In 2019, The Output Value Of The Global Continuous Basalt Fiber Market Will Reach US $104 Million 700 Thousand.

according to

(TransparencyMarket Research) newly released

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Compared to most

And carbon fiber, continuous basalt fiber has higher efficiency and is more friendly to ecology.

Continuous basalt fiber can be processed, processed with higher strength than steel, and it will not rust, because it is chemically inert.

Therefore, excellent physical properties, coupled with ease of regeneration, are the main factors driving the growth of continuous basalt fiber demand.

Continuous basalt fiber is currently used mainly to produce a variety of components on wind turbines, most of which are used to produce blades.

Therefore, the increasing demand for wind energy is expected to become a major opportunity for the development of continuous basalt fibers in the future.

Construction is now continuous.

Maximum application

In 2012, it accounted for nearly 37% of the total demand.

Next is pportation, which is expected to reach US $18 million 300 thousand in 2019.

Electronics is expected to become the most rapidly developing application. From 2013 to 2019, the composite annual growth rate of the applied market segments is expected to reach 12.8%.

In 2012, the market demand for other applications of basalt fiber was 1237.7 tons, which was mainly composed of sports equipment and aviation components.

North America is now in continuous use.

The largest area in 2012 accounted for nearly 39.6% of the total market consumption.

As GDP grows at a faster pace and disposable income increases, Asia Pacific is expected to become the fastest growing region.

From 2013 to 2019, consumption in the region is expected to grow at a compound annual growth rate of 10.9%.