The global demand for Basalt Fiber Products Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Basalt fibers are produced by melting crushed basalt rocks and drawing the molten material. Basalt fibers have a similar chemical composition as glass fiber but have better strength characteristics. It has excellent features like high tensile strength, smooth texture, fire resistance, and durability. It is mostly used for concrete, bridge and shoreline structures. It has application across forestry and fisheries, green gardening, sports, leisure, construction, automobile among others.
The rising construction industry along with increasing demand for high performance sealing products is driving the market growth. Rising demand for tires coupled with increasing automotive sales in developing economies is again accelerating the market growth. On the other hand, availability of raw material, the limited number of suppliers and increasing threat from the substitutes are likely to hamper the market growth. Whereas, growing adoption of environmentally friendly and recyclable material is expected to create potential demand over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of basalt fiber products.
The entire basalt fiber products market has been sub-categorized into manufacturing technique and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Manufacturing Technique
- Centrifugal Multiroll
- Die Blowing
- Centrifugal Blowing
This section covers regional segmentation which accentuates on current and future demand for basalt fiber products market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Basalt Fiber Products Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the basalt fiber products market include BASALTEX NV, GMVChina, Mafic SA, Shanxi Basalt Fiber Technology Co., Ltd., Sudaglass Fiber Technology, Technobasalt and Zhejiang GBF Basalt Fiber Co., Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.