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Global Basalt Fiber Industry to 2028

Dublin, January 7, 2022 (GLOBE NEWSWIRE) – The “Basalt Fiber Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Product (roving, cut strand, twisted yarn, fabrics and bands, and others) and by end use industry (construction, automotive, electricity and electronics, chemicals and others) “ the report was added to ResearchAndMarkets.com offer.

Basalt fiber market was valued at US $ 216.00 million in 2020 and is expected to reach US $ 427.14 million by 2028; it is expected to register a CAGR of 9.0% from 2021 to 2028.

Basalt fiber has chemical properties similar to those of glass fibers but has better physicochemical properties than glass fibers. The basalt fiber market is expected to experience strong growth owing to demand from end-use industries such as automotive, marine, building & construction, and electronics. The increase in construction activities in several regions due to population growth, income growth, and government initiatives in various economies to develop better infrastructure is likely to drive the growth of the basalt fiber market. However, the inconsistent properties of the raw materials are among the factors restraining the growth of the Basalt Fiber market.

Based on the product, the global basalt fiber market is categorized into rovings, chopped strands, twisted yarns, fabrics and ribbons, etc. The wicks segment held the largest share of the global basalt fiber market in 2020. Basalt wicks are a bundle of continuous unidirectional complex basalt fibers. Roving has resistance to aggressive environments, high natural strength, long life and superior electrical insulation properties. Based on its technical characteristics, basalt roving outperforms E glass and S glass in many ways. Basalt wicks are extremely heat resistant and can withstand temperatures up to 1000 C for a short time. These characteristics are the driving force behind the growth of the itinerant segment.

Geographically, the basalt fiber market is segmented into North America, Europe, Asia-Pacific, South and Central America, as well as the Middle East and Africa. In 2020, Asia-Pacific accounted for the largest share of the global basalt fiber market. Asia-Pacific includes several developing and developed economies such as India, China, Japan, South Korea and Australia. Emerging countries are experiencing an upsurge in industrialization and urbanization activities. The growth of construction projects in countries such as India and China and increasing investments in infrastructure activities, such as new construction of highways, railways, underground metro lines and pavements , are expected to strengthen the basalt fiber market in the region.

Kamenny Vek Company; Fiberbas Construction and Building Technologies; Hydro Design Management Co. Pvt. Ltd. ; Hg Gbf Basalt Fiber Co., Ltd; Bastech; Mafic SA; Shanxi Basalt Fiber Technology Co. Ltd; Technobasalt-Invest LLC; Deutsche Basalt Faser Gmbh; and Basalt Engineering LLC are among the major key players operating in the global basalt fiber market.

Reasons to buy

  • Highlights key business priorities to help companies realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global Basalt Fiber Market, thereby enabling players to develop effective long term strategies.
  • Develop / modify business expansion plans using a substantial growth offering in developed and emerging markets.
  • Take an in-depth look at market trends and prospects, as well as what drives the market, as well as what hinders it.
  • Improve the decision-making process by understanding the strategies that drive the business interest “as it relates to products, segmentation and verticals.”

Main topics covered:

1. Introduction

2. Key points to remember

3. Research methodology

4. Global Basalt Fiber Market Landscape
4.1 Market overview
4.2 PEST analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 AEM
4.2.5 SAM
4.3 Expert advice

5. Basalt Fiber Market – Key Market Dynamics
5.1 Main market drivers
5.1.1 Wide Applications of Basalt Fibers in Various End Use Industries
5.1.2 Superior mechanical, chemical and thermal properties of basalt fibers
5.2 Main market constraints
5.2.1 Inconsistent properties of raw materials
5.3 Key Market Opportunities
5.3.1 Growing adoption of environmentally friendly and recyclable materials
5.4 Future trends
5.4.1 Increasing demand for non-corrosive materials
5.5 Driver and restraint impact analysis

6. Basalt Fiber – Global Market Analysis
6.1 Basalt Fibers Market Overview
6.2 Basalt Fiber Market – Revenue and Forecast to 2028
6.3 Competitive positioning – Key market players

