Basalt Fiber Market Size, Top Trends in 2020 - Global Industry Revenue, Forecast to 2026
The global basalt fiber market is expected to reach USD 447.6 Million by 2026, according to a new report by Reports and Data. Basalt, a kind of igneous rock, is formed by the fast cooling of lava at the surface of the earth.
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Further key findings from the report suggest
- The Asia Pacific is forecasted to be the fastest-growing region in the market attributed to the presence of a large number of market players and increasing production capacity. Growing awareness pertaining to sustainable living and environment-friendly materials in infrastructure, aerospace, and other industries is projected to drive the market demand in the region.
- Key participants include Kamenney VEK, Zhejiang GFB Basalt Fiber Co., Mafic SA, Technobasalt-Invest LLC, Russian Basalt, ISOMATEX S.A., INCOTELOGY GmbH, Sudaglass Basalt Fiber Technology, Shanxi Basalt Fiber Technology Co. Ltd., and Mudanjiang Jinshi Basalt Fiber Co. Ltd, among others.
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For the purpose of this report, Reports and Data have segmented the global basalt fiber market on the basis of product type, form, usage type, application, and region:
Product Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Fabric
- Roving
- Chopped Strands
- Mesh & Grids
- Others
Form Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Continuous
- Discrete
Usage Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Composite
- Non-Composite
Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Construction
- Automotive
- Aerospace & Defense
- Electrical & Electronics
- Chemical
- Marine
- Others
Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/basalt-fiber-market
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