New York, NY -- (SBWIRE) -- 03/03/2021 -- Increasing demand for basalt fiber for its superior properties over other materials is estimated to stimulate market demand.

Market Size – USD 196.0 Million in 2018, Market Growth - CAGR of 10.7%, Market Trends –Surging growth in automotive sales in developing economies

The global basalt fiber market is expected to reach USD 447.6 Million by 2026, according to a new report by Reports and Data. Basalt, a kind of igneous rock, is formed by the fast cooling of lava at the surface of the earth. It is the most commonly found rock in the Earth's crust and basalt deposits with uniform chemical makeup form high-quality basalt fibers. Increasing demand for basalt fibers across various end-use industries such as construction, automotive, aerospace & defense, and electronics is estimated to drive market growth. Growing environmental concerns have initiated a paradigm swing to material compatible with the environment among manufacturers. Moreover, aspects including low cost, high mechanical & chemical strength are expected to fuel the product penetration rate. Surging demand for naturally derived fibers over synthetically produced is anticipated to create new growth opportunities for industry participants.

The report systematically segments the market to provide a more in-depth understanding of the market's distinctive aspects. Besides inspecting the financial positions of the leading companies in this industry, the report carefully evaluates the gross profits, revenue shares, sales volume, manufacturing costs, individual growth rate, and numerous other financial ratios of these market players. Reports and Data's expert team of researchers have vividly pictured the global market scope over the projected timeline and analyzed the growth prospects of the new market entrants leveraging a set of advanced analytical tools, including the SWOT analysis, Porter's Five Forces Analysis, and investment assessment.

Get the sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/1698

Some of the players profiled in the report are Kamenney VEK, Zhejiang GFB Basalt Fiber Co., Mafic SA, Technobasalt-Invest LLC, Russian Basalt, ISOMATEX S.A., INCOTELOGY GmbH, Sudaglass Basalt Fiber Technology, Shanxi Basalt Fiber Technology Co. Ltd., and Mudanjiang Jinshi Basalt Fiber Co. Ltd, among others.

The Global Basalt Fiber Market is segmented as follows:

Product Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Fabric
Roving
Chopped Strands
Mesh & Grids
Others

Form Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Continuous
Discrete

Usage Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Composite
Non-Composite

Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Construction
Automotive
Aerospace & Defense
Electrical & Electronics
Chemical
Marine
Others

Access complete report description, toc, chart, etc.@ https://www.reportsanddata.com/report-detail/basalt-fiber-market

Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further key findings from the report suggest

- By product form, roving is likely to grow at a significant rate in the forecast period. It is a bundle of continuous mono-directional complex basalt fibers which possesses resistance to aggressive environments, high natural strength, long service life, and excellent electric insulating properties. By its technical characteristics, basalt roving exceeds S-glass and E-glass by many parameters.
- Continuous basalt fibers are projected to witness a higher growth rate of 11.1% in the forecast period. Continuous basalt fiber is extensively used in the construction and composites industry. The combination of high mechanical properties, resistance to harsh media, and high temperatures, makes the basalt fiber a suitable alternative for fibrous materials and metal.
- The Asia Pacific is forecasted to be the fastest-growing region in the market attributed to the presence of a large number of market players and increasing production capacity. Growing awareness pertaining to sustainable living and environment-friendly materials in infrastructure, aerospace, and other industries is projected to drive the market demand in the region.

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/1698

Global Basalt Fiber Market: Table of Contents

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Basalt Fiber Segmentation & Impact Analysis
    4.1. Basalt Fiber Material Segmentation Analysis
    4.2. Industrial Outlook
         4.2.1. Market indicators analysis
         4.2.2. Market drivers analysis
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter's Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis

Continue….

Thank you for reading our report. To inquire about customization or any queries about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.

Have a Look at Related Reports:

Photocatalyst Market Size

Photocatalyst Market Share

Photocatalyst Market Trends

Photocatalyst Market Growth

Photocatalyst Market Analysis

About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com