Basalt Fiber Market Size, Top Trends in 2020 - Global Industry Revenue, Forecast to 2026

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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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