Basalt Fiber Market by Form (Continuous and Discrete), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Electrical & Electronics, Marine), Usage (Composites, Non-Composites), and Region - Global Forecast to 2024

Basalt Fiber Market by Form (Continuous and Discrete), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Electrical & Electronics, Marine), Usage (Composites, Non-Composites), and Region - Global Forecast to 2024

The basalt fiber market is projected to register a CAGR of 11.8%, in terms of value, between 2019 and 2024.
The basalt fiber market size is estimated to be USD 227 million in 2019 and is projected to reach USD 397 million by 2024, at a CAGR of 11.8% between 2019 and 2024. Basalt fibers are used in different industries such as marine, automotive & transportation, electrical & electronics, construction & infrastructure, wind energy, and others. They exhibit various properties such as non-corrosiveness, heat & fire resistance, and high mechanical strength. The superior properties offered by basalt fiber are enabling its usage in the end-use industries.

Continuous basalt fiber accounted for the largest share, in terms of value and volume, in the basalt fiber market.
Continuous basalt fiber dominated the global basalt fiber market in 2018. Continuous basalt fibers possess characteristics, such as superior efficiency, higher tensile strength, and excellent mechanical properties. Also, these fibers are eco-friendly, which makes them suitable for various applications, such as reinforcing nets, pipes, containers, electrical insulation materials, basalt plastic products, and others. Additionally, they offer higher strength than steel which makes them a preferred material in the construction industry. The high market share of continuous basalt fibers is attributed to its significant properties.

”The basalt fiber market in the construction & infrastructure end-use industry is expected to register the highest CAGR between 2019 and 2024.’’
The increasing use of basalt fiber in the construction & infrastructure industry is mainly due to its environmentally friendly properties, good compatibility with concrete, and easy mixing at high concentration. Basalt fiber offers higher mechanical properties that are required for construction in extreme conditions and at a much lower price compared to all other alkali-resistant fibers. Industry experts concluded that a ton of basalt rods could provide reinforcement equal to 4 tons of steel rods. All these benefits make basalt fiber product a good and economical alternative to alkali-resistant fibers, which are presently used in the market.

”The basalt fiber market in APAC is projected to register the highest CAGR, in terms of value and volume, between 2019 and 2024.”
APAC dominated the global basalt fibers market. The region has the presence of many manufacturers of basalt fibers and its products. China accounted for a major share of the global basalt fiber market and is expected to register the highest CAGR during the forecast period. The rising awareness among the Chinese manufacturers regarding basalt fiber production, and the increasing demand for environmentally friendly and high-performance materials is driving the basalt fiber market in China. Also, the low cost of raw materials coupled with less stringent government regulations are driving the market in the country.

Breakdown of profiles of primary interviews for the report on the basalt fiber market

By Company: Tier 1 - 37%, Tier 2 - 42%, and Tier 3 - 21%
By Designation: C level - 30%, Director level - 25%, and Others - 45%
By Region: North America - 20%, Europe - 27%, Asia Pacific -40%, MEA - 7%, and Latin America - 6%

The basalt fiber market comprises major solution providers such as Kamenny Vek (Russia), Mafic SA (Ireland), Zhejiang GBF Basalt Fiber Co. Ltd (China), Technobasalt-Invest LLC (Ukraine), Russian Basalt (Russia), Sudaglass Basalt Fiber Technology (US), and Isomatex (Belgium). The study includes an in-depth competitive analysis of these key players in the basalt fiber market, with their company profiles, recent developments, and key market strategies.

