Basalt Fiber Market (Updated Version Available)

The report offers detailed coverage of Basalt Fiber industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Basalt Fiber by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
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.

The report forecast global Basalt Fiber market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Basalt Fiber market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Kamenny Vek
Technobasalt-Invest
Sudaglass
Mafic
Zaomineral
Aerospace Tuoxin
Shanxi Basalt Fiber
GMV
Jiangsu Tianlong
Tongxin
Jilin Jiuxin
Zhejiang GBF


At the same time, we classify Basalt Fiber according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Basalt Chopped Fiber
Basalt Continuous Fiber
Market by Application
Road & Building Construction
Automotive Industry
Military Industrial
Others

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Basalt Fiber market for the forecast period 2021 - 2025?
• What are the driving forces in the Basalt Fiber market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Basalt Fiber industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?