Basalt Fiber Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Basalt Fiber  Market By Product Type (Roving, Fabric, Mesh and Grids, Chopped Strands, and Others), Usage (Composites, and Non-Composites), End User (Automotive & Transportation, Electrical & Electronics, Marine, Construction & Infrastructure, Wind Energy, and Others), and Geography

 

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Report

Description

Basalt Fiber Market size is expected to be valued at USD 125.3 million in 2022 and is poised to grow at a significant CAGR of 12.8% over 2022–2028. Basalt fiber mentions as a form of fiber-reinforced polymer production using enormously fine fibers of basalt and minerals such as plagioclase, pyroxene, and olivine. It is generally processed through pultrusion, prepreg process, compression/resin molding, and vacuum infusion to find continuous or discrete basalt fiber. The basalt fiber market is primarily growing due to the rise in demand from applications from automotive & transportation, construction & infrastructure, wind energy, electrical & electronics, and industries to making fireproof automobile and aerospace textiles, filament winding of pipes, tanks, and cylinders, reinforced plastics, tunnels geogrids, and refractory bricks. The significant properties of basalt fibers such as thermal stability, sound insulation, heat, vibration, resistance, non-corrosiveness, and durability are also propelling the market demand. Furthermore, the growing adoption of environmentally and easily recyclable materials is seen as a major basalt fiber market growth opportunity. However, competition with matured products such as E-glass is restraining the market growth. However, during COVID-19, with certain restrictions, basalt fiber market demand had negatively affected by reduced  from various industries globally. Construction & infrastructure, and automotive & transportation being the main consumers of basalt fiber have recorded the adverse and abrupt consequences of the pandemic in 2020. With recuperating end-use industries, the demand for basalt fiber is expected to display significant growth during the forecasted years.

 

Recent Market Developments:

In April 2021, Kameny Vek has launched three new products consisting of Basalt direct roving 22 microns 2400 tex, basalt assembled roving 18micron 3000 tex, and basalt assembled roving 18 microns 4800, with its market expanded.

Basalt Fiber Market

MARKET SUMMARY
-
12.8%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 12.8%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Europe

Basalt Fiber Market

  • The global basalt fiber market report gives a comprehensive outlook across the globe with particular emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The report on the global basalt fiber market gives historical, current, and future market sizes based on product type, usage, end user, and geography.
Key Players

 

  • Mafic SA
  • Kamenny Vek
  • Isomatex SA
  • Sudaglass Fiber Technology
  • Zhejiang GBF Basalt Fiber Co., Ltd
Basalt Fiber Market Dynamics

The basalt fiber Market is primarily driven by the rising demand for basalt fibers as a reinforcing substantial for the construction of roads, bridges, and pavements. Governmental bodies’ expenses on infrastructure and industrial development have also pushed the demand for basalt fiber products. With an escalation in population day by day rising the demand for roads and bridges, is consequently would expect to boost the market growth over the forecasted period. However, the Basalt Fiber market is constrained by the limited availability of raw materials, initial set up higher cost. This market will create an attractive opportunity through the technological advancement of products in the current time as well as in upcoming years.


Europe Got Significant Share

Basalt Fiber Market

The basalt fiber market in Europe is expected to hold a significant revenue share in upcoming years, and also it is predicted to increase rapidly attributable to prominent regional markets such as Germany, Italy, Spain, and France. Global Basalt fiber market demand is driving in this region owing to intensifying demand for non-composites, in terms of usage type, in nations like Germany, and the United Kingdom. Europe is assured to create opportunities for the key players of the basalt fiber market due to the investment, advancement, and continuous development of different end-use productions such as automotive, Aerospace, Defense, etc. This will for sure lead the extensive growth in the basalt fiber market in the European region in upcoming years. The Asia Pacific region also witnessed progressive growth in the forecasted period owing to plentiful basalt fiber players in East Asia Region and with time demand for basalt fibers in Japan and South Korea is increasing. Moreover, Asia Pacific regions are putting huge investments in the basalt fiber market is expected to impel the market growth in the coming next few years.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The basalt fiber market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Basalt Fiber Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The basalt fiber market is projected to expand at a CAGR of 12.8% during the forecast period

