The global Basalt Fiber Market size will grow
exponentially during 2019-2026. This report offers an analysis of the market
based on the product, end-user, distribution channel and geography (the Americas, APAC, and EMEA). The Basalt
Fiber Market research report further analyzes the market’s competitive
landscape and offers information on several companies. The global basalt fiber market is subject to witness a substantial growth
at a CAGR of 10.69% due to the increasing demand from various end-user
industries across Asia Pacific region.
Basalt Fiber Market report provides in-depth insight of the Basalt
Fiber industry masking all vital parameters along with Drivers, Market Trends, Market Dynamics, Opportunities, Competitive
Landscape, New Challenge Feasibility Evaluation, Basalt Fiber market Share
via Region, Analysis and Guidelines on New mission Investment.
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High-end demand for basalt fiber in various end-user
industries is attributed to superior properties of basalt fibers such as
lightweight, compact size, high thermal conductivity, thermal shock resistance,
resistance to chemical and adverse atmospheric conditions. These factors are
expected to boost market demand for basalt fiber over the forecast period.
Globally, the basalt fiber market is predicted to generate massive revenue over
next seven years, providing numerous opportunities for market players to invest
for research and development in the basalt fiber market.
Numerous governmental initiatives promoting use of the
basalt fiber rather expensive glass and carbon fibers are estimated to boost
market demand for basalt fiber in the near future. Additionally, stringent
governmental laws and regulation prevalent in the respective regions in regards
to the environmental impact of carbon fibers are positively affecting market
growth of basalt fibers over the last few years. However, regulations such as
anti-dumping duties on the large-scale import of basalt fiber and raw materials
are hampering market performance to a certain extent.
The key players in the basalt fiber market are GMV
Innovating Solutions, Inc., Mafic S.A., Basaltex Co., Sudaglass Fiber
Technology, Inc., Zhejiang GBF Basalt Fiber Co., Ltd., Shanxi Basalt Fiber
Technology Co., KamennyVek Co., Jiang Su Tian Long Continuous Basalt Fiber
High-Tech Co., Ltd., and Mineral Co.
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