World Basalt Composites Market to Grow at 8.8% CAGR through 2021, Expects Stratview Research in Its Report Recently Added at MarketPublishers.com01 Dec 2017 • by Natalie Aster
LONDON – Recently, the composites industry exhibited a rising interest in the development of basalt composites for corrosion and acidic applications. The world’s basalt composites market is anticipated to enjoy impressive growth at an 8.8% CAGR through 2021. Some of the key factors encouraging the market growth include excellent corrosion resistance, ongoing technological advancements and higher performance if compared with e-glass composites.
The building and construction industries are set to remain the leading consumer of basalt composites during 2017-2021. Moreover, this end-use sector is poised to increase at the highest pace in the coming years.
The European region is projected to remain in the lead of the global basalt composites market, accounting for the biggest market share. Ukraine and Russia are the key contributors to the region’s growth. Meantime, the highest CAGR is expected in the APAC basalt composites market, owing to remarkable uptake in the Chinese market.
The worldwide basalt composites market is moderately consolidated with presence of a limited number of players. Some of the most prominent companies include Technobasalt, Sudaglass Fiber Technology, Asamer Basaltic Fibers, GBF Basalt Fiber.
Insightful research report “Global Basalt Composites Market by End Use Industry, by Manufacturing Process, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021” elaborated by Stratview Research explores the landscape and dynamics of the basalt composites market. It highlights the historical development patterns of the market during 2010-2016, describes the current scenario and also outlines future growth prospects. Besides, this study comprises an overview of the top trends, examines the major growth hindering and driving factors, scrutinises the competitive environment and also profiles the dominant players. In addition, this report offers a look at the emerging growth prospects and major threats and challenges, and also provides access to future forecasts through 2021.
For a complete collection of the publisher’s research studies follow Stratview Research online page at MarketPublishers.com.