Which region will dominate the continuous basalt fiber market? Find out in Technavio’s Market Analysis Report

NEW YORK, August 23, 2022 /PRNewswire/ — The continuous basalt fiber market is segmented by application (construction, molding, electrical and electronics, automotive, and others) and geography (North America, EuropeAPAC, South Americaand MEA).

The ongoing basalt fiber market size is estimated to grow by 135.06 million USD from 2020 to 2025. In addition, the market’s growth momentum will accelerate at a CAGR of 11.1% during the forecast period, according to Technavio.

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Market segmentation

By geography, North America will have most of the market growth. The region is expected to account for 36% of the market growth during the forecast period. The growth of the market in the region is attributed to factors such as increasing demand from various end-users such as the aerospace and alternative energy sectors. Moreover, the market growth in this region will be faster than the market growth in the regions. The US is the key country for the ongoing basalt fiber market North America.

By application, bUILDING segment will contribute the largest share of the market during the forecast period. Basalt continuous fiber has low thermal conductivity, strong resistance, high compatibility with organic and inorganic binders, high strength with low weight, and high fire resistance and durability. Therefore, basalt composites are preferred in the construction industry when compared to traditional materials such as carbon, steel and fiberglass. In addition, continuous basalt fiber requires low production costs and is environmentally friendly.

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Market Dynamics

The superior properties of continuous basalt fiber over traditional materials are driving the continued growth of the basalt fiber market. However, factors such as increasing demand for lightweight composite materials in the automotive industry may challenge market growth.

The story continues

Company Profiles

The ongoing Basalt Fiber market report includes information on product launches, sustainability and prospects of key vendors, including ARMBASALT CJSC, BASTECH, Fiberbas construction and building technologies, HG GBF Basalt Fiber Co. Ltd., INCOTELOGY GmbH, JiLin Tongxin Basalt Technology Co Ltd., Kamenny Vek, MAFIC, Shanxi Basalt Fiber Technology Co. Ltd., and Technobasalt-Invest LLC. The main offerings of some of these vendors are listed below:

• ARMBASALT CJSC – The company offers basalt fibers for building materials.

• BASTECH – The company offers basalt fiber, which is used as a reinforcing agent for concrete, plaster and plastic, providing three-dimensional strengthening.

• Fiberbas construction and construction technologies – The company offers basalt fiber, which has attractive final product properties and improved efficiency in terms of chemical and vibration resistance, resistance to extreme temperatures and water absorption.

• HG GBF Basalt Fiber Co. Ltd. – The company offers various continuous basalt fiber products, which include chopped fibers, rovings, fabrics and others.

• INCOTELOGY GmbH – The company provides continuous basalt fiber products for the automotive and aerospace industries.

This report provides a comprehensive list of leading vendors, their strategies and latest developments. Request a FREE PDF Sample Now

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on the result of their position in the industry and the result of market performance. The tool uses various factors to categorize players into four categories. Some of these factors considered for analysis are financial performance over the past three years, growth strategies, innovation results, new product introductions, investments, market share growth, etc.

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Table of Contents

1 Executive summary

2 Market landscape

3 Market size

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer landscape

7 Geographical landscape

8 Drivers, Challenges and Trends

9 Seller landscape

10 Seller Analysis

11 Appendix

around us

Technavio is a leading global technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and a large backlog, covering 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research and actionable market knowledge to identify opportunities in existing and potential markets and to assess their competitive positions within changing market scenarios.

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SOURCE Technavio