Materials & Chemicals Market Research News

New report: Continuous basalt fiber market analysis and industry forecast to 2023

Materials & Chemicals Research

Continuous basalt fibers (CBF) are obtained by melting basalt rocks and forcing them through small pores. The rocks are crushed into powder, and then passed through a furnace, followed by drawing them into strands using platinum rhodium drawing filament laminate.

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They possess remarkable acid and alkali-resistant properties and exhibits high UV resistance, low hygroscopic property, superior radiation & environmental resistance, and decent sound insulation.

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The global basalt fiber market is driven by low energy consumption, low cost of basalt & associated process equipment, high durability & strength of resulting fibers, increased demand for high chemical-resistant fibers.

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Moreover, increase in demand for sealing products and rapid growth of automotive sales supplement the market growth. However, limited availability of raw materials, less number of suppliers, and presence of substitutes, such as glass and carbon fibers, hamper the market growth.

Latest research studies have led to the availability of new types of basalt, increase energy efficiency of equipment, and promote use of associated petroleum gas for melting basalt rocks. These factors are expected to provide lucrative opportunities for market players during the forecast period.

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The global continuous basalt fiber market is segmented based on rove type, product, usage type, application, and geography. Based on rove type, it is divided into assembled, direct, and gun.

On the basis of product, it is segmented into primary (chopped strand, and twisted yarn) and advanced (tape, fabric, reinforced mesh, and non-woven material). Based on usage type, it is divided into composite and non-composite.

Based on application, it is classified into building & construction, aerospace, armament, environment protection, automotive manufacture, and electronics. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in this market include, Basaltex NV (Belgium), Sudaglass Fiber Technology Inc. (U.S.), Kamenny Vek (Russia), Zhejiang GBF Basalt Fiber Co., Ltd (China), Technobasalt Invest LLC. (U.S.), Shanxi Basalt Fiber Technology Co., Ltd (China), JiangSu TianLong Continuous Basalt Fiber High-tech Co., Ltd. (China), Jiangsu Green Materials Vally New Material T&D Co., Ltd (China), Mafic SA (Luxembourg), and Mineral 7 CJSC (Ukraine)

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