Research Coverage
The study covers the basalt fiber market. It aims at estimating the market size and the growth potential of this market across different segments, such as usage, form, end-use industry, and region. Porter’s Five Forces analysis and the key market dynamics, such as drivers, restraints, challenges, and opportunities, influencing the growth of the basalt fiber market have been discussed in the report. The report also provides company profiles and competitive benchmarking of major players operating in the market.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall basalt fiber market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. It will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • BASALT FIBER MARKET SEGMENTATION
      • YEARS CONSIDERED FOR THE STUDY
      • CURRENCY
      • UNIT CONSIDERED
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table BASALT FIBER MARKET SIZE (VOLUME AND VALUE), 2017-2024
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE BASALT FIBER MARKET
    • BASALT FIBER MARKET, BY REGION AND END-USE INDUSTRY
    • BASALT FIBER MARKET, BY FORM
    • BASALT FIBER MARKET, BY USAGE TYPE
    • BASALT FIBER MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • EVOLUTION OF BASALT FIBERS
    • MARKET SEGMENTATION
      • BASALT FIBER MARKET, BY USAGE
      • BASALT FIBER MARKET, BY FORM
      • BASALT FIBER MARKET, BY END-USE INDUSTRY
    • MARKET DYNAMICS
      • DRIVERS
        • Table MECHANICAL & PHYSICAL PROPERTIES OF FIBERS
        • Table TEMPERATURE RANGE OF FIBERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGE
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PRICE ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
      • BARGAINING POWER OF BUYERS
    • TECHNOLOGICAL ADVANCEMENTS
      • USE OF BASALT FIBER IN HYBRID FABRICS
  • MACROECONOMIC OVERVIEW AND KEY TRENDS
    • INTRODUCTION
    • TRENDS AND FORECAST OF GDP
      • Table TRENDS AND FORECAST OF GDP, 2017-2023 (USD BILLION)
    • TRENDS AND FORECAST OF THE CONSTRUCTION & INFRASTRUCTURE INDUSTRY
      • Table CONTRIBUTION OF THE CONSTRUCTION & INFRASTRUCTURE INDUSTRY IN NORTH AMERICA, USD BILLION (2015-2022)
      • Table CONTRIBUTION OF THE CONSTRUCTION & INFRASTRUCTURE INDUSTRY IN EUROPE, USD BILLION (2015-2022)
      • Table CONTRIBUTION OF THE CONSTRUCTION & INFRASTRUCTURE INDUSTRY IN APAC, USD BILLION (2015-2022)
      • Table CONTRIBUTION OF THE CONSTRUCTION & INFRASTRUCTURE INDUSTRY IN MEA, 2015-2022 (USD BILLION)
      • Table CONTRIBUTION OF THE CONSTRUCTION & INFRASTRUCTURE INDUSTRY IN LATIN AMERICA, USD BILLION (2015-2022)
    • TRENDS IN AUTOMOTIVE & TRANSPORTATION INDUSTRY
      • Table AUTOMOTIVE PRODUCTION, MILLION UNITS (2013-2017)
    • TRENDS IN WIND ENERGY INDUSTRY
  • BASALT FIBER MARKET, BY USAGE TYPE
    • INTRODUCTION
      • Table CHEMICAL COMPOSITION OF GLASS AND BASALT FIBERS
      • Table TENSILE STRENGTH OF FIBERS
      • Table BASALT FIBER STIFFNESS PROPERTIES
      • Table BASALT FIBER MARKET SIZE, BY USAGE TYPE, 2017-2024 (USD THOUSAND)
      • Table BASALT FIBER MARKET SIZE, BY USAGE TYPE, 2017-2024 (TON)
    • BASALT FIBER IN COMPOSITES
      • BASALT FIBER IN COMPOSITES IMPROVE THE STRUCTURAL SAFETY AND SUSTAINABILITY OF THE CONSTRUCTION
        • Table BASALT FIBER MARKET SIZE IN COMPOSITES, BY REGION, 2017-2024 (USD THOUSAND)
        • Table BASALT FIBER MARKET SIZE IN COMPOSITES, BY REGION, 2017-2024 (TON)
    • BASALT FIBER IN NON-COMPOSITES
      • BASALT FIBERS ARE INCREASINGLY USED IN VARIOUS USED NON-COMPOSITE APPLICATIONS SUCH AS FABRICS, MESH, FELTS, INSULATION SLEEVES, AND CONCRETE REINFORCEMENTS
        • Table COMPARATIVE CHARACTERISTICS OF FIBERS
        • Table BASALT FIBER MARKET SIZE IN NON-COMPOSITES, BY REGION, 2017-2024 (USD THOUSAND)
        • Table BASALT FIBER MARKET SIZE IN NON-COMPOSITES, BY REGION, 2017-2024 (TON)
  • BASALT FIBER MARKET, BY FORM
    • INTRODUCTION
      • Table BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (USD THOUSAND)
      • Table BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (TON)
