Basalt Fiber Market - Forecast (2022 - 2027) - PowerPoint PPT Presentation

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Basalt Fiber Market - Forecast (2022 - 2027)

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Basalt Fiber Market size is forecast to reach $429 million by 2025, after growing at a CAGR of 11.2% during 2020-2025. Basalt fiber is gaining popularity owing to its excellent properties, such as thermal and cold resistance, tensile strength, and chemical resistance to corrosion compared to Fiberglass and other FRP products. – PowerPoint PPT presentation

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Title: Basalt Fiber Market - Forecast (2022 - 2027)


1
Basalt Fiber Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report (2022 - 2027)
Contact Venkat Reddy sales_at_industryarc.com
(1) 970-236-3677
2
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  • Basalt Fiber Market size is forecast to
    reach 429 million by 2025, after growing at
    a CAGR of 11.2 during 2020-2025.
  • Basalt fiber is gaining popularity owing to its
    excellent properties, such as thermal and cold
    resistance, tensile strength, and chemical
    resistance to corrosion compared to Fiberglass
    and other FRP products.
  • It is also environmentally friendly and easily
    recyclable. Low energy consumption, low cost of
    basalt, and associated process equipment, high
    durability and resulting fiber strength,
    increased demand for high chemical-resistant
    fibers are driving the market growth of basalt
    fiber.

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3

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Key Takeaways
  • Asia Pacific dominates the basalt fiber market,
    owing to the increasing demand from the
    automotive transportation industries. According
    to OICA, the production of light commercial
    vehicles has augmented by 10.2 in 2018 in the
    APAC region.
  • Increased use of basalt fiber in nuclear
    applications is likely to increase the demand for
    basalt fiber. Basalt fiber does not absorb
    nuclear radiation. This makes it suitable for use
    in the processing and transport of radioactive
    materials used in nuclear power plants. Thus, the
    demand for basalt fiber in nuclear applications
    is high.

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4
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  • By Distribution Channel- Segment Analysis
  • The construction infrastructure segment held
    the largest share in the basalt fiber market in
    2019 and is growing at a CAGR of 11.6 during the
    forecast period, owning to increased application
    of basalt fiber in the construction
    infrastructure segment due to its high strength,
    non-corrosive properties, environmentally
    friendly properties, good compatibility with
    concrete, and easy mixing at high concentration.
  • Basalt fiber provides higher mechanical strength
    that is required for construction in extreme
    conditions.

Inquiry Before Buying
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5
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  • Basalt Fiber Market Industry Outlook 
  • Basaltex NV,
  • Sudaglass Fiber Technology Inc.,
  • Kamenny Vek, Zhejiang GBF Basalt Fiber Co., Ltd,
  • Technobasalt Invest LLC,
  • Shanxi Basalt Fiber Technology Co., Ltd,
  • JiangSu TianLong Continuous Basalt Fiber
    High-tech Co., Ltd.,
  • Jiangsu Green Materials Vally New Material TD
    Co., Ltd,
  • Mafic SA,
  • and Mineral 7 CJSC, among others.   

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Email sales_at_industryarc.com
6
Download PDF Brochure
Basalt Fiber Market - Forecast(2022 -
2027) Learn More About the Report
_at_ https//www.industryarc.com/Report/15111/basalt
-fiber-market.html
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Email sales_at_industryarc.com
7
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  • You Can Customize the Report as Per Your Need.
    We have included Some Customization Options
  • Company Profile
  • Analyst Briefing
  • Data Tables
  • Key Contacts
  • Free Customization
  • Purchase Full Report _at_
  • https//www.industryarc.com/purchasereport.php?id
    15111

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8
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
Inquiry Before Buying
Email sales_at_industryarc.com
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