Term: composite market

The analysts consider basalt fibers market to be relatively niche market as compared to other fibers. In the present scenario, there are only a few number of manufacturers for basalt fibers predominantly-based in Russia, Ukraine, China and North America amongst others.

Mineral wool slabs are used for a new generation cruise liner (river-sea class) as a thermal insulation and fire protection solution.

Prospects for basalt fiber applications have become a topic of discussion at the conference held by the European network for lightweight applications at sea (E-LASS) and RAMSSES project.

The global fiber reinforced polymer (FRP) composites market size was worth $114.13 billion in 2016.

Basalt fibers have a great potential to be the next generation materials. The global basalt fiber market is estimated to grow at a CAGR of 13.1% from 2015 to 2020.

Being relatively new in the composites industry, 3D printing technology has now got successful in gaining ground, driven by advancements in the 3D printing. Thus, the nearest five years are projected to see constant annual market growth, stresses Stratview Research in «Global 3D-Printed Composites Market by Composite Type».

The Centre of Competence will constitute an important step towards the introduction of polymer composite materials in shipbuilding industry of Russia, as “it will integrate the potentials of business, science and government to form a single structure comprising all the aspects of composite application in shipbuilding:

According to the report of Zion Market Research, a global mineral wool market was valued at over $ 9.85 billion in 2016, and is expected to reach above $ 14.65 billion in 2022 and to grow at a CAGR of slightly above 6.80%.

The aim of the project is to demonstrate zero-landfill cradle-to-cradle composite manufacturing process. July 2017 will see the boat Loop650 launched to race single-handed across the Atlantic in a race known as the Mini Transat.

Stratview Research has published a market research report on Global Basalt Composites Market for a period from 2016 to 2021. This market is expected to grow at amazing 8.8% CAGR over the next five years.