    • CONTINUOUS BASALT FIBER
      • CONTINUOUS BASALT FIBERS POSSESS SUPERIOR CHARACTERISTICS, SUCH AS SUPERIOR EFFICIENCY AND HIGHER TENSILE STRENGTH
        • Table CONTINUOUS BASALT FIBER MARKET SIZE, BY REGION, 2017-2024 (USD THOUSAND)
        • Table CONTINUOUS BASALT FIBER MARKET SIZE, BY REGION, 2017-2024 (TON)
    • DISCRETE BASALT FIBER
      • RAPIDLY GROWING CONSTRUCTION & INFRASTRUCTURE AND TRANSPORTATION INDUSTRIES ARE SPURRING THE DEMAND FOR DISCRETE BASALT FIBERS
        • Table DISCRETE BASALT FIBER MARKET SIZE, BY REGION, 2017-2024 (USD THOUSAND)
        • Table DISCRETE BASALT FIBER MARKET SIZE, BY REGION, 2017-2024 (TON)
  • BASALT FIBER MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 ( USD THOUSAND)
      • Table BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
    • CONSTRUCTION & INFRASTRUCTURE
      • BASALT FIBER ARE SLOWLY REPLACING STEEL IN THE CONSTRUCTION INDUSTRY DUE TO THEIR UNIQUE COMBINATION OF PROPERTIES
        • Table BASALT FIBER MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE, BY REGION, 2017-2024 (USD THOUSAND)
        • Table BASALT FIBER MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE, BY REGION, 2017-2024 (TON)
    • AUTOMOTIVE & TRANSPORTATION
      • BASALT FIBER POSSESS ENVIRONMENTALLY FRIENDLY PROPERTIES AND ALSO REDUCES THE COST OF VEHICLES
        • Table BASALT FIBER MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017-2024 (USD THOUSAND)
        • Table BASALT FIBERS MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017-2024 (TON)
    • ELECTRICAL & ELECTRONICS
      • BASALT FIBER IS ALSO REPLACING GLASS MATERIALS IN IMPORTANT ELECTRICAL AND ELECTRONICS APPLICATION AREAS
        • Table BASALT FIBER MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2017-2024 (USD THOUSAND)
        • Table BASALT FIBER MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2017-2024 (TON)
    • WIND ENERGY
      • BASALT FIBERS DO NOT REACT WITH AIR OR WATER LEADING TO THEIR HIGHER DEMAND IN THE PRODUCTION OF WIND TURBINES
        • Table BASALT FIBER MARKET SIZE IN WIND ENERGY, BY REGION, 2017-2024 (USD THOUSAND)
        • Table BASALT FIBER MARKET SIZE IN WIND ENERGY, BY REGION, 2017-2024 (TON)
    • MARINE
      • THE DEMAND FOR BASALT FIBER TO BUILD PONTOONS IS INCREASING
        • Table BASALT FIBER MARKET SIZE IN MARINE, BY REGION, 2017-2024 (USD THOUSAND)
        • Table BASALT FIBER MARKET SIZE IN MARINE, BY REGION, 2017-2024 (TON)
    • OTHERS
      • Table BASALT FIBER MARKET SIZE IN OTHERS, BY REGION, 2017-2024 (USD THOUSAND)
      • Table BASALT FIBER MARKET SIZE IN OTHERS, BY REGION, 2017-2024 (TON)
  • BASALT FIBER MARKET, BY REGION
    • INTRODUCTION
      • Table BASALT FIBER MARKET SIZE, BY REGION, 2017-2024 (TON)
      • Table BASALT FIBER MARKET SIZE, BY REGION, 2017-2024 (USD THOUSAND)
    • NORTH AMERICA
      • Table NORTH AMERICA: BASALT FIBER MARKET SIZE, BY COUNTRY, 2017-2024 (TON)
      • Table NORTH AMERICA: BASALT FIBER MARKET SIZE, BY COUNTRY, 2017-2024 (USD THOUSAND)
      • Table NORTH AMERICA: BASALT FIBER MARKET SIZE, BY USAGE TYPE, 2017-2024 (TON)
      • Table NORTH AMERICA: BASALT FIBER MARKET SIZE, BY USAGE TYPE, 2017-2024 (USD THOUSAND)
      • Table NORTH AMERICA: BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (TON)
      • Table NORTH AMERICA: BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (USD THOUSAND)
      • Table NORTH AMERICA: BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table NORTH AMERICA: BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • CANADA
      • US
    • EUROPE
      • Table EUROPE: BASALT FIBERMARKET SIZE, BY COUNTRY, 2017-2024 (TON)
      • Table EUROPE: BASALT FIBER MARKET SIZE, BY COUNTRY, 2017-2024 (USD THOUSAND)
      • Table EUROPE: BASALT FIBER MARKET SIZE, BY USAGE TYPE, 2017-2024 (TON)
      • Table EUROPE BASALT FIBER MARKET SIZE, BY USAGE TYPE, 2017-2024 (USD THOUSAND)
      • Table EUROPE: BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (TON)
      • Table EUROPE: BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (USD THOUSAND)
