Fiber Market size was USD $ 280.11 million in 2023. It is expected to reach USD $701.3 million 2031.
How fast is the Basalt Fiber Market growing?
The Basalt Fiber Market will exhibit a CAGR of 12.2% during the forecast period, 2024-2031.
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