Sudaglass Fiber Technology, Mafic SA, JiangSu Tianlong Continuous Basalt Fuber Co. Ltd, Zhejiang GBF Basalt Fiber Co., Ltd (GBF), Kamenny Vek, Shanxi Basalt Fibre Technology Co., Ltd, Isomatex SA

Europe is the fastest-growing region for the basalt fiber market


Report

Table Of Content

1. Executive Summary
2. Global Basalt Fiber Market Introduction
2.1. Global Basalt Fiber Market – Taxonomy
2.2. Global Basalt Fiber Market –Definitions
2.2.1. Product Type
2.2.2. Usage
2.2.3. End User
2.2.4. Geography
3. Global Basalt Fiber Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Basalt Fiber Market Dynamic Factors – Impact Analysis
3.6. Global Basalt Fiber Market – Competition Landscape
4. Global Basalt Fiber Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Basalt Fiber Market, By Product Type, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
5.1. Roving
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Fabric
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Mesh and Grids
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Choping Strands
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Others
5.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Basalt Fiber Market, By Usage Type, 2017 – 2021 and Forecast, 2022–2028 (Revenue, USD Mn)
6.1. Composites
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Non-Composites
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Basalt Fiber Market Forecast, By End User, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
7.1. Automotive & Transportation
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Electrical & Electronics
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Marine
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Construction & Infrastructure
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Wind Energy
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Others
7.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
8. Global Basalt Fiber Market Forecast, By Region, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Basalt Fiber Market – Opportunity Analysis Index, By Product Type, Usage, End User and Region, 2022 – 2028
9. North America Basalt Fiber MarketAnalysis,2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
9.1. Product Type Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Roving
9.1.2. Fabric
9.1.3. Mesh and Grids
9.1.4. Chopped Strands
9.1.5. Others
9.2. Usage Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Composites
9.2.2. Non-Composites
9.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.3.1. Automotive & Transportation
9.3.2. Electrical & Electronics
9.3.3. Marine
9.3.4. Construction & Infrastructure
9.3.5. Wind Energy
9.3.6. Others
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Basalt Fiber Market – Opportunity Analysis Index, By Product Type, Usage, End User and Country, 2022 – 2028
9.6. North America Basalt Fiber Market Dynamics – Trends
10. Europe Basalt Fiber Market Analysis, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Roving
10.1.2. Fabric
10.1.3. Mesh and Grids
10.1.4. Chopped Strands
10.1.5. Others
10.2. Usage Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Composites
10.2.2. Non-Composites
10.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Automotive & Transportation
10.3.2. Electrical & Electronics
10.3.3. Marine
10.3.4. Construction & Infrastructure
10.3.5. Wind Energy
10.3.6. Others
10.4. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Basalt Fiber Market – Opportunity Analysis Index, By Product Type, Usage, End User, and Country, 2022 – 2028
10.6. Europe Basalt Fiber  Market Dynamics – Trends
11. Asia-Pacific Basalt Fiber Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Roving
11.1.2. Fabric
11.1.3. Mesh and Grids
11.1.4. Chopped Strands
11.1.5. Others
11.2. Usage Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Composites
11.2.2. Non-Composites
11.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Automotive & Transportation
11.3.2. Electrical & Electronics
11.3.3. Marine
11.3.4. Construction & Infrastructure
11.3.5. Wind Energy
11.3.6. Others
11.4. Country Analysis2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Basalt Fiber Market – Opportunity Analysis Index, By Product Type, Usage, End User and Country,2022 – 2028
11.6. Asia-Pacific Basalt Fiber Market Dynamics – Trends
12. Latin America Basalt Fiber  Market Analysis,2017 – 2021 and Forecast, 2022–2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Roving
12.1.2. Fabric
12.1.3. Mesh and Grids
12.1.4. Chopped Strands
12.1.5. Others
12.2. Usage Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Composites
12.2.2. Non-Composites
12.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Automotive & Transportation
12.3.2. Electrical & Electronics
12.3.3. Marine
12.3.4. Construction & Infrastructure
12.3.5. Wind Energy
12.3.6. Others
12.4. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Basalt Fiber Market – Opportunity Analysis Index, By Product Type, Usage, End User and Country, 2022 – 2028
12.6. Latin America Basalt Fiber Market Dynamics – Trends
13. Middle East and Africa Basalt Fiber Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Product Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Roving
13.1.2. Fabric
13.1.3. Mesh and Grids
13.1.4. Chopped Strands
13.1.5. Others
13.2. Usage Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Composites
13.2.2. Non-Composites
13.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Automotive & Transportation
13.3.2. Electrical & Electronics
13.3.3. Marine
13.3.4. Construction & Infrastructure
13.3.5. Wind Energy
13.3.6. Others
13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Basalt Fiber Market – Opportunity Analysis Index, By Product Type, Usage, End User and Country, 2022 – 2028
13.6. MEA Basalt Fiber Market Dynamics – Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product Type, & Service Testing Types, Key Developments, Strategies, and SWOT Analysis)
14.2.1. BASALTEX NV
14.2.2. TECHNOBASALT-INVEST LLC
14.2.3. Sudaglass Fiber Technology
14.2.4. Mafic SA
14.2.5. JiangSu Tianlong Continuous Basalt Fuber Co. Ltd
14.2.6. Zhejiang GBF Basalt Fiber Co., Ltd (GBF)
14.2.7. Kamenny Vek
14.2.8. Shanxi Basalt Fibre Technology Co., Ltd
14.2.9. Isomatex SA
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • BASALTEX NV
  • TECHNOBASALT-INVEST LLC
  • Sudaglass Fiber Technology
  • Mafic SA
  • JiangSu Tianlong Continuous Basalt Fuber Co. Ltd
  • Zhejiang GBF Basalt Fiber Co., Ltd (GBF)
  • Kamenny Vek
  • Shanxi Basalt Fibre Technology Co., Ltd
  • Isomatex SA

