This report provides exclusive insights into the COVID-19 impact on the Basalt Fiber Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Basalt Fiber Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Basalt Fiber Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on basalt fiber market provides in-depth analysis of
segments and sub-segments in the global as well as regional basalt fiber
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional basalt fiber market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global basalt fiber market. According to the
report, the global basalt fiber market is projected to grow at a CAGR of 9.8%
over the forecast period of 2019-2025.
Basalt fiber is a good quality
fiber material, made from best fibers of basalt. It has the same chemical
composition as fiberglass but has better strength quality as compared to the
fiberglass. It is a good resistant to acidic, alkaline and salt attack, which
facilitates its application for concrete, bridge and shoreline structures. It
has wider application temperature range -452° F to 1,200° F, higher radiation
resistance, higher oxidation resistance, higher shear strength, and higher
compression strength owing to these properties it has wider applications in
infrastructure, construction, automotive, transportation, electronic and
The growing application of basalt
fiber in the construction and infrastructure sector is helping to grow the
demand for basalt fiber market around the world. Owing to its high strength and the non-corrosive property its application in the construction and infrastructure
industry is growing rapidly in developed and developing countries.
Additionally, it's other beneficial qualities such as the environment-friendly
product, good mixing capability with concrete is making it most favored the raw
material ingredient for construction and infrastructure industry. Further, the
growing application of basalt fiber in the automotive industry is helping to
boost the demand of the basalt fiber products in the developing countries as
India, China. Owing to its unique and amazing resisting power for varying
degree of temperature, good resisting power from different chemical material,
high mechanical strength, and durability its demand is growing in wind energy,
automotive, electronics and electrical, and other industries.
The Asia-Pacific market is the
leading market of basalt fiber, owing to the growing demand of the basalt fiber
in numerous sector as automotive, wind energy, electrical and electronics and
construction and infrastructure industry. China is the leading market in the
Asia-Pacific region. Additionally, the new technology developed in China, which
is more focused on the manufacturing of low-cost continuous basalt fiber is
expected to catalyze the demand of the basalt fiber in the world. North America
is the second largest market after Asia-Pacific, owing to the growing demand
for basalt fiber for the construction & infrastructure, and automotive
The report on global basalt fiber
market covers segments such as form, end-use industry, and usage. On the basis
of form, the sub-markets include continuous and discrete. On the basis of
end-use industry, the sub-markets include construction and infrastructure,
automotive and transportation, electrical and electronics, marine, and other End-use Industry. On
the basis of usage, the sub-markets include composites and non-composites.
The report provides profiles of
the companies in the market such as Basalt Technology UK Limited., Shanxi
Basalt Fiber Technology Co., Ltd, Sudaglass Fiber Technology, INCOTELOGY GmbH,
Isomatex, Basalt Projects Company, TECHNO BASALT-INVEST LLC, MAFIC, Zhejiang
GBF Basalt Fiber Co., Ltd, and Kamenny Vek.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of basalt fiber market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.