Global Basalt Fiber Market Anticipated to be Valued at US$ (‘000) 62,568.1 by the End of 2018

Posted on 2019-07-03 by Mark Hub in Internet & Online // 0 Comments

Rockville, USA, 2019-Jul-03 — /EPR Network/ — In its report titled “Basalt Fiber Market: Forecast, Trend Analysis and Competition Tracking, 2018–2026” Fact.MR offers detailed insights on the global basalt fiber market over the forecast period, 2018 – 2026 along with the historical data for the period, 2013-2017. Valuable insights
compiled in the report offers crucial information pertaining to the factors encouraging the growth of the global basalt fibers, leading segments, untapped opportunities for manufacturers, trends, and various market developments.

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 fiers 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.

Request Free Sample Report Here:

https://www.factmr.com/connectus/sample?flag=S&rep_id=1312

Attributed to superior properties as compared to other glass and carbon fiber and steel reinforcements, there has been a constant rise in the demand for basalt fibers. Only 1/10^th of basalt fibers is required as a reinforcing material to obtain the same strength as steel. Basalt fibers also exhibit good mechanical strength, chemical and thermal resistance, and are also economically priced as compared to carbon fibers.

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.

On the basis of end-use industry, sales of the basalt fibers are likely to remain concentrated for the building and construction industry where it is widely used as a replacement to the conventional steel and other carbon and fiber-based reinforcements. Automotive and aerospace segments in the basalt fibers market are also projected to expand significantly over the forecast period.

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.

Have Any Query?? Ask Our Industry Expert:

https://www.factmr.com/connectus/sample?flag=AE&rep_id=1312

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Matched content

Editor’s pick