7. Global Basalt Fiber Market Analysis – By Product
7.1 Overview
7.2 Global Basalt Fiber Market Split, By Product, 2020 and 2028
7.3 Roaming
7.3.1 Overview
7.3.1 Roving: Basalt Fiber Market – Revenue and Forecast to 2028 (Thousands of US $)
7.4 cut strand
7.4.1 Overview
7.4.2 Chopped Strand: Basalt Fiber Market – Revenue and Forecast to 2028 (Thousands of US $)
7.5 twisted wire
7.5.1 Overview
7.5.2 Twisted Yarns: Basalt Fiber Market – Revenue and Forecast to 2028 (Thousands of US $)
7.6 Fabrics and ribbons
7.6.1 Overview
7.6.2 Fabrics and Ribbons: Basalt Fiber Market – Revenue and Forecast to 2028 (Thousands of US $)
7.7 Others
7.7.1 Overview
7.7.2 Others: Basalt Fiber Market Revenue and Forecast to 2028 (Thousands of US $)

8. Global Basalt Fiber Market Analysis – By End Use Industry
8.1 Overview
8.2 Global Basalt Fiber Market Split, By End Use Industry, 2020 and 2028
8.3 Construction
8.3.1 Overview
8.3.2 Construction: Basalt Fiber Market – Revenue and Forecast to 2028 (Thousands of US $)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive: Basalt Fiber Market Revenue and Forecast to 2028 (Thousands of US $)
8.5 Electricity and electronics
8.5.1 Overview
8.5.2 Electricity and Electronics: Basalt Fiber Market – Revenue and Forecast to 2028 (Thousands of US $)
8.6 Chemical
8.6.1 Overview
8.6.2 Chemicals: Basalt Fiber Market Revenue and Forecast to 2028 (Thousands of US $)
8.7 Others
8.7.1 Overview
8.7.2 Others: Basalt Fiber Market Revenue and Forecast to 2028 (Thousands of US $)

9. Basalt Fiber Market – Geographic Analysis

10. Impact of the COVID-19 pandemic on the global basalt fiber market
10.1 Impact of COVID-19 on the basalt fiber market
10.2 North America: Assessment of the impact of the COVID-19 pandemic
10.1 Europe: assessment of the impact of the COVID-19 pandemic
10.2 Asia-Pacific: Assessment of the impact of the COVID-19 pandemic
10.3 Middle East and Africa: Assessment of the impact of the COVID-19 pandemic
10.3 South and Central America: Assessing the Impact of the COVID-19 Pandemic

11. Company profile
11.1 Kamenny Vek Company
11.1.1 Key facts
11.1.2 Company description
11.1.3 Products and services
11.1.4 Financial overview
11.1.5 SWOT Analysis
11.1.6 Key developments
11.2 Fiberbas Construction and Building Technologies
11.2.1 Key facts
11.2.2 Company description
11.2.3 Products and services
11.2.4 Financial overview
11.2.5 SWOT Analysis
11.2.6 Key developments
11.3 Hydro Design Management Co. Pvt. Ltd.
11.3.1 Key facts
11.3.2 Company description
11.3.3 Products and services
11.3.4 Financial overview
11.3.5 SWOT Analysis
11.3.6 Key developments
11.4 Hg Gbf Basalt Fiber Co., Ltd
11.4.1 Key facts
11.4.2 Company description
11.4.3 Products and services
11.4.4 Financial overview
11.4.5 SWOT Analysis
11.4.6 Key developments
11.5 Bastech
11.5.1 Key facts
11.5.2 Company description
11.5.3 Products and services
11.5.4 Financial overview
11.5.5 SWOT Analysis
11.5.6 Key developments
11.6 Mafic SA
11.6.1 Key facts
11.6.2 Company description
11.6.3 Products and services
11.6.4 Financial overview
11.6.5 SWOT Analysis
11.6.6 Key developments
11.7 Shanxi Basalt Fiber Technology Co. Ltd
11.7.1 Key facts
11.7.2 Company description
11.7.3 Products and services
11.7.4 Financial overview
11.7.5 SWOT Analysis
11.7.6 Key developments
11.8 Technobasalt-Invest LLC
11.8.1 Key facts
11.8.2 Company description
11.8.3 Products and services
11.8.4 Financial overview
11.8.5 SWOT Analysis
11.8.6 Key developments
11.9 Deutsche Basalt Faser GmbH
11.9.1 Key facts
11.9.2 Company description
11.9.3 Products and services
11.9.4 Financial overview
11.9.5 SWOT Analysis
11.9.6 Key developments
11.10 Basalt Engineering LLC
11.10.1 Key facts
11.10.2 Company description
11.10.3 Products and services
11.10.4 Financial overview
11.10.5 SWOT Analysis
11.10.6 Key developments

12. Annex

For more information on this report, visit https://www.researchandmarkets.com/r/abcw0p