Global Basalt Fibers Market Investigation & Industry Evolution till 2026

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Rockville, US, 2018-Nov-30 — /EPR Network/ — With the increasing use of light-weight composite material for the manufacture of automotive components and aircraft bodies, demand for basalt fibers continues to remain high. Basalt fibers are made by melting the crushed basalt rock in a furnace. This production process is an environment-friendly process without the production of any harmful infrared radiations. Basalt fibers have been widely used as an alternative for conventionally used steel and other fiber reinforcements owing to the superior mechanical, thermal and other properties.

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The burden of regulations for the automotive manufacturers to reduce the vehicle weight has triggered the demand for basalt fibers by nearly 7% during the past four years, explains Fact.MR. The stringent regulations prevailing in the automotive industry regarding the reduction of vehicle weight to reduce emissions has positively impacted the demand for basalt fibers. Moreover, composites made of basalt fibers are being widely used in the aerospace industry for fuel efficiency. The additional properties of fire protection have led to a rise in the demand from the fire protection clothing segment.

Basalt Fibers as an Alternative to Steel Reinforcements Empowers its Market Growth

Basalt fibers have exhibited better mechanical strength, chemical and thermal resistance, insulation and other properties. There has been an increase in the use of basalt fibers as an alternative to steel reinforcements owing to a number of properties such as corrosion resistance and light-weight, which allows mounting without the use of lifting or any other specialized equipment. Basalt fibers also outperform e-glass fiber in composites used for construction. In all the forms i.e. roving, chopped strands, fabrics, etc. basalt fibers have witnessed higher breaking load capacity and better durability and stiffness.

In addition to these, basalt fibers are available at lower price and there has been a relative ease for raw material procurement. Owing to all the above mentioned benefits, there has been an expected upsurge in demand for basalt fibers over the forecast period.

Another major factor significantly driving the growth of global basalt fibers market is the increase in the use of light-weight composite materials in automotive industry. The stringent regulations, especially, in North America and Europe region regarding vehicle emissions has led the manufacturers to focus on reduction of weight of vehicle. Basalt fibers are used as composites for the manufacture of vehicle and aircraft bodies as well as components such as exhaust mufflers and brake pads amongst others.

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The growing government spending for infrastructural and industrial development has led to a rise in the demand for basalt fibers as reinforcement material for the construction of roads, pavements and bridges amongst others.

However, there are a few challenges with respect to the production of basalt fibers. For instance, the quality and exact chemical composition of the basalt rock required for the formation of basalt fibers is available at only specific locations in Eastern Europe. Therefore, though the raw material is available at cheap cost, it has to be imported. Moreover, the initial set up and equipment cost are quite high and require capital investment, thus posing a major challenge for the manufacturers.

The manufacturers are focusing on developing an alternative low-cost technologies for the production of basalt fibers. As a result, new production plants are projected to come online in the coming years.Ho

To remain at the forefront of the competition, leading market players in the Basalt fibers market are focusing on long-term partnerships with composites manufacturers, and expanding their regional market footprint. The report highlights some of the leading companies operating in the global basalt fibers market such as TECHNOBASALT-INVEST LLC, Sudaglass Fiber Technology, Kamenny Vek, Zhejiang GBF Basalt fibers Co., Ltd (GBF), Mafic SA, JiangSu Tianlong Continuous Basalt fibers Co.Ltd, Shanxi Basalt Fibre Technology Co., Ltd, Isomatex SA.

Table of Content:

  1. Executive Summary
    A gist of the report, highlighting the key takeaways
    1.1. Market Overview
    1.2. Market Analysis
    1.3. PMR Analysis and Recommendations
    1.4. Wheel of Fortune
  2. Market Introduction
    A definition of Basalt Fibers and related market taxonomy
    2.1. Market Taxonomy
    2.2. Market Definition
  3. Basalt Fibers Industry Structure
    Tracking the market scenario, with key inferences drawn from historical data, current trends, and future prospects
    3.1. Macro-Economic Factors
    3.2. Opportunity Analysis
    3.3. Global Economic Outlook
    3.4. Global Supply demand Scenario
    3.4.1. Production Capacity Analysis
    3.4.2. Key Importers and Exporters
    3.4.3. Supply and Demand Scenario
  4. Market Dynamics
    4.1. Drivers
    4.2. Restraints
    4.3. Trends
    4.4. Forecast Factors: Relevance and Impact

Continued……………..

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