"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Basalt fiber is a basalt rock product which is considered as an alternative to carbon fiber and glass fiber. It consists of pyroxene and such minerals as plagioclase and olivine. Basalt fiber has good thermal performance range, supeior electromagnetic properties, high tensile strength, high structural reliablity, mechanical properties, no toxicity and non-combustible. therefore non-combustible. Basalt fiber does not produce any chemical reactions in contact with other chemicals, which can be hazardous to the environment or human health.
Key Market Driver -
Strong applications of basalt fiber in construction materials tend to drive this market.
Key Market Restraint -
Limited number of suppliers and a price concern hamper the growth of the global market for basalt fiber.
The market for basalt fiber is driven by the strong demand from construction material. Basalt can be used in tubes, bars, pipes fittings, internal heat and sound insulation of floors, walls, frame frames, boiler shells, tanks, chimneys, fire protection systems etc. It has good hardness, high mechanical properties, resistance to corrosion, increased temperature tolerance and very good insulating properties and hence it is widely used in construction material.
However, the price of basalt-based fibers is higher than those made of E-glass, but less than S-glass, aramid, or carbon fiber, and as worldwide production increases, its production costs should be further reduced. Thus, the limited number of suppliers and price concerns hamper the growth of the global basalt fiber market.
Based on type, the market of basalt fiber is segmented into composites and non-composites. Based on the end-use industry, the market for basalt fiber is segmented into the building & construction, automotive, aerospace & defence, energy generation, insulation & thermoacoustic and others.
From a geographical standpoint, the basalt fiber market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global basalt fiber market is somewhat relatively fragmented, with a number of global & regional players operating. Some of the key players in the basalt fiber market include Kamenny Vek, Hengdian Group, ISOMATEX, BASALTEX NV, Mafic SA, Shanxi Yaxin group, Jiangsu Green Materials Vally New Material T&D Co, Sudaglass Fiber Technology and others.
To gain extensive insights into the market, Request for Customization
In terms of geography, the basalt fiber market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific has the world's largest market share of basalt fiber, due to the growing demand from industries such as automotive & transportation, and building & infrastructure.North America also holds a prominent share in the basalt fiber market, which is attributed to the increase in demand for basalt fiber in the building & construction industry. The demand for application in the automotive industry in Europe is a result of the significant growth in the global market for basalt fiber. Latin America and Middle East & Africa are expected to have a sluggish growth rate due to preference for substitutes.
By End-Use Industry
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry