NEW YORK, July 23, 2021 /PRNewswire/ -- The Continuous Basalt Fiber Market report has been added to Technavio's offering. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Our client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.
The continuous basalt fiber market is poised to grow by USD 135.06 million during 2021-2025, progressing at a CAGR of 11.10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a Low impact on the continuous basalt fiber market.
Frequently Asked Questions:
- Based on segmentation by application, which is the leading segment in the market? The construction segment is expected to be the leading segment based on application in the global market during the forecast period.
- What are the major trends in the market?
Rise in building construction activities is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of 11.10%, the incremental growth of the market is anticipated to be USD 135.06 million.
- Who are the top players in the market?
ARMBASALT CJSC, BASTECH, Fiberbas construction and building technologies, HG GBF Basalt Fiber Co. Ltd., INCOTELOGY GmbH, JiLin Tongxin Basalt Technology Co. Ltd., Kamenny Vek, MAFIC, Shanxi Basalt Fiber Technology Co. Ltd., and Technobasalt-Invest LLC are some of the major market participants.
- What are the key market drivers and challenges?
Superior properties of continuous basalt fiber over traditional materials is one of the major factors driving the market. However, the increased demand for lightweight composite materials in the automotive industry restraints the market growth.
- How big is the North America market?
The North America region will contribute to 36% of market growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ARMBASALT CJSC, BASTECH, Fiberbas construction and building technologies, HG GBF Basalt Fiber Co. Ltd., INCOTELOGY GmbH, JiLin Tongxin Basalt Technology Co. Ltd., Kamenny Vek, MAFIC, Shanxi Basalt Fiber Technology Co. Ltd., and Technobasalt-Invest LLC are some of the major market participants.
The superior properties of continuous basalt fiber over traditional materials will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this continuous basalt fiber market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Continuous Basalt Fiber Market 2021-2025: Segmentation
Continuous Basalt Fiber Market is segmented as below:
- Electrical and Electronics
- North America
- South America
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Continuous Basalt Fiber Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The continuous basalt fiber market report covers the following areas:
- Continuous Basalt Fiber Market Size
- Continuous Basalt Fiber Market Trends
- Continuous Basalt Fiber Market Analysis
This study identifies the rise in building construction activities as one of the prime reasons driving the continuous basalt fiber market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Continuous Basalt Fiber Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist continuous basalt fiber market growth during the next five years
- Estimation of the continuous basalt fiber market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the continuous basalt fiber market across North America, Europe, APAC, South America, and MEA
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of continuous basalt fiber market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Construction - Market size and forecast 2020-2025
- Molding - Market size and forecast 2020-2025
- Market opportunity by Application
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- ARMBASALT CJSC
- Fiberbas construction and building technologies
- HG GBF Basalt Fiber Co. Ltd.
- INCOTELOGY GmbH
- JiLin Tongxin Basalt Technology Co. Ltd.
- Kamenny Vek
- Shanxi Basalt Fiber Technology Co. Ltd.
- Technobasalt-Invest LLC
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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