The burden of regulations for the automotive manufacturers to reduce the vehicle weight has triggered the demand for basalt fibers by nearly 7% during the past four years, explains Fact.MR. The stringent regulations prevailing in the automotive industry regarding the reduction of vehicle weight to reduce emissions has positively impacted the demand for basalt fibers. Moreover, composites made of basalt fibers are being widely used in the aerospace industry for fuel efficiency. The additional properties of fire protection have led to a rise in the demand from the fire protection clothing segment.
For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=1312
Attributed to superior properties as compared to other glass and carbon fiber and steel reinforcements, there has been a constant rise in the demand for basalt fibers. Only 1/10th of basalt fibers is required as a reinforcing material to obtain the same strength as steel. Basalt fibers also exhibit good mechanical strength, chemical and thermal resistance, and are also economically priced as compared to carbon fibers.
Share Your Requirements & Get Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=1312
The increasing penetration of light-weight composite material for automotive, aerospace and building and construction industry is projected to boost the demand for basalt fibers over the forecast period. The rising concern over energy conservation has further led to the growth of the renewable wind energy generation industry, thus, creating traction in the basalt fiber market.
Among the various regions, North America and Europe are estimated to account for a value share of approximately 60% in the global basalt fiber market by 2018-end. Europe is projected to lead the global basalt fibers market both in terms of production and consumption. Russia holds a significant share in the European basalt fibers market. The region has witnessed a surge in the demand for basalt fibers from the automotive industry as there are stringent regulations prevailing in the EU regarding vehicle emissions and greenhouse gas amongst others.
Access Research Methodology Prepared By Experts – https://www.factmr.com/connectus/sample?flag=RM&rep_id=1312
Global Basalt Fiber Market Segmentation
To understand and assess opportunities in the global basalt fiber market, we have divided the report into three sections based on market segmentation as:
|By Product Type||RovingChopped strandsFabricMesh and GridsOthers|
|By End Use Industry||Building and constructionAutomotiveAerospace and defenceShip BuildingWind EnergySports accessories and others|
|By Region||North AmericaLatin AmericaEuropeSEA and PacificChinaJapanMEA|
Reasons to choose Fact.MR:
- Exhaustive research regarding the market to offer A to Z information.
- Digital technologies to provide innovative business solutions to the clients.
- 24/7 availability of services.
- Interaction with suppliers, vendors, and service providers for precise market landscape.
- Reports tailored as per the requirements of the clients.
For More Insights-
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Unit No: AU-01-H Gold Tower (AU),Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,Dubai, United Arab EmiratesEmail: email@example.com
Visit Our Website: https://www.factmr.com