openPR Logo
Press release

Basalt Fibre Market to Reflect a Holistic Expansion During 2015 - 2025

03-11-2018 09:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Basalt Fibre Market to Reflect a Holistic Expansion During 2015 -

In the last decade, basalt fibres has emerged as a strong competitor in the fibre reinforcement composites. Basalt fibres are the fibres made of extremely fine fibres of basalt, comprising the minerals pyroxene, plagioclase and olivine, having better physicomechanical properties than fiberglass, and significantly economical than carbon fibre. It finds its major application as a fireproof textile in the automotive and aviation industries. It also finds its application as a composite to produce products like camera tripods.

Construction market is anticipated to have the highest gain during the forecast period. Construction-related products like rubber roofing is projected to register healthy growth during the forecast period. Mechanical goods is estimated to account for the largest share of total demand for basalt fibre. Increased consumer demand of the durable goods, machinery and equipment will be benefiting the basalt fibre suppliers Globally the basalt fiber market is witnessing a significant growth and this trend will continue in the coming years. Ongoing technological advancements and developments in the raw material of basalt fibres will be the key influencing factors for the global basalt fibre market, with higher emphasis on cost and their applications.

Request For Report Sample@

As on 2014, North America & Europe are the dominating regions for the global basalt fiber market. U.S., Russia and Germany are the major consumers of basalt fibres. More than two-third of the total basalt fibres demand came from automobiles, building & construction and wind energy sectors. Primarily the reason behind the increasing demand for basalt fibres in these sectors is because it meets the requirements for demanding applications requiring chemical resistance, mechanical strength, high temperatures, durability and low water absorption. In terms of strategic initiatives, Asia-Pacific region is the most active market owing to their emerging market demands. The significant growth of the end-user industries, increased number of domestic players in the vertical segments, such as automotive and construction applications and higher levels of local manufacturing in the Asia-Pacific region will significantly boost the consumption of the basalt fibers.

Basalt Fibre Market: Drivers & Restraints

Rising construction output, increasing demand for high performance sealing products, tires and tire adhesive, rapid growth in the automotive sales in developing economies are few factors driving the growth of the global basalt fibre market.

Availability of raw material, limited number of suppliers and increasing threat from the substitutes are probable factors negatively impacting the growth of the global basalt fibre market.

Basalt Fibre Market: Segmentation

The global basalt fibre market is broadly classified on the basis of manufacturing technique, end-use industry and geographies.

Based on manufacturing technique, the global basalt fibre market is segmented into:

Centrifugal Multiroll
Die Blowing
Centrifugal Blowing

Based on end-use industry,the global basalt fibre market is segmented into:


Basalt Fibre Market: Overview

With rising automotive sales, burgeoning population and rising urbanization the need for basalt fibre products are increasing. The global basalt fibre market is expected to expand at a significant CAGR during the forecast period (2015-2025). As on date, Asia Pacific region is the largest producer and consumer of basalt fibre, with its automotive sector exhibiting healthy growth rate during the forecast period. Basalt fibre manufacturers have shifted their production facilities to developing economies, due to the low labor and operating costs.

Basalt Fibre Market: Region-wise Outlook

The global basalt fibre market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global basalt fibre market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the global basalt fibre market in terms of market revenue followed by Europe. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global basalt fibre market value exhibiting a robust CAGR during the forecast period, 2015-2025.

Request For Report Table of Content (TOC):

Basalt Fibre Market: Key Players

Some of the key market participants in global basalt fibre market are BASALTEX NV, Technobasalt, Sudaglass Fiber Technology, Mafic SA, Zhejiang GBF Basalt Fiber Co., Ltd, GMVChina, Shanxi Basalt Fiber Technology Co., Ltd.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

This release was published on openPR.

Permanent link to this press release:

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 Basalt Fibre Market to Reflect a Holistic Expansion During 2015 - 2025 here

News-ID: 973300 • Views: 595

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases

More Releases for Basalt

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
Basalt Composites Market: Latest Trends, Forecast, and Opportunity Analysis Head …
Stratview Research has published a new research report on Basalt Composites Market. This extensive 206-page report by Stratview Research analyses the growth of Basalt Composites Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments - · by End Use Industry Type (Building & Construction, Transportation, Marine, Wind Energy and Others), ·
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
Basalt Fiber Market 2017 - Basaltex, Technobasalt, Kamenny Vek, Zhejiang GBF Bas …
Apex Research, recently published a detailed market research study focused on the "Basalt Fiber Market" across the global, regional and country level. The report provides 360° analysis of "Basalt Fiber Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Basalt Fiber industry, and estimates the future trend of Basalt Fiber market on