Which region will continue to dominate the 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).

Technavio has announced its latest market research report titled Continuous Basalt Fiber Market by Application and Geography – Forecast and Analysis 2021-2025.

The continuous basalt fiber market is estimated to grow by size USD 135.06 million From 2020 to 2025. Also, the growth rate of the market will accelerate at a CAGR of 11.1% during the forecast period, according to Technavio.

Get a detailed report summary describing the forecast along with the market size and research methodology. The Free sample report Available in PDF format

market segmentation

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

By application, the Construction The segment will contribute the largest share of the market during the forecast period. Continuous basalt 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 compared to conventional materials such as carbon, steel and glass fiber. In addition, continuous basalt fiber requires low production costs and is environmentally friendly.

Learn about each segment’s contribution summarized in concise infographics and detailed descriptions. View a free PDF sample report

Market dynamics

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

Company profiles

Continuous Basalt Fiber Market Report includes ARMBASALT CJSC, BASTECH, Fiberbas Manufacturing and Manufacturing Technologies, HG GBF Basalt Fiber Co. Ltd., INCOTELOGY GmbH, JiLin Tongxin Co., JiLin Tongxin Co. Ltd. Includes information on product launches, sustainability and prospects of key vendors, including Ltd., Kamenny Vek, MAFIC, Shanxi Basalt Fiber Technology Co. Ltd., and Technobasalt-Invest LLC. Some of these vendors’ key offerings are listed below:

  • ARMBASALT CJSC – The company provides basalt fiber for construction materials.

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

  • Fiberglass Manufacturing and Manufacturing Techniques – The company offers basalt fibers that have attractive end product properties and improved efficiency in terms of chemical and vibration resistance, highest temperature resistance, and water absorption.

  • HG GBF Basalt Fiber Co. Ltd. – The company offers a variety of continuous basalt fiber products, including chopped fibers, rovings, fabrics and more.

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

This report provides a complete list of key vendors, their strategies, and latest developments. Request a free PDF sample now

Competitive analysis

The report includes competitive analysis, a proprietary tool for analyzing and evaluating companies’ positions based on their Industry Position Score and Market Performance Score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past three years, growth strategy, innovation score, new product launch, investment, market share growth, etc.

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Continuous Basalt Fiber Market Scope

Report coverage

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth rate and CAGR

Accelerated at a CAGR of 11.1%

Market Growth 2021-2025

USD 135.06 million

Market structure

fragmented

Annual Growth (%)

9.93

Regional analysis

North America, Europe, APAC, South America, and MEA

Demonstrating market contribution

North America at 36%

Major consumer countries

US, Germany, China, UK and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement range

Companies profile

ARMBASALT CJSC, BASTECH, Fiberbas Construction and Manufacturing 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 Investalt LLC

Market dynamics

Parent market analysis, market growth inducers and restraints, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Custom range

If our report does not contain the data you are looking for, you can contact our analysts and customize the sections.

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Table of Contents

1 Executive Summary

2 Market scenario

3 Market size

4 Five Forces Analysis

5 Market segmentation by application

6 Customer scenario

7 Geographical landscape

8 Drivers, Challenges, and Trends

9 vendor scenario

10 Vendor Analysis

11 Appendix

about us

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

Get in touch

Technavio research
Jesse Maida
Media and Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Newsroom: newsroom.technavio.com/news/continuous-basalt-fibermarket

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

the season

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