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The Basalt Fiber Market Size, Scope, and Forecast 2024-2030 report has been added to the Market research collection of Exactitude Consultancy reports. Industry experts and researchers have offered an authoritative and concise analysis of the Basalt Fiber Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Basalt Fiber Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Basalt Fiber Market in the coming years.
The Basalt Fiber market is projected to grow from USD 232.96 million in 2024 to USD 462.71 million by 2030; it is expected to grow at a CAGR of 10.30% from 2024 to 2030.
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Some of the key players profiled in the study are : Kamenny Vek, MAFIC, Technobasalt-Invest, INCOTELOGY GmbH, Sudaglass Fiber, Permali Gloucester Ltd., GMV, Jilin Huayang Group Co., Ltd., ARMBAS, Arrow Technical Textiles Pvt. Ltd., JiLin Tongxin Basalt Technology Co., Ltd and other Prominent players.
Recent News:
30 April, 2021 : Kamenny Vek Introduced new products: direct roving 22-2400 and assembled roving 18-4800. The very popular product for many applications in composites industry is the roving 2400 tex, which is a standard product for most of fiberglass manufacturers. Despite the diameter of filaments of 22 microns, our basalt fiber 22-2400 is soft and has high mechanical properties. Basalt assembled roving 18 micron 4800 tex and basalt assembled roving 18 micron 3000 tex. These rovings have reduced catenary and high mechanical properties.
June 3, 2021 : Diamorph Group Holdings Limited (“Diamorph”) announced that it has signed a conditional agreement to acquire Permali Gloucester Limited (“Permali”), a Gloucester-based manufacturer of composites, predominately for the Defence sector. Diamorph is anticipating completion of the Permali acquisition within the coming months
Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Basalt Fiber Market. The major and emerging players of the Basalt Fiber Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Basalt Fiber market.
The segmental analysis section of the report includes a thorough research study on key type and application segments of the Basalt Fiber market
Basalt Fiber Market By Product Type, 2020-2030, (USD Million),(Kilotons)
Roving
Chopped Strands
Fabric
Mesh And Grids
Basalt Fiber Market By Usage Type, 2020-2030, (USD Million) ,(Kilotons)
Composites
Non-Composites
Basalt Fiber Market By Form, 2020-2030, (USD Million) ,(Kilotons)
Continuous Basalt Fiber
Discrete Basalt Fiber
Basalt Fiber Market By End User, 2020-2030, (USD Million),(Kilotons)
Construction & Infrastructure
Automotive & Transportation
Electrical & Electronics
Wind Energy
Marine
Others
Basalt Fiber Market Regional Analysis/Insights
The basalt fiber market in the Asia Pacific region is witnessing substantial growth attributed to diverse factors. Robust growth in the construction and infrastructure sector, coupled with increased investments in renewable energy ventures, serves as pivotal drivers for the market. Furthermore, the demand for lightweight and high-performance materials in the automotive and transportation industries further propels market expansion. The market faces restraints such as high production costs and limited awareness concerning basalt fiber. Nonetheless, ample opportunities for market growth exist through the emergence of economies, advancements in technology, and government initiatives that promote sustainable infrastructure development. Additionally, the region’s emphasis on eco-friendly materials and its substantial manufacturing capabilities create a conducive environment for the Asia Pacific basalt fiber market.
Increased demand for lightweight and high-performance materials in industries such as automotive and aerospace has been a significant driver of basalt fiber market in Europe. Basalt fiber’s ability to replace traditional materials like steel, aluminum, and fiberglass in various applications has contributed to its popularity.
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Inculcation and Evaluation of Strategic Collaborations: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.
Perfect Market Size Estimations: The report analyses the demographics, growth potential, and capability of the Basalt Fiber market through the forecast period.
This factor leads to the estimation of the Basalt Fiber market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular Basalt Fiber market that will help the stakeholders to be aware of the current investment scenario across the market.
What is new in 2024?
- Major developments that can change the business landscape as well as market forecasts.
- Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.
- Coverage of new market players and change in the market share of existing players of the Basalt Fiber market.
- Updated financial information and product portfolios of players operating in the Basalt Fiber market.
- Updated market developments of the profiled players.
- Any new data points/analysis (frameworks) which was not present in the previous version of the report
The new edition of the report consists of trends/disruptions on customer’s business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Basalt Fiber.
Customization services available with the report:
- Country level market for Basalt Fiber market (up to 5)
- Profiling and additional market players (up to 5)
- Up to 40 hours of customization.
- post-sales support for 1 year from the date of delivery.
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