Basalt Fiber is a material made from extremely fine fibres of basalt, which is composed of the minerals plagioclase, pyroxene, and olivine. It is similar to carbon fibre and fibreglass, having better physic mechanical properties than fibreglass, but being significantly cheaper than carbon fibre. It is used as a fireproof textile in the aerospace and automotive industries and can also be used as a composite to produce products such as camera tripods.
Basalt Fiber is made from a single material, crushed basalt, from a carefully chosen quarry source and unlike other materials such as glass fibre, essentially no materials are added. The basalt is simply washed and then melted.
Basalt fiber industry has broad development prospects, the value is favored by investors, production companies gradually increased.
Fiber manufacturer must continue to strengthen internal technological innovation, improve product quality, also has the external dual role: materials suppliers and solutions providers. The degree of Basalt Fiber technological innovation directly determines the development speed and the development space of Basalt Fiber industry, and even the success or failure of basalt fiber industry.
According to the statistics, basalt fiber industry is relatively concentrated. Currently, there are many producing companies in the world basalt fibe. The main market players are Kamenny Vek, Technobasalt-Invest, Sudaglass, Mafic, Zaomineral, Aerospace Tuoxin, Shanxi Basalt Fiber, GMV, Jiangsu Tianlong, Tongxin, Jilin Jiuxin, Zhejiang GBF, etc. Based on the survey, the top ten manufacturers were estimated to account for 76.37% volume market share in 2015.
Basalt fibers are made up of two components: the basalts and the wetting agent. There are main two types of the basalt fiber: basalt chopped fiber, basalt continuous fiber, and basalt chopped fiber is about 69.10% of the global basalt fibers. Globally, in 2015, 56.71% of basalt fiber was consumed in Road & building Construction, while 7.05% and 24.28% were respectively consumed in automotive industryas well as military industrial.
In consumption market, the global sales value increases with the 7-8% average growth rate. China, Russia and North America are the mainly consumption regions due to the bigger demand of downstream applications. In 2015, the China was approximately hold 45.71% consumption market share.
According to this study, over the next five years the Basalt Fiber market will register a 7.6% CAGR in terms of revenue, the global market size will reach US$ 68 million by 2024, from US$ 44 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Basalt Fiber business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Basalt Fiber market by product type, application, key manufacturers and key regions and countries.
This study considers the Basalt Fiber value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Basalt Chopped Fiber
Basalt Continuous Fiber
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Road & Building Construction
Automotive Industry
Military Industrial
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Kamenny Vek
Technobasalt-Invest
Sudaglass
Mafic
Zaomineral
Aerospace Tuoxin
Shanxi Basalt Fiber
GMV
Jiangsu Tianlong
Tongxin
Jilin Jiuxin
Zhejiang GBF
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Basalt Fiber consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Basalt Fiber market by identifying its various subsegments.
Focuses on the key global Basalt Fiber manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Basalt Fiber with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Basalt Fiber submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Basalt Fiber . Industry analysis & Market Report on Basalt Fiber is a syndicated market report, published as Global Basalt Fiber Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Basalt Fiber market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.