Global Continuous Basalt Fiber Market- Industry Analysis and Forecast (2020-2027)
Global Continuous Basalt Fiber Market was valued US$ X.129 Bn 2019 and is expected to reach US$ 6.45 Bn by 2027, at a CAGR of 18.27% during a forecast period.
The main focus of continuous basalt fiber is to provide good quality performance in a cost effective manner, widely utilised in sound-proof, quality of thermal, and filtering materials. Basalt Fiber & Composite Materials Technology Development Co., Ltd is a china based research-and-production company, which specializes in development of technologies and manufacturing of equipment, organization of industrial production. price of fiberglass chopper gun roving for truck body is US$ 0.9 to 0.95 per kg. Global market was valued US$ X.129 Bn 2019 and is expected to reach US$ 6.45 Bn by 2027, at a CAGR of 18.27% during a forecast period.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Continuous basalt fiber has a set of improved features that differentiates it from other fibers used in industry. Continuous Basalt Fiber are preferably used for the manufacturing of various advanced product like Reinforced Mesh, Non-woven Material, Fabric and tape is expected to drive the market growth with highest demand for manufacturing of products. The demand for continuous basalt fiber is driven mainly on account of its superior physical properties above traditional substitutes like steel and glass fiber. Furthermore, wind turbines including blades and other various sectors utilise Continuous basalt fibers for the production of end products. Thus growing energy disaster tied with government policies to regulate the use of wind energy is expected to emerge as a major growth opportunity for the industry.
Moreover, high technological cost of continuous basalt fibers has hinder the market growth. On the other hand, lack of raw material availability is another factor to drop down the market growth during the forecast period.
Continuous Basalt Fiber Market Segment analysis
By Application, Building and Construction sector is expected to dominate the market during the forecast year and was valued at US$ XX Bn in the year of 2019. The development of modern technology in the building and construction materials that have a low bulk density, high strength characteristics, high filtering and absorbing capabilities, and are able to withstand thermal loads, influence the continuous basal fiber market to grow. Other noticeable factors like more construction projects led to more high demand for the advanced basalt fiber which is attracting the vendors to invest in the continuous basalt fiber market.
New generation BCF-G and BCF-GМ series of process equipment for the production of basalt continuous fiber (BCF). specialists developed equipment for the BCF production of a new generation BCF-G, BCF-GM series with distinctive features of the new series of installations (BCF -1G, BCF-1GM, BCF-2G, BCF-2GM) are reduction of energy consumption: natural gas and electricity, and increase of productivity.
Technology Development in Basalt Continuous Fiber production:
Manufacturers of fiber and composite materials have already shown an interest in basalt continuous fiber (BCF). More importantly, consumers do have a great interest in this material.
• BCF possesses some advantages over glass fiber, including its strength, chemical stability and temperature of application
• Wide availability and low cost of basalt, which is an initial raw material for BCF production
• Production is carried out with application of one- phase technology
• Development of technology and equipment for BCF production during recent years allowed achieving the cost of production as low as the cost of production of E-fiber glass.
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Continuous Basalt Fiber Market Regional analysis:
Regionally, North America is anticipated to witness the fastest market growth during the forecast period expanding at a CAGR of XX% over the forecast period. Development in industrialization in this region, expected to show the fastest growth rate. Development in industries like food and pharmaceuticals are driving the growth of the multi-Layer blown film market in the North America region. Besides, high spending on sports and defence equipment is expected to push market growth in the region during the forecast period.
The objective of the report is to present a comprehensive analysis of the Global Continuous Basalt Fiber Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Continuous Basalt Fiber Market dynamics, structure by analysing the market segments and project the Global Continuous Basalt Fiber Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Continuous Basalt Fiber Market make the report investor’s guide.
Scope of Continuous Basalt Fiber Market
Global Continuous Basalt Fiber market, By Rove Type
Global Continuous Basalt Fiber market, By Product
Global Continuous Basalt Fiber market, By Usage Type
Global Continuous Basalt Fiber market, By Application
• Building and Construction
Global Continuous Basalt Fiber Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Continuous Basalt Fiber Market,
• Shanxi Basalt Fiber Technology Co., Ltd
• JiangSu TianLong Continuous Basalt Fiber High-tech Co., Ltd
• Sudaglass Fiber Technology Inc
• Zhejiang GBF Basalt Fiber Co., Ltd
• Technobasalt Invest LLC
• Jiangsu Green Materials Vally New Material T&D Co., Ltd,
• Kamenny Vek
• Basaltex NV
• Mafic SA
• Mineral 7 CJSC
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