The market for other application segment was valued at USD 5.4 million in 2012 and is expected to grow at a CAGR of 11.1% between 2013 and 2019.
Albany, NY -- (SBWIRE) -- 11/18/2015 -- Continuous basalt fibers are fibers manufactured by melting basalt rocks at high temperatures and processing them according to the needs of the end user industry. Abundantly available basalt rock is the only raw material required for the production of these fibers. Continuous basalt fibers have similar physical characteristics as glass fibers; however, these possess higher strength and are chemically inert to acids, alkalis and salts.
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This report comprises in-depth analysis and forecast of the continuous basalt fibers market on a global as well as regional level. The report includes forecast for the period from 2013 to 2019 in terms of volume (tons) and revenue (USD Million) for the regional and global markets. Quantitative data has been derived through extensive secondary research of the global continuous basalt fibers market. Secondary sources typically include company websites, relevant magazines, government documents and press releases among other reliable sources. A top down approach was followed to derive the regional numbers from global figures. Furthermore, bottom up approach was employed to derive data for various application segment based on the demand for continuous basalt fibers in each geographic segment. Combination of top down and bottom up approach helps in validation of the quantitative data of the market. The data was further validated with the help of primary research with industry experts to ensure the accuracy of derived numbers.
Detailed analysis of various factors driving the global continuous basalt fibers market has been included for astute decision making. The impact of these drivers over the forecast period has been included with data to substantiate the research findings. Moreover, the factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the forecast period. The report also comprises various opportunities available for market growth over the period of next six years. Opportunities comprise the untapped or recently explored factors that are anticipated to offer growth opportunities for the continuous basalt fibers market during the forecast period.
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This report includes value chain analysis to understand the industry thoroughly. The value chain analysis comprises detailed evaluation of the roles of various entities involved in the continuous basalt fiber industry. Role of each entity from raw material suppliers to the end-user industry has been analyzed. A description of processes used for manufacturing of continuous basalt fiber also has been included in the value chain analysis. Porter's five forces model has been used to determine the degree of competition in the industry during the forecast period. Furthermore, a market attractiveness analysis has been done to analyze the application segments that are expected to be lucrative during the forecast period on the basis of various factors including market size, growth rate, profitability, raw material procurement and competition in each application segment.
The continuous basalt fibers market has been segmented on the basis of end users, which include transportation, molded materials, electronics, building & construction and others. Detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends of the industry in terms of volume (tons) and revenue (USD million) has been included in the report. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Demand for continuous basalt fibers has been analyzed and forecast for a period of six years.
The report also covers profiles of leading companies in the continuous basalt fibers industry. Companies profiled in the report include Kamenny Vek, Technobasalt Invest LLC, Sudaglass and Basaltex NV. Various attributes of these companies such as company overview, SWOT analysis, business strategies and recent developments form the core of the company profiles section.
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