Basalt fiber Market statistics and research analysis released in latest report

1
Advanced Ceramics Market research report by 2016
to 2024
Basalt fiber Market is anticipated to witness a
significant growth owing to increasing product
demand from automotive, marine, building
construction, and electronics industries.
Increasing application as a substitute for
reinforced composites will propel product demand.
They are made of tremendously fine fibres of
basalt, including the minerals plagioclase,
pyroxene and olivine.Improved physical and
mechanical properties and cost are key factors
driving product demand.
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• Overview

• Increasing penetration of Basalt fiber reinforced
  polymer (BFRP) bars as a substitute to steel
  reinforcement for the concrete structures and as
  exterior support for retrofitting of various
  concrete structures will propel industry size.
  Factors such as growing threat of substitutes,
  availability of raw material, and a restricted
  number of suppliers are likely to hamper industry
  growth.
• Basalt fiber market is segmented as continuous
  and discrete. Continuous are expected to witness
  substantial upsurge due to environment-friendly
  nature and efficiency. Higher strength offered by
  continuous basalt compared to steel enhance its
  use for construction purposes driving the overall
  market. Resistance to ultraviolet rays and
  electromagnetic radiations make them preferable
  for embankment and soil stabilization. Raw
  material development, technology innovations, and
  innovative techniques are projected to expose new
  industry opportunities for the industry.
• The industry faces intensive competition from the
  carbon fiber industry and glass fiber industry,
  as these products perform similar applications.

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Browse Report Summary_at_ http//bit.ly/2FmpK3m

• North America and Europe are expected to dominate
  the overall market over the projected timeframe.
  The U.S., Germany and Russia are expected to be
  major basalt consumers. Middle East is projected
  to observe significant growth owing to the
  increasing construction sector in the region.
  Rising government spending in numerous countries
  including Mexico, Saudi Arabia and BRICS is
  anticipated to fuel the demand for the industry.
• Asia-Pacific region is expected to enhance
  industry demand owing to the presence of number
  of domestic players in the vertical industry
  segment including construction and automotive.
  Drastic progress in the automotive industry
  particularly in the developing economies such as
  China, India, and Brazil are predicted to result
  in the regional growth. Also, rising population,
  increasing urbanization and the support from
  government is another factor creating positive
  outlook for industry growth.

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• 360 Analysis

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• Growing demand from automotive and construction
  segment is expected to propel basalt fiber
  industry demand for these applications. Upsurging
  demand from the industrial and civil construction
  and automobile sector is driving the industry
  growth. Growing demand for tire and tires
  adhesives, high-performance sealing products, and
  swift growth of the automotive industry will
  support the growth of industry.
• Basalt fiber market is segmented as continuous
  and discrete. Continuous are expected to witness
  substantial upsurge due to environment-friendly
  nature and efficiency. Higher strength offered by
  continuous basalt compared to steel enhance its
  use for construction purposes driving the overall
  market.
• Resistance to ultraviolet rays and
  electromagnetic radiations make them preferable
  for embankment and soil stabilization. Raw
  material development, technology innovations, and
  innovative techniques are projected to expose new
  industry opportunities for the industry.

_at_ 2017 Global Market Insight, Inc. USA. All
Rights Reserved www.gminsights.com
5
Competitive Trends

• The notable industries Basalt fiber are
• GMV, Galen,
• Mafic SA,
• Zhejiang GBF,
• Sudaglass Technology,
• Company Mineral 7,
• KamennyVek,
• Shanxi Technology,
• Jiangsu Green Materials Vally New Material TD
  ISOMATEX,
• Hebei Tong-Hui Technology, and Mudanjiang Jinshi

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