Los Angeles, CA -- (SBWire) -- 03/28/2019 --This study focuses on the production side and consumption side of Basalt Fiber, presents the global Basalt Fiber market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Basalt Fiber capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Basalt Fiber by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
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 Basalt Fiber market was valued at 44 Million US$ in 2017 and is projected to reach 78 Million US$ by 2025, at a CAGR of 7.5% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Basalt Fiber.
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This report includes the following manufacturers; we can also add the other companies as you want.
Kamenny Vek
Technobasalt-Invest
Sudaglass
Mafic
Zaomineral
Aerospace Tuoxin
Shanxi Basalt Fiber
GMV
Jiangsu Tianlong
Tongxin
Jilin Jiuxin
Zhejiang GBF
Market Segment by Product Type
Basalt Chopped Fiber
Basalt Continuous Fiber
Market Segment by Application
Road & Building Construction
Automotive Industry
Military Industrial Market by Region
North America, Asia-Pacific, Europe, Central & South America, Middle East & Africa.
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Basalt Fiber Market Analysis & Forecast 2019 :Kamenny Vek,Technobasalt-Invest,Sudaglass