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Basalt Fiber Reinforced Polymer (BFRP) Market Share

  • Report ID: GMI10023
  • Published Date: Jun 2024
  • Report Format: PDF

Basalt Fiber Reinforced Polymer Market Share

Basaltex and Kamenny Vek held a significant share of over 15% in the market. Basaltex, a Belgium-based company, boasts extensive expertise in the production and distribution of basalt fiber products, catering to diverse industries such as automotive, aerospace, and construction. Its strong global presence, coupled with a wide range of high-quality BFRP solutions, positions Basaltex as a formidable competitor in the market. Similarly, Kamenny Vek, based in Russia, is renowned for its advanced manufacturing capabilities and innovative product offerings in the BFRP segment. With a focus on technological advancement and product development, Kamenny Vek has established itself as a leading supplier of basalt fiber reinforcements, serving markets across Europe, Asia, and beyond.
 

Technobasalt-Invest LLC, Pultrall, Arab Basalt Fiber Company, Beyond Materials Group, and Kodiak BFRP are among the key players in the BFRP market. They leverage their manufacturing expertise, product innovation, and strategic partnerships to capture market share and expand globally. With increasing demand for lightweight, high-strength, and sustainable materials, competition among BFRP manufacturers is expected to intensify, driving continuous innovations and strategic alliances.
 

Basalt Fiber Reinforced Polymer Market Companies

Major players operating in the BFRP market are:

  • Basaltex
  • Kamenny Vek
  • Technobasalt-Invest LLC
  • Pultrall
  • Arab Basalt Fiber Company
  • Beyond Materials Group
  • Kodiak BFRP
     
Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Global basalt fiber reinforced polymer industry was valued at USD 195 million in 2023 and is anticipated to register over 6.1% CAGR between 2024 and 2032, driven by consistent advancements in manufacturing technologies.

The building and construction segment in the basalt fiber reinforced polymer (BFRP) market is expected to reach USD 165 million by 2032 due to the ease of storage, longer shelf life, and simple preparation of BFRP, catering to busy consumers seeking quick and nutritious breakfast.

North America market held 30% revenue share in 2023 due to government-driven infrastructure modernization, stringent sustainability standards, and innovative manufacturing technologies.

Basaltex, Kamenny Vek, Technobasalt-Invest LLC, Pultrall, Arab Basalt Fiber Company, Beyond Materials Group, and Kodiak BFRP.

Basalt Fiber Reinforced Polymer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 260
  • Countries covered: 21
  • Pages: 210
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