Key Players in Focus and strategic insights

(PRUnderground) December 12th, 2023

The basalt fiber market size is expected to grow by USD 290.57 million from 2023 to 2028. In addition, the growth momentum of the market will progress at a CAGR of 13.13% during the forecast period, according to Technavio. An increase in renewable energy projects is notably driving the basalt fiber market. However, factors such as poor availability of raw materials may impede market growth. The market is segmented by Application (Composites and Non-composites), End-user (Construction and infrastructure, Automotive and transportation, Wind energy, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the basalt fiber market including  Basalt Engineering LLC, Basalt Fiber and Composite Materials Technology Development Co. Ltd., Basalt Fiber Tech, BasTech Inc., CF Composites, Chongqing Hesheng Longgang Technology Co. Ltd., Deutsche Basalt Faser GmbH, Fiberbas construction and building technologies, Final Advanced Materials Sarl, Galen LLC, HG GBF Basalt Fiber Co. Ltd., Jiangsu TianLong Continuous Basalt Fiber High tech Co. Ltd., Kamenny Vek, Lavaintel, MAFIC, Sichuan Jumeisheng New Material Technology Co. Ltd., Sudaglass Fiber Technology Inc., SWICOFIL AG, Technobasalt Invest LLC, and Kodiak Fiberglass Rebar. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report.

Basalt Fiber Market 2024-2028: Company Analysis

Basalt Engineering LLC – The company offers basalt fibers namely BASTECH.

This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information.

Basalt Fiber Market 2024-2028: Segmentation

Application

• The composites segment will be a significant contributor to market growth during the forecast period. Basalt fiber has various properties, such as chemical inertness, high-temperature resistance, environment-friendliness, and high tensile strength, which are beneficial in manufacturing composites for various molding applications. Basalt fiber-strengthened polymer composites are gradually replacing glass fiber-reinforced composites.
• End-user (Construction and infrastructure, Automotive and transportation, Wind energy, and Others).

Geography 

• APAC will contribute 46% to the growth of the global market during the forecast period. There is an increase in demand for residential houses, which, in turn, improves electrical and electronics consumption in several major countries in APAC, such as India and China. Furthermore, China is the leading producer of basalt fiber, exporting several products globally.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Basalt Fiber Market 2024-2028: Key Highlights

• Historic Market Size 2018-2022
• CAGR of the market during 2024-2028
• Detailed information on factors that will assist basalt fiber market growth during the next five years
• Estimation of the basalt fiber market size and its contribution to the parent market
• Forecasts on upcoming trends and changes in consumer behavior
• The growth of the basalt fiber market
• Analysis of the competitive landscape and detailed information on companies
• Comprehensive details of factors that will impede the growth of basalt fiber market companies

Related Reports:

The glass fiber reinforced plastic (GFRP) market size is expected to increase by USD 7.68 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.35%.

The carbon composites market is estimated to grow at a CAGR of 11.49% between 2022 and 2027. The size of the market is forecast to increase by 177.9 million t.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio Research

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Original Press Release.