Description

Basalt Fiber Market size is expected to be valued at USD 125.3 million in 2022 and is poised to grow at a significant CAGR of 12.8% over 2022–2028. Basalt fiber mentions as a form of fiber-reinforced polymer production using enormously fine fibers of basalt and minerals such as plagioclase, pyroxene, and olivine. It is generally processed through pultrusion, prepreg process, compression/resin molding, and vacuum infusion to find continuous or discrete basalt fiber. The basalt fiber market is primarily growing due to the rise in demand from applications from automotive & transportation, construction & infrastructure, wind energy, electrical & electronics, and industries to making fireproof automobile and aerospace textiles, filament winding of pipes, tanks, and cylinders, reinforced plastics, tunnels geogrids, and refractory bricks. The significant properties of basalt fibers such as thermal stability, sound insulation, heat, vibration, resistance, non-corrosiveness, and durability are also propelling the market demand. Furthermore, the growing adoption of environmentally and easily recyclable materials is seen as a major basalt fiber market growth opportunity. However, competition with matured products such as E-glass is restraining the market growth. However, during COVID-19, with certain restrictions, basalt fiber market demand had negatively affected by reduced  from various industries globally. Construction & infrastructure, and automotive & transportation being the main consumers of basalt fiber have recorded the adverse and abrupt consequences of the pandemic in 2020. With recuperating end-use industries, the demand for basalt fiber is expected to display significant growth during the forecasted years.

 

Recent Market Developments:

In April 2021, Kameny Vek has launched three new products consisting of Basalt direct roving 22 microns 2400 tex, basalt assembled roving 18micron 3000 tex, and basalt assembled roving 18 microns 4800, with its market expanded.

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