Global Basalt Fiber Sleeve Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2027, reaching US$ XX Bn. The report has covered region-wise market trends with a competitive landscape. The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Basalt fiber sleeve is manufactured from basalt fibers, they do not burn and melt, produce neither smoke nor toxic gases, and are environmentally friendly and recyclable. The basalt fiber sleeve is easy to install and will provide years of protection and good looks. Basalt fiber sleeves offer excellent thermal protection properties by absorbing excessive heat from metal, chemicals, and other materials.
Basalt fiber sleeve is a highly conformable sleeve, which offers better thermal protection for engine and generator exhaust piping for automobiles, marine engines and generators, construction, and mining equipment. The global basalt fiber sleeve market is driven by the increasing demand for fireproof fiber materials in several applications and the growing demand for thermal protective fiber to reduce heat from exhaust pipelines. However, the availability of different alternative thermal protection materials may restrain the global basalt fiber sleeves market over the upcoming period.
The MMR report covers the detailed analysis of the global basalt fiber sleeve market by product type, application, and region.
Based on product type, the maximum continuous temperature 6490 C segment led the global basalt fiber sleeve market in 2019 and is expected to grow at a CAGR of XX% during the forecast period. This attributed to the product is majorly utilized in low-temperature range applications.
Based on the application, the automotive segment held the dominant market share of %in 2019 and is expected to maintain its prominence during the forecast period. Basalt fiber sleeves are utilized to cover exhaust pipes of engines and generators in the automotive application is likely to drive the market growth in the coming years.
Geographically, North America held the largest market share of XX% in 2019 and is expected to reach US$ XX Mn by the end of 2027, with a CAGR of XX%. This is attributed to the stringent thermal protection guidelines in several industries and the growing demand for home electrical appliances in the region, which are required thermal protection products such as basalt fiber sleeves.
In terms of value, Asia Pacific is expected to hold the dominant market share of XX% during the forecast period thanks to the growth in the automotive and electrical electronics industry in China and India. Emerging economies like China and India is the leading contributor to regional market growth. In terms of consumption and production, China held the largest market share of XX% in 2019 and is expected to grow at a CAGR of XX% during the forecast period. This is attributed to the growth in the metallurgy industry, and China is the manufacturing hub for electrical electronics products.
The objective of the report is to present a comprehensive analysis of the Global Basalt Fiber Sleeve Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Basalt Fiber Sleeve Market dynamics, structure by analyzing the market segments and project the Global Basalt Fiber Sleeve Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Basalt Fiber Sleeve Market make the report investor’s guide.
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Scope of the Global Basalt Fiber Sleeve Market:
Global Basalt Fiber Sleeve Market, by Type:
• Maximum Continuous Temp: 649°C
• Maximum Continuous Temp: 700°C
• Maximum Continuous Temp: 800°C
Global Basalt Fiber Sleeve Market, by Application:
• Household Electrical Appliances
• Fluid Transportation Piping’s
• Chemical Industry
• Auto Industry
Global Basalt Fiber Sleeve Market, by Region:
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Global Basalt Fiber Sleeve Market, Major Players:
• Ningguo BST Thermal Products
• Shanxi Basalt Fiber Technology
• Sudaglass Fiber Technology
• Zhejiang GBF Basalt Fiber
• Aerospace Tuoxin
• Jiangsu Tianlong
• Jilin Jiuxin
• Kamenny Vek
• Favier Group
• Ningguo Hantai New Materials Ltd.
• High-Hope (Shanghai) Fiberglass Co, Ltd.
This Report Is Submitted By : Maximize Market Research Company
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