      • Table EUROPE: BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table EUROPE: BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • GERMANY
      • UK
      • BELGIUM
      • UKRAINE
      • RUSSIA
      • IRELAND
    • APAC
      • Table APAC: BASALT FIBER MARKET SIZE, BY COUNTRY,2017-2024 (TON)
      • Table APAC: BASALT FIBER MARKET SIZE, BY COUNTRY,2017-2024 (USD THOUSAND)
      • Table APAC: BASALT FIBER MARKET SIZE, BY USAGE TYPE, 2017-2024 (TON)
      • Table APAC: BASALT FIBER MARKET SIZE, BY USAGE TYPE, 2017-2024 (USD THOUSAND)
      • Table APAC: BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (TON)
      • Table APAC: BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (USD THOUSAND)
      • Table APAC: BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table APAC: BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • CHINA
      • JAPAN
      • SINGAPORE
    • LATIN AMERICA
      • Table LATIN AMERICA: BASALT FIBER MARKET SIZE, BY COUNTRY, 2017-2024 (TON)
      • Table LATIN AMERICA: BASALT FIBER MARKET SIZE, BY COUNTRY, 2017-2024 (USD THOUSAND)
      • Table LATIN AMERICA: BASALT FIBER MARKET SIZE, BY USAGE TYPE, 2017-2024 (TON)
      • Table LATIN AMERICA: BASALT FIBER MARKET SIZE, BY USAGE TYPE, 2017-2024 (USD THOUSAND)
      • Table LATIN AMERICA: BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (TON)
      • Table LATIN AMERICA: BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (USD THOUSAND)
      • Table LATIN AMERICA: BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table LATIN AMERICA: BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • BRAZIL
      • MEXICO
    • MEA
      • Table MEA: BASALT FIBER MARKET SIZE, BY COUNTRY, 2017-2024 (TON)
      • Table MEA: BASALT FIBER MARKET SIZE, BY COUNTRY, 2017-2024 (USD THOUSAND)
      • Table MEA: BASALT FIBER MARKET SIZE, BY USAGE TYPE, 2017-2024 (TON)
      • Table MEA: BASALT FIBER MARKET SIZE, BY USAGE, 2017-2024 (USD THOUSAND)
      • Table MEA: BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (TON)
      • Table MEA: BASALT FIBER MARKET SIZE, BY FORM, 2017-2024 (USD THOUSAND)
      • Table MEA: BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table MEA: BASALT FIBER MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • SOUTH AFRICA
      • SAUDI ARABIA
      • UAE
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
      • INNOVATORS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • MARKET RANKING
    • COMPETITIVE SCENARIO
      • EXPANSION
        • Table EXPANSION, 2014-2019
      • NEW PRODUCT DEVELOPMENT
        • Table NEW PRODUCT DEVELOPMENT, 2014-2019
      • PARTNERSHIP
        • Table PARTNERSHIP, 2014-2019
  • COMPANY PROFILES
    • KAMENNY VEK
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ZHEJIANG GBF BASALT FIBER CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • MAFIC SA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TECHNOBASALT-INVEST LLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • RUSSIAN BASALT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • ISOMATEX S.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • INCOTELOGY GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • SUDAGLASS BASALT FIBER TECHNOLOGY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • SHANXI BASALT FIBER TECHNOLOGY CO. TD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • MUDANJIANG JINSHI BASALT FIBER CO. LTD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • OTHER COMPANIES
      • BASALT TECHNOLOGY UK LIMITED
      • SICHUAN AEROSPACE TUOXIN BASALT INDUSTRIAL CO., LTD
      • ASA. TEC GMBH
      • SICHUAN FIBERGLASS GROUP CO., LTD.
      • NMG COMPOSITES CO., LTD
      • FIBERBAS CONSTRUCTION AND BUILDING TECHNOLOGIES
      • LIAONING JINSHI TECHNOLOGY GROUP CO., LTD.
      • JIANGSU GREEN MATERIALS VALLY NEW MATERIAL T&D CO., LTD (GMV)
      • YINGKOU HONGYUAN FIBERGLASS TECHNOLOGY CO., LTD.
      • JILIN PROVINCE HUAYANG NEW COMPOSITE MATERIAL CO., LTD.
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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