Continuous basalt fiber is a part of the global concrete fiber market. The total market size for concrete fiber was $2,200 million in 2016. The global concrete fiber market contains different types of fibers such as synthetic fiber, steel fiber, glass fiber, natural fiber, and basalt fiber. Continuous basalt fiber constitutes 3.39% of the global concrete fiber market. Crushed basalt rock is the raw material for continuous basalt fiber. Basalt is a volcanic (igneous) rock formed by vigorous cooling of basaltic lava at the surface.
Technavio’s analysts forecast the global continuous basalt fiber market to grow at a CAGR of 11.07% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global continuous basalt fiber market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography: • Americas • APAC • Europe • MEA
Technavio’s report, Global Continuous Basalt Fiber Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • BASALTEX • Jiangsu Green Materials Vally New Material T&D • Kamenny Vek (under Basfiber brand name) • Shanxi Basalt Fiber Technology • Technobasalt
Other prominent vendors • Mudanjiang Jinshi Basalt Fiber • Zhejiang GBF Basalt Fiber • MAFIC • Company Mineral 7 • ISOMATEX • US Basalt • Sudaglass Fiber Technology • EAS Fiberglas • Basalt Fiber Tech • ASA.TEC • Galen
Market driver • Increasing demand from construction and automotive segment • For a full, detailed list, view our report
Market challenge • Increasing threat from substitutes • For a full, detailed list, view our report
Market trend • Rise in technological advancements • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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