The global basalt fiber market size is expected to gain momentum backed by the growing environmental concerns and the increasing demand for thermal insulation products that is likely to propel the demand for advanced basalt fiber globally. This information is published by Fortune Business Insights in its latest report, titled, “Basalt Fiber Market Size, Share & Industry Analysis, By Type (Composites, Non-Composites), By End-Use Industry (Building & construction Automotive, Aerospace & defence, Energy generation, Insulation & thermoacoustic, Others) Others and Regional Forecast, 2021-2028.”

COVID-19 has resulted in several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies globally, several manufacturing facilities have been at a standstill with limited operational activities. However, a collective effort from the government and the industries to bring the economy back is expected to boost the market growth during the forecast period.

Request PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/basalt-fiber-market-102317

 

Fortune Business Insights™ lists out a few of the renowned companies present in the basalt fiber market. They are as follows: 

  • Kamenny Vek
  • Hengdian Group
  • ISOMATEX
  • BASALTEX NV
  • Mafic USA
  • Shanxi Yaxin Group
  • Jiangsu Green Materials Vally New Material T&D Co
  • Sudaglass Fiber Technology
  • Others

Basalt fiber is a type of material that is manufactured from the minute fibers of basalt rock that consists of pyroxene, plagioclase, and olivine minerals. While being electrically non-conductive, they are also low water absorbents that makes them an ideal choice across several industrial applications such as automotive, construction, etc.

 

Our Sample Report Includes:

  • 2021 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • Provide Chapter-wise guidance on Request
  • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of table & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

 

What does the Report Provide?

The market report provides an in-depth analysis of several factors such as the key drivers and restraints that will impact growth. The report further provides insights into the regional analysis covering different regions, contributing to the market growth. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point analysis to obtain information about the current trends and industry developments that will drive the market growth between 2019 and 2026.

 

DRIVING FACTORS

Growing Environmental Concerns to Propel Market Growth

According to the Environmental Pollution Centers, chemical pollution leads to several diseases such as high risk of cancer and disturbances of nervous, hormone, and reproductive system among humans. Therefore, several industries are focusing on adopting eco-friendly materials for the production processes. This is likely to propel the demand for advanced basalt fiber that does not produce any chemical reaction when it comes in contact with other chemicals. Moreover, the growing demand for optimum thermal insulation to reduce energy consumption by preventing the loss and gain of heat across buildings in the construction sector is expected to boost the global basalt fiber market growth during the forecast period.

 

REGIONAL INSIGHTS

Increasing Demand for Product from Automotive & Transportation Sector in Asia-Pacific to Aid Growth

Among all the regions, Asia-Pacific is expected to remain at the forefront and hold the highest position in the global basalt fiber market in the forthcoming years. This is attributable to the increasing demand for basalt fiber in the automotive and transportation industry due to its superior thermal, acoustic, and electric properties in the region between 2019 and 2026.

The market in North America is expected to showcase considerable growth during the forecast period. This is ascribable to factors such as the growing demand for eco-friendly materials in the building and construction sector in the region.

 

Segmentation:

By Type

  • Composites
  • Non-Composites

By End-Use Industry

  • Building & construction Automotive
  • Aerospace & defence
  • Energy generation
  • Insulation & thermoacoustic
  • Others

By Geography

  • North America (USA, Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/basalt-fiber-market-102317

 

Fortune Business Insights™ helps you identify track and stay ahead of your competition through our competitor research studies, our services include:

  • SWOT Analysis
  • Competitor Monitoring
  • Observational Research
  • Competitor Intelligence
  • Competitors Profiling

 

Key Questions Answered:

  • What are the key demands and trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the market growth?
  • Why Choose Fortune Business Insights?

 

COMPETITIVE LANDSCAPE

Major Companies Focus on Partnership to Brighten Their Market Prospects

The global market for basalt fiber is fragmented by the presence of major companies focusing on partnering other companies to expand their product portfolio. Moreover, the adoption of strategies such as merger and acquisition, the introduction of new products, and facility expansion by other key players is expected to boost the market growth in the forthcoming years.

 

Industry Development:

  • August 2020: Mafic USA announced its partnership with The Materials Group (TMG) to increase the adoption of advanced basalt fiber injected into molded thermoplastics across the automotive sector. The partnership aims at promoting the unique mechanical properties attained by the product.

 

View Related Reports:

https://www.ktvn.com/story/44415738/nanocrystal-market-to-undergo-steady-expansion-increasing-demand-for-bio-based-materials-in-industrial-applications-to-boost-the-market-fortune

https://www.ktvn.com/story/44415846/nanoporous-market-to-thrive-rapidly-in-forthcoming-years-rising-technological-advancements-in-chemical-and-biomedical-sectors-to-augment-market

https://www.ktvn.com/story/44416108/nickel-foam-market-to-witness-dynamic-growth-spurt-rising-rampd-for-fuel-cell-production-to-bolster-market-growth-says-fortune-business-insightstrade

https://www.ktvn.com/story/44416222/nickel-oxide-target-market-to-gather-traction-surging-demand-for-the-product-in-industrial-sector-to-propel-growth-fortune-business-insightstrade

https://www.ktvn.com/story/44416423/niobium-oxide-market-to-gain-prominence-surging-demand-for-the-chemical-in-electronic-industry-to-promote-growth-fortune-business-insightstrade

https://www.ktvn.com/story/44416617/insulated-jacket-market-to-gather-traction-increasing-interest-in-winter-sports-activities-to-propel-the-growth-of-the-market-fortune-business

https://www.ktvn.com/story/44416905/boats-market-to-rise-substantially-increasing-interest-in-boat-based-adventures-in-developed-nations-to-boost-the-market-fortune-business

https://www.ktvn.com/story/44417135/coffee-machines-market-to-showcase-speedy-progress-high-popularity-of-coffee-in-office-spaces-worldwide-to-ensure-lasting-market-growth-fortune

 

 

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

 

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

 

Connect us via Social Media Channels:

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd

 

By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

Leave a Reply

Your email address will not be published. Required